Study on the Legal Risk of Financial Products in Chinese Commercial Banking Industry

In recent years, with the sustained and rapid economic growth, the residents' income has been rapidly increasing, financial and investment will continue to enhance. Our financial market is a booming trend. However, compared with other mature market countries, the wealth management market in China started late, therelevant laws and regulations are lagging behind, investor self-protection awareness is relatively weak. Legal disputes on financial products occurred frequently, and these legal risks seriously hindered the healthy and rapid development of China'scapital market. Therefore the analysis of the legal risk of financial products is pretty necessary.