美英农业股权众筹发展分析及对中国的启示  

Analysis on the Development of Agricultural Equity Crowdfunding in the United States and Britain and Its Enlightenment to China

作　　者：王兆怡 李华[1] Wang Zhaoyi;Li Hua(Economics&Management School,Beijing University of Agriculture,Beijing 102206)

机构地区：[1]北京农学院经济管理学院

出　　处：《农业展望》2020年第1期40-46,共7页Agricultural Outlook

基　　金：家禽产业技术体系北京市创新团队专项(BAIC04-2019);2019年北京农学院学位与研究生教育改革与发展项目(2019YJS056)

摘　　要：长久以来,中国农业由于自身具有高风险的特点,农业企业一直面临融资难的问题,股权众筹的出现为解决农业企业融资提供了一条有效路径。然而,股权众筹自应用到中国农业领域后发展并不顺畅,始终摆脱不了项目少、成功率不高的问题,同时2014年中国出台的管理办法中也存在诸多缺陷。在对比分析美国和英国的股权众筹在农业领域应用现状的基础上,结合中国当前农业发展现状、金融市场完善程度、股权众筹立法现状,借鉴英国和美国的成功经验,提出了相应的建议,即:较大型的农业项目可先行在综合型股权众筹平台上尝试发起股权众筹;综合型平台应当培养专业的农业项目的领投人;要完善现行公司法,使筹资公司的资质与股权众筹相适应;还要对投资者实行保护制度,分级设置投资额度。For a long time,due to the high risk characteristics of China's agriculture itself,agricultural enterprises have always faced the problem of financing difficulties.The emergence of equity crowdfunding provides an effective way to solve the financing difficulties for agricultural enterprises.However,equity crowdfunding has not developed smoothly since it was applied to China's agricultural sector,and it has never been able to get rid of the problem of low projects and low success rates.At the same time,there are also many defects in the administrative measures promulgated in China in 2014.Based on the comparison of the status quo of equity crowdfunding in the agricultural field between the United States and the United Kingdom,this paper combined the status quo of agricultural development in China,the degree of perfection of financial market,the status quo of equity crowdfunding legislation,drew on the successful experience of the United States and the United States,corresponding suggestions were put forward,that was:large-scale agricultural projects could first try to launch equity crowdfunding on the comprehensive equity crowdfunding platform,integrated platforms should cultivate the leading investors of professional agricultural projects,in order to adapt the qualifications of financing companies to equity crowdfunding,the current company law should be improved.At the same time,and it was necessary to implement a protection system for investors and set investment quotas hierarchically.

关 键 词：融资 农业股权众筹 美国 英国 股权众筹平台 筹资者 投资者 

分 类 号：F324[经济管理—产业经济] F832.4