A Research On Financial Education Based On Financial Customer Protection System

Nowadays, the amount of family assets increases continuously with the economic and financial development. The degree of participation of ordinary families in financial markets has undergone a huge change. Consumers must have a high level of financial education and be able to choose financial products when they faced with innovative financial products. Only in this way can they make reasonable financial planning in their entire life. Then the financial market will be more stable. However, the popularity of financial education and financial literacy of consumers in our country is generally low, to strengthen work on financial consumer education is a necessary requirement to maintain the prosperity and development of financial markets. A research on financial consumer education systems will improve the financial consumer protection system, and promote the development of the theory of financial regulation.We compare financial consumer education work in different countries and carry out a clear contrast by tables in order to provide a reference to financial education work in our country. Then we use the data of Chinese urban households consumer finance survey that made by Tsinghua University in 2012, conducting a statistical analysis of the current situation of China's financial consumer. We make an empirical analysis between financial education and financial consumer rights protection with the data. The results show that our national financial education, time investment in financial education, capital investment and financial literacy levels are positive effects to the protection of financial consumers.The innovation of this paper is to combine the empirical analysis and theory with data, using four dimensions to measure financial education:national financial education, time investment and capital investment in financial education, and the level of financial literacy. We empirically demonstrate the importance of financial education for financial consumer protection. Then we make the financial education work into the financial consumer protection framework and clarify the functional departments the implementation of financial education. Finally, we make a research and analysis on China's financial consumer protection and financial education work and make suggestions and countermeasures to build an effective mechanism of financial consumer protection in our country.