Core Viewpoint - The financial regulatory authorities in China have issued a warning regarding illegal "proxy rights protection" activities conducted through short videos and live broadcasts, which mislead financial consumers and investors into paying high fees under the guise of legal rights protection [2][8]. Group 1: Characteristics of Illegal "Proxy Rights Protection" - These short videos and live broadcasts falsely claim that "regulatory authorities have new policies," spreading misleading information about "full refund of insurance," "debt clearance," and other financial services, confusing consumers [3][9]. - They also falsely assert that financial institutions are offering activities such as "full refund of insurance" and "debt restructuring," using visuals of financial institutions to enhance credibility [4][10]. - Many of these broadcasts present themselves as "professional legal consultations," misleading consumers with claims of easy debt resolution and high refund amounts, while often being operated by non-legal entities [4][10]. - Additional provocative language is used to attract investors, such as claims about stock market losses and financial scams, encouraging them to engage with "proxy rights protection" organizations [4][10]. Group 2: Regulatory Response and Consumer Guidance - The financial regulatory authorities emphasize that claims like "full refund of insurance" and "debt restructuring" are false and do not comply with financial laws, urging consumers to verify information through official channels [5][11]. - Consumers are warned to be cautious of "proxy rights protection" scams, which may lead to high service fees and potential legal issues if they attempt to withdraw from these agreements [5][12]. - The authorities encourage consumers to report any illegal activities related to "proxy rights protection" to the relevant regulatory bodies, highlighting the importance of maintaining a clear and lawful financial market [6][13].