Over the past year and a half, regulators have been adding to the consolidation of the campus mortgage market. The china newsnet survey found that most of the platforms have been out of the campus mortgage market consecutively, but some of the small ads for "paint the edges" targeted a lot of the university campusesShared bicycleEven small tanks and bathrooms in student dorms。
Make it a whole lot more
— schoolnet lending platform back and forth
“schools have explicitly banned any advertising related to school internet lending,” a beijing university student said。
The china news network visited some of the higher education institutions in beijing and found that it was indeed difficult to find any visible advertising or posters related to school network loans in the formal information columns (walls) on the campus. They've been strengthening their educationFinancial literacyEducation. At a higher education institution in beijing, sino-sino-sino-sino-sino-sino-sino-sino-sino-sino-sino-sino-sino-sino-sino-sino-sino-sino-sino-sino-sino-sino-sino-sino-sino-sino-sino-sino-sino-sino-sino-sino-sino-sino-sino-sino-sino-sino-sino-sino-sino-sino-sino-sino-sino-sino-sino-sino-sino-sino-sino-sino-sino-sino-sino-sino-sino-sino-sino-sino-sino-sino-sino-sino-sino-sino found that it was collaborating with a share-sino bank in a campaign entitled “financial knowledge at school” and that it was using banners to attract students。
Information about various student-oriented loans, which had been available on the internet, had also decreased. The survey found that the search for the “school loan” in the 100-degree bar would have appeared on the page “sorry, this is not open, according to the relevant laws and policies” and that all the posts in the “lift bar” were blocked from view。
If the words “school network loan” are included in the search engine, the search is based on the news and there is no advertising in some institutions or platforms。
According to huang shui, a professor at the institute of financial law of the central university of finance and economics, regulation has played a very positive role in withdrawing or transforming most internet financial institutions that used to serve as school loans, while a few have sought to work with licensed financial institutions to become campus lending institutions that have not yet entered and have received adequate warning。
School mortgages were one of the hot spots in 2016, when negative events, such as the subsequent exposure of violent collections, nudity loans, led regulatory agencies to “heavy punches” to address the phenomenon of school mortgages。
In 2016, the ministry of education, the silver chamber and other departments issued successive communications requiring them to increase their monitoring of the negative internet lending and to overhaul and restructure the campus lending system in accordance with the “suspension, transfer, correction, teaching and referral” approach。
In 2017, a number of departments sent a new letter calling for a overhaul of the lending operations of non-grid lending institutions for school students, such as the “job search loan” and the “training loan”. Recently, officials of the ministry of education made it clear that “no network lending institution will allow loans to be granted to university students”
As the level of regulation has gradually increased, the internet lending platform has successively withdrawn from the campus lending market. By the end of june 2017, there were 59 school loans nationwide. The platform chose to exit the campus lending market, of which 37 chose to shut down operations, accounting for 63 per cent of the total, while 22 chose to abandon campus lending and other operations, representing 37 per cent。
According to wang wei guo, professor at the university of political science and law of china, the regulatory bodies are operating frequently in order to protect both the financial order and the interests of students。
Take the side door
The campus shared a bicycle into a little loan ad. Land
At present, universities and universities have taken measures to prohibit advertising by various types of internet loans, non-licensed financial institutions. However, there are still small commercials for loans that are enslaved in campuses, hidden in location and in a very large number of volumes, with a large number of shared bicycles in the campus。
It was observed that a large number of shared bicycles were parked at the entrances of the university buildings, dormitories and canteens, and that almost every shared bicycle had a small advertisement on the loan. The ad was filled with the words “just an identity card, you can borrow a large credit card”, “no collateral, no jobs” and “if you want to borrow money, you and i have a deal”。
“not only shared bicycles, even small tanks in student dormitories, small compartments in the bathrooms, but very secretively, they've infiltrated our private lives,” a higher education student says。
The student believed that campus management still existed and should continue to be strengthened; shared bicycle companies should also take responsibility for the phenomenon and be able to tear or remove the advertisements when recycling them。
In addition, in mobile phone application shops, the chinese and chinese new network found that apps with the words “student loans” “school loans” were still available; in some online forums relating to internet loans, there were still loans for students and the use of “width” to replace “private loans” to prevent deletions。
Huang shui believes that, in addition to better school management and self-identification, there is still a need for local financial administrations, business administrations, administrative authorities, and even advertising authorities to work together. “but it is fundamental that the students themselves strengthen their sense of precaution and resist abusive loans.”。
High school students interviewed revealed that they were currently buying commodities using a staged platform. Although not called campus loans, huang shui believes that it is also a quasi-financial service for university students and that there is a need to strengthen regulatory regulation and to consider it with appropriate principles。
Promoting norms
- a number of commercial banks went to the campus loan market
Self-regulated issue of “blacking the side door and opening the main door” to allow commercial and policy banks access to campus loans after the market, chinese banks, construction banks, comptoir banks, business banks and qingtao banks have launched school loans for university students, ranging from $1,000 to $50,000。
It found that the application process for the campus loan product introduced by the above-mentioned banks remained complex in order to control risk. The relevant officials of the commercial bank indicated to the network that it was necessary to have a flow of water from the bank's debit card and that it would not be possible to apply for a loan if it had not been used; the business bank would also require a bank debit card and a series of materials, such as a student's letter of admission, a report card and school stamping documents。
According to yellowshock, the assessment of the credit status of university students cannot follow the traditional model of intelligence data, applying the latest big data wind control techniques and integrating the concept of inclusive finance. Schools and institutions should cooperate by providing consumer data on student school cards, internet-purchase data, etc., to help financial institutions assess students’ creditworthiness and better control risks. “this is a new opportunity for financial science and technology,” he said。
In the view of wang wei guo, a professor at the university of political science and law of china, school credit products that are allowed and promoted should be consistent with the four principles of long-term loans, low-interest loans, matching students ' ability to repay in the future with the aim of helping them to learn or finance innovative entrepreneurship, and strongly prohibit short-term loans, high interest rates and any student credit products that impose conditions for lending and debt recovery in a manner that infringes the human and personal rights of students。
Educating students is also, in the view of the yellow earthquake, an important part of regulating the market for school loans. He said that in life everyone could deal with finance. In the face of recurrent financial fraud, strengthening universal financial literacy education is essential. Financial education should be treated as a civic education for all, that is, “financial education starts with dolls”。
Wang wei advises students at higher education institutions that borrowing money to pursue a high consumption culture is not conducive to personality development and that the debt burden has a negative impact on students ' learning and mental health; if individuals or families are in distress, they can seek help from schools, society and the government. (china news network)
