【正文】 uding units and individuals)by violating national laws and regulations concerning financial management,with the following four conditions at the same time,and except the otherwise prescription in the criminal law, shall be recognized as illegal absorbing of public deposits or absorbing public deposits in a disguised way :To absorb funds without the approval of the relevant departments in accordance with the law or by borrowing the form of legitimate business。我國尚沒有關(guān)于眾籌融資的相關(guān)法律政策，很容易讓人們將眾籌聯(lián)想為非法集資，《最高人民法院關(guān)于審理非法集資刑事案件具體應(yīng)用法律若干問題的解釋》規(guī)定，違反國家金融管理法律規(guī)定，向社會公眾（包括單位和個人）吸收資金的行為，同時具備下列四個條件的，除刑法另有規(guī)定的以外，應(yīng)當(dāng)認(rèn)定為“非法吸收公眾存款或者變相吸收公眾存款”：未經(jīng)有關(guān)部門依法批準(zhǔn)或者借用合法經(jīng)營的形式吸收資金；通過媒體、推介會、傳單、手機(jī)短信等途徑向社會公開宣傳；承諾在一定期限內(nèi)以貨幣、實(shí)物、股權(quán)等方式還本付息或者給付回報；向社會公眾即非特定對象吸收資金。The crowdfunding financing pattern brings gospel to the development of China39。s crowdfunding industry眾籌投融資模式為我國創(chuàng)意項(xiàng)目的發(fā)展和青年創(chuàng)業(yè)、中小企業(yè)融資帶來了福音。Sixth,from the perspective of the number of investors,the total number of all investors of our crowdfunding website is about 200,000 in the United States, the number of active investors is close to 281,000,0 only from the data of the first half of addition, due to the restriction of our legal , the number of investors to participate in each project is taking into account the risk considerations,the financing amount of each project is not large, the crowdfunding platform is not very applicable to the hightech research and development projects now .第七，從項(xiàng)目發(fā)布內(nèi)容來看，美國眾籌平臺發(fā)布的創(chuàng)意項(xiàng)目原創(chuàng)設(shè)計的很多，并且涉及的門類也很多，自主創(chuàng)新能力較強(qiáng)，而我國眾籌平臺發(fā)布的項(xiàng)目多是餐飲類、文藝類以及一些低端的產(chǎn)品設(shè)計，設(shè)計門類較少。According to official data, the United States crowdfunding platform Kickstarter had 3 million users financing $480 million totally for its nearly 20,000 projects in March 2014, the amount of capital achieved through the crowdfunding platform has been more than $1 thenamed time of our country made the transition from crowdfunding project to presale project at the end of April 2014.第六，從投資人數(shù)來看，我國各眾籌網(wǎng)站投資人數(shù)總和也就 20 多萬人，而美國單從 2014 年上半年數(shù)據(jù)來看，活躍的投資人數(shù)就近 281 萬人。Fifth, from the scale of financing point of view, the domestic crowdfunding platform exceeded 100 in to the monitoring data of the China Electronic Commerce Research Center ,in the first half of 2014, there are 1423 crowdfunding financing events occurred in the crowdfunding industry of China, which raised a total amount of billion yuan which includes billion yuan from the equity pattern there had been 344 crowdfunding platform in the United States at the end of were nearly 5600 crowdfunding financing events in the American actual fundraising amount reached $ million , which reach at the success rate of crowdfunding of %.根據(jù)官方數(shù)據(jù)，美國眾籌平臺 Kickstarter2013 年有 300 萬用戶為其接近 2萬個項(xiàng)目共籌資 億美元，截至 2014 年 3 月，通過該平臺實(shí)現(xiàn)的額資已超過 10 億美元。而美國在2013 年底就已經(jīng)有344 個眾籌平臺，美國眾籌模式共發(fā)生募資案例近5600起，%。失去了眾籌支持創(chuàng)意項(xiàng)目的初衷。Secondly, from the view of the financing pattern of crowdfunding, the . has only involving the donation pattern and the return pattern and the equity pattern had not been involved due to the limitation of the law at the the equity pattern crowdfunding is very attractive to investors,thereby it is also more likely to raise money, which prompted its legalization by the introduction of national in March 2012, the United States of America awarded the JOBS act to permit the equity pattern crowdfunding,however our country just launched a pilot project for it till November 19, 2015.第三，從眾籌融資的監(jiān)管機(jī)制來看，美國在 2012 年 3月出臺了 JOBS 法案，還陸續(xù)地在出臺一些細(xì)則，而我國對于眾籌投融資尤其是股權(quán)眾籌的監(jiān)管法規(guī)還在醞釀之中，尚未正式出臺。s first equity crowdfunding platform Angellist was born in the Silicon Valley of America in 2010.It is not a long time since the concept of crowdfunding investment and financing was introduced into our country. It is only a few years so far. Thenamed time appeared on line in July 2011, which is the earliest crowdfunding financing platform of China . And then crowdfunding financing platforms such as theventure capital circle, the“our investment”, the crowdfunding networkand the “angel crowdfunding”and success to some creative projects to raise funds.The crowdfunding pattern increases a new way to solve the problem of the difficult financing and the high cost of financing of our small and mediumsized the same time,it provides the innovation and entrepreneurship of all ambitious young people a financing channel,which is conducive to the promotion of scientific and technological innovation and the implementation of new ideas,and is conducive to increasing employments and maintaining social , our crowdfunding financing is still in the initial stage,which lacks regulatory measures for development of our crowdfunding financing still faces many risks and uncertainties in the future. 中美眾籌發(fā)展的差距 gap between China and America in the development of the Crowdfunding industry . 首先，從眾籌融資的起源時間來看，美國眾籌融資起源于2001年，而我國起源于2011年，落后10年時間。The IntroductionCrowdfunding is a way in which fundraiser attracts many ordinary investors by a project through the Internet platform in order to raise the funds forms of crowdfunding can be divided into 4 kinds of patterns:donation pattern, return pattern, debt pattern, equity pattern.crowdfunding financing originated in the United Share pany was established in 2001 in the United states as a pioneer of crowdfunding April 2009, Kickstarter established and developed into the world39。眾籌模式為我國中小企業(yè)融資難、融資成本高問題的解決增加了新的途徑，同時為廣大有志青年創(chuàng)新創(chuàng)業(yè)提供了融資途徑，有利于促進(jìn)科技創(chuàng)新，促進(jìn)新想法新創(chuàng)意的實(shí)現(xiàn)，有利于增加就業(yè)崗位，保持社會穩(wěn)定。世界上第一個股權(quán)眾籌平臺Angellist 2010年也誕生于美國硅谷。眾籌融資起源于美國，Artist Share公司作為眾籌的先鋒平臺于2001 年在美國成立。 引言眾籌是指籌資人用項(xiàng)目通過互聯(lián)網(wǎng)平臺來吸引普通眾多投資者進(jìn)行投資，從而籌集到所需資金的行為。the equity pattern crowdfunding。中美眾籌行業(yè)發(fā)展的差距與努力方向The gap between China and America in the development of the crowdfunding industry and our strive direction OrThe gap in the development of the Crowdfunding industry between China and America:where are we and wha