Winning the new financial era

Chapter 33 Dancing on the tip of the knife
Looking at Fan Hongyang's increasingly heavy breathing on the other end of the phone, Zhang Yida knew that he was afraid and nervous.

Zhang Yida paused for a moment, thought about it, forget it, let's say it all!

Let's see how Lao Fan makes his choice!
So he went on to say:

“If the maturity of the risk mitigation is shorter than the current exposure, a maturity mismatch arises.

Take a simple example.From the perspective of the platform side, it means that you borrowed a sum of money and agreed to pay it back today, but you will not be paid until next week, which creates a deadline mismatch.

How to do it?If the financial situation is good and you can rely on your own reserve funds to ease the repayment pressure, then it is at most a short-term financial crisis;

However, what if the platform has no money and can’t pay it back?As far as I know, some platforms will extend their claws to new investors, issue new bids to raise funds, and then use the raised funds to repay the outstanding principal and interest of projects that have expired.

Once this pattern cannot be solved in time by relying on positive capital flow, it will form a long-term snowball pattern, that is, a "Ponzi scheme".

And what about the capital pool?
Generally, it is through a third-party payment channel, allowing investors to recharge to the platform account.Then the money recharged by investors can be touched by the platform.

When investing in the target, the investor recharges the funds, votes for the winning bid, and then the platform transfers the funds to the borrower's account.

Among them, there is no direct transfer record between investors and borrowers, and the flow of funds here is seriously opaque.

The fund pool is easy to prompt the platform to misappropriate funds to make up for bad debts, and it is also easy to form a Ponzi scheme.

However, it does not mean that the above things will happen if you get a fund pool.The main thing is to look at the professional ethics of the platform people.

If you set up a fund pool and honestly use it for lending without any misappropriation, the problem is not too big.

In short, it doesn’t matter whether it is dismantling bids, mismatching deadlines, or even engaging in capital pools.The biggest problem lies in the platform operators and managers. As long as we can control our heart and do not reach out or misappropriate it, then there will be no Ponzi scheme and collapse. "

Fan Hongyang said:
"I understand all these. Banks and trusts also have capital pools and maturity mismatches. It is only necessary to do a good job in risk management and prepare sufficient risk reserves, so the risk will not happen. Or it can be remedied if it happens.

This is a game of drumming and passing flowers.Constantly use new short-term financial management to pay back the old ones. As long as the capital chain continues, the risk will not be exposed.

The biggest core still needs a steady stream of investors to join in and increase investment.

But once the number of investors decreases and the inflow of funds decreases, the risk exposure will be exposed.

How to remedy this?
We must take precautions and think of countermeasures in advance. "

Zhang Yida thought for a while, and from the experience of his previous life, the P2P industry is a typical bonus industry that "only recognizes the result, regardless of the process".

As long as you manage risks properly and the risks are not exposed, you will be a good company if you successfully land in the end.

Or if the risk is exposed, if you have money to pay the bill, and if you have money to pay investors, you are a good company.

Apart from the case of borrower default, the biggest risk is operational risk.

All kinds of fancy operations, all kinds of showy operations, this is how many companies play themselves to death.

I lived my whole life and chose this industry because I wanted to make a career out of it?So, with a straight mind, he said:

"You just have to be safe and bold to operate, if there is a risk, I will take all my personal property to cover the bottom line.

My shares in Ruixiang are worth 10 billion yuan, and even if they are sold at a low price, I can sell them for [-] to [-] million yuan.

We are all safe until Yimin's wealth is about [-] to [-] million yuan.

I am personally willing to sign an unlimited joint and several liability guarantee. If something goes wrong, I will sell the shares to investors for cash. "

Fan Hongyang was a little surprised by Zhang Yida's determination, and at the same time admired his responsibility. Following such a boss and partner, he couldn't be overly cautious!
So proudly said:
"That's fine, since Mr. Zhang has made up your mind to do this, then my old Fan is also willing to go crazy with you.

In terms of platform fund operation, I will do my best to control the risks as much as possible.

If you really can't stand it anymore, you still have to rely on Mr. Zhang to make a move. "

Zhang Yida continued:
"At this stage, it is due to the situation. Everyone is growing wildly. If you insist on being honest and developing step by step, you will only die.

Extraordinary times call for extraordinary measures.

After one or two years, after the platform operation is stable, it is still necessary to eliminate these hidden dangers one by one.After all, it is not a long-term solution. "

Hearing this, Fan Hongyang couldn't help admiring Zhang Yida's sobriety.

As a financial person, you must always be in awe of risks.

Zhang Yida lit a cigarette and recalled many past events.

For P2P, he loves and hates it. He loves it because he enjoys the industry dividend and earns money. He hates it because the industry is too lack of supervision, and too many people with bad intentions enter this industry.

Finally, bad money drives out good money.Honest development is not enough for people who embezzle investors' money to advertise or expand the scale of the enterprise.

Of course, most of those who engaged in self-incorporation and embezzlement also ended up in prison.

Those who successfully landed are very few.Basically, only the dozen or so companies listed on the New York Stock Exchange, Nasdaq, and Hong Kong Stock Exchange can survive.

Other small and medium-sized platforms, who develop honestly and want to be small and beautiful, all have to be slowly dragged to death by various high costs.

After taking a deep breath of the smoke ring, Zhang Yida sighed.

The "Hundred Regiment War" of group buying and the "Thousand Broadcasting War" of the live broadcast industry are also meat-grinding grounds, with very few winners.

There are five to six thousand P2P platforms in total, and it is estimated that no more than 50 will survive in the end.

Entrepreneurship in other industries has failed, and there is still a chance to make a comeback.

And Internet financial entrepreneurship is a stud that blocks all personal wealth and personal credit.

If you lose, your personal finances will go bankrupt, your credit will go bankrupt, and some will even be imprisoned.

Zhang Yida does not want to lose, dare not lose, and he has a grasp of the regulatory trends and industry development trends in the next six years, and he also believes that he will not lose.

The promotion plan made by Ruixiang Technology for Yimin Wealth has been released.

"A user who invests 100 yuan a month, the promotion price is 40 yuan.

The total promotion fee is 360 million yuan, and the promotion users are 9. "

After seeing this plan, Zhang Yida immediately agreed, and arranged for the operation directors of the two companies to start the docking work.

Zhao Sheng's life is going well recently, he has already opened five loan orders this month, and his face is dying of laughter.

Since the company started the cooperation with Ruixiang Technology, there has been a steady stream of customers.Zhao Sheng is also one of the beneficiaries of this wave of dividends.

However, Zhao Sheng is also a little worried. According to the previous understanding of the company, the company's monthly loan funds are only 2000 million. After the 2000 million is released, it will no longer accept new loan applications and incoming documents this month.

Now, the performance of the whole company is improving by leaps and bounds, and the 2000 million yuan is probably almost over!What if there are customers behind!
Just when he was worried, the director laughed and walked out of the boss's office.declared:

"A happy event! The company's loan performance broke through 2000 million today! All the friends have contributed a lot. The company paid for the dinner to celebrate everyone's success!"

Zhao Sheng felt a "thud" in his heart, and he came to whatever he thought.It's over, I can't do business this month!
Just when Zhao Sheng was grieving over there with a bitter face, the director spoke again:

"Also, don't worry!

In the past, when the company's monthly loan reached 2000 million, it would stop the application.

Now this rule has been changed, and it has been changed to 3000 million monthly loan funds.

The company has newly added a funding channel, so everyone can do business with confidence.In the future, if the company's performance is on the rise, it can also increase funds. "

Hearing this, Zhao Sheng was so happy that he almost jumped up.With an additional 1000 million loan funds, then I can do a few more businesses.

At the dinner table in the evening, Zhao Sheng cheerfully ran to the director, flatteringly said:

"Director, didn't our company only lend 2000 million yuan in loans every month before? Why did we suddenly increase our funds by 1000 million yuan now?"

The director drank some wine, was a little over the top, and said with a mouth full of alcohol:
"It used to be an old calendar. Now, if you look at our company's business and performance, it can be said to be thriving and booming."

Zhao Sheng immediately handed the director a cigarette, and after lighting it, said doglegly:

"It's all thanks to the leadership of the director. Our company's business has grown by leaps and bounds, which is unstoppable."

The director sucked a cigarette beautifully and said with a smile:
"Zhao Sheng, seeing that you have performed very well recently, let me tell you a few heartfelt words.

Our company has recently cooperated with a P2P company, which was introduced by Rui to the technology people.

Think about it, what kind of company is Ruixiang Technology?For a large company with a valuation of hundreds of millions of dollars, can they introduce it poorly? "

Zhao Sheng nodded, with a look of deep approval.He has such a good performance now and can earn so much commission, thanks to Ruixiang Technology!These are big thick legs.

The director continued:

"That P2P company is called Yimin Wealth, do you know what P2P is?
Let me tell you, P2P is the abbreviation of peer to peer, which means person-to-person, also known as peer-to-peer network lending.It is a private micro-lending model that gathers small amounts of funds and lends them to people in need of funds.It is a kind of Internet financial product.

It belongs to private micro-loan, a network credit platform and related wealth management behavior and financial services with the help of Internet and mobile Internet technology. "

Zhao Sheng was dumbfounded when he heard it. The director is the director, and he can speak so well.

Seeing Zhao Sheng's bewildered expression, the director felt that he was a bit too pretentious, and the kid didn't understand.So he continued:
"You don't need to know that much anyway.

As long as you know that Yimin Wealth is our partner, we recommend borrowers and they provide us with loan funds.

In the future, customers will be acquired through Ruixiang Technology, and lending will benefit people's wealth. Our company will take off.

You should seize the opportunity well, and when the company expands in the future, I recommend you to try as a team manager. "

Zhao Sheng understood this time, and nodded like a chicken pecking rice:
"Thank you for the cultivation of the director, I will definitely perform well in the future.

No matter where I am in the future, I will always be your soldier, the director, and I will always remember your kindness. "

The director laughed aloud, this kid is quite good at talking, and his performance is also good, so he can focus on supporting him in the future.

Zhao Sheng thought about it and felt that he had a question, so he asked again:

"Director, our company has a keen interest in acquiring customers in the future, and lending money will benefit the people. What is our company doing?"

The director thought about it, and it was the same reason. What role does the company play in this?As if nothing was done, oh, something was done anyway.

Contact customers and enter customer information.If the customer is overdue, they have to collect.

Why didn't Ruixiang directly cooperate with Yimin?I still have to find our company, and I can't figure it out.

The director said helplessly:

"I can't figure it out either! Probably because our company has many years of experience in lending!
We also signed a guarantee guarantee agreement with them. If the customer is overdue, we have to advance the money to Yimin Wealth. "

Zhao Sheng suddenly realized:
"This Yimin Wealth is good at doing business!

Give us the money to lend, they sit and collect the money, and the drought and flood guarantee the income!

Why doesn't our company open a P2P company to raise money for ourselves? "

When the director thought about it, it was a good idea to open a platform by himself, and report to the boss later, maybe the boss would remember his contribution.

Just when Yimin Wealth was preparing to take the loan company as the object of business transition, the loan company also saw the charm of P2P, and many people with ideas also wanted to start this business.

Without him, those who have not entered the industry feel that the profit is high and the threshold is low, and everyone wants to do it!So soon the fighting became a sea of ​​red.

(End of this chapter)