Risks and Legal Responses to Revenue-based Financing
Revenue-based financing is a new financing model,which is non-dilutive and flexible,and belongs to future receivables factoring in legal nature.In practice,revenue-based financing can lead to fraud and default risks,money laundering risks,information disclosure risks,and illegal fundraising risks.The reasons for the above risks are the absence of the current regulatory mechanism for revenue-based financing,the unsound credit system for small and micro enterprises,and insufficient protection for investors.In this regard,it is necessary to fill the gaps in regulatory rules and regulatory bodies,strengthen the information disclosure of financing parties,introduce third-party credit investigation and promote credit information sharing,and empower the credit system with the help of technology.In addition,it is also necessary to strengthen investor protection,set up risk reserves and introduce guarantees mechanism,place platform funds in third-party custody,and clarify the platform's suitability obligations.
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维普
