w88 casino News Network (provided by the Law w88 casino)In order to better promote the construction of the credit system in the home decoration industry and the innovation of the consumer rights protection mechanism, the w88 casino of Law of the w88 casino and the Consumer Protection Law Research Center held the "Academic Seminar on Home Improvement Fund Depository and Consumer Rights Protection" on November 9. Experts from the Consumer Rights Protection Law Research Association of the China Law Society, China Applied Law Institute of the Supreme People's Court, China Consumers Association, China Real Estate Association, China Interior Decoration Association, China University of Political Science and Law, w88 casino, Beijing Technology and Business University, Beijing University of Architecture and Architecture, Beijing No. 3 Intermediate People's Court, Beijing Lawyers Association, Beijing Commerce Law Firm and other units participated in this seminar.
This seminar aims to bring together the wisdom of academia and industry to discuss the legal basis, practical path and industry value of the innovative model of home improvement fund depository, and provide theoretical support and practical guidance for building a trustworthy home improvement consumption environment.
Home decoration consumption is an important part of residents’ consumption and a direct reflection of people’s needs for a better life. The traditional home improvement model of "pay first and accept later" can easily lead to consumers facing difficulties such as evaporation of funds, unfinished projects, counterfeiting, etc. It also faces the risk of high rights protection costs, which seriously inhibits the willingness of home improvement consumers to consume. In response to this stubborn problem, some leading companies in the industry are exploring the introduction of commercial banks as independent fund depositories, and innovatively launched the "acceptance first, payment later" fund custody model.
The research team of Professor Su Haopeng, director of the Consumer Protection Law Research Center of the w88 casino, conducted an in-depth study of this fund depository model and released the "Research Report on Decoration Fund Depository in the Home Decoration Industry" at an academic seminar. The report systematically elaborated on the operating mechanism, legal structure and multi-party rights and responsibilities of the home decoration fund depository mechanism. Through comparative analysis with the traditional model, it deeply explained the core value of the fund depository mechanism in protecting consumer rights and reshaping industry trust.
Zhang Chao, head of legal affairs of Beike Complete Equipment, said that the fund depository mechanism is a mature solution to the risk of "fund-service time mismatch" in transactions, and is in line with the core values of contract law and consumer protection law. At present, the practical effect of the capital depository mechanism has been initially verified in the market. So far, Beike's Quilt Package and Shengdu Package fund custody services have covered 33 cities across the country, including Beijing, Shenzhen, Wuhan, Nanjing, and Zhengzhou, and have provided a total of approximately 3 billion yuan in financial security for more than 20,000 households, winning widespread praise from consumers.
After thorough discussion, experts at the meeting believed that the decoration fund depository mechanism is a major breakthrough in credit construction in the field of home decoration, and is a comprehensive credit solution that integrates fund supervision, node control, and rights protection. This mechanism ensures that funds are "dedicated, transparent and verifiable", transforming consumers from passive payers into active supervisors with "payment control rights", effectively curbing industry chaos such as misappropriation of funds, unfinished projects, and cutting corners, safeguarding the rights and interests of consumers, and improving the consumption environment in the home improvement industry.(Written by: Su Haopeng Reviewed by: Li Huanhuan)
