Yunfei Shang Claimed

FinTech, Payments and Investor Protection

Yunfei Shang advises financial institutions, payment platforms and investors in Wuhan on money-market fund distribution, digital payment compliance and the disclosure obligations that protect consumers in online finance.

Mr. Shang practices at Wuhan Hexin Law Firm in the Wuchang District. He earned his degree from Zhongnan University of Economics and Law and was admitted to the bar in 2016. His practice sits at the intersection of securities law, payment regulation and consumer protection, and he has advised on the legal structure of internet finance products sold through third-party platforms.

Disclosure Obligations for Fund Products

Money-market funds sold through digital platforms must comply with the disclosure obligations set out in China's Securities Investment Fund Law. Fund managers and sales platforms are required to provide investors with complete and accurate information about the nature of the product, the risks involved and the terms of the investment, so that investors can make an informed judgment.

Mr. Shang reviews marketing materials, platform interfaces and risk disclosure statements for compliance with these requirements. A recurring issue in the industry is the emphasis on high yields without adequate disclosure of the risks that a money-market fund carries, including interest rate risk, credit risk and liquidity risk. Unlike a bank deposit, a money-market fund does not guarantee returns, and marketing that suggests otherwise can mislead consumers and expose the platform to regulatory and civil liability.

"Fund managers and fund custodians shall disclose fund information in accordance with the provisions of this Law and the fund contracts, and shall ensure the truthfulness, accuracy and completeness of the disclosed information." — Securities Investment Fund Law of the People's Republic of China

Payment Platform Compliance

Mr. Shang also advises on the regulatory framework for third-party payment institutions, including licensing requirements, customer fund custody rules and the obligations of platforms that intermediate between consumers and financial products. He helps clients assess whether their product structure requires a payment license, whether customer reserve funds are held in accordance with regulations, and how to respond when regulators flag compliance gaps.

• Risk disclosure and marketing compliance for fund products
• Payment institution licensing and customer fund custody
• Investor complaints and dispute resolution
• Compliance reviews for internet finance platforms

Working Approach

Mr. Shang tailors each engagement to the client's product structure and risk profile. He prepares written compliance assessments, coordinates with regulators where necessary, and provides practical guidance that balances regulatory requirements with commercial objectives. Communication is available in Chinese and English for international clients.