Rebirth starts from e-commerce

Chapter 421 Monetary Fund
How does money market fund (Yebao) make money?
America is the teacher of this industry.

In the 20s, the United States was in a period of economic recession and high inflation.

Simply put, interest rates on bank deposits are too low, while social inflation is high.

Money stored in the bank will become less and less valuable.

本来100块钱可以买100个鸡蛋，放在银行存一年后变成了102块，而一年后鸡蛋涨价了, 102块只能买98个鸡蛋。

The money has been deposited in the bank for a year. On the surface, it is 2 yuan more, but in fact it is [-] yuan less.

But the interest rate of the bank is not fixed. If you have 200 million in hand, you have the capital to negotiate with the bank and ask the bank to give you a higher interest rate.One year later, the principal with interest is no longer 500 million, but [-] million.

That is to say, the annual interest rate of ordinary people is only 2%, while the rich can achieve 5%.

At this time, a fund administrator named Ruth Bant had a genius idea.

To put it simply, he combined the money of a group of ordinary people into a huge fund pool, and then used the money to buy regular savings with high interest rates.

The money is ultimately stored in the bank to earn interest, but it was originally deposited directly in the bank by retail investors, but it has been deposited in the bank through his hands.

It turns out that everyone's savings in the bank only have a 2% interest rate, and after all the money is handed over to Ruth Bant, he can negotiate a 5% regular interest rate with the bank.

In the end, Ruth Bant returned 4% interest rate to retail investors, and he, as a middleman, took away the 1%.

If the fund pool is 1 million, the total interest is 500 million, and 400 million is returned to the user, and he draws 100 million.

If there are 1000 billion, he can draw 10 billion.

Retail investors and fund managers can achieve a win-win situation.

The United States, as the largest monetary fund country, has a scale of 2.5 trillion U.S. dollars, which shows how big this market is.

As the world's second economy, my country's total monetary funds are also as high as several trillion.

Yu'e Bao also connects with a monetary fund, and at its peak, the funds in it exceeded one trillion yuan.

As the managers of the fund, Yu'ebao and Tianhong have an annual net profit of tens of billions.

……

Luo Xiu now proposes to make Fantuanbao. In addition to earning a little difference, the more important thing is to let the user's money be stored in Fantuanbao, so when the user pays, of course, he must use Fantuan to pay.

Fantuan can charge a transaction fee from it.

It can be said that after a win-win situation, we will win again.

After Luoxiu's idea was put forward, it met with crazy opposition from the company's CFO and legal counsel.

"Mr. Luo, your idea is too bold. I absolutely do not support you in doing this."

"The reason?" Luo Xiu asked back.

"This involves capital security and financial risks, we can't mess around!"

As the company's chief financial officer, if something really happened, not only the boss would have to go in, but he would also have to accompany him in.

The boss is high-risk and high-return, but he is low-return and high-risk, of course he is against it.

Li Shan next to him interjected, "Why do I want to mess up even more when I hear the words 'don't mess around'?"

He himself is the kind of master who is not afraid of anything, but no matter what the risk is, he will do it first.

"I'm not doing this to make a lot of money, but to establish a more convenient payment method, so I will continue to do it no matter what."

Luoxiu paused, and continued: "As for the risks involved, first of all, we are willing to accept all supervision, and secondly, if necessary, I can also send all of them to the country."

"Unless we can get approval from relevant departments to ensure that we will not be held accountable afterwards."

Although the boss said that they could all be donated to the country, but that has not yet been done.

If it is really made on a very large scale and the market value exceeds one trillion yuan, is the boss still willing to send the rice ball payment to the country?
When there is really a cow, that is not the case.

Therefore, everyone's promise to the boss was just listening to it, and they didn't take it seriously.

A man's mouth, a deceitful ghost.The boss's mouth is also a deceiving ghost.

What's more, this is a male boss, which is equivalent to the square of a deceiving ghost.

"There will be no approval." Luo Xiu directly asserted, "No one will take responsibility for this kind of thing except ourselves. We can only walk in front of the policy."

Everyone fell silent after hearing what the boss said.

We are an emerging country in development, and in many ways we are walking by feeling the stones.

Many things have to be done first, and after the results are produced, everyone sits down to discuss relevant laws and regulations.

Now everyone can't guarantee what the final outcome of the matter will be, and they dare not express any opinions casually.

In fact, for others, it is walking by feeling the stones, but for Luo Xiu it is not.

Although the river looked turbid, someone had already touched it, and Luo Xiu just followed behind.

He knows which places are safer and which places are dangerous.

But these things can only be understood by himself, and there is no way to explain them to everyone.

At this time, Guan Shiyu stood up and said: "The boss has made many decisions that were not understood at the time in the past few years, such as selling copyrights and hoarding land... But time has finally proved that the decisions of the boss That's right, now it's just a bolder decision, I'm willing to trust him, let me be the person in charge of Fantuanbao!"

After listening to her, Luo Xiu thought that it was better to deceive you... No, you still understand me.

Some other wavering people could not help but secretly nodded after hearing what the proprietress said.

At this time, Li Shan also stated: "I definitely support brother Xiu. If there is any responsibility letter to be signed, I will be the first to sign it."

"Count me in, and I support Mr. Luo's decision."

"We're going to play big."

"Since everyone says so, then I have no objection."

……

In the conference room, everyone expressed their opinion.

Only then did Luo Xiu say: "This matter is not that serious, don't make it so tragic, it's just a normal business decision."

He paused and continued: "Next, I will completely dismantle Fantuan, Fantuan Payment, and Fantuanbao, especially Fantuanbao. My plan is to bring in several state-owned banks to do it together and hold shares with each other. , In this way, you don't have to worry about anything."

"Will those old antiques in the bank want to play with us?"

"They should look down on us, right?"

"Even if they are willing to join, they definitely want to take the lead."

……

Luo Xiu smiled and said: "Then let them beg to join after we build up the scale. I don't believe that they have more than [-] billion yuan in their hands. How confident are they in negotiating terms with me?"

Although the bank is strong, there is not only one bank. There is also competition among them, and they are all eager for deposits.

(End of this chapter)