Compliance sparks controversy, and several rural commercial banks in Hunan have suspended their "pension loan" business.

After the pension loan business of banks sparked market discussions, they quickly hit the brakes. Since June, several rural commercial banks in Hunan province have been promoting pension loans specifically for "supplementary pension insurance payments." On July 14th, after verification by reporters, it was found that many rural commercial banks in Hunan province, such as Shaoyang Rural Commercial Bank, Changsha Rural Commercial Bank, and Linli Rural Commercial Bank, have temporarily suspended their pension loan business, and related promotional content for pension loans is now difficult to find. Dong Ximiao, chief researcher at Zhonglian Research Institute and deputy director of the Shanghai Financial and Development Laboratory, pointed out that "pension loans" have emerged with many positive effects. For urban and rural residents' pension insurance, they can help increase the number of contributors, the amount of contributions, and expand the coverage of pension insurance. For banks, they can meet customer demand, market and serve a group of customers, and increase credit allocation. For residents, they can receive credit support, smoothly pay pension insurance or increase pension insurance contributions, thereby improving the level of pension protection. However, according to the current personal loan management system, the nature of "pension loans" is somewhat ambiguous, leading to compliance disputes.