Crowd funding to rise in next two years
Print Edition
THE crowd funding industry in China is expected to accelerate as Internet finance flourishes in the next two years but the government should implement regulations to protect investors’ interest, experts told a forum yesterday.
The number of crowd funding platforms may jump from 137 to several hundred by the end of this year and continue to accelerate in 2016 as the Internet financing business blooms in the country, said Yang Dong, a professor at Renmin University of China.
“Fundraising could be an ideal way for startups to raise money and publicize their ideas,” Yang said.
Originating from the US, crowd funding refers to a practice of funding a project or a venture by raising money from a large number of people, typically via the Internet.
The practice emerged in China in late 2013. In January, 12 major crowd funding platforms raised 116 million yuan (US$18.70 million) from more than 140,000 investors for 444 projects, according to Yang.
Data from Zero2IPO showed 13 major crowd funding platforms raised a total of 1.38 billion yuan in 2014.
But Yang urged that supervision should be tightened over project quality, the setting-up of an investor mechanism to protect their interest, and post-investment management to improve market order.
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