Regarding the topic of "comprehensive reform of borrowing, as long as the user is overdue, the remaining loans will be fully recovered", this has sparked a wide range of discussions in the society. First of all, we need to understand that what is the essence of the problem? 
As a credit product of Ant Financial, a subsidiary of Alibaba, Borrow, has always been loved by users for its convenience, fastness, unsecured and unsecured characteristics. However, no financial product, no matter how novel its form, cannot violate the basic economic laws of risk and return. Therefore, it is the most basic obligation and responsibility for borrowers to repay their debts on time. But there are many netizens who said that it doesn't matter if it's closed, anyway, the amount given is not high, and now many people have used Jinbei on WeChat*** to replace Huabei to borrow, and the amount given is high and convenient. 
Recently, there have been rumors that the borrower will be overhauled, and once the user is overdue, the remaining loan will be fully recovered. On the surface, this statement seems to be a punishment for borrowers, but in essence, it is a reinforcement of credit risk control. We know that financial institutions need to conduct credit assessments on borrowers to ensure that borrowers have the ability to repay their debts on time when conducting loan business. In practice, due to various reasons, there will always be a part of the borrower who is unable to repay the debt on time, which forms a bad debt. For financial institutions, bad debts not only mean the loss of funds, but also affect the normal operation of their business. 
For financial institutions, how to effectively control the bad debt rate has become an important issue in their business operations. And this reform is to solve this problem. By increasing the intensity of overdue loans, the bad debt rate can be reduced to a certain extent and the capital security of financial institutions can be guaranteed. This does not mean that if it is overdue, it will result in the remaining borrowings being fully recovered. This practice will undoubtedly increase the operating costs of financial institutions and increase the repayment pressure of borrowers. Therefore, in general, financial institutions will adopt different collection strategies according to the specific situation of the borrower. The purpose of this reform is to better control credit risks and protect the capital security of financial institutions. For borrowers, it is also necessary to pay more attention to their credit status, repay debts on time, and avoid affecting their credit history due to overdue. 
Here, we also call on all borrowers, no matter what kind of financial products they use, to establish a good sense of credit and repay their debts on time, which is not only a respect for financial institutions, but also a responsibility for themselves. At the same time, we also hope that financial institutions can publish their business rules more openly and transparently, so that borrowers can better understand and use financial products, and jointly promote the healthy development of the financial market.