With the rapid development of financial technology, Internet financial credit products such as Huabei and Baobei have emerged, providing consumers with convenient and flexible lending channels. Recently, the news about the "big reform" of Huabei and borrowing has spread far and wide, and many users have reported that their credit limit has increased significantly, which has aroused widespread attention and discussion. 
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. In order to understand this phenomenon in depth, we first need to understand the working mechanism behind these Internet credit products. As two representative financial products of Ant Group, Huabei and Borrower rely on strong data analysis capabilities and risk control technology to provide users with instant consumer loans and cash loan services. A user's credit limit is usually dynamically adjusted based on their historical transaction data, repayment behavior, and overall credit score. 
The so-called "big reform" may involve the following aspects: first, Ant Group may have optimized the algorithm model to make the credit assessment of users more accurate, so that the credit limit of some users has been improved; the second is to respond to the adjustment of relevant financial policies and take the initiative to increase user credit to stimulate consumption; The third is to take into account the market competition situation, and enhance the attractiveness and user stickiness of the product by increasing the quota. For users, the increase in the limit means greater borrowing space and spending power. However, this does not mean that these credit products can be used without moderation. Rational consumption and living within your means are the basic prerequisites for using any credit product. Spending blindly can not only lead to personal credit damage, but also financial difficulties due to excessive debt. 
Here, we recommend that users should plan their personal finances reasonably and use credit payment tools prudently to avoid unnecessary burdens caused by impulsive spending. At the same time, for the platform, although increasing the quota can attract customers in the short term, in the long run, it is necessary to strengthen user education and guide users to establish a correct concept of financial consumption, so as to ensure the healthy development of products and the stability of the market. The "big reform" of Huabei and borrowing and the resulting surge in quota are not only the embodiment of the development of financial technology, but also the result of changes in the market environment. In this regard, both platforms and users need to start from themselves, make reasonable use of technological dividends, and jointly maintain a healthy and stable financial market environment. It is worth reminding that no matter how policies change and how technological innovation develops, users should adhere to responsible lending behavior, prudently assess their financial status and repayment ability, and avoid personal credit crisis caused by excessive reliance on credit products. In terms of platforms, it is necessary to continuously optimize the risk control model and strengthen transparency and compliance in order to remain invincible in the fierce market competition.