According to the news on the website of the China Banking and Insurance Regulatory Commission on September 18, the principals of the Consumer and Insurance Bureau of the China Banking and Insurance Regulatory Commission and the Consumer Insurance Bureau of the People’s Bank of China reiterated that there are no high-return, low-risk financial products, and high returns mean high risks. "High yield" is financial fraud.
"Capital preservation and high yield" is financial fraud
In order to effectively improve the quality of financial consumers and effectively prevent and resolve financial risks, the People’s Bank of China, the China Banking Regulatory Commission, the China Securities Regulatory Commission and the State Cyberspace Administration of China jointly launched the "Financial Knowledge Popularization Month Financial Knowledge Entering Ten Thousands of Financial Knowledge and Striving to Be a Rational Investor" in September. "Finance Good Netizens" activities.
Expected results of this year’s event:
The first is to enhance the financial literacy and risk prevention awareness of urban and rural residents.
It is hoped that through financial publicity and education, the level of financial knowledge and financial risk prevention awareness of urban and rural residents will be continuously improved, so that the broad masses of people will understand that there are no financial products with high returns and low risks. "Profit" is financial fraud.
The second is to strengthen the awareness of the rule of law and the spirit of contract.
When purchasing financial products, consumers should read the contract carefully, understand their rights and obligations, and be cautious about contract signing, risk assessment and confirmation. They should not sign with their eyes closed, and they should not be allowed to sign on their behalf.
The third is to guide consumers to establish rational investment and value investment concepts.
We should clarify our own needs and available funds, and invest as long as possible. It is not advisable to pursue "quick money" blindly, but also to understand "not putting eggs in one basket" to appropriately spread risks.
In practice, financial products that promise to guarantee the principal’s return rate of more than 6% will have a question mark, more than 8% will be very dangerous, and more than 10% will be prepared to lose all principal.
In terms of the focus of publicity, we pay attention to the knowledge promotion of new Internet products, such as mobile phone broken screen insurance and aviation delay insurance.
These products are characterized by small transaction amount, high frequency, scene-oriented, and easy to cause consumer disputes or complaints.
In addition, affected by the new crown pneumonia epidemic, the situation in the international financial market is more complex and changeable, and financial consumers should further enhance their investment risk awareness.
Deposits are protected by law
According to media reports, since last year, there have been rumors in certain areas that led to centralized withdrawals.
In this regard, the relevant person in charge stated that small depositors in certain areas, especially those in underdeveloped areas and residents with weak financial knowledge, have been affected by rumors or instigated blind obedience due to lack of financial knowledge, and unnecessary centralized withdrawals have occurred. And most of them are elderly.
Some people listen to the rumors, do not accept persuasion and explanation, and even prefer to resolutely withdraw the interest on their fixed deposits if they lose.
Therefore, this year we have stepped up efforts to popularize financial knowledge in remote and backward areas with fragile financial ecology, strengthen positive guidance, explain policies and explain to the masses, improve the masses’ awareness and ability to identify and prevent illegal activities, and let the masses understand the impact of deposits. The principle of legal protection effectively protects the legitimate rights and interests of financial consumers.
At the same time, we remind the general public that they should not believe in rumors or spread rumors, and trust the authoritative information released by the authorities to avoid unnecessary economic losses.
Choose four "regular" to protect your rights
One is that consumers should choose formal licensees.
Attention should be paid to checking whether relevant institutions have business qualifications to prevent illegal financial activities.
Regulatory authorities will also increase the supervision of licensed financial institutions, regulate the behavior of financial institutions, and strengthen the supervision and management of the protection of the rights and interests of financial consumers.
The second is to choose regular sales channels.
Consumers must receive financial services at regular business premises and purchase products through official online and offline channels of financial institutions. The audio and video recordings must be recorded.
The third is to choose regular employees.
Financial consumers should pay attention to checking the financial qualifications of sales service personnel to prevent fraud risks.
Be vigilant against unidentified phone calls, links, and email sales.
Do not provide personal information and financial account information at will, do not easily click on unknown links, and do not transfer money to unknown third parties.
The fourth is to report problems through formal complaint channels.
After consumers discover that their rights and interests have been infringed, they can report the problem through the complaint channels of financial institutions or regulatory authorities, and reasonably protect their rights and interests in accordance with the law.
Pay attention to preventing secondary infringements caused by "agent complaints" and "agent surrender". The China Banking and Insurance Regulatory Commission has issued "Reminders on Preventing "Agent Cancellation" Risks", which reminded consumers of frauds, frauds, Risks such as personal information leakage.
Source: China Banking and Insurance Regulatory Commission, China Securities Journal