The Research On Consumers’ Right To Obtain The Information Of Commercial Banks’ Personal Wealth Management Products

With the consumers’ right to obtain the information of commercial banks’ personalwealth management products as the research objective, the thesis, which begins with the basicconcepts of right to obtain the information of personal wealth management products incommercial banks, tries to make suggestions to complete and perfect the related current lawsthrough comparing the related laws and regulations of other countries. The aim of the thesis isto maximize the protection of right to obtain the information of such customers.The first part of the thesis mainly introduces and analyzes the related concepts of theconsumers’ right to obtain the information of commercial bank’s personal wealth managementproducts–the commercial banks’ personal wealth management products and customers ofbuying those products. For the former, the analysis of the concept includes basic definition,classification and features of commercial banks’ personal wealth management products.Though its concept is not unified, according to the foreign scholars’ research of connotationand extension of the commercial banks’ personal wealth management products, it could bedefined as the financial products developed by commercial banks according to the establishedinvestment strategy with professional investing ability in the within the scope of laws. Thenthe thesis further analyze the concept in four classification standards: risk attributes,directions of investment, product’s existence morphology and issuing methods, trying toachieve the comprehensive understanding towards the concept of commercial banks’ personalwealth management products. For the latter concept, referring to the domestic scholars’definitions as well as the definitions in the laws of the United States, Britain and Japan, theauthor defines the natural person who purchase the wealth management products provided bycommercial banks for personal purposes or family purpose, regardless of whether the natureperson owns professional financial knowledge, or for the purpose of investment.In the second part, the thesis emphasis the necessary of protection of the right to know ofcustomers of such personal wealth management products from specialties of the financialproducts, the current laws and regulations as well as the cases of infringement and protectionof right to know. The potential infringement requires the need to protect consumers’ right toknow specially. In the third and the fourth parts of the thesis discuss and analyze the ways of protectionof right to know of consumers of commercial banks’ personal wealth management productstheoretically and practically. From theory, the part discuss the necessity and the possibility ofprotection through using information asymmetry theory and transaction cost theory oncommercial bank personal financial products for protecting consumers’ right to know. Frompractice, through the analysis of ways of protecting the right to know, the thesis suggests therelated obligations of commercial banks to disclosure related information, as well asregulations to perfect the relief.The fifth part, according to the current status of protection of right to know in China andour country’s special law environment, the thesis proposes suggestions from four aspectsincluding making clear of the position of customers, amendment and perfection of ourcountry’s laws, and information disclosure and relief ways, in order to better protect ourcountry’s customers’ right to know in purchasing the commercial banks’ personal wealthmanagement products.