Xu Meng, a girl born in the 2000s, opened the photo show as usual, fixed a selfie, and prepared a circle of friends. On the page where the photo retouching ends, between the two regular options of "Poster Design" and "Help me retouch the photo", a strange option comes into view - "Borrow Money".
Stepping on the red line!
How about saying that online loans are “deep”?
When you borrow money on my platform, it is clearly written on it. I will charge you a comprehensive annualized interest rate of less than ten points, and it will be credited to your account quickly. This opportunity is not to be missed, and the time will never come again!
But I won't tell you:
As long as you sign and the money arrives, the third-party platform will quickly deduct a "service fee", "membership fee", and "guarantee fee"... In this way, the comprehensive annualized interest rate can be directly doubled!
Although it sounds a bit "shady", there are quite a few online loan platforms that charge high "service fees" through third-party platforms.
A recent complaint brought 58.com, which had been dormant for a long time, to the public’s attention.
According to Tencent Finance, on the eve of March 15, some consumers reported that they did not click or check to activate membership.
However, in the early morning of February 19, 58 Haojiu, a subsidiary of 58.com, privately deducted 1,500 yuan from him through Shenzhen Oak Network Innovation Technology Co., Ltd. and Baofu to activate a one-month premium membership.
The money was deducted directly from the bank card he had reserved before. There was no confirmation in the whole process and I was completely unaware of it.
After finding out, he immediately contacted customer service to negotiate, but no one handled it for several days. When I received the message again, it turned out to be a text message: "The membership service has taken effect, and the cancellation failed due to the use of bonus rights."
The co-author didn't even give a chance to refuse...
Even earlier, on January 29, a user also said on the "People's Complaints" platform of People's Daily Online that he applied for two loans totaling 40,000 yuan through 58 Haojie. I have to say that the lending speed is really fast and the money arrives quickly.
But when he checked the bank statements, he was confused. As soon as the loan arrived, a sum of money was instantly transferred, and a full 3,000 yuan was deducted in two installments.
It was not the bank that transferred the money, but a third-party institution called "Shanghai Flash Network Technology Co., Ltd."
This means that he actually received only 37,000 yuan, but when he repaid the loan, he had to calculate interest on the principal of 40,000 yuan. In other words, each loan actually received 18,500 yuan, and the repayment was calculated as 20,000 yuan, and the comprehensive annualized interest rate rushed to 35.28%.
The annual interest rate advertised on the 58 Haojie interface is only 7.2%, which is nearly five times the difference between the two and far exceeds the upper limit of judicial protection stipulated by the state. It is not an exaggeration to say that it is a disguised loan shark.
Supervision has been strengthened
In fact, the problem of arbitrary charging of online loans has been criticized for a long time, but this year, it seems that supervision is coming for real?
Just a few days before March 15, the financial regulatory authorities interviewed five platforms: Fenqile, Qifu IOU, Youwodai, Yixianghua, and Credit Fei.
They are clearly required to standardize marketing promotions, clearly disclose interest and fee information, protect personal information, comply with collection requirements, and improve complaint mechanisms.
On March 15, the financial regulatory authorities went all out and issued a blockbuster new regulation - "Regulations on Expressed Comprehensive Financing Costs for Personal Loan Business", which targeted the "hidden charges" and "interest rate cover" in the online lending industry.
From "suggestion" to "mandatory", this time's new regulations are not empty words. The core is one: all fees must be transparent and cannot be hidden.
First, all costs are calculated together. Whether it is interest, service fees, guarantee fees, or membership fees, they must be added together to calculate the "annualized comprehensive financing cost."
Second, users must confirm their knowledge. Offline loans require signature confirmation, while online loans require a mandatory reading pop-up window and sufficient reading time.
Third, the scene is fully covered. Especially for online consumption installments, comprehensive financing costs must be displayed prominently on the payment page to prevent users from being misled by the guise of “low monthly payment” and “zero interest”.
Fourth, responsibilities must be extended. Lending institutions must manage their cooperative institutions, such as loan assistance platforms and guarantee companies, to ensure that their fees are compliant and transparent, and cannot pass the blame to third parties.
However, this time the new regulations will not be implemented immediately. A buffer period of nearly 5 months will be given and will be officially implemented from August 1, 2026. In the past five months, some companies have begun to make corrections, while others want to accelerate their performance. So 58 is easy to borrow, which one does it belong to?
You won’t know if you don’t check, but you’ll be shocked if you check.
As of March 19, the number of complaints about 58 Haojie on the Black Cat complaint platform has reached 37,582, which is more than 5,000 more than his hometown 58.com, and most of them focus on "arbitrary deductions."
As for 58 Haojie, do you want to take advantage of these five months to boost performance, or do you want to start making rectifications? At present, after 315, the phenomenon of "illegal deduction of guarantee fees" still exists.
On March 19, four days after the introduction of the new regulations, there were still users reporting on Black Cat Complaints that 58 Haojie illegally deducted guarantee fees through a third-party platform, and the interest rate exceeded the upper limit, requiring a refund.
The pressure is on 58.com
58 Haojie’s illegal operations were ultimately paid by 58.com.
Recalling that year, Yao Jinbo encountered a rogue rental agent right after graduating from college, and secretly made up his mind to create a platform so that rogue agents had nowhere to go.
But the ideal is very full, and the reality is very skinny. 58.com finally felt defeated by the reality.
Since its listing in 2013, 58.com’s revenue growth has been declining, and in the fourth quarter of 2019, it experienced negative growth for the first time.
In September 2020, 58.com announced the completion of a privatization merger and delisting from the New York Stock Exchange, trying to find a new way out through business spin-offs.
After delisting, it spun off businesses such as Anjuke (real estate agency), Swan Daojia (local life), and Kuaigou (city freight). It may want to list these sectors independently to support the overall situation.
But the reality is cruel. These separated businesses have strong opponents in every field.
In the field of recruitment, there are Zhaopin Recruitment and BOSS Direct Recruitment; in real estate business, there is Beike House Search; in intra-city freight, there are Lalamove, Truck Help...
The main business is weak, and the financial business was once a hope, because the financial business has indeed given 58.com a surprise.
Changyin Wuba Xiaojin, which it holds a stake in, maintained rapid growth from 2019 to 2023. Its net profit reached 683 million yuan in 2023, ranking fifth in the industry and becoming an important source of profit for 58.com.
But the good times did not last long. Entering 2024, Changyin Wuba's growth suddenly stalled, and the net profit that year plummeted 95.02% year-on-year, leaving only 34 million yuan. By the first three quarters of 2025, net profit has further narrowed to 21 million yuan, which is about to hit bottom.
With the implementation of new loan assistance regulations, 58 Haojie’s model of relying on hidden charges to achieve high interest rates has made 58.com’s financial business even worse.
But what’s even more fatal is the closed-loop imbalance of 58.com’s business model.
Its core income relies on traffic sales, advertising and commissions, which results in the platform deliberately lowering the review threshold and causing the proliferation of false information such as black agents and fake housing listings, which in turn backfires on word-of-mouth and leads to the continued loss of core traffic.
The essence of the loan assistance business is an extension of traffic realization, which is highly dependent on the parent company's traffic supply, and has extremely weak synergy with main businesses such as recruitment and real estate. It can neither drive the recovery of the main business nor solve the fundamental dilemma of inefficient operations and aging business models.
It can only be said that 58.com is under a lot of pressure. Please stay tuned for the follow-up.
If you want to play tricks again, there is no chance.
On the evening of March 17, CCTV's "Focus Interview" broadcast the latest investigation situation in Leiyang, Hunan Province, reporting on the local incident of "exaggerating data and falsely reporting the output value of the "10 billion industrial park" and turning it into a "slogan project."
According to surveys, in order to cultivate new driving forces and achieve industrial breakthroughs, this county-level city will determine its leading industries in 2021 and formally propose to build a "10 billion-level stroller industrial park", claiming that the annual output value will exceed 10 billion yuan after the project is completed.
Data shows that Leiyang's total GDP in 2020 is 39.46 billion yuan, and the tens of billions industry target is equivalent to 25.34% of the total economy. To this end, the local government has specially formulated the "Implementation Plan for the Leiyang Baby Car Industrial Park", which stipulates a total investment of 6 billion yuan in five years, and 2 billion yuan of investment and 45 companies will be introduced by 2025.
However, the so-called "baby carriage industrial park" is just a slogan project. In fact, the enterprise occupancy rate is less than 10%, the reported output value is as high as 347 million yuan, and the actual output value is only 21.65 million yuan. The official announcement states that more than 60 companies have settled in, but only 1 baby products company and 4 supporting small and micro enterprises have actually settled in.
The plan formulated by the government is just a "paper article" to deal with inspections, with figures falsified from beginning to end, just to make the report look good and the political achievements to be outstanding. This kind of "slogan project" has ruined public morals, misled decision-making, and ruined the government's credibility.
In fact, in October last year, the Central Level Special Working Mechanism Office to rectify formalism and reduce the burden on the grassroots, together with the General Office of the Central Commission for Discipline Inspection, specifically named the typical problems of rectifying formalism to reduce the burden on the grassroots. False reporting of the output value of the stroller industrial park in Leiyang City, Hunan was one of them.
And just in January this year, the office and the Central Commission for Discipline Inspection reported three typical problems of rectifying formalism to reduce the burden on the grassroots:
1. Haicheng, Liaoning "buys ranking" Haicheng. In June 2024, Haicheng spent 4.98 million yuan to sign a "County Economy and New Quality Productivity Research Comprehensive Services" consulting project contract with a "Top 100 Counties" list evaluation agency. Through the agency, it improved the subjective index score in the 2025 list evaluation, adjusting Haicheng from the 118th in the objective index score to the 91st in the comprehensive score.
2. There was "blind command" in the assessment of funds introduced from outside the province, and the Henan Department of Commerce forced the grassroots to collectively falsify. Because the indicators are falsely high and they are required to increase year by year, the grassroots are forced to take action to defraud the company. In the first 11 months of 2025, Wuyang County falsely reported more than 7 billion, Zhecheng County falsely reported more than 4 billion, and one project in Zhengzhou Guancheng District falsely reported 960 million.
3. Relevant departments in Yunnan rank 129 counties every quarter and engage in "report card" competitions. The grassroots cannot bear the pressure and can only "inject water" to deal with it - 34 companies in Shuangjiang County, Lincang, falsely reported an output value of 3.5 billion in three years, and 284 projects in Shuangbai County, Chuxiong fabricated false materials and falsely reported investments of more than 4 billion.
These phenomena that have been named and dealt with are essentially manifestations of the dysfunctional operation of power. So, where is the root cause?
First of all, the root cause is a "calcium deficiency" in the view of political performance: some localities and departments have a distorted view of political performance, and the work of reducing burdens has gone through the motions. They believe that GDP is political performance, rankings are face, and data is hat. Therefore, regardless of whether it is true or not, first make the number bigger; no matter whether it is good or not, first make the scene bigger.
Secondly, there is also a problem with the "baton" of assessment. In some places, superiors evaluate investment and output value, and report rankings every quarter. The grassroots cadres took a look: if they fail to complete the tasks and will be criticized, then they can only "inject water". Therefore, investment and output values are falsely reported, and the data becomes "plasticine", which can be pinched as much as you want.
Furthermore, there is the "firewall" of supervision, which is in name only. As we all know, internal supervision often "turns a blind eye" or even "closes both eyes". It wasn't until the superiors reported it and the media exposed it that they pretended to "take it seriously."
We must know that combating formalism is a key step in modernizing national governance. The central government is gradually blocking the crooked path of formalism.
First of all, we must move towards "abnormal assessment". Nowadays, in some assessments, the indicator settings are like "the goddess scatters flowers", which is comprehensive but divorced from reality. In fact, the real achievements are not in the financial statements, but in the smiles of the people. The central government has also made it clear: "The key to measuring the performance of cadres is to see how good the public's reputation is" and "taking serving the people and benefiting the people as the most important political achievements."
Second, cut off the "power of mutation". Formalism means "virtual work, but it can gain "real benefits" - promotion, honors, resources. Now that the central government is serious about making "virtual work", not only will there be no benefits, but there will also be a price to pay. For example, currently, Leiyang City has launched a special campaign to rectify the work style of cadres, and has also launched an accountability mechanism for issues such as "exaggerated data".
Third, "burden reduction" should be transformed from a campaign-style rectification into an institutionalized norm. At the end of 2023, the central government began to establish a "notification and exposure mechanism for typical negative cases to reduce the burden on the grassroots", and a regular exposure system has been formed so far. In August 2025, the General Office of the Central Committee of the Communist Party of China and the General Office of the State Council also issued the full text of "Several Provisions on Combating Formalism to Reduce Burdens on the Grassroots". This is the first time that institutional norms to reduce the burden on the grassroots have been formulated and introduced in the form of intra-party regulations: This is more effective than 10,000 mobilizations.
Overall, the central government has continuously reported typical cases, and the intensity of processing has been continuously increased, sending a clear signal: the space for formalism and bureaucracy is rapidly shrinking, and the era of "rejuvenating the country through hard work" is coming. (Ma Jiangbo)
Founder temporarily takes over
In the global aviation industry, IndiGo was once regarded as the closest thing to a "money printing machine".
The ultimate single model, ultra-high utilization rate, and extreme cost structure allow it to maintain stable profits in the long term and capture nearly two-thirds of India's domestic market.
But it was such a highly efficient machine that suddenly "stuck" at the end of 2025. Recently, new trends have been reported:
According to reports from the BBC and other authoritative media, IndiGo, India’s largest airline, is entering a critical stage of adjustment. Its CEO Pieter Elbers has officially resigned after large-scale flight cancellations shocked the industry late last year.
IndiGo confirmed in a statement that Elbers had "resigned immediately" and cited "personal reasons" for his resignation, without disclosing further details. This decision, which took place several months after the company experienced a major operational crisis, also caused the outside world to once again focus on its management and operation system.
4,500 flights canceled
In December last year, IndiGo canceled about 4,500 flights because it failed to respond in time to new pilot duty and rest regulations, making it the most serious operational accident in the company's 20-year history.
This policy was originally intended to reduce pilot fatigue through stricter scheduling rules, but IndiGo failed to accurately assess the number of pilots required after the implementation of the new regulations, resulting in a serious shortage of manpower. Due to compliance requirements, a large number of flights were unable to operate normally, eventually leading to large-scale cancellations.
The emergency had widespread impact and tens of thousands of passengers were stranded at the airport. India's aviation regulator later fined the company about $2.45 million and criticized executives, including Elbers, for deficiencies in crisis management and overall operational oversight.
Founder temporarily takes over
After the CEO resigned, IndiGo quickly initiated transition arrangements. Company co-founder Rahul Bhatia will temporarily take over management responsibilities until a new CEO is elected.
It is worth noting that IndiGo, as the absolute leader in the Indian aviation market, occupies approximately 65% of the domestic market share, and its operational stability directly affects the entire industry. This management adjustment is regarded by the outside world as an internal repair and rebalancing of the crisis.
In internal communications, Bhatia also faced the crisis head-on. In an email to employees, he mentioned that "what happened in December should not have happened" and expressed his gratitude to employees for their efforts during this difficult time.
After the announcement of the CEO's resignation, IndiGo's stock price rose by about 3% in the short term, and market sentiment was relatively stable.
Analysts generally believe that this personnel change will not trigger major strategic adjustments. Brokerage firm Jefferies pointed out that under the leadership of the founder, the company has achieved smooth transitions many times in its history, and it is expected that this feature will continue this time. Key points to focus on in the future include operational stability, flight schedules and the progress of the selection of the new CEO.
HSBC judged that IndiGo will not make major strategic adjustments in the short term, and Bhatia is more likely to focus on improving operational efficiency and repairing its brand image.
Elbers joined IndiGo in 2022 after having long experience in the aviation industry and working for KLM Royal Dutch Airlines.
During his tenure, IndiGo promoted an important expansion plan: ordering 500 narrow-body aircraft from Airbus and planning to introduce more wide-body aircraft to support the development of its international route network.
This expansion strategy was originally an important step in IndiGo's transformation from "domestic focus" to "global layout", but this crisis has also posed a new test to its execution capabilities.
As one of the fastest growing aviation markets in the world, the Indian aviation industry has expanded rapidly in recent years. IndiGo has played a central role in this process, with its market share and route network leading the way.
However, the rapid development of the industry has also put forward higher requirements for airlines in terms of operation management, compliance enforcement and resource allocation. The flight cancellation incident is a concentrated expression of this pressure in reality.
From large-scale flight cancellations to CEO departure, IndiGo is going through a critical period of adjustment.
In the short term, the company has transitioned through founder takeover, and market sentiment has been relatively stable; but in the long term, how to find a balance between rapid growth and refined operations will determine whether the Indian aviation giant can continue to expand in the face of global competition.
The innovative achievements of Shanghai's top tertiary hospitals are accelerating the industrialization process. News came from the Second Shanghai Clinical Transformation Ecological Forum of "Clinical Transformation·Financial Empowerment" held on March 21: The "hospital patent licensing + temporary transfer hospital cash investment" intellectual property corporatization operating model has promoted a number of hospital innovation results to embark on the corporatization process.
The forum is guided by Shanghai Shenkang Hospital Development Center and Shanghai State-owned Capital Investment Co., Ltd., and co-sponsored by Shanghai Clinical Innovation and Transformation Research Institute, Shanghai Futeng Private Equity Fund Management Co., Ltd., and Bank of Shanghai Co., Ltd. At the forum, Duan Qi, President of the Transient Hospital, Zheng Xingdong, President of Shanghai First People's Hospital, Ma Yanbin, Secretary of the Party Committee of the Ninth People's Hospital Affiliated to Shanghai Jiao Tong University School of Medicine, and Sun Fenyong, Vice President of Shanghai Tenth People's Hospital, jointly signed the second batch of intellectual property corporatization operation projects.
As the first transformation model for temporary transfer hospitals, the "hospital patent licensing + temporary hospital cash investment" intellectual property corporatization operating model has promoted 8 projects to complete company registration or is starting the company registration process since the first project was launched in 2025, successfully attracting the participation of industries and investors from all over the country, with a total planned investment of approximately 90 million yuan.
The signing of the second batch of projects marks the transition of this model from a "single-point pilot" to a stage of large-scale application that can be "replicated and promoted". Wang Xingpeng, chairman of the hospital, said that the hospital will continue to deepen mechanism innovation and help open up the "last mile" of medical innovation.
The forum also officially launched the 2026 second "SDIC Futeng Cup" Yangtze River Delta Clinical Innovation and Entrepreneurship Competition. The scope of the competition has been expanded from Shanghai to the Yangtze River Delta, accelerating the construction of a "discovery-cultivation-transformation-investment" full-chain support system, linking the Bank of Shanghai donation fund and the transfer hospital seed fund to provide all-round support for participating projects and promote the coordinated development of the regional clinical transformation ecosystem.
As a key brand activity of the hospital in 2025, the first "SDIC Futeng Cup" Clinical Innovation and Entrepreneurship Competition came to an end, and an award ceremony was held at the forum. The award-winning projects include 51 high-quality projects with transformation potential from more than 20 Shanghai municipal hospitals, including Shanghai First People's Hospital, Shanghai Sixth People's Hospital, Shanghai Tenth People's Hospital, Shanghai Ninth People's Hospital and Shanghai Pulmonary Hospital, as well as district-level hospitals, covering medical devices, digital medicine, biomedicine, AI-assisted diagnosis and treatment and other fields.
The Bank of Shanghai's special public welfare fund was officially launched on site, focusing on the early R&D and pilot trials of high-quality projects in the temporary transfer hospital, injecting financial "living water" into clinical transformation.
The transfer hospital stated that it will continue to explore the "Shanghai Path" for clinical transformation, promote more innovative results from the laboratory to the bedside with a more complete mechanism, stronger financial support, and better ecological services, and inject strong impetus into Shanghai's construction of a global biomedical innovation hub.
OKX (formerly OKEx), as a world-renowned digital asset trading platform, has attracted many investors with its rich currency, high liquidity and professional financial services. If you also want to experience the convenient trading of OKX, the first step is to download and install the official App. This article will introduce you to the download method of OKX in detail, covering mobile phones (iOS/Android) and computers (Windows/Mac), helping you quickly complete the registration and start your digital asset trading journey.
Must read before downloading: Safety first, look for official channels!
Before downloading OKX, please be sure to note: Only obtain the installation package through official channels, and avoid downloading from unknown links or third-party platforms to prevent malware or phishing scams. OKX official download channels include:
Mobile download tutorial (iOS/Android) (1) Apple iOS users: Install directly from the App Store. Open the App Store: Find the "App Store" icon on your iPhone or iPad and click to enter. Search for "OKX": Enter "OKX Europe" or "OKX" in the search box at the top, select the officially certified App (the developer is "OKX Holding Limited", look for the official OKX logo). Click to download: Click "Get" or "Download", enter your Apple ID password or verify via Face ID/Touch ID, and wait for the installation to complete. Open and verify: After installation, click "Open". For first-time use, you need to complete account registration or login according to the prompts (supports email, mobile phone number, Google, etc.).
Note: If you cannot search for OKX in the App Store, it may be due to network restrictions in your region. It is recommended to switch the Apple ID region or download the iOS installation package through the official website (you need to trust the enterprise certificate in "Settings-General-VPN and Device Management").
(2) Android Android users: safe installation through official channels
The Android system is highly open, and it is recommended to download it through the following two safe methods:
Way 1: Google Play Store (recommended)
Open the "Google Play Store" on your phone and search for "OKX". Select the official App (the developer is "OKX Holding Limited") and click "Install". Wait for the download to complete and open the App to register and use it.
Method 2: Download the APK installation package from the official website (applicable to areas where Google Play cannot be accessed)
In the third round of the "Beijing-Shanghai Battle" of the Chinese Super League on March 21, both teams were plagued by injuries and had to send out their remaining teams to fight. Shanghai Shenhua scored with Chen Jinyi's free kick and drew 1-1 away from the opponent, struggling to take away a point from the Workers' Stadium.
In this game, Shenhua's foreign aid Mineiro, who had just returned from injury, was injured again, which made the team worse.
Chen Jinyi became the hero of the team's victory
Shenhua captain Wu Xi and forward Guy were both unable to enter the squad due to injuries; Teixeira was injured before the game and was on the substitute list with Li Ke and failed to appear. Foreign aid Mineiro, who had been resting for a long time due to injury, returned to the starting lineup and formed a double forward with Liu Chengyu, who had just been selected for the new national football team. Beijing Guoan is also suffering from injuries, with main players such as Dhawan, Serginho, Wang Gang and Li Lei absent from the game.
Due to the use of many players in the midfield and frontcourt who had less opportunities to play before, Shenhua's cooperation was a little rusty in the early stages of the game, and the offensive and defensive rhythm could not be fully opened. In the 22nd minute, Zhang Yuning scored with a header to help Guoan take the lead.
Zhang Yuning (right) helps Guoan take the lead
The lagging Shenhua players continued to launch counterattacks with their tenacious hard work, constantly looking for opportunities to equalize the score. In the 68th minute, Chen Jinyi scored with a free kick, helping Shenhua take away a point from the away game. The winner said after the game that he was confident in taking the free kick. "The team's usual set-piece training has always been between Gao Tianyi and me, and I also played the same feeling as usual training." Chen Jinyi said frankly that the team's goal for this game was originally 3 points, "but it also feels good to help the team score 1 point."
In the case of a serious imbalance in the lineup, Shenhua once again took away a point in the away game after drawing with Zhejiang team in the last round. Head coach Slutsky was quite satisfied with the team's performance: "Today's score reflects the strength of both sides well. Although our lineup is very uneven, the team fighting spirit displayed by the players on the field is very outstanding, and it also shows the competitiveness of each of them in the team."
The team's injury problem is becoming more serious
In this game, Mineiro, who had just returned from injury, not only performed poorly, but also suffered an injury again, straining his thigh muscle. He came off the field in pain in the 75th minute. This was Shenhua's third consecutive league game in which a player left the field due to injury.
After this game, Shenhua, which started with a loss of 10 points, currently has 1 win and 2 draws, and is currently at the bottom of the standings with a loss of 5 points. There is still a big gap between the goal of clearing the points. But compared to the pressure of points, the bigger challenge facing the team is an incomplete lineup. Fortunately, the Chinese Super League will enter a half-month rest period after this round of league games. Shenhua, which is full of injuries, will have a chance to breathe and adjust.
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