(Economic Observation) Many places in China strictly prevent training institutions from "running away" and fund custody may become a regulatory weapon
Beijing, January 24 (China News Service) (Reporter Xia Bin) The prepayment of off-campus training institutions is a dilemma for many parents: there are discounts and discounts for paying money first, and it may also encounter institutions "rolling money and running away". China is focusing on solving the problem of financial risks for off-campus training institutions, and how to effectively regulate them is crucial.
After paying the money, the training institutions are "difficult to find", and the news of parents' rights protection and "chasing money" has been reported in recent years. Especially due to the negative impact of the epidemic last year, there have been many incidents of off-campus training institutions "running away from the door" and "closing the door".
He Cun, member of the Beijing Municipal Committee of the Chinese People's Political Consultative Conference and general manager of huaxia bank's strategic customer department, recently submitted the "Proposal on Strengthening the Supervision of Consumer Prepaid Funds in Training Institutions", saying that the regulations on the depository of consumer prepaid funds in training institutions should be introduced as soon as possible, clarifying the main responsible departments, depository methods, and regulatory responsibilities of all parties, selecting some online training institutions as pilots, promoting the depository of prepaid funds of training institutions to become an industry standard, and effectively ensuring the safety of consumer funds.
Yi Jing, a member of the Changsha Municipal Committee of the Chinese People's Political Consultative Conference, also said in a proposal submitted recently that off-campus training institutions are required to select a bank within the scope of the city, open a unique special account for training fee funds, sign a special account management agreement with the bank when opening a special account, and at the same time, the bank strictly controls the minimum balance of the account and the flow of large amounts of funds in accordance with the agreement, and pushes the special account information to the education department through system docking.
At present, many places in China have begun to reduce the financial risk of training institutions. Beijing municipality piloted the prepaid consumer credit supervision platform, focusing on solving the problem of pre-charging supervision of training institutions, and recently announced the first batch of 51 off-campus training institutions included in the supervision. After being included in the supervision, each class fee paid by parents can be found in the platform, and there is a corresponding early warning mechanism for training institutions if there is a change in funds. The platform supervises the whole process from the source of the fee to the refund process to further prevent risks.
Qingdao North District took the lead in PilotIngivity Supervision of Training Funds for Off-campus Training Institutions in Qingdao, and a total of 16 demonstration units signed contracts to be included in the supervision platform. The first batch of 16 institutions will rely on the qingdao and district private education management platforms to cooperate with China CITIC Bank to establish special accounts, accept fund supervision, and further regulate the development of private education in the island city.
The Shenzhen Municipal Consumer Commission and the Futian District Consumer Committee published the Shenzhen Early Education Industry Self-Discipline Convention, which clearly mentions that early education institutions should set a seven-day cooling-off period for the purchase of courses, and consumers who have not consumed within seven days can be refunded in full. It is reported that the first batch of 7 early education brands and 55 stores have promised to join.
Pan Helin, executive dean of the Digital Economy Research Institute of Zhongnan University of Economics and Law, told the China News Agency that the prepayment of training institutions is similar to the deposit in the sharing economy, and it is all focused on consumer funds in a quasi-financial model, which must be strictly supervised, "The deposit is good, the prepayment is good, once the problem occurs, the negative effect will be quickly amplified." Training institutions should take the initiative to embrace supervision, and the supervision work should be carried out in a penetrating manner, that is, for prepaid payments, they should be managed in the form of management financial institutions. ”
"As a market player, training institutions should solve their funding problems by multiple departments." Su Peike, chief researcher of the Institute of Public Policy of the University of International Business and Economics, believes that the local financial supervision bureau can take the lead, together with the market supervision and administration bureau, the education commission and other industry authorities, to coordinate the establishment of a cross-departmental regulatory coordination mechanism, and at the same time consider the establishment of a third-party account independent of the operating entity of the training institution, which is hosted by the bank, and once there is a risk problem, the prepaid funds cannot be accessed by the institution to reduce the risk.
Su Peike also stressed that on the one hand, it is necessary to guide consumers to improve their awareness of risk prevention and regularly publicize the prepaid custody of training institutions, on the other hand, it is also necessary to realize that this is a process of "good money expelling bad money" in the market, and in different education tracks, such as large classes, small classes, and one-on-one teaching, the head enterprises may welcome the above regulatory model more because of capital and brand advantages, while other enterprises will have to get rid of the vicious model of "financing + burning money". (End)
Source: China News Network