Gold Investor

Chapter 105 Internet Finance (1)
Jiang Ruobing really eloquently said: "When the Wanda Group expanded across the country, it launched dozens of Wanda Plazas at the same time. Wang Jianlin made a rule that funds between projects cannot be misappropriated. His idea is that a project's capital chain Fracture is only a local problem, but the funds between projects are borrowed and borrowed. Once there is a problem, it will be a disaster. The expansion plan launched by Mr. Yuan has made the company's capital chain very tight. The east wall complements the west wall, so if there is a slight mistake, big things will happen."

1 It is immoral for a subordinate to speak ill of a superior; it is incompetent for a superior to speak ill of a subordinate

On the weekend, Fang Yubin planned to go shopping in the second-hand book market.As a capital of literature and art, Shanghai's second-hand bookstores are dazzling.Especially those young literary and artistic people who are dressed in fashion seem to have promoted the second-hand bookstore to the position of fashion highland.

For example, the Dukou Bookstore on Julu Road, which has never been changed for many years, is its symbol of Brigitte Lin; the Hanyuan Bookstore on Shaoxing Road is a combination of bookstore and coffee shop, with many old-fashioned objects hidden deep inside. It is a must-see for Leslie Cheung fans who come to Shanghai. The independent bookstore adjacent to the Shanghai Library has turned the bookstore into a messy and beautiful grocery store, and all kinds of weird things are the collections of the bookstore; the cat's sky city bookstore is more famous than books, It is the signature handmade milk tea in the store; there is also the Qiancai Bookstore downstairs of Zhang Ailing's former residence in Changde Apartment, which is like a holy place in the hearts of Zhang Ailing fans...

These old-fashioned bookstores all claim that they not only sell second-hand books, but also sell a kind of sentiment.It's a pity that Fang Yubin is neither a literary youth, nor does he want to show off his style, he just went to find a few books, so he had to find another place.

Now that he has invested in Internet finance, Fang Yubin naturally wants to learn more about professional knowledge.The concept of Internet finance itself is an imported product. Most of the books on the market are translations of foreign scholars' works, which belong to second-hand dealers.Moreover, many books do not even have Chinese translations.For example, Yunus, a Nobel laureate who is known as a "banker for the poor" and has been focusing on microfinance for many years, has no Chinese translations for many of his works.

Speaking of old bookstores in Shanghai, Su Jin is very familiar with them.Last night, Fang Yubin had the cheek to call and ask Su Jin for advice.Su Jin told him that there are two good places in Shanghai Bund if he wants to seriously search for books.One is Taofen Western Publishing House on Changle Road, which specializes in selling original foreign language books.The other is the Fudan Used Bookstore adjacent to Fudan University, which has a large collection of books, not only in foreign languages, but also in Taiwanese editions. Perhaps the reason for the earlier opening is that Taiwan translates more foreign language books, and the translation level is also good.

Fang Yubin was overjoyed, not only because he found a satisfactory answer, but also because he found that Su Jin's attitude towards him was gradually changing.He didn't even answer the phone before, but now, although he speaks sarcasticly, he can at least say a few words.As for women, you have to coax them slowly, sincerity is as good as gold and stone, this seems to be true.

Fang Yubin's English level is probably not good enough to pick up the original foreign language books directly, so let's go find a few Taiwanese version books.Even if they are all second-hand dealers, after all, there is a difference between superior and inferior.

Fudan Used Bookstore is located on Zhengsu Road, Yangpu District, next to a vegetable market.The bookstore is on the second floor, surrounded by several hotels and Internet cafes.Standing at the door of the bookstore, you can hear the yelling of the vegetable sellers downstairs, and the screams of people playing games in the Internet cafe from time to time.Compared with those second-hand bookstores that sell feelings, the environment of this bookstore is simply extremely crude.

Walking into the bookstore, there is something different inside.All the space in the store is occupied by bookshelves and books, and it looks like a sea of ​​books.In order to expand the limited space, the mezzanine above the wooden stairs in the middle is also filled with old books, and the passage in the store can only be passed by a single person. Some books have nowhere to be placed, so they are piled on both sides of the aisle.

The owner of the bookstore was not enthusiastic. When Fang Yubin came forward to ask, the owner just said lightly: "I can't tell you how many books there are in the store. I don't remember if there are any books of the kind you mentioned. Find it yourself." .”

At this time, a voice came from the side: "Sir, the book you are looking for may be in the mezzanine at the corner."

Fang Yubin turned his head and saw that it was a young woman who was talking - long black hair, an elegant dress, a standard oval face, bright almond eyes, and a slightly rosy cheek.When she spoke, she had a smile on her face, and her pair of dimples looked very cute.

"Thank you." Seeing such a naturally beautiful beauty, Fang Yubin was taken aback for a moment before thanking her.

"You're welcome." The woman nodded slightly, turned around and left with the book in her hand.

Looking at the woman's graceful back, Fang Yubin thought, is this the waiter in the store?It doesn't look like much.Are you a student at a nearby school?It seems that he is older than the average college student.

The cabinets in the store were scattered all over the place, and Fang Yubin looked up again, but there was no woman in sight.Following the guidance just now, he came to the mezzanine at the corner.

The books displayed here are almost all financial.There are not only original foreign language books, but also many Taiwanese editions, which are rarely seen in the market.Fang Yubin squatted down and read carefully.

After a while, Fang Yubin had selected seven or eight books.He was happy in his heart, this trip was really worthwhile.There are so many good books, you must read them carefully when you go back.Fang Yubin was holding the book and wanted to go to the counter to check out, when the woman came into his sight just now.

The woman was leaning on the bookcase, holding a book on economics in a foreign language with yellowed paper in her hand, and she was engrossed in reading it.There are several books piled up beside her, probably she just picked them out, and she hasn't paid for them yet.Among these books, "Wealth Has No Myths" written by Fang Yubin is also impressively listed.

Fang Yubin was a little hesitant at first, so he took the initiative to strike up a conversation, isn't it a little frivolous?Seeing that the woman had chosen her book, she immediately mustered up her courage, stepped forward, and said, "Hello!"

The bookstore was full of attentive readers, Fang Yubin deliberately lowered the volume.He couldn't think of a proper address for a while, so he could only blurt out "Hello".Alas, the extensive and profound Chinese language has so many gorgeous words, but now when people want to greet someone, they can't find the right words.If in Taiwan, Fang Yubin could call her "Miss" generously, which is the most formal and appropriate title.But in mainland China, the word "Miss" cannot be easily exported.Where's the girl?It seems that this is the elders calling the younger generation, and it is inappropriate to use it between the same generation.The most popular thing nowadays is probably to call "beauty", but in a place as elegant as a bookstore, calling "beauty" and "handsome guy" is too vulgar.

Perhaps Fang Yubin's voice was too low, or perhaps the "hello" was heard by other people who did not know who he was calling. In short, the other party kept staring at the book without even raising their eyes.

Fang Yubin was not discouraged, took a step closer, and called "Hello" again.The woman finally raised her head, stared at Fang Yubin with some doubts in her eyes, and asked, "Are you calling me?"

Fang Yubin nodded, raised the book in his arms again, and said, "Thank you, just now you said that financial books are in the mezzanine at the corner, I came over to have a look, and it was indeed true."

The woman smiled and said, "It's okay. Just find the book you want." Seeing that Fang Yubin had no intention of leaving, the woman asked, "Is there anything else?"

Fang Yubin said: "I'm just curious. The books you picked are all about economics. In my impression, girls don't seem to like this kind of books."

"Personal hobbies are different." For a beautiful woman like her, a few headless flies would fly around from time to time, buzzing.The woman replied lightly, and continued to look down at the book.

But Fang Yubin said: "I see that many of the books you selected are classics. It's just that this "Fortune Has No Myth" is not vulgar, neither high nor low. Compared with other books, it is far behind."

"You have a good eye." The woman raised her head again, a smile appeared on the corner of her mouth, "I just turned a few pages of this book. In comparison, it is several grades worse."

Seeing his book being evaluated in such a way, Fang Yubin became aggressive again, and he said, "If this is the case, why are you buying it?"

The woman blinked: "I need it for work, buy it and have a look."

"What kind of work do you need to read this book?" Fang Yubin asked.

When a stranger broke the casserole and asked the end, the woman felt a little displeasure in her heart, but seeing the man in front of her, who behaved well and spoke appropriately, he didn't seem to be an idler, so she replied: "The person who wrote this book is me. colleague."

When Fang Yubin heard this, he was really angry and funny.It doesn't matter if you cheat, but Li Gui meets Li Kui.He shook his head: "No, it seems that the author of this book does not have a colleague like you."

When the woman heard it, her face was full of surprise.She looked at him again and asked, "Who are you?"

Fang Yubin smiled and said, "I am Fang Yubin."

"You are Mr. Fang, I'm sorry." The woman quickly put down the book: "My name is Jiang Ruobing. We are not colleagues, but we should have known each other a long time ago."

Upon hearing Jiang Ruobing, Fang Yubin immediately came to his senses.Yuan Ruilang said long ago that he hired a beautiful woman and an elite in the banking industry to be the chief financial officer of Yijia Financial Holdings.This person's name is Jiang Ruobing.After Xinglan Capital invested in Yijia Financial Holdings, Jiang Ruobing gave up the position of chief financial officer to the representative of the investor, and was promoted to vice president of Yijia Financial Holdings.Fang Yubin has seen Jiang Ruobing's name on various documents, and heard it mentioned by people around him that Jiang Ruobing is a beautiful woman, but he has never met him.

"It turned out to be Mr. Jiang. Nice to meet you!" Fang Yubin politely extended his hand and shook hands with him.

Jiang Ruobing was a little embarrassed. What he said just now had degraded his book too much.Fang Yubin saw Jiang Ruobing's thoughts, and resolved it with a joke: "Fortunately, we didn't know each other before, otherwise how would you confide in your heart? I can't hear pertinent opinions."

Jiang Ruobing laughed: "Mr. Fang came to our company several times, and I was on a business trip. You didn't come to the company's establishment ceremony. Otherwise, there would be no misunderstanding."

The voices of the two were unconsciously amplified, attracting the attention of the surroundings.Jiang Ruobing stuck out her tongue and said to the people next to her, "I'm sorry, I'm sorry."

Fang Yubin also lowered his voice and said, "This is not a place to talk. After we have selected the books, let's go out and talk." Jiang Ruobing nodded with a smile.

After leaving the bookstore, Fang Yubin held the books the two bought in his hands.The environment downstairs of the Fudan second-hand bookstore is not good, and people come and go from the vegetable market.Fang Yubin looked at his watch and said, "It's almost noon anyway, if you don't mind, can I treat you to a meal?"

Jiang Ruobing nodded and said, "President Fang treats me, I'm flattered."

"That's good!" Fang Yubin said, "Let's take a look as we walk, and sit in any good restaurant we see."

The two turned around a few small roads, saw a Shanghai local restaurant on the side of the street, the decoration was not bad, so they went in.The ordering was naturally left to the lady. Jiang Ruobing ordered local snacks such as crab shell yellow, fried rice, rice cakes, and duck blood vermicelli soup.Putting down the menu, Jiang Ruobing said, "I have heard many stories about you before. I know that you were once the youngest branch general manager of Rhodium Capital, and you are colleagues with Mr. Yuan."

Fang Yubin smiled and said, "I've also heard a lot about your legend. I know that you have worked in state-owned banks and foreign-funded banks, and became an elite in the industry at a young age."

"By the way," Fang Yubin said again, "What do you think is the difference between working in a bank and doing Internet finance today?"

Jiang Ruobing said: "Theoretically speaking, when banks make large loans, P2P platforms should focus on microfinance. However, Yijia Financial Holdings now has a wide variety of businesses, and some large loans are also being done."

"Like a loan of [-] million to a steel factory in Jiangzhou?" Fang Yubin said with a smile.

"You also know about this project?" Immediately, Jiang Ruobing said again, "By the way, I remember Mr. Yuan told me last time that you and him went to Jiangzhou for investigation. In fact, similar projects are located in Zhejiang, Anhui, Yijia Several sums were also released, all of which amounted to tens of millions."

Fang Yubin asked: "You don't quite agree with this approach?"

Jiang Ruobing paused for a moment, and said, "These projects were decided by Mr. Yuan, so he has his reasons."

Fang Yubin could tell that Jiang Ruobing and himself were far from open.Besides, I am not a rookie in the workplace, and I know that some words cannot be easily exported.Fang Yubin asked again: "Mr. Yuan and I both came from investment backgrounds. Can you tell me what is the difference between investing and P2P finance?"

"The biggest difference should be reflected in the concept of risk control." Jiang Ruobing said, "Investment companies care more about vision and courage. For example, if a venture capital invests in ten projects, even if nine of them lose their money, as long as one of them is listed on the stock exchange , still earning a lot of money. But in P2P finance, if ten sums of money are released, if half of them fail to repay on time, it will be a disaster."

Fang Yubin nodded.Risk control is indeed the top priority of P2P finance. He was very interested in this topic and asked, "In your opinion, what should be paid special attention to in risk control of a P2P platform like Yijia?"

Jiang Ruobing didn't know whether Fang Yubin was sincerely asking for advice or trying to test himself, so he could only reply sternly: "I think the most important thing about risk control of P2P financial platforms is to do five things and five things not to do."

Fang Yubin sat up straight: "specifically?"

Jiang Ruobing said: "First, don't just look at the loan record, but look at the ability to fully perform the contract. Unlike the United States, China has not established complete personal or corporate credit data. There are even many people who, before cooperating with P2P platforms, did not No previous lending behavior. Therefore, the borrowing history cannot cover most customers, especially online small consumer finance customers. Fortunately, with the development of technological means, people without credit records can already have intuitive and quantitative credit evaluation. For example, shopping, consumption, water and electricity payment, public welfare, etc., can feedback the user's credit status."

Jiang Ruobing went on to say: "Second, don't just pay attention to the pre-lending process, but also manage risk throughout the entire process. The risk of customers is constantly changing before, during, and after the loan, and the P2P platform must monitor the credit status of customers in real time. Dynamic monitoring and timely response."

Jiang Ruobing added: "Third, don't just focus on the risk list, but have insight into all possible fraud risks. Financial fraud emerges endlessly under the new situation, and the establishment of a so-called blacklist is only the first step in anti-fraud methods. Even good people are behind Possibly the bad guys are faking it."

At this point, the waiter brought the dishes.Fang Yubin picked up a piece of crab shell yellow and put it on Jiang Ruobing's plate.This well-known snack in Shanghai is shortbread made from fermented flour and shortbread.Only because it looks like a crab shell and is golden in color, it is called crab shell yellow.In an era of scarcity of supplies, Yangcheng Lake hairy crabs are not affordable for everyone.Therefore, this dish of crab shell yellow is also called "the poor man's hairy crab".

The crab shell yellow made by this restaurant is pretty good, salty and sweet, and the skin is crispy and crispy.Jiang Ruobing took a bite and put it back on the plate.She continued: "Article [-], don't be superstitious about manual approval, use technology to realize automated decision-making. Manual approval takes a long time, is inefficient, and there are potential operational management risks. Of course, some people will question that all use of automated approval, even Customers can’t even see each other, so there will be problems of impersonation. In fact, these problems can be solved by technical means. For example, it is now possible to identify whether the operation is performed by the user himself or not based on the speed and frequency of typing the keyboard.”

Fang Yubin nodded and said: "For P2P financial platforms, automation is undoubtedly the direction of development. If we still insist on manual approval, what advantage do we have over traditional banks or loan companies?"

"That's right." Jiang Ruobing agrees with Fang Yubin's idea, "If we have been using salespeople to attract investors, and the offline development model of manual approval when lending money, compared with traditional loan companies, we will only have one more website, and there will be no It reflects the convenience of the Internet."

(End of this chapter)