On The Perfection Of The Legal System Of Regulation Of The Commercial Bank’s Personal Financing Business In China

Commercial bank’s personal financial services rapidly developed in China. Atthe same time, all kinds of problems and disputes exposed, which included regulationnot in place, overlapping regulatory functions, inadequate protection of customers’interests, soliciting deposit with high interest rates by various financial products.These acts have prevented the healthy development of the commercial bank personalfinancing business, hindered the protection to the financial customers, and influencedthe financial stability of China. To solve these problems, based on the developmentstatus of China’s commercial bank personal financing business, the thesis will analyzeand discuss the legal supervision and administration institution to the personalfinancing business taking the issuing procedural of personal financing business as themain analysis line, and try to propose some proposal to consummate the legalsupervision and administration institution of personal financing business in China.This paper consists of altogether four parts:In Chapter One, there is a general overview of the issues of the personal financialservice in commercial bank, the history of the development of the personal financialservices in commercial bank, and the list of the concepts of personal wealthmanagement business inside commercial bank for indicating the types of the personalfinancial services in commercial banks at home. Subsequently, the thesis put forwardthe theoretical framework of the regulation, the analysis and explanation of thenecessity of the personal financial services, and the discussion about the type ofregulatory approach, as well as supervision type of the personal financial service incommercial bank in China.Based on the first part, the second part analyzes the legal supervision status ofChina’s commercial bank personal financing business, and points out and analyzes theproblems in the supervision institution under the separated supervision model,including but not limited: the unclear legal nature, the imperfect market accessstandard, the insufficiency information disclosure.Chapter Three introduces the supervision of personal financial services in foreigncountries, including the United States, Australia and UK. The author takes theregulatory model of the two countries for example, then gets a general summary,attempting to extract an revelation to personal financial services in commercial banks in China.Chapter Four is the last part of this thesis, combining the content of the secondand third part, coming to a conclusion that, in according to improve the supervision ofthe commercial banks in China, the regulatory should adhere to the currently separatesupervision model, strengthen the contact and coordination of each regulatory. At last,based on the issuing procedure of personal financing business, combing the China’ssupervision status with the experience out sea, this thesis propose some suggestions toperfect our supervision institution of personal financing business, including: to clearthe legal nature, to clarify the market access standard, to perfect the finance escrowsystem, to set up the information disclosure institution under the same supervisionstandard, etc.