On July 28, at a press conference held by the Ministry of Education, Wu Jingren, general manager of the China Development Bank's Social Affairs Department, said that this year, under the guidance of the Ministry of Education, CDB launched a remote loan service for student loan co-borrowers. Parents can complete the contract authorization on their mobile phones, and students can sign student loan contracts on their behalf to achieve “online application for parents and on-site registration for students”. From now on, parents no longer have to worry about returning home to apply for loans. As of the first half of this year, CDB has issued a total of 561 billion yuan in national student loans to support 24.87 million students from economically disadvantaged families, covering 29 provinces, 2,649 districts and counties, and all general colleges and universities across the country.

On July 28, at a press conference held by the Ministry of Education, Wu Jingren, general manager of the China Development Bank's Social Affairs Department, said that this year, under the guidance of the Ministry of Education, CDB launched a remote loan service for student loan co-borrowers. Parents can complete the contract authorization on their mobile phones, and students can sign student loan contracts on their behalf to achieve “online application for parents and on-site registration for students”. From now on, parents no longer have to worry about returning home to apply for loans. As of the first half of this year, CDB has issued a total of 561 billion yuan in national student loans to support 24.87 million students from economically disadvantaged families, covering 29 provinces, 2,649 districts and counties, and all general colleges and universities across the country.