Optimizing the Progression of Financial Rights Protection for the Rural Elderly Abstract:

Abstract

Safeguarding the financial rights of the rural elderly population is the right thing to do to consol - idate the achievements of poverty eradication and adapt to the financial development of an aging society, and is also a concrete manifestation of Xi Jinping’ s thought on the rule of law. Under the unified promotion of rural finance and elderly finance, the disadvantaged position of the rural elderly population has become increasingly prominent due to the differences in resource endowment and the constraints of information asymmetry. The ‘double-order violation’ of the positive and negative dimensions further increases the institu- tional cost of redressing the rights of the rural elderly. Through social stratification theory and game theory, it is possible to identify the causes of the weakness of financial rights protection for the rural elderly and the need for appropriate government intervention. Based on overseas experience in rural financial development, we can promote the identification of the financial rights of the rural elderly, clarify the boundary between the government and financial institutions, innovate the supervision mode of rural financial institutions’ business related to the elderly, and provide avenues of redress for the financial rights of the rural elderly as a way to optimize the protection of the financial rights of the rural elderly in China.