Research On Law Issues Of Consumer Trust In China

The appearance of consumer trust products reflects that the trust industry is exploring the coupling of production financing demand and the need of consumption and investment through trust business to extend the scope of trust innovation. The consumer trust business is still a primary stage in China, but with the vigorous promotion of internet and the market competition in pan asset management era, it will surely have great prospective. However, new things always rise by a variety of innovations and attempts in theory and practice. In theory, the concept, attribute and 4egal relationship of the consumer trust are not clearly defined. In practice, there are many problems such as imperfect legal and regulatory system, lack of risk control, indecisive access and withdrawal mechanism. This article focuses on how to provide better investment and promotion services, guard against risks, improve the legal system to obtain a rapid development of consumer trust by using the features of property independence and limited liability in trust system.The article contents are as follows:First, we introduce the origin and meaning of consumer trust including the definition, properties and features, clarify the legal relationship, therefore show a general picture in China. The discussion and analysis to the theoretical and practical basis of consumer trust and the distinction between consumer trust and other related concepts lays a theoretical foundation for finding and solving the problems below. Second, we try to sum up the problems in China’s present legislative system of consumer trust, including the status and deficiency of the relevant laws and regulations in trust and protection of consumer rights, the practice and potential issues in business risk, registration and regulatory system, access and withdrawal mechanism. Finally, we propose solutions for the problems in the current consumer trust law system above. We propose the "trust law" and other relevant laws and regulations to provide legal basis for the effective regulation of consumer trust market, and do other suggestions from risk control, information disclosure, access and withdrawal mechanism, as well as supervision contents. We hope to establish and maintain a fair, orderly market, in order to develop the consumer trust industry soundly and rapidly.