在方法论方面，该书真实反映了校园贷多元治理研究中问卷设计、问卷录入、图表制作、数据对比、案 例再现、线上线下（300959）研讨、实地走访等研究方法和调查方法的科学运用，为类似国情调研项目 的开展提供了可资借鉴的应用工具。 "常见的校园贷平台有哪些""蚂蚁花呗、京东白条是校园贷吗""校园贷的本质属性是什么""校园贷监管 政策必须采取'一刀切'吗"……在专业性方面，该书科学界定了校园贷概念，揭示了校园贷的金融本 质，从金融监管法律视角给出了专业的理论分析。值得一提的是，书中对金融监管部门的"一刀切"叫停 政策进行了深刻反思，对现行"开正门 堵偏门"政策展开了详尽解读。 "如何判断校园贷利率的合法性""国家针对校园贷有专门立法吗""校园贷监管的基本逻辑是什么""法院 能也能主导校园贷多元治理吗"……在创新性方面，该书立足于"数字金融+普惠金融"双重理念，结合校 园贷市场发展和金融体制改革最新动向，围绕校园贷平台与银行业金融机构的业务创新与合规治理展开 了系统性研究，积极推动校园贷监管立法与执法手段创新，依法保护校园贷双方合法权益。 "借给同学身份证和手机的后果真的很严重吗" "如何识破花样翻新的校园贷欺诈陷阱"" ...

以下文章来源于米宅 ，作者兴兴还是旺旺 米宅 . 专注于房产和财经领域的行业分析、城市发展、产业前沿、一线调研等，持续输出优质内容，和米宅一 起，保卫资产，穿越周期！ 作者： 兴兴还是旺旺 来源：米宅 " 贷一千，还别墅 "的噩梦 ， 正在卷土重来！ ------------------------------ 最近， 财联社一则" 借款13万却要还近1300万 "的报道，撕开了一个新型金融陷阱的恐怖面目。 叶女士只是借了13万，并通过住房租赁公司出租了名下一套空置房，短短一年半时间，债务竟利滚 利到近1000万元，名下近千万的房产也被迫抵押。 更令人胆寒的是，是 这家 持有官方备案证书、缴纳监管资金、资质合规 的 住房租赁公司 ，背后 做的竟是黑产生意 ！ 很多人都会有出租房屋的需求，而很可能，当你签下那份藏着魔鬼条款的《房屋托管合同》，你的 房子就不再是你的避风港，而成了他们用来合法榨干你全部身家的核心工具。 这种骗局，比普通的套路贷更狡诈、更 可怕 ，直接瞄准了普通人安身立命的根本 —— 房子 。 01 2023年11月，叶女士 急需资金周转却屡遭银行拒绝。 就在这时，她 接到了自称与"金融管理部门"合 ...

Core Viewpoint - The company, 港仔机器人, has issued a profit warning indicating an expected increase in net losses for the upcoming interim period, primarily due to share-based payment expenses and losses from the sale of subsidiaries [1]. Financial Performance - The company anticipates a net loss attributable to shareholders of approximately HKD 59 million for the six months ending September 30, 2025, compared to a loss of about HKD 32.7 million for the same period in 2024 [1]. - The increase in losses is attributed to share-based payment expenses of approximately HKD 17.6 million and a net loss of about HKD 4.7 million from the sale of subsidiaries [1]. - After excluding the impact of share-based payments and subsidiary sales, the adjusted loss for the interim period is expected to be around HKD 36.7 million, a slight increase of approximately HKD 4 million compared to the previous year's adjusted loss of HKD 32.7 million [1]. Company Background - 港仔机器人集团控股有限公司 was established in Bermuda and listed in 1996, primarily engaged in international air and sea freight forwarding, logistics services, and trading of securities and commodities [1]. - The company has been expanding its financial services, including financing leasing in China since July 2015 and plans to develop its lending business in Hong Kong [1]. Stock Performance - The company has reported continuous losses since 2018, accumulating a total loss of HKD 740 million over seven years [2]. - The stock price has been on a downward trend since its second year of listing, reaching a record low of HKD 0.073 per share in September last year [2]. - Despite a brief surge in stock price to HKD 1.92 per share on June 9 this year, the upward momentum could not be sustained [2]. - As of November 20, the stock price has declined by 4.90%, trading at HKD 0.97 per share [3].

Financial Data and Key Metrics Changes - Gross profit grew 18% year over year to $2.66 billion, accelerating from 14% growth last quarter [6] - Adjusted operating income was $480 million, with adjusted operating income margins at 18% [13][15] - Adjusted EBITDA was $833 million in the third quarter [13] - Full-year guidance for gross profit is set at $10.243 billion, reflecting over 15% year-over-year growth [15] Business Line Data and Key Metrics Changes - Cash-up's gross profit grew 24% year over year, with primary banking actives increasing 18% to 8.3 million [7][8] - Square's gross profit grew 9% year over year, with GPV growing 12% [8] - Cash-up's gross profit per monthly transacting active grew 25% year over year to $94 [7] - New products like post-purchase buy now, pay later reached $3 billion in annualized originations [7] Market Data and Key Metrics Changes - GPV from sellers above half a million dollars in volume grew 20% year over year [11] - International markets saw GPV growth of 26% year over year [11] - Cash-up's inflows per active grew 10% year over year [23] Company Strategy and Development Direction - The company is focused on connecting sellers and consumers at scale, delivering AI tools to sellers, and making selling easier with integrated solutions [9][10] - The strategy includes leveraging Cash-up's network to enhance seller visibility and engagement [9] - The company aims to expand its lending products while maintaining healthy risk loss rates [39] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's ability to navigate macroeconomic conditions, with strong performance indicators observed in Q3 and October [55] - The company expects to deliver its strongest NVA performance ever in 2025 through expanding field sales and targeted marketing [11] - Management highlighted the importance of product innovation and customer engagement in driving future growth [40] Other Important Information - The company repurchased approximately $1.5 billion of stock this year and intends to continue returning capital to shareholders [14] - The Bitcoin mining business, Proto, generated its first revenue, indicating potential for future growth [12] Q&A Session Summary Question: Progress on Cash-up active growth and network density - Management reported strong progress with 58 million monthly actives in September, with continued acceleration in growth [20] Question: Field sales team productivity and GPV contributions - The field sales teams have shown strong paybacks and are expected to continue scaling, contributing to GPV growth [28][30] Question: Concerns about credit quality of borrow products - Management emphasized the importance of AI and ML in underwriting, maintaining healthy risk loss rates while expanding borrow [39][41] Question: Growth drivers for Cash-up beyond borrow - Management highlighted the ecosystem approach, with diverse products driving durable growth [46][48] Question: Competitive momentum and pricing environment - Management noted strong performance against competitors, with no significant pricing changes impacting the business [66][70] Question: Unique opportunities with Afterpay - Management discussed strong growth in Afterpay, particularly with post-purchase offerings, and plans for further expansion [75]

Core Insights - The article highlights the rising trend of "renting machines for cash" schemes, which are leading to significant financial distress for individuals involved [1][2][3] Group 1: Case Studies and Statistics - A case study of a woman named Jiang illustrates how she was lured into a "renting machines for cash" scheme, resulting in a debt of 420,000 yuan after initially cashing out over 140,000 yuan [1] - The article notes that since 2018, various platforms have been using illegal lending practices disguised as machine rentals, with over 100 such platforms identified and millions of registered users, primarily targeting university students [2] - In July 2024, a significant illegal lending case in Shanghai was reported, involving 15 arrests and over 20 million yuan in illicit funds [2] Group 2: Common Tactics and Risks - The article outlines four common tactics used in "renting machines for cash" schemes: high-interest packaging, hidden costs, misuse of personal information, and aggressive debt collection methods [3] - High-interest rates are often disguised as "premium rent" or "service fees," allowing lenders to circumvent regulatory limits on borrowing costs [3] - Consumers are advised to be cautious of marketing phrases like "0 down payment" and "low monthly rent," and to verify the legitimacy of lending institutions before engaging in any contracts [3]

Core Insights - LG Electronics India had a remarkable stock market debut, listing at a 50% premium to its issue price of 1,140 rupees per share, marking the best listing for a billion-dollar Indian IPO since Eternal in 2021 [1] Group 1: Recent Billion-Dollar IPOs in India - SBI Cards and Payment Services debuted in March 2020, sliding about 13% due to COVID-19 pandemic concerns [1] - Eternal, formerly known as Zomato, listed in July 2021 at a premium of 51.3%, achieving a valuation of approximately $13 billion [2] - One97 Communications, the parent of Paytm, had a poor debut in November 2021, listing at a 9% discount and closing 27% below its offer price due to profitability concerns [3] - Life Insurance Corporation of India debuted in May 2022, with shares sliding nearly 9% amid market volatility and competition concerns [4] - Hyundai Motor India, in October 2024, saw shares fall 1.5% on listing due to a lukewarm reception and valuation concerns [5] - Swiggy listed in November 2024 at a 5.6% premium, indicating growing investor confidence in the food delivery segment [6] - NTPC Green Energy's shares jumped 14% on debut in November 2024, driven by investor optimism regarding clean energy needs [7] - HDB Financial Services, in July 2025, jumped about 13% on listing, achieving a valuation of $8.2 billion amid long-term growth prospects [8] - Tata Capital made a muted debut in October 2025, listing slightly higher than its issue price at a valuation of $15.78 billion, reflecting investor caution in a crowded IPO market [10]

Core Viewpoint - Qudian Inc. (QD) has experienced a significant increase in stock price and a notable rise in net profit, despite a substantial decline in total revenue [1] Financial Performance - As of June 30, 2025, Qudian's total revenue amounted to 29.279 million RMB, representing a year-over-year decrease of 73.18% [1] - The company's net profit attributable to shareholders reached 462 million RMB, showing a remarkable year-over-year growth of 1664.4% [1] Company Overview - Qudian Inc. is a consumer-oriented technology company based in China, initially focused on providing lending solutions to consumers [1] - The company is currently exploring innovative consumer products and services, leveraging its technological advantages to meet the basic needs of Chinese consumers in their daily lives [1]

Core Viewpoint - Meirui Health International (02327.HK) expects a significant increase in shareholder profit for the six months ending June 30, 2025, projecting between approximately HKD 14 million to HKD 16 million, compared to approximately HKD 8.2 million for the six months ending June 30, 2024 [1] Group 1: Profit Expectations - The anticipated increase in profit is primarily due to growth in property-related business revenue and profit, driven by increased rental income and stable fair value of investment properties [1] - The fair value of investment properties experienced a significant decline for the six months ending June 30, 2024, contrasting with the stability expected for the upcoming period [1] Group 2: Revenue Sources - The company has benefited from utilizing idle funds to provide short-term interest-bearing loans and long-term revolving financing to clients and related parties, resulting in increased interest income [1] - However, this positive impact is partially offset by a challenging domestic operating environment, leading to a decrease in trade sales and revenue from health and medical-related products [1]

Group 1 - The core viewpoint of the article highlights the recent performance of Qudian Inc. (QD), with a stock price increase of 5.06% to $4.15 per share, resulting in a market capitalization of $685 million [1] - Financial data indicates that as of March 31, 2025, Qudian's total revenue was 25.789 million RMB, representing a year-over-year decrease of 53.82%, while the net profit attributable to shareholders was 150 million RMB, showing a significant year-over-year increase of 303.92% [1] Group 2 - Important reminder: Qudian is set to disclose its mid-year report for the fiscal year 2025 on September 5, with the actual disclosure date subject to company announcement [2] - Qudian is identified as a consumer-oriented technology company in China, previously focused on providing lending solutions, and is now exploring innovative consumer products and services to meet the basic needs of Chinese consumers [2]

Core Viewpoint - The "rent machine loan" model is revealed to be a high-interest loan scam disguised as a technology rental service, with annual interest rates reaching up to 400% or more, far exceeding legal limits [1][13]. Group 1: Scam Mechanism - The "rent machine loan" involves users renting phones from platforms that do not legally transfer ownership, leading to hidden fees and exorbitant interest rates [7][9]. - Users are often misled into believing they are making a profitable transaction, only to find themselves in severe debt due to high rental costs and fees [6][12]. - A case study of a user named Ms. Jiang illustrates the deceptive nature of this scheme, where she ended up owing 420,000 yuan after initially receiving only 59,000 yuan [5][6]. Group 2: Legal and Social Implications - The scam not only results in financial loss but also poses threats to personal privacy, as some platforms illegally collect users' contact information, leading to harassment and potential fraud [13]. - The issue of violent debt collection practices has become increasingly serious, disrupting social order and endangering public safety [13]. - A recent court case in Shanghai highlighted the legal ramifications of such scams, with a perpetrator sentenced to over a year in prison and fined 1 million yuan for operating this fraudulent scheme [14].