Huabei is a credit ‘buy now, pay later’ (BNPL) tool launched by the Ant Group which is widely used by younger consumers who may not have a credit card. Huabei can be used on Taobao, Tmall, and in other usage scenarios where Ant has setup cooperation such as parking, travel, hospitals, restaurants, supermarkets, etc. On November 2, the China Banking and Insurance Regulatory Commission and the Central Bank publicly solicited opinions on the new measures for Internet Small Loan Business, to further control risks and problems in this sector. Shortly after, some people complained online that their Huabei credit limit has been reduced. Ant Group responded on December 23 that Huabei is currently adjusting the credit of some young users to promote more rational consumption.