Study On The Protection Of The Financial Consumers’ Rights In Legislation And Mechanism In China

With rapid development of the economy in China in recent years,the consumer finance play a more and more important role in people’sdaily life. Considering the professionalism, complexity andmonopoly of financial industry which had put the financial consumersat a disadvantaged position,it is necessary to take inclinedprotection towards the financial consumers’ rights.Under the circumstance of global financial crisis of2008, theprotection of financial consumers had caused unprecedentedattention. The crisis prompted Governments to re-recognize thedamage caused by ignoring financial consumers protection,whichcould destroy the balance of financial markets, initiatefinancial crisis.Under global economic and financialintegration,the impact of crisis outside on China is inevitable.Howto enhance public confidence for financial system by financialconsumers protection is an challenging subject of China’s futurefinancial reformation.The first chapter of this paper discusses the legal definitions of financial consumers.Chapter Two summarizes some the first handcases, enumerates the typical situations of financialconsumers’rights infringement,and discusses the protections whichare most urgently needed by consumers.Chapter Three analyzes thelack of legislation and The defects of mechanism in the protectionof financial consumers in China today. Chapter Four introduces theexperiences of developed countries and Taiwan in this area,whichcould provide reference and guidance for China’s legislation andadministration management. The last Chapter gives some suggestionsto improve current separated administration mechanism in China.The significance of this dissertation lies in combing thepresent situation and problems in the protection of financialconsumers in China,analyzing the entire tendency,and on this basis,making a corresponding proposal on policy making to realizeeffective protection of the financial consumers’ rights.