The Research On Legal Problems Of Chinese Financial Consumer Protection

The global economy develops rapidly in the 20 th century.The trend of the world economic integration enhances obviously along with the advance of modern science and technology.The tertiary industry has become the key of promoting economic development.As a core industry in the tertiary industry,the financial service always plays a pivotal role to the global capital operation.The financial industry is closely related to the fate of the world economic development and most of the capitalist states pay more attention to the financial industry,however,they didn't realize that the importance of financial consumer protection,which is the base of the pyramid of world's financial industry.The global financial crisis that occurred in the beginning of 21 st century is a wake-up call.The unlawful infringement of financial consumers' rights happens seriously since the shortage of effective legal protective measures for financial consumers,which directly leads to the big shortage of the financial consumers' confidence in the financial market.The financial crisis has made a great negative economic impact of the developed countries.It forced most of the countries to treat financial consumer protection as the key point in the post-crisis era financial reform.Combined with the current financial industry development in China,the current financial consumer protection system is still not completed,which hinders the benign sustainable development of China's financial industry.From that perspective,this paper intents to seek for the legal protection for financial consumers and clarifies the financial consumers' rights and obligations that financial institutions.Analyzing of financial consumer protection experience of UK,US and Japan to extract the enlightenment to China in order to establishing the legal system of financial consumer protection and strengthening existing financial regulation in China.