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股权众筹能否打通矿业资本市场经脉?

热度 1已有 330 次阅读2015-10-29 21:01 |个人分类:知识

美好的矿业项目难获得资金有力支持,大量资金因缺乏好的矿业项目而无法发挥效能。中国虽早已跻身于世界矿业大国之列,但矿业行业风险勘查市场的滞后、投融资体制的严重缺失,使中国矿业资本市场多年来一直营养不良、经脉不通。

  近年来,在互联网金融时代下,一种可以实现矿业资源与资本市场无缝对接,具有积沙成丘的新的融资渠道应运而生。它就是时下风头正劲的矿业股权众筹。

  It's difficult for good mining projects to obtain strong support of funding, which makes most of them useless. Although China has long been among the world's major mining country, the mining capital market of China is always imperfect since the sluggish of the risk exploration market of mining industry, and a serious lack of investment and financing system.

  In recent years of internet financial era, a very popular new financing channels: the public equity raise appeared. It is a kind of mineral resources and capital market which can realize seamless docking, with many a little make a mickle role.

  何为股权众筹

  何为股权众筹

  股权众筹是指募资人通过平台集合众多个人投资者小额投资,以支持其创业经营或其他社会事业的新型融资模式。具体表现形式是多人一起为一个项目筹集资金,彼此按照出资额占有其中股份。众筹模式由发起人、跟投人、平台构成,先由创业者或者创意人把自己的产品原型或创意提交到平台,发起募集资金的活动,感兴趣的人可以捐献指定数目的资金,然后在项目完成后,得到一定的回馈。在美国,这种模式已经比较发达。

  事实上,在我国,尽管前几年矿业行业对众筹模式还略有陌生,但“众筹”在其他行业却早以生根开花了,尤其是会籍式的众筹方式在中国去年“创业咖啡”的热潮中表现得淋漓尽致。最近几年,股权众筹进入矿业行业后,一时间引起了业内人士的广泛关注。

  “股权众筹模式具有低门槛、大众化、高效率的特点,是指一种向群众募资,以支持发起的个人或组织的行为。有了这种平台的帮助,任何想法的人都可以启动一个新产品的设计生产。”业内人士分析说。

  在2014年11月21日,股权众筹开始在矿业行业试水。在矿业圈举办的众筹沙龙上,矿业行业内上百位企业和金融的专家围绕矿业众筹进行研讨交流。他们利用圈内的人脉资源和矿产资源优势,大胆进行了矿业众筹的尝试,并取得了成功,为一些急需流动资金的矿山企业解决了资金难题。与此同时,致力于打造中国风勘资本市场,破解中国矿业行业融资难的北京国际矿业城也逐渐发力,他们在联手银行、基金等金融部门基础上,成立了领筹矿业众筹服务有限公司,试图通过矿业众筹来破解矿业的投融资难题。而北京同创九鼎投资管理股份有限公司等一些投融资公司和天使投资人也转变思维,从当前低迷而又庞大的矿业市场中觅到了商机,开始涉足矿业领域的众筹业务。

  What is equity-based crowd-funding

  Equity-based crowd-funding is a new financing model, of which raising people gather a large number of individual investors through the platform, to support their entrepreneurial business or other social undertakings. The specific form is that many people raise funds together for a project, and hold the equity in accordance with their amount of investment shares. Crowd-funding model consists of sponsors, with investors and platforms. At first, creative people submit their own product prototypes or creative idea to the platform and initiate activities to raise funds. People who are interested can donate a number of specified funds, and get feedback after the completion of the project. This model is relatively well-developed in the America.

  In fact, although the crowd-funding model was unfamiliar to the mining industry in our country several years ago, it had already been implemented in the industries. Membership formula, in particular, has a highlighted performance in the last year. In recent years, after equity-based crowd-funding entered the mining industry, it has aroused widespread attention in the industry.

  "Crowd-funding model has a characteristic of low threshold, popularization and high efficiency, which is a kind of fund-raising, to support the launch of the individual or organizational behavior. With the help of this platform, any people who have ideas can start a new product design and production," a insider said.

  On November 21 of the last year, equity-based crowd-funding tested water in the mining industry. A crowd-funding salon was held in mining circles, attracted hundreds of business and financial experts in the mining industry to discuss and exchange thoughts around the mining crowd-funding. With the network resources and mineral resources in the circle, they made bold attempt to mining crowd-funding and succeed in raise funds for mining enterprises in need. Meanwhile, the Beijing International Mining City, which strives to build a China's capital market and crack the difficulties in Chinese mining industry financing has gradually caught up. They work together with banks, funds and other financial sectors to establish the leader of mining collar raise public chips Services Ltd, trying to solve the mining investment problem through mining crowd-funding.

  On the other side, Beijing Tongchuangjiuding Investment Management Co. Ltd., other investment and financing companies, angel investor have also changed ideas. They seek opportunities from the current downturn in mining but the huge market, and they began to get involved in the mining sector, which also get involved in the mining crowd-funding.

  矿业众筹缘何“火”

  矿业众筹缘何“火”

  矿业股权众筹之所以备受关注并寄予厚望,主要取决于当前中国的矿业资本市场。

  资本是矿业行业的血液。而中国的矿业资本市场建设步履维艰,矿业金融之路极其狭窄。矿业行业自身的特点又直接决定了其融资的不易和风险的难以管控。众所周知,矿山行业是一个长线投资且风险比较高的行业,矿山企业的投资规模一般都比较大,动辄就需要数千万元甚至数亿元,而且回报期比较长,往往没有三五年的时间难以见到效益。这些都无形之中增加了矿业融资的难度和风险。同时,中国矿业公司尤其是勘查公司的上市之路困难重重,使矿山企业也无法从资本市场上拿到资金。特别是近几年来,随着国内矿业市场的持续低迷和矿产品价格的大幅下滑,矿山企业普遍经济效益下滑,生产经营步履维艰,流动资金异常紧缺。同时,一些金融部门见风使舵,谈“矿”色变,对矿业行业惜贷拒贷,也进一步加剧了矿山企业的资金紧张局势。

  面对中国矿业因金融市场缺失而造成的诸多制约,近几年来,业内相关行业和专家也曾多次尝试“破冰之旅”。中国矿业联合会、北京国际矿业城等先后多次举行研讨会,倡议尽快建立中国的风险勘查市场,把资源、资本、资产有机结合起来,实现矿产资源与金融资本的有效对接。但由于各种客观因素的制约,其推进难度较大。

  而矿业众筹这个既符合国家“大众创业、万众创新”政策,又能集散户资金于一起干成大事,还能“分摊”和化解风险的矿业融资新模式,则正好有效弥补了矿业融资中的这些“短板”。

  “互联网金融时代下,新模式的众筹不仅创造了新的交易机制,集中实现了交易所、投资银行、矿业基金的功能,而且大大降低了矿业企业的融资门槛和投资门槛,让企业挂牌融资简单易行,让行业内外的投资人都有了分享矿业财富的机会。”业内人士表示。

  Why is mining crowd-funding so popular

  The reason of the mining of Equity-based crowd-funding be concerned, and high hopes, depends on the current China's mining capital market.

  Founding is important to the mining industry. But, the development of China's capital market for mining has been staggering, and the road of mining finance is extremely narrow. Mining industry's own characteristics directly determined that it's not easy to finance, and the risk is difficult to control. As we know, Mining industry is a long-term investment with a relatively high risk. Mining enterprises often have a great investment scale, but the payback period is quite long. These increased the difficulty and risk of mining financing. At the same time, it is difficult to appear on the market for the exploration company, which also makes it impossible for mining enterprises to get funds. Especially in recent years, with the continued downturn in the domestic mining market and the sharp decline in commodity prices, the whole mining enterprises began to glissade, which leads to difficulties in production and management as well as abnormal liquidity shortage. In the meantime, some financial sectors refused loans to the mining industry, it further exacerbated the financial tensions in mining enterprises.

  Faced with many constraints in China mining caused by financial markets lacking, in recent years, industry-related industries and experts have repeatedly tried many methods. China Mining Association, Beijing International Mining Town and so on had held several seminars, which proposed to establish China's risk exploration market as soon as possible, combining with resources, capital and assets to achieve the docking of mineral resources and financial capital. However, because of various objective factors, it's difficult to carry out.

  Mining crowd-funding is in line with national policy, it not only can gather retail funds, but also can defuse venture, which just makes up these "weakness" of mining financing.

  "In the era of internet finance, the new crowd-funding model has not only created a new trading mechanism, achieved the function of exchanges, investment banks and mining fund, but also greatly reduce the threshold for financing mining companies and investment barriers, which makes companies listed financing simple, so that investors outside the industry have a chance to share the mining wealth," a insider said.

  矿业众筹如何走

  矿业众筹如何走

  矿业是高投入、高技术、高风险、高回报的行业,如何通过投资安全、融资安全、平台安全三重保障来锁定风险,确保投资人受益,既是矿业股权众筹的重中之重,也是其生存和发展的基础。所以,矿业众筹必须要精心设计,规范行为,监管过程,在国家法律、政策的总框架下谨慎尝试。

  好的项目是矿业众筹的前提。然而,多年来屡屡出现的地质报告“水分”大、造假多现象让矿业资本市场包括现在的众筹蒙上了一层阴影。所以,如何选择一个地质资料准确真实、发展潜力大、预期效益好的矿业项目,既是确保众筹资金安全,也是增强众筹吸引力的关键一步。

  而优秀的项目管理团队和领筹人,对矿业众筹也至关重要。做众筹的领筹人一定要有长远眼光,探索建立新的机制。“优秀项目团队建立起来,投资风险也就降低了,资金才会形成雪团效应。所以,矿业众筹需要一个对矿业项目投资、运营、退出全流程都具有丰富经验的团队。”相关业内人士说。

  风险既能管控,进退又能自由,则是矿业众筹关键的一环。当前投资人对矿业众筹最大的担心莫过于进去出不来,被牢牢套住。所以,如何加强顶层设计,制定出一个切实可行的进出规则是重中之重。

  相关业内人士提醒,矿业众筹不仅要能吸引资金,更要设立好股权交易和退出机制,让众筹小股东能随时买卖。股权有了流动性,价值才能体现,风险才能释放,众筹才会有人气。

  北京国际矿业城总裁朱绍宝认为,当前矿业众筹200人是红线,先从金矿、宝石矿开始众筹,老百姓容易接受。要特别强调领筹人、评估机构、专业基金和回购企业参与,先探讨由小到大、由易到难、由大众到专业的矿山做起。

  东风已起,帆叶正扬。我国的矿业众筹如星星之火,正在以燎原之势全面铺开。可喜的是,随着矿业众筹的逐步推进,现在越来越多出资人开始关注矿业进而投资矿业,正在逐渐变成专业基金观者人,而有矿权的老板也开始利用外部资金来发展项目,矿业投融资市场正在越来越大。

  “矿业众筹将来发展的的理想状况,是市场有成百上千家矿业基金来投不同的矿业项目。而且地质找矿也能实现证券化。”业内人士表示。

  How does mining crowd-funding develop

  Mining is a business of high investment, high-tech, high-risk and high-return. How to ensure investment benefit through investment security, finance security and platform security is the most important not only for mining crowd-funding, but also to the basic for its survival and development. So, mining crowd-funding must be carefully designed, regulate its behavior and make cautious attempt under the general framework of national laws and policies.

  A good project is the premise to mining crowd-funding. However, in recent years, much fraud phenomenon overshadowed mining capital markets include crowd-funding. Therefore, how to choose good mining projects with true and accurate geological data, development potential, the expected benefits is not only to ensure the safety of the public-financing, but also is a key step to strengthen the attractiveness of crowd-funding.

  Good project management teams and leaders are also critical to the mining crowd-funding. The leader must have a long-term vision, and should explore to establish new mechanisms. "We should set up outstanding project team, so we can reduce the risk of investment and gather funds, funds will form a group. Therefore, mining crowd-funding requires a team with a sufficient experience in the whole process for mining project investing, operation and exit," a insider said.

  Risk that under control and a free exit mechanism is crucial to mining crowd-funding. At present, the investor are mostly worried about being caught up and can't get away. So, the most important thing is that how to strengthen top-level design to work out a plan that we can go into and come out freely.

  "The mining crowd-funding was not only to attract funds, but also to establish a transactions of stock right and exit mechanism, which allow minority stockholders of crowd-funding trade on the market at any time. Only with share liquidity can the value be showed, risk released and crowd-funding be popular," a insider said.

  Zhu ShaoBao, the president of Beijing International Mining Town, believes that two hundred persons mark the red line of mining crowd-funding, we shall begin with goldmine and gem mine, which is more easily acceptable to common people. He especially emphasized the involvement of raising leader, rating agencies, professional funds and repurchase enterprises, and it should proceed from small to large, easy to difficult, from the public to professional mines.

  Mining crowd-funding is in full swing, with the gradual advance of mining crowd-funding, now more and more investors begin to pay attention and invest in the mining industry, who gradually become professional fund viewers. And some mineral rights owners are starting to use external funds to development projects. The mining investment and financing market is growing.

  "The ideal situation of the future development of the mining crowd-funding is that there are hundreds of different mining funds to invest in different mining projects and geologic prospecting can be securitized." a insider said.


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