When I am reborn, I just want to be a top student

A letter was sent to the ninth heaven.

Thanks to Wang Donglai's status as a top scholar and the respect and attention paid to scholars in the country, Wang Donglai's report was naturally submitted.

However, when Wang Donglai submitted this report, the impact it caused was beyond Wang Donglai's expectations.

The report was submitted in the morning and the relevant personnel arrived in the afternoon.

When Wang Donglai saw the relevant people in uniform, his first reaction was to be stunned for a moment, but then he calmed down.

"Professor Wang, we have come here to ask you some questions according to the instructions of our leaders."

After meeting, a middle-aged man with a secretary-like temperament said politely.

Although the tone was polite, it was extremely firm and would not be rejected.

"Okay!" Wang Donglai agreed without any unhappiness.

soon.

A very quiet office.

After a brief arrangement, the secretary introduced herself and said, "Professor Wang, my last name is Li, and I work in the leadership office."

"I came to you this time just to ask you some questions. Don't feel any psychological pressure."

Secretary Li no longer had his previous serious and businesslike demeanor, and both his tone and expression became more gentle.

Wang Donglai nodded and said, "Director Li, just ask whatever you want to ask. I will definitely cooperate!"

"Well, Professor Wang, did you submit a document titled "One or Two Insights on Industry 2025 and Finance" this morning?"

Wang Donglai nodded again, acknowledged it, and said, "I submitted it, and I wrote all the contents myself."

Secretary Li paused for a moment, then asked, "Can you take full responsibility for what you said?"

As soon as these words came out, the atmosphere in the office suddenly became extremely stagnant.

Wang Donglai did not hesitate at all and said immediately: "I am willing to take full responsibility!"

"Professor Wang, this is our work process. These two sentences are mandatory and have no other meaning. I hope Professor Wang can understand."

Secretary Li smiled slightly and explained to Wang Donglai.

Wang Donglai nodded and said nothing.

"Professor Wang, your article has been read by many leaders, and it has caused quite a bit of discussion."

"It is precisely because the matters involved are relatively important that the leader asked me to come here to ask a few questions."

"In the article, Professor Wang seems to have some opinions on the Industrial Manufacturing 2025 plan. Can you explain your opinions in detail? Professor Wang, tell me your opinions, or the sources of your opinions."

When Secretary Li talked about business, his eyes sparkled and his whole body exuded a shrewd and capable temperament.

"The Industry 2025 plan is comparable to Germany's Industry 4.0 plan, which is actually a plan for industrial upgrading and technological innovation. For my country, it is even more important."

"I believe that when the country made this plan, it was definitely after careful consideration and soliciting opinions from all parties before finally finalizing the plan."

"I agree with the necessity of Industry 2025. my country is a country with a large population and a large industrial chain. Our billion people are striving for a well-off society. Technological upgrading is inevitable."

"In the low-end and mid-range sectors, my country has firmly occupied the role of the world's factory, providing a large number of low-end and mid-range products to the world. In the past, this brought a large amount of foreign exchange to our country, created a large number of jobs, promoted economic development, and improved people's living standards."

"But with the development of the times, our development has reached another stage. We must move towards the high-end field because the high-end field is the market with the highest profit."

"Industry 2025 is a good way. As long as we can catch up with the international advanced level in high-end technology, our development level will soar again."

"This is a good thing that benefits the country and the people. As a Chinese, I am naturally willing to see this.

"In the report, I provided a large amount of data in detail, using more understandable data to describe our backwardness in relevant areas."

“Only by knowing the gap can we better catch up.”

"In my opinion, although the gap between us and the West is large, it is not a world of difference. We can definitely catch up."

"In the semiconductor field, I think we need to invest more resources and pay more attention to it."

"Because as we rise, we have already aroused the Bald Eagle's vigilance. Since the beginning of the century, it has been looking for ways to influence us. However, even so, it has not interrupted our rise. As our GDP gets closer and closer to the Bald Eagle, and various industrial data continue to soar, the Bald Eagle is likely to take more drastic actions."

"In the report, I have analyzed that the Bald Eagle will take sanctions, increase tariffs, ban related industries, impose large fines, initiate trade disputes, withdraw investments, change investment directions, etc."

"In modern society, the importance of the semiconductor industry is far beyond imagination, and this is bound to be used by the bald eagle as soon as possible."

"Central International, ZTE and some high-tech companies, plus the fact that Professor Ruan Wei was detained by Bald Eagle for no reason, are clear evidence of this."

"..."

Wang Donglai said a lot in one breath.

Secretary Li did not interrupt, but listened quietly and took notes in a notebook.

After Wang Donglai finished speaking, Secretary Li did not comment on what Wang Donglai said, but asked the next question.

"Professor Wang, can you tell us in detail about your views on P2P?" When saying this, Secretary Li paused and looked at Wang Donglai meaningfully.

Wang Donglai noticed this scene and thought about Secretary Li's question twice. After figuring out the meaning, he pondered for a while before speaking: "Without investigation, there is no right to speak. This is what a great man said, so I still conducted a detailed investigation on P2P!"

"In 2007, the first P2P online lending platform in China was established in Shanghai, which made many investors who dared to try Internet investment aware of the P2P online lending model. Subsequently, some people also opened P2P online lending platforms."

"Between 2007 and 2012, there were about 20 online lending platforms nationwide, less than 10 of which were active, with a transaction volume of about 5 million yuan and about 1 effective investors."

"Because most of the practitioners are Internet entrepreneurs with no experience in private lending and financial manipulation, coupled with the imperfect credit system for Chinese citizens, the lack of connection and communication between platforms, the phenomenon of multi-platform lending, and eventually bad debts, various problems continued to pile up, and major platforms reduced the credit line for borrowers at the end of 2011, resulting in concentrated defaults. So from November 2011 to February 11, the first wave of default risks appeared, with the highest overdue amount of 2012 million, and overdue amounts of more than 2 million on major platforms."

"The following period from 2012 to 2013 was a period of rapid expansion, mainly in regional lending. Many entrepreneurs with experience in private offline lending and who were also interested in the Internet began to open p2p online lending platforms. Software development companies developed relatively mature online platform templates to make up for the technical deficiencies of entrepreneurs with experience in private offline lending in opening online lending platforms. As a result, the number of domestic online lending platforms increased rapidly from 20 to 240. By the end of 2012, the monthly transaction volume reached 30 billion yuan, with between 2.5 and 4 effective investors."

"By 2013, as the development of online lending system templates became more mature, you could even buy early online lending platform templates for a few hundred yuan on Taobao, and major domestic banks tightened their credit, so many companies and speculators who were short of funds saw business opportunities on p2p online lending platforms."

"During this period, the number of domestic online lending platforms increased sharply from 240 to about 600, with monthly transaction volume of about 2013 billion yuan at the end of 110 and 13 effective investors."

"In 2014, the government expressed its attitude of encouraging Internet finance + innovation and gave strong policy support to P2P online lending platforms, which led many entrepreneurs and financial giants who have always paid attention to online lending platforms but were afraid of policy risks to try to enter the field of Internet finance (ITFIN) and set up their own P2P online lending platforms."

"So, in August, online lending platforms were launched in large numbers. However, by the end of April, the monthly transaction volume of p4p online lending platforms nationwide exceeded 2 billion yuan, and by the end of the year, the monthly transaction volume exceeded 160 billion yuan. The number of platforms increased to about 350, and the number of effective investors reached 1300."

"At present, there are more than 2 registered P1800P platforms in China, and the transactions in the online lending industry have exceeded one trillion yuan. Although this number is huge, it is still far from meeting the needs of the entire investment market. The online lending industry is still in its early stages of developing investment needs."

When Wang Donglai was reciting this information by heart, Secretary Li gently interrupted him.

"Professor Wang, where did you get this data? Can you guarantee the authenticity of this data?"

Wang Donglai looked at Secretary Li, nodded seriously, and said, "Secretary Li, you know, I'm a mathematician and I'm very sensitive to numbers. These things are not complicated."

Secretary Li nodded and said, "Professor Wang, please continue!"

Wang Donglai didn't take it seriously and continued, "When anything new comes out, it will cause confusion and problems. When the P2P industry was booming, I also saw cases of forged targets, broken capital chains, and absconding with funds. They abandoned their original identity as P2P intermediary platforms and set their profits at 0.5% of the borrower's handling fee and 0.5% of the lender's service fee. The domestic P2P industry began to become alienated."

"P2P companies package debts into financial products and sell them to the public through the Internet and physical stores, with annual yields ranging from 12% to 20%. Public funds go directly into the company's account or the legal representative's personal account. They have gradually transformed from a simple 'fund supply and demand matchmaker' to an institution that accepts deposits and issues loans."

When he said this, Secretary Li's eyes flashed and he made a note of this key point.

"There are no entry barriers, no industry standards, and no institutional supervision. This is the main reason for the disorderly competition among domestic P2P institutions."

"Platform companies have nothing. They lend other people's money and make their own money. As long as the platform lends money, it will make money. This business model will definitely have problems."

"I actually have some more information here. I wonder if Secretary Li would like to see it?"

Secretary Li smiled confidently and said, "If Professor Wang thinks it can be useful in solving this problem, you can bring it out."

Wang Donglai nodded, hesitated for a moment, and then said, "I don't know if Secretary Li has ever worked at the grassroots level, knows about private lending institutions, and knows the work style of these private lenders."

"As mentioned before, because there is no entry threshold for this industry yet, there is no need for a financial license, no industry standards, and no institutional supervision, private lending institutions have moved from offline to online, which has led to a situation where the influx of private lenders has formed the working style of P2P companies."

"Offline debt collection, leaking contact lists, throwing paint on doors, violent debt collection, etc., these methods are commonly used."

"The worse situation is that it happens on university campuses. P2P companies are lending to students. The loan amount is small. Each student can get a loan of several thousand yuan with their student ID and ID card. If they borrow yuan, they will get yuan and pay yuan a month."

"As a result, many P2P companies only need a few million yuan in capital to start operations. Such businesses can also be called Internet finance + innovation, so a large number of urban demolition households and gray industry practitioners have joined, and their quality varies."

"Through campus agents, posting small advertisements, sponsoring school events and other means, small and medium-sized platforms have officially entered university campuses and spread among college students."

"These platforms claim to be 'unsecured loans', but in reality they take away all the students' private information, including name, ID number, phone number, home address, school, class, parents, relatives, etc."

"Some platforms only do business with female college students. In addition to this information, they also add a 'nude photo', which completely binds college students."

"Secretary Li knows that I am a mathematician, so I developed a model and made a large prediction model based on the development trend of p2p companies in recent years."

"Subsequent P2P companies will grow rapidly. By 2018, it is estimated that there will be more than companies, and the annual transaction volume will easily exceed one trillion yuan."

"Such a huge industry, growing so rapidly, involving so much money, but lacking necessary measures such as supervision and entry barriers, in my opinion, the probability of problems is 100%."

"Donations will disappear and funds will collapse. This is bound to happen on a large scale."

"This is not something I calculated using a mathematical model. This is something that anyone who understands human nature can understand!"

"I wrote this report. I am willing to be responsible for the authenticity of this report and take responsibility for it!"

"Born and raised in China, I have great hopes that the country can develop better, become stronger and richer, and lead all the people to a well-off society. Galaxy Technology is committed to changing lives with technology, improving productivity, and liberating productivity, so I don't think it's wrong for me to write this report, both emotionally and rationally."

Hearing Wang Donglai's words, Secretary Li's expression suddenly became serious, and he said in a very serious tone: "Professor Wang, I understand your thoughts and your feelings very well. Please rest assured that I will report these situations to the leadership. Please trust the leadership and the organization."

"The questioning ends here. I need to go back and report the situation to my superiors immediately. If there is any follow-up, I will come again. Professor Wang, you should stay in Beijing as much as possible during this period of time. Just do other things you need to do."

Secretary Li stood up and said these words to Wang Dong with great sincerity.

"It is precisely because I believe this that I am writing this report!"

Wang Donglai replied seriously and meaningfully.

After Secretary Li left, Wang Donglai breathed a sigh of relief, feeling relieved.

He has done everything he can do, and he cannot decide what the higher-ups will do. (End of this chapter)