Research On Financial Consumers' Right To Know Protection In Internet Wealth Management Products Trading

Information is the basis of any decision.The importance of information is more obvious in financial transactions.Because of the objective existence of information in financial markets,the protection of financial consumers' right to know is very necessary.The characteristics of Internet finance to financial intermediation,lower transaction costs,and optimization of financial financing have brought profound changes to the traditional financial industry.As an important part of Internet finance,Internet finance has shown great development prospects.Internet wealth management products are the most important way to realize Internet financial management.They combine the stable income of traditional wealth management products with the inclusive features of Internet finance.Once they are online,they quickly occupy the market and are favored by ordinary financial consumers.However,the trading mode of Internet wealth management products has changed significantly compared with the traditional financial management products trading model,such as the complicated legal relationship in the transaction,the change of information disclosure and the implementation of the obligation to explain.The existing Internet financial consumer protection system is very difficult to deal with these changes.In practice,the Internet financial products financial consumer's right to know the right to damage has also occurred frequently,which damages the rights of financial consumers and also affects the stability and order of Internet finance.development of.Aiming at this reality,this paper starts from the comparison of Internet wealth management product trading mode and traditional wealth management product trading mode,and demonstrates the breakthrough of the Internet financial product trading mode to the traditional financial trading mode,and analyzes the existing financial consumption right protection system in China.In response to the dilemmas and shortcomings of these changes,on the basis of investigating the effective experience of extraterritorial knowledge,this paper reflects on the protection of China's financial consumer's right to know,and finally puts forward suggestions for improving the protection of financial consumers' right to know in Internet wealth management products transactions.The structure of this paper is divided into three parts: introduction,body and conclusion.The body part is divided into five chapters:The first chapter is the theoretical basis for the protection of Internet financial consumers' right to know.It mainly discusses the importance of the protection of Internet financial consumers' right to know and the necessity under the Internet financial model.Firstly,from the definition of financial consumer concept,then to the meaning,evolution and characteristics of financial consumer's right to know,and then comb the relevant theoretical basis of financial consumer's right to know protection and the necessity of financial consumer's right to know under the Internet financial model.And the importance of the protection of the right to know.The second chapter is a comparative analysis of Internet wealth management products and traditional wealth management trading models.Through the analysis of traditional wealth management products and their trading models,the clarification of Internet wealth management products and Internet financial management platforms,and the example of Internet financial management trading models,the characteristics of Internet wealth management products trading and the changes in traditional wealth management products trading patterns are obtained.These changes include the complexity of legal relationships due to the existence of financial platforms,changes in the strength of financial consumers,changes in the way in which information disclosure and accountability are fulfilled.The third chapter mainly explains the dilemma and shortcomings of the existing financial consumer information protection system in the face of the changes in the Internet wealth management product model.These shortcomings are reflected in the design level of the system,that is,insufficient legislation and lack of supervision.Some are also reflected in the operation of the system,such as the lack of effectiveness of information disclosure and accountability obligations caused by changes in the transmission mechanism of information in the Internet field.The fourth chapter is the extraterritorial experience of Internet financial consumer protection of the right to know and the review of the protection of China's right to know.This part combs the effective experience of Internet financial consumer's right to know in the mature and developed financial markets outside the region,and what implications for the protection of financial consumers' right to know in China.The fifth chapter is to improve the financial consumer's right to know in the Internet wealth management products transaction.Based on the conclusions of the previous chapters and the extraterritorial experience,combined with China's specific national conditions,this paper puts forward some suggestions for improving the protection of the right to know in the Internet financial products trading in China.