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2026-11-02 12:46:25
[Draft Financial Law Enforcement Expands on Financial Consumer and Investor Protection] The draft Financial Law of the People's Republic of China was submitted to the 25th session of the Standing Committee of the 14th National People's Congress for its second review on November 2. The second draft expands on financial consumer and investor protection and adds targeted provisions for internet marketing and other activities. The draft adds provisions stipulating that providers of financial products and services must set fair and reasonable trading conditions and must not use standard clauses to exclude or restrict the rights of financial consumers and investors, reduce or exempt themselves from liability, or increase the liability of financial consumers and investors in an unfair or unreasonable manner. Marketing entities of financial products and services must strengthen customer suitability management, understand customers' circumstances as required, truthfully explain the content of financial products and services, fully disclose risks, and provide financial products and services that match the customer's situation. (Xinhua News Agency)
