Research on the Development of Consumer Finance in China

With economic expansion having moderated to a "new normal" pace, "expanding domestic demand, raising consumption "has become an important engine to promote the development of new economy. The healthy development of consumer finance plays a very important role in accelerating the development of the new supply and new impetus for the formation of China's economic development. This paper elaborates the development of China's major consumer financial services institutions, and analyzes the existing problems in the development of consumer finance in risk control, the source of funds of financial institutions and the protection of consumers' rights and interests. At last, the paper puts forward some suggestions on promoting the healthy development of consumer finance, these suggestions include improving the credit system and cultivating good social credit, Using technology and financial innovation and strengthening Supervision and protection of consumer rights.