BEIJING, Nov. 21 -- Chinese authorities have vowed to put in place a multi-pronged mechanism for financial dispute resolution to protect legitimate rights and interests of financial consumers and prevent and defuse financial risks, according to an official directive.
Jointly issued by the Supreme People's Court, the People's Bank of China and the China Banking and Insurance Regulatory Commission, the directive aims to promote the sustainable and healthy development of the financial sector.
It stipulates that civil and commercial subjects with equal rights can apply for mediation by financial dispute mediation organizations in disputes over contractual and tort liabilities arising from financial business.
As per the directive, an agreement between parties to a dispute that is reached through mediation presided over by financial dispute mediators shall have the nature of a civil contract.
If a party refuses to fulfill a mediation agreement, of which validity has been affirmed by a people's court, the other party may apply for compulsory execution by a people's court, says the directive.
According to authorities, the Supreme People's Court, the People's Bank of China and the China Banking and Insurance Regulatory Commission will jointly establish the working group of the multi-pronged mechanism for financial dispute resolution to guide and coordinate work related to mechanism building.
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GMAT写作模板句型200句(18)
GMAT写作范文23篇(各个领域间的交流)
GMAT写作高分的两个注意事项
GMAT写作模板句型200句(14)
GMAT写作方法及参考范文(三)
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GMAT写作范文23篇(公司利益与服务社会)
GMAT写作范文23篇(新与旧)
GMAT写作范文(五)
GMAT写作方法及参考范文(四)
GMAT写作模板句型200句(2)
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GMAT写作模板:统一与分歧(5)
GMAT写作:满分作文必备模板(一)
GMAT写作模板:统一与分歧(1)
GMAT写作范文23篇(不同领域间的交流)
GMAT写作范文23篇(少数和多数)
GMAT写作模板句型200句(1)
剖析GMAT作文的结构:骨与肉
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GMAT写作范文23篇(理想和现实)
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GMAT写作模板句型200句(15)
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