Is zhonghexin crowdfunding model legal

Legal. The purpose of crowdfunding is to encourage support for innovation, development of public welfare and profitability. As long as the platform and projects comply with the relevant laws and regulations, and do not involve the illegal absorption of public deposits or disguised absorption of public deposits, they will not have a negative impact on the market economy. The paid crowdfunding model adopted by Zhonghexin is in line with the spirit of Article 105 of the Civil Code and Articles 110 and 121 of the Charity Law, emphasizing mutual assistance and sustainability. It should be noted that crowdfunding platforms still need to pay attention to legal risks in the course of operation, such as illegal fundraising, fraud risks and the risk of unauthorized stock offerings.