Case Analysis Of " Fraudulent Financial Products " By China MinSheng Bank Hangtianqiao Branch

With the deepening of reform and opening up,China's economy is developing rapidly and the financial market is becoming more and more prosperous.On the one hand,with the development of the economy,increasing disposable income,when the residents there are both consciousness in financial investment and capital,the traditional way of bank savings deposits cannot have satisfied most of the residents,residents needs is low risk and high yield of products,this indirectly promote the development of bank financial products market in China.In 2012,is the rise of the bank financial products market in China for a year,after the 2012 financial products of bank financial market in our country present development situation of the blowout,the bank in order to attract investment,rob customers constantly introducing new products,bank financial market financial product variety,meet the needs of all kinds of people,but the product quantity does not represent the quality of the products is high.Although the number of financial products issued by Chinese Banks is large,some of them have great risks and hidden dangers.On the other hand,the financial market regulatory system started late than the financial market,the development is relatively slow,the relevant laws and regulations system is not sound,in many places there are still gaps in the relevant laws and regulations,which indirectly contribute to the frequent problems in China's bank financial market.This paper selects the most representative and typical case of " fraudulent financial products " of China MinSheng bank Hangtianqiao branch as an example,and draws the corresponding conclusions through the analysis of the case.The former President of the hangtianqiao branch of China MinSheng bank,together with its vice President and financial brokers,forged official seals,used high yields to deceive members of the bank's high-end Jingzuan club,persuaded them to buy non-existent financial products,and was finally exposed and punished accordingly.This paper gives a comprehensive description and analysis of the "fake financial management" case of MinSheng bank,and analyzes the problems in the case,including loopholes in the bank's internal management mechanism,incomplete information disclosure system,inadequate supervision by external regulators and lack of risk awareness of investors.At the same time,corresponding measures are proposed to solve the problems.Internal management system,independent internal control department and information disclosure system should be improved.External regulators need to clarify the division of supervision and responsibilities.Investors need to improve their knowledge of investment and financial management.