The social practice and legislation of private equity crowdfunding in China are gradually developing and improving, and the qualified investors system is an important part. However, there are currently no specific laws and regulations on this interpretation. So this paper intends to define the nature of "private" on the equity crowdfunding, and analyze the standards of qualified investors from three aspects: the financing stage that investors involve in, the scale of investment and the nature

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... investor. On the basis of that, the corresponding measures to improve will be put forward. With the development of Chinese legislation and practice in this field, qualified investors will be examined through more abundant perspectives.