A Study of the Financial Dispute Resolution Mechanism in Hong Kong and the Implications for the Mainland
DOI:
https://doi.org/10.54097/fbem.v8i2.6367Keywords:
Hong Kong, Financial disputes, Operational procedures, Mediation Centre, ADR mechanism, Lessons learned.Abstract
The establishment of the Hong Kong Financial Dispute Resolution Centre (FDRC) has both enhanced the recognition of Hong Kong financial consumers and increased the dynamism of the Hong Kong financial market. As a new model of financial dispute coordination, this article takes this mediation institution as an example and introduces the operation process of the FDRC in detail, and accordingly briefly introduces the current development of financial dispute resolution in mainland China. On the basis of analyzing the shortcomings revealed in the operation of the financial mediation centre in China's mainland, which are currently in their infancy, this article draws on the relevant practices in Hong Kong, takes the essence of them and combines them with the actual situation in the region, in the hope that It is hoped that it will provide reference for the construction of a diversified and facilitated financial dispute resolution mode in the mainland.
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