Securities Regulator Turns Attention to Crowdfunding

(Beijing) – The securities regulator is catching up with the supervision of crowdfunding, which allows people to pool money for an investment in return for cash repayment or a payoff in kind.

The first crowdfunding website opened in the country in 2011. More have followed, and experts say the total number may be in the dozens.

The innovation has dramatically lowered the threshold for an individual to invest in a startup from millions of yuan to a few hundred yuan. So far, the sector has no regulation.