The Industrial and Commercial Bank of China (ICBC) in Beijing has a list they want to send on to Santa Claus - the 1,200+ students have delayed paying back their student loans for a year or more.
The list appeared on the China Higher Education Student Information website.
It was then cut and pasted into many other websites and online forums.
Students' names, ID Card numbers and contact information along with a debt collection notice was included.
No privacy rights here, eh? Oh, yeah...it's China.
The students owe a combined total of about 37 million yuan or $5 million...about the same as several hundred bad loans,
each, obtained by bribing crooked bank officials.The students will not be able to apply for loans from banks or obtain credit cards until they clear their debt.
The Guangdong branch of ICBC did the same thing last year...but nobody knows how that turned out.
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