$XI2CSOPHSTECH(07552.HK)$MNSO(09896.HK)$CHINAHONGQIAO(01378.HK)

Last night I read some comments about consumer loans and tried CMB's Flash Loan feature myself.

It's much more lenient than I imagined, almost unconditionally providing low-interest loans to users.

What I understand about consumer loans is that for large expenses (like renovation, vehicles, etc.), contracts should be pre-reviewed with funds paid directly to merchants.

There's no essential difference between spending 300k on a car and 3 million on a house - in fact, the former carries higher risk attributes.

Even without pre-review, there should at least be a declaration process like forex management.

At this stage, banks aren't even pretending - they just want to push money out as quickly as possible.

This is the policy I've least understood in recent years. Except for being nominally related to consumption, almost all parties involved tacitly agree these funds can be completely unrelated to actual consumption.

If this approach isn't adjusted, the impact may exceed what higher-ups anticipate...

The intention might be good, but leadership seems to not understand what 300k (or even multiple 300k amounts) means to ordinary people.