The topic "Huabei and Jiebei are not allowed to lend money to college students" dominated Weibo's hot searches all day long.

The moment Wu Yi, who was studying in his second year of graduate school, accidentally hit the hot search, it was like a thunderbolt struck him. He quickly opened Huabei and took a look. Only then did he realize that his Huabei limit had been significantly reduced more than a month ago: from 31,300 yuan to the general basic limit of 3,000 yuan.

"It has been reduced by 10 times! No matter how you say it is lowered, it is lowered. I didn't even receive a reminder message! Will it be reduced from 3,000 yuan to 0 next time?" As a first-generation user of Huabei, Wu Yi felt disappointed, angry and upset.

On March 17, the "Notice on Further Regulating the Supervision and Management of Internet Consumption Loans for College Students" (hereinafter referred to as the "Notice") issued by the official website of the China Banking and Insurance Regulatory Commission mentioned that small loan companies are not allowed to issue loans to college students. Internet consumer loans. As one of the most widely influential Internet loan products, Huabei and Jiebei are operated by small loan companies. According to the spirit of the notice, Huabeijiebei’s small loan funds need to be withdrawn.

This has also triggered a controversy over whether Huabei and Jiebei will close the loan quota for college students. Huang Dazhi, a researcher at Suning Financial Research Institute, explained that judging from the specific provisions of the notice, it has not completely cut off the channels for credit products such as Huabei and Jiebei to serve college students. If its main body is changed to a consumer finance company, it will comply with the provisions of the "Notice". In September 2020, Chongqing Ant Consumer Finance Company was approved for establishment. If Huabei and Jiebei are converted into consumer finance companies.

On the other hand, if Huabei and Jiebei simply act as lenders and provide loan assistance and diversion services to licensed financial institutions, and the cooperative licensed institutions serve as the credit granting entities for users, they can still Serving college students.

Ant Group has not yet responded to the progress of the establishment of Ant Consumer Finance Company and the adjustment arrangements for Huabeijiebei to provide loans to college students.

In any case, for this generation of young people in school who are used to Huabei borrowing, a large-scale forced reduction has come, and their lives have also changed suddenly.

“Huabei is my financial management tool. My financial system has always been running very well.” Wu Yi was worried about the sudden drop in the Huabei quota from 30,000 to 3,000, just like An old friend who had been with him for a long time suddenly betrayed him.

He is the first generation user who has grown up with Huabei. In April 2015, not long after the two products of Huabei Jiebei were launched one after another, Wu Yi, who was still a senior in college, opened Huabei. After graduating from his bachelor's degree, he worked for two years and then passed the master's degree at a university in Shanghai, and his Huabei quota was also rising.

On the afternoon of March 18, Wu Yi negotiated with Alipay’s manual customer service regarding the reduction. During this process, customer service repeatedly said, "Huabei credit will be dynamically adjusted based on the repayment ability and willingness, and after a comprehensive systematic evaluation." However, in response to Wu Yi's repeated questions about evaluation standards and assessment details, customer service has never been able to provide any answers. Come up with measurement indicators.

Wu Yi still has not given up negotiations, and he still holds out hope of returning the 30,000 quota. "If it really doesn't work, I'll have to use my credit card again. There's nothing I can do about it if it's inconvenient." He sighed deeply.

Will Huabei and Jiebei have any substantive changes in their policies on granting loans to college students?

As for the impact after the issuance of Document No. 17, customer service informed: "We have not received relevant notifications about the closure of Huabei quota for college students. Huabei is a platform that provides you with a way to consume first and repay later. Whether financial service products can be used is systematically evaluated by financial service institutions. All current credit limits can be used normally. "Unlike Wu Yi, who has been exposed to credit cards, "I don't know what a credit card is. "Chen Cheng, a college girl, only imagined borrowing money from Huabei. When she was demoted, she felt a sense of relief while feeling disappointed.

In Chen Cheng's view, she is like a puppy trained by Alipay, with high loyalty.

“I have never used a credit card. When I first went to college and had additional consumption needs, Alipay appeared at the right time. At that time, I might have used a few hundred more.

Later, the limit given to me by Huabei became higher and higher, and my monthly debt would be close to 6,000 to 7,000 yuan. At this time, Alipay introduced new rules, and the minimum repayment amount was 10% of the total bill amount, so I spent money even more unscrupulously. "Chen Cheng said in his own words.

"When I found out that the limit had dropped to 3,000, I was both angry and happy. "Chen Cheng said that on the one hand, he felt that Alipay had unilaterally torn up the agreement, and it was hard for him to raise his credit score and limit so high. On the other hand, he finally had no excuse to buy randomly in the future.

Chen Cheng also told Jiemian News that one of her classmates once borrowed 20,000 yuan from Jiebei. After repaying the loan on time, the loan limit was suddenly increased to 100,000 yuan.

“It’s a bit like a trap. Once you taste the sweetness, you will fall deeper and deeper into it. These products constantly test our bottom line. "

Zhang Chao, who is deeply involved in online loans, is a living case.

"I started watching live broadcasts three years ago and spent 50,000 yuan in six months, all with credit cards. After swiping the credit card, I saw Huabei Borrowing, and I could get tens of thousands of dollars in just a few seconds, and I couldn't stop it from now on. "Zhang Chao said that he often demolished the east wall to pay for the west wall. In Jiebei, he borrowed money to repay the upper limit of 20 loans, until the monthly interest reached 3,000 yuan. Now the total amount owed is calculated , Jiebei owes more than 100,000, Weilidai owes more than 30,000, Ant Huabei owes more than 20,000, and the total debt of various online loan platforms is as much as 300,000.

"The banking finance. On the premise that risks are controllable, institutions can develop targeted and differentiated Internet consumer credit products. "After strictly prohibiting small loan companies and non-licensed institutions from providing credit services to college students, the "Notice" also "opens the door" to the reasonable credit needs of college students.

Then, banks, consumer finance companies and other institutions will After the small loan company exits and Huabei Jiebei implements derating adjustments, will it be "replaced"?

First, due to pressure from public opinion, they are afraid that "campus loans" will affect the company's reputation; second, because of the " Notice" stipulates that when issuing loans to college students, it is necessary to obtain written guarantee materials from a second repayment source (parents, guardians or other managers, etc.) who have the ability to repay the loan and are willing to repay on their behalf, and strictly control college student credit. Qualifications.

An executive from a consumer finance company in the northwest region said frankly: “Although we can do this business in compliance with regulations, we will not enter this field for the time being. The reason is that loans to college students require parental consent and are not suitable for the Internet model. "

Another executive of a consumer finance company in North China said that they will not consider launching Internet consumer loans for college students for the time being, mainly worried about the pressure of public opinion.

(Due to the interview At the request of the author, Wu Yi, Chen Cheng and Zhang Chao are pseudonyms in this article)