2012•Technoeconomics & Management ResearchRequires access

Explore to Protect Financial Consumer Rights

GU Qi-yin

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Abstract

With Chinese financial market development,the financial dispute has been increased,but the legal protect for financial customer is still a blank.Because of lack of financial knowledge and supervise,financial customers are in unadvantaged position and once financial dispute has happened,we have no way to complain.So we should take example by American,England,Australia's explore in financial customer protect.Our country should protect financial customer who are in weak position in terms of legislation,regulation,education and so on to ensure their right to know,privacy right,claim right.As for financial institutions,we should strengthen its duty and responsibility and make financial institutions to provide financial product more standardization and humanization.And protecting financial customer is good for maintaining financial market prosperity and stability and prevents financial crises.

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What this paper is about

With Chinese financial market development,the financial dispute has been increased,but the legal protect for financial customer is still a blank.Because of lack of financial knowledge and supervise,financial customers are in unadvantaged position and once financial dispute has happened,we have no way to complain.So we should take example by American,England,Australia's explore in financial customer protect.Our country should protect financial customer who are in weak position in terms of legislation,regulation,education and so on to ensure their right to know,privacy right,claim right.As for financial institutions,we should strengthen its duty and responsibility and make financial institutions to provide financial product more standardization and humanization.And protecting financial customer is good for maintaining financial market prosperity and stability and prevents financial crises.

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Available abstract

With Chinese financial market development,the financial dispute has been increased,but the legal protect for financial customer is still a blank.Because of lack of financial knowledge and supervise,financial customers are in unadvantaged position and once financial dispute has happened,we have no way to complain.So we should take example by American,England,Australia's explore in financial customer protect.Our country should protect financial customer who are in weak position in terms of legislation,regulation,education and so on to ensure their right to know,privacy right,claim right.As for financial institutions,we should strengthen its duty and responsibility and make financial institutions to provide financial product more standardization and humanization.And protecting financial customer is good for maintaining financial market prosperity and stability and prevents financial crises.

Key concepts: Business, Finance, Indirect finance, Position (finance), Prosperity, Financial regulation, Financial market participants, Financial ratio

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