A Study On Protection Of The Rights And Interests Of Consumers In The Financial Products Trading

Along with the deepening development of the financial markets,the trend of cross-combination and mixed management of financial industry is more and more obvious,which makes the kinds of financial products and financial institutions continue to develop,and enhance the comprehensiveness of financial transactions.The changing financial products and services enrich consumers' choices,and improve the quality of their life,but diversified financial products and services may contain more information and more complicated rules,which aggravates the information asymmetry between consumers and financial institutions virtually.At the same time,different kinds of financial consumers gradually merged into a unified consumer groups,and shock the financial consumers differentiated protection system.The outbreak of the global financial crisis opened the reform of the financial system of many countries and regions completely,and how to protect the rights and interests of financial consumers becomes the focus of study of legislators and scholars.The development speed of China's financial market is fast while the speed of the reform of the financial system is slow.The protection system of the rights and interests of consumers in the financial products trading can't adapt the current economic situation,and it leads to more and more cases about the damage of the rights and interests of financial consumers.Against the background of the current law,rules and practice in China,this article focuses on the definition of financial consumer,the suitability principle and demonstrative obligation of financial institutions,and the rules of cooling-off period system and non-litigation dispute resolution mechanism.It adopts research techniques such as comparative study,literature study and normative analysis.This article aims at perfecting the protection system of the rights and interests of financial consumers in China using the foreign ones for reference carefully,on the basis of analysis of the existing problems of current protection system.