The social security policy goes to the bank first: the Social Bank loan gives the bank the pension gap for the day-to-day workers.

The income of flexible workers is not necessarily the same each month, while the social security bill is on time. Disruption of work, reduced receipt of orders or illness of family members can make old-age and medical contributions a fixed expense that is difficult to continue.The Bank of Hubei Farmers' Bank launched the Social Bank Loan.Recently re-transmitted to social networking platforms: the product incorporates the record of continuous and steady payment of social security in the letter-based judgement, and attempts to maintain access to insurance by loans for those in need.

There are two very different reactions on Twitter.I'm sorry. The campaigners called it “a letter of renewal of social security, a banker, a public benefit”. Critics ask where to repay the debt after borrowing those whose income is no longer sufficient to pay.Comments from China Digital Age, 17 OctoberThe Lending of Loans without Social Security places the problem directly on the household expenses of flexible workers.The example of Sean by commentThe monthly contribution of the minimum-age old-age and health-care insurance workers is approximately $1354.6, or almost 57 per cent of the local minimum wage of $2376. This measure is a city, a stylized and calibrated measure and cannot be applied directly to all or all of the workers.

Loans may help certain persons with stable repayment sources to avoid defaults in the short term; However, loans to workers without fixed wages or contractual security did not generate new income. Banks view the history of contributions as a form of correspondence that allows them to identify past clients, but cannot prove that future orders will increase. The so-called tripartite win-win is established only when the borrower ' s income can pay for daily life and debt; Otherwise, today's social insurance burden is just an extra bank interest.

The current public web coverage is not clear enough to prove it.Every loan from a “social loan” must be transferred directly to the social security account or automatically deducted from the pension after retirement. These specific statements, which are circulated online, need to be confirmed by formal bank contracts, repayment terms and real borrowing cases. The report therefore cannot use marketing calibres and cyber sarcasm as a uniform product clause. The real question to be asked is the interest rate of the loan, the duration, the purpose, the protection of the overdue and the difficult client.

The difficulties of paying for flexible employment often stem from the fact that they are before the loan: precarious labour remuneration, utilisation of the order platform, risk of injury at work, medical burden and family support pressure. Policy departments are constantly discussing the expansion of coverage, but less part-time workers are involved in the decision-making of contributions and labour security arrangements through collective bargaining. If social security mobilization is based primarily on finding uninsured persons and, in combination with bank credit instruments, social security can easily be operationalized into a task that requires constant personal indebtedness to sustain.

It is not technically complex to convert a payment record into a bank loan. The complexity is who should bear the cost of providing basic security when a rider does not earn enough for months in succession. This financial product is subject to market testing, but it cannot be a substitute for a new discussion of the income of casual workers and the burden of social insurance.