各位朋友，贷款100万，中介竟然要收31万？这已经不是服务费，简直是"割肉"了！最近王女士的遭遇冲上热搜，说她去年急用钱，找中介贷了一百多 万，结果硬生生被薅走31万，直呼自己掉进了"AB贷"陷阱。但中介那边却回应：事情没那么简单，她办了四笔贷款、找了四个同事帮忙——这背后，到 底谁在说谎？今天帮主就用20年财经经验，给大家扒透贷款中介那些不能说的秘密。 首先，咱得弄明白什么叫"AB贷"。这可不是什么正规金融产品，而是一种常见的套路贷手法——中介一般会找来A和B两个人，A往往是征信没问题但贷 不到足够额度的人，B则是有良好征信记录的"帮手"。以B为担保或者共同借款人，最终贷出来的钱却流向了A。在这个过程中，中介常常以"包装费""服 务费"等名义收取高额费用，甚至直接截留部分贷款。 那么问题来了，王女士这31万，到底是不是"AB贷"的代价？从中介回应来看，她先后办了四笔贷款、动用了四位同事，这非常符合AB贷的特征：用多 个"B"来为同一个"A"融资。但中介同时暗示"另有隐情"，不排除王女士在知情或半知情的情况下，同意了这种操作。毕竟，普通金融服务费通常在贷款 金额的1%-5%之间，而31万的服务费，明显高得离谱 ...

Investment Rating - The report suggests an "Overweight" rating for sectors benefiting from the influx of educated youth into the workforce, particularly in services, healthcare, financial services, high-tech industries, and hospitality & entertainment [66][69]. Core Insights - Youth unemployment in China has increased significantly, from approximately 10% in 2018 to around 21% in the summer of 2023, but this is viewed as an opportunity rather than a threat due to the unprecedented level of education among the youth entering the workforce [2][5][6]. - China is transitioning from an industrial policy-driven economy to a services-oriented economy, with a notable increase in the contribution of services to GDP, which has risen from 32% in 1990 to 55% in 2023 [4][53]. - The report highlights that the most educated cohort in China's history is entering the labor market, with tertiary education enrollment rates soaring from 3% in 1990 to 75% in 2023, indicating a well-prepared workforce [4][14][10]. Summary by Sections Youth Unemployment - Youth unemployment is currently misinterpreted as a threat, while it actually presents an opportunity for economic growth as the most educated population enters the workforce [6][13]. - The report emphasizes that the rise in youth unemployment should be viewed through the lens of potential service consumption growth [6][20]. Human Capital Development - China has rapidly upskilled its population, with 15,467 per 100,000 now holding a degree, a fourfold increase over the past 20 years [4][10]. - Investment in education has increased from 2.4% of GDP in 2005 to 4.0% in 2022, leading to a significant rise in STEM graduates [4][39]. Service Sector Growth - The services sector in China is expected to grow significantly, with the potential to reach levels comparable to the US, where services contribute 76% to GDP [53][55]. - Key sectors identified for growth include healthcare, financial services, high-tech industries, and hospitality & entertainment, which currently employ a lower percentage of the labor force compared to the US [62][66]. Investment Opportunities - The report lists specific companies that are well-positioned to benefit from the growth in service consumption, including Trip.com, MGM China, NetEase, and Ping An Group, among others [66][69][88]. - The financial intermediation sector is highlighted as having substantial growth potential, particularly in health and protection products, with a noted lack of active CPAs in China compared to the US [70][69]. Healthcare Sector - The healthcare sector is poised for growth, with China now holding a 20% share of global PCT patent publications in biotechnology, second only to the US [76][81]. - The report identifies companies like Innovent and Akeso as potential beneficiaries of the expanding healthcare services market [76][81].