Winning the new financial era

Chapter 516
After returning to China, Zhang Yida immediately called Fan Hongyang, Fang Yuhan, Ding Siyao, Chen Shaojie and others together for a simple meeting.

Zhang Yida explained his thoughts clearly and clearly, as well as the news from the upper echelons.

"No way? Really one size fits all?"

Fan Hongyang looked in disbelief, "Didn't the supervisory authorities say that after the liquidation is over, companies that meet the qualification requirements will be given records?"

If this thunderstorm worth hundreds of billions hadn't happened, Zhang Yida still believed that there would be a chance of filing, although the hope was slim.

But this time the sky was broken, the top management was furious, and the road of financial innovation was coming to an end.

"But we have worked hard for five years, and finally built a [-]-billion-level platform, so we gave up so easily?"

Fan Hongyang couldn't hide the disappointment on his face, even though he also gained a huge amount of income from the growth of Yimin Wangjin.

But this company has also been with him for five years. He has witnessed the growth of the company, from weak to strong.

Now that the company is slowly weakening, or even completely eliminated, any founder may feel empty in his heart!
"Transformation is our only way out."

Several people looked at Zhang Yida in puzzlement, transformation?How to turn?
Zhang Yida narrated the plan that had been planned long ago, "The financial management function involves funds. If such a big thing happens, it must be impossible to keep it.

Because this has seriously affected the financial order, millions or even tens of millions of people have suffered heavy losses, and it can even be said that they have gone bankrupt.

Not only do regulators distrust the industry, but even ordinary users may not dare to trust this so-called online financial management any more. "

Zhang Yida's tone was heavy. They had been paying attention to the industry trends in recent days, so they naturally knew what Zhang Yida said was true.

After such a big setback in the industry, even if the regulators continue to allow operations, I am afraid that many users will be completely lost.

"Mr. Zhang, what do you mean... You can't do financial management, but you can still do it on the asset side?"

The Yimindai managed by Chen Shaojie is not P2P. According to industry terminology, it is called a "loan assistance platform".

P2P has suffered a severe setback, which has little impact on Yimindai.

Ruimin Financial Management can no longer provide funds, so they can still find cooperation with licensed financial institutions such as banks, trusts, consumer finance, and Internet small loans.

And the amount of funds is larger, and the cost is even lower.

Zhang Yida looked at Chen Shaojie, nodded and said, "That's right, loan assistance can still be done. Wholesale funds from financial institutions, loan assistance platforms themselves acquire customers, risk control, and lend money, and bad debts are also covered by loan assistance platforms."

"This is a good way to reduce the cost of capital to 8 points or even lower."

Fang Yuhan said with a smile, "Actually, I have thought about it a long time ago. Let Xinglongdai cooperate with banks and other institutions. They will give us funds, and we will be responsible for finding small and micro enterprises and controlling the risk of lending."

Zhang Yida asked: "How is the situation of Ruimin's financial management? I heard that many investors have come to the door?"

Fang Yuhan smiled wryly, "Now all the platforms in the country are like this, so this is nothing to us."

“For visiting investors, we must make proper arrangements, you can show them around the company, provide some fruit snacks, and even meals.

Let's show our tolerance, be generous, and we won't run away, so we don't have to have too many taboos.

Being timid will make investors look down upon them and have even less confidence in the company. "

Fang Yuhan nodded, expressing that he would definitely pay attention to this issue.

"There are three types of loan assistance platforms, the loan assistance platform that only provides customer acquisition, the loan assistance platform that provides basic funds, and the loan assistance platform that jointly lends money."

Fan Hongyang looked at Zhang Yida and asked, "What kind of business should Yimin Wangjin do?"

"The loan supermarket can be ruled out first, and it is basically coming to an end."

Zhang Yida thought for a while and said, "Let's start with a bottom-up loan assistance platform."

The bottom-line loan assistance platform now occupies the mainstream of the market, providing funds to banks, and the loan assistance platform finds insurance companies and guarantee companies to increase credit.

If there are bad debts, the loan assistance platform will take care of them first, and then let the insurance and guarantee companies take care of them if they can't cover them.

However, joint loans are very rare. Financial institutions such as banks provide most of the funds, and lending platforms provide a small part.

In addition to dividing the accounts according to the proportion of the invested funds, the loan assistance platform also charges a technical service fee from banks and other institutions.

In addition, customer acquisition and risk control are also operated by the loan assistance platform, and the bank and the loan assistance platform share risks and benefits.

The joint loan model is relatively rare, because it takes a lot of risk for the bank.

Currently on the market, only a few leading institutions such as Leech Financial Services, WeBank, and Ruixiang are qualified to cooperate with banks in this model.

As for other financial technology companies, banks generally don't trust them, for fear of stepping on thunder.

Fan Hongyang thought for a while, and indeed Yimin Wangjin was still far behind the giants. If the market value was maintained at tens of billions of dollars or even higher, there might be a chance to cooperate with banks for joint loans.

"What about the capital side of Yimin Wealth Management?"

Zhang Yida sighed, "Reduce bidding and gradually reduce the proportion of P2P funds in the asset side.

When P2P funds are completely replaced by funds from financial institutions, they will completely withdraw from the P2P industry. "

"I asked Yimin Wangjin to start the loan assistance business more than two years ago. What is the proportion of institutional funds now?"

Fan Hongyang frowned, "Not high, less than 20%."

"Give you 1 year, and next year you must reach 100% institutional funding."

Zhang Yida looked at Fang Yuhan again, and said, "It's the same with you, Xinglong Loan funds must be converted into institutional funds by the middle of next year.

In addition, Ruimin Wealth Management also reduced the number of bids, and simultaneously carried out inventory reduction with Yimin Wangjin and Yimindai. "

Chen Shaojie replied: "More than 50% of Yimindai's funds come from banks and other financial institutions. Before the end of the year, 100% of the funds should be converted."

"Okay, that's what you said, I'm waiting for your good news!"

Zhang Yida smiled, this was the only good news he heard recently.

I feel that Chen Shaojie's political consciousness is still very high. He was punished for running away from the educational institution last time.

"Mr. Zhang, what are the arrangements for Yimin Wealth?"

Of the four CEOs present, only Yimin Wealth under Ding Siyao was not instructed, so she couldn't help asking.

The main business of Yimin Wealth is wealth management, and has little to do with P2P and loan assistance.

In terms of impact, the stock market has a greater impact on this company.

"This year, due to factors such as the economic crisis and the sluggish venture capital market, the wealth management industry is not having a good time.

Let the investment managers below be more stable, don't ask for merit, just don't make any big holes. "

Speaking of this, Zhang Yida thought of that crazy woman Wang Jingbo.

I wasn't crazy at first, but I was almost driven crazy by the sharp drop of Yimin Wangjin and Yimindai.

The shareholders of the two companies have all made money, but this woman is the only one who takes over the business in a high position and is reluctant to cut the meat, so it has become like this.

I called myself just now and asked myself what my next plan for the two companies is.

I just expressed a little opinion casually, short-term bearish, long-term bullish.

In the end, the crazy woman said that she was fooling her and was leading her to the point of no return step by step.

Zhang Yida was a little puzzled, since he didn't believe me, why did he call me?Just hang up the phone to her.

As a major shareholder and chairman, how could it be possible to convey unfavorable messages to the outside world?

After the other three left, Zhang Yida left Fan Hongyang alone again, and made a special confession.

"Get a consumer finance license?" Fan Hongyang was a little surprised.

Zhang Yida nodded lightly, "But there is a premise, the P2P cancellation must be handled properly, and nothing can go wrong.

If there is a negative, basically the matter will be yellow. "

Fan Hongyang scratched his head, "But our current total assets are still far from 600 billion?"

Zhang Yida said with a smile: "You don't have to worry about it, I will find a way. You just need to do the things right now."

"Ok, no problem."

Fan Hongyang was in high spirits, and changed the loss and frustration of the past few days.

He knows the meaning of the consumer finance license, which means that if he is recruited, the grassroots will become a regular army, and the safety factor will be much higher.

Although the supervision will be stricter, at least it will not suddenly stop playing.

　Thank you for the rewards from the book friends of White Rice Like Frost Airplane Rice Bowl!

　　
　
(End of this chapter)