A Study On The Obligations Of Information Disclosure Of Commercial Bank In Financial Products Transactions

Commercial banks has issued amount of 82,275 closed-end financial products that are targeted at individual investors in 2015.According to the data,it calculated the scale of financial products could gross over 20 trillion and maintain 25%growth.Banking finance transactions still are getting swift and violent progress,but financial disputes also are accumulating.The disputes that the right to know of financial consumers is encroached occupy the dominant status in masses of financial disputes.the main reason the right to know of financial consumers is encroached frequently is commercial banks don't earnestly meet their obligation of information disclosure in financial product trading.And obligation of information disclosure of commercial bank in this paper is not the disclosure of financial information including accounting statements from the point of supervisor.It is the information that commercial bank should disclose to financial consumers in financial product trading,with the focus of protecting the right to know of financial consumers.Above of all,it analyses concept,classifications and legal relations of financial products to known clearly.The analysis of legal relations is beneficial to clarify each party's rights and obligations,which provides theorist basis for the study on obligation of information disclosure of commercial bank.Secondly,study the obligation of information disclosure of commercial bank is to demarcate the textual range.Meanwhile,it expatiate the necessary and reasonability that commercial bank fulfill the obligation of information disclosure.Thirdly,it analyzes kinds of behaviors of breach the obligation of information disclosure in practice.Commercial banks violate the obligation of information disclosure unscrupulously because we have not established complete information disclosure system that center on financial consumers.Then,it set forth the status of obligation of information disclosure at legislative front,relief mechanism and burden of proof in China.Finally,combining the practice with the current legal system in China,some proposes are advanced for consummating information disclosure system that can provide a solid protection for the right to know of financial consumers on the basis of successful legislative experiences of other countries.