On July 15, 2014, Beijing-based senior partner Gao Mingfei was
interviewed by Global Times over four questions in
connection with crowd funding. The questions were as follows:
first, how Gao understand crowd funding; second, outstanding
problems in crowd funding matters Gao is currently advising on,
causes of such problems and solutions; third, illustrate such
problems with examples; and last, whether there is any law or
agencies to regulate crowd funding and Gao's suggestions.
Early this year, Gao was retained as standing legal counsel for
Crowd Funding (Shanghai) Assets Management Co., Ltd. which targets
on consumer products and conference crowd funding. So far, the
crowd funding platform has performed remarkably: within 15 days
since a Tesla Motor project was launched, over 400 orders were
placed; on the second day following a conference crowd funding
project, a participating public company's share price hit a
daily limit and its market cap rocketed from RMB18bn to
At present, Gao and her team is actively involved in researches
over equity crowd funding model with the above-mentioned crowd
funding platform and are also delving into internet finance issues
surrounding P2P and third-party payment.
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