Personally I believe any kind of consumer lending is bad. It is for consumption, it is for profit, and ultimately creating new liability for borrowers. Chinese companies are learning from west financial institute for this lucrative practice, which in long term is bad for Chinese economy. In short term, it may stimulate consumption. Also as a Alipay user, I didn't intend to have a Huabei account, it was created automatically, and all my purchases on Taobao go through it automatically. I didn't bother to change it. I believe most accounts are created this way.