从日本投资者适当性管理制度看投资者保护

Investor Protection and the Sale of Financial Products in Japan

在金融产品的开发和销售过程中,对风险进行适当分配是金融资本市场发展过程中的重要课题。作为考量风险分配方法的因素,如何有效保护投资者是重中之重。本文围绕日本的特定投资者制度,着重介绍日本市场在销售金融产品和签订合同时采用的投资者保护框架,以及对中国投资者管理制度的启示。

In the development and sales of financial products,proper allocation of risk is a key issue.Protecting investors is the top priority in considering risk allocations.This article focuses on the investor protection framework adopted by the Japanese market and how it relates to the sale of financial products and the signing of contracts.It also looks at how it might be applied to China’s investor management system.