Chinese Government Sets the First National Regulatory Framework to Protect Financial Consumers

Guiding Opinions on Strengthening Financial Consumer Rights and Interests Protection Issued 《关于加强金融消费者权益保护工作的指导意见》国办发〔2015〕81号).   On November 4, 2015, China’s State Council publishes the Guiding Opinions on Strengthening the Protection of Financial Consumer Rights and Interests (the “Guiding Opinions”) Policy Purpose Set to regulate the provisions of financial products and services of relevant financial institutions with the…