【正文】 icies,to control the spread of information,to enhance the technical capacity,to protect the network security,to control the use of funds, to strengthen the quality education of relevant personnel,and to do prudent particular, we must pay attention to the prevention of the breeding of risk and coupling effect.（三）增強受體的抗風險能力(c) enhance the ability of the receptor to resist risks 這要求嚴格管控好投資者進入的渠道，比如，在資質(zhì)方面應要求投資者進入必須擁有一定的資產(chǎn)和固定的收入來源，而且投入的金額按照其所擁有的資產(chǎn)比例和收入比例確定。The source of all risks can be attributed to the existence of long as there is behavior, there will be the possibility to encounter with and even to realize a the development of the economic and social progress, the behavior must advance with the times, otherwise there will be a is the source of the risk will not be destroyed, only to be monitored in real we keep the behavior according with the pace of the times,can we prevent the risk of the source creating more example, legal risk is derived from the law making behavior if you get to the bottom of long as the law and policy formulation keep up with the development of the pattern of the crowdfunding investment and financing, we will manage it,which will prevent the risk of endangering society .（二）讓載體不再搭載風險，使得風險無處可遁(b) make the carrier no longer carrying risk, making the risk having nowhere to escape.這里的關鍵是要完善好相關的法律法規(guī)和制度載體，控制好相應的行為載體和信息載體，管理好相應的資金載體，讓這些載體對可預見的風險不再搭載，這樣便會讓相關法律法規(guī)和制度的實施、信息的傳播、資金的使用更加安全可靠。只有管控住行為緊跟時代的步伐，才能控制好風險源不致造出更多的風險。At the same time, this can acmodate the staggered developments of more crowdfunding platforms and reduce the emergence of bad not only refers to the specialization inter industries, but also includes the segmentation inner the example, some platforms can be specialized in financing the startup projects, and some platforms can be specialized in financing the mature projects,that is to say, finance for the small and medium enterprises to solve the problem of financing difficulties of these more online refers to making the full use of the Internet platform to do the investment and financing transactions and reducing the activities offline,which makes the Internet more convenient and fast to the crowdfunding.（一）管好風險源，進行實時監(jiān)測(a) Manage and constantly monitor the source of risk一切風險的源頭都可以歸結(jié)為行為的存在，只要有行為，就會有遭遇甚至發(fā)生風險的可能。專業(yè)化不單指行業(yè)間的專業(yè)化，還包括行業(yè)內(nèi)的細分，比如有的可以專門做初創(chuàng)項目的融資，有的則可以做成熟項目的融資，即為現(xiàn)在的中小企業(yè)進行融資，解決這些企業(yè)融資難的問題。專業(yè)化發(fā)展可以弱化風險，更具有專業(yè)性，因為眾籌平臺對某一行業(yè)深入了解后更容易進行該行業(yè)項目的審核，更能夠判斷該類項目是否具有發(fā)展?jié)撡|(zhì)和風險大小，如此更能夠保護投資者的利益。再次，加強投資教育，使更多的投融者了解眾籌投融資的意義和項目風險，增強投資者的風險防范意識。應在嚴格投資者準入條件的同時放開投資者數(shù)量限制，這樣有利于風險的分散。From the perspective of governance,the risk of the crowdfunding investment and financing mainly includes the governance of crowdfunding platform and the governance of the governance of crowdfunding platform,there are regulatory risk, occupational risk brought by human resources, moral risk,and system the governance of financier, there are a risk of ownership structure,a risk of the board,and the risk of the system, risks are plementary to each other rather than staff of project have audit failures or unethical behaviors (such as the collusion between finance and audit staff) may bring regulatory risk,which makes the project with problem ing into the crowdfunding the changes in the ownership structure of the financiers will bring a certain risk,because the equity disputes is easy to lead to the risk of investors that the investment and benefit can not be addition,there is the system risk which includes the risks brought by the vulnerability of the system of the Crowdfunding platform and of the internal management system of financiers.三、中國眾籌行業(yè)發(fā)展的努力方向 strive direction of the crowdfunding industry of China眾籌投融資在我國的良性發(fā)展需要克服以上阻力和風險。這些風險都是相輔相成的，不是單獨存在的，項目審核人員審核不到位或者不道德行為（比如融資人與審核人員勾結(jié)）有可能帶來監(jiān)管風險，使得有問題的項目進入融資平臺。The risk of social circumstance mainly refers to the risk of wringing from the mass the scandals or failure cases of the crowdfunding investment and financing occurred, the media often hypes up them so that the crowdfunding investment and financing left a bad impression to the public, let more potential investors dare not set foot in all the chips in the risk of credit circumstance means that the national quality needs to be improved, and the national credit system needs to be the circumstance in which credit is not high, investors and financiers tend to do fraud,which raises the risk of risk of economic circumstance mainly refers to the risk of the slowdown of macroeconomic,that is to say, the economic downturn brings a greater uncertainty to the development of crowdfunding.從治理層面來看，眾籌投融資面臨的風險源主要包括眾籌平臺的治理和融資人的治理。信用度不高環(huán)境下的投資人和融資人往往會發(fā)生欺詐行為，從而給眾籌帶來風險。The risk of political circumstance is mainly from the policy intervention and the adjustment of national economy changes of macro policy will directly affect the operation of the crowdfunding adjustment of the national economic center will affect the level of the boom of the project, thus affect the level of the risk of , in general, the risk from the political side is very small.社會環(huán)境的風險主要指媒體大眾對眾籌的擠兌風險，即當眾籌投融資發(fā)生失敗案件或丑聞時，媒體會大肆宣傳，以致給大眾留下不好的印象，讓更多的潛在投資者不敢涉足眾籌領域。宏觀政策的變化會直接影響眾籌平臺的運作，國民經(jīng)濟重心的調(diào)整會影響項目的景氣程度，從而影響眾籌的風險程度，不過，一般情況下來自政治方面的風險很小。市場環(huán)境方面的風險主要有項目市場不景氣、惡性競爭、市場欺詐等導致的風險。我國雖然人口眾多，但是參與眾籌投資的人還很少，一方面是由于眾籌平臺的限制，另一方面是由于我國普通大眾比較保守，還不能夠接受這種新興的融資舶來品，對其風險性還不太了解，要使我國投資者接受還需要一個過程。眾籌平臺缺乏完善的信用體系以及管控機制，存在欺詐風險，無法取信于眾多的投資者，在一定程度上阻礙了我國眾酬投融資的發(fā)展。我國眾籌融資剛剛興起，為了能夠獲得更強的競爭力，眾籌平臺更愿意接受一些成熟的且有一定規(guī)模和成就的項目進行融資，以提高其在行業(yè)的公信力。上述規(guī)定，無疑給眾籌投融資在推廣方面、籌資回報方面、投資人選方面設定了限制，讓更能激勵投資者的股權(quán)不能作為眾籌的砝碼。to promise to repay capital with interest or to return on payment within a certain period in the manners of money, material object, equity and so on。s Court on Several Issues concerning the application of law in the trial of criminal cases of illegal fundraising”stipulates that the act of raising money from the public(incl