Winning the new financial era

Chapter 586 Building a Multinational Bank

"How is the P2P asset liquidation going?"

After meeting with Chen Shaojie, Zhang Yida then met with Fan Hongyang and Fang Yuhan, and asked about the latest status of P2P withdrawals.

"We only issue a small number of bids now, and the yield has also dropped considerably, but the supply is still in short supply, and users often wait for the time to grab bids."

When Fan Hongyang said this, he couldn't help but sigh.

Back then, in order to rob customers, various platforms kept stuffing various interest rate coupons and red envelopes for full investment discounts into user accounts.

Well now, the 6% rate of return is so much, and there are no other benefits, but the users have not lost their enthusiasm at all.

"We are not as good as Yimin Wangjin."

Fang Yuhan said with a smile, "You are a well-known platform with high independent traffic.

We are different. Didi has now completely stopped its cooperation with us. In half a year, the balance to be collected has dropped to only about 300 billion. "

Zhang Yida asked Fan Hongyang: "What's the situation? Users still have illusions about P2P. Haven't you seen such a thunderstorm half a year ago?"

Fan Hongyang smiled and said: "After all, nothing happened to our platform, right? Besides, Mr. Zhang is behind you as a solid backing, and users are very relieved of our platform.

There are not many P2P platforms on the market now, and no more than 200 are still operating normally.

Ordinary Chinese people lack investment channels, so our platform has become one of the first choices for investment. "

Zhang Yida is also convinced by this explanation. Sometimes the Chinese people are just too conformist and lack the ability to make independent judgments.

P2P can no longer be played, and I haven't figured it out yet, so it's no wonder that scammers are rampant and succeed every time.

However, this is also good, the replacement of Yimin Wangjin's funding source is still in progress, and a certain amount of funds is still needed to supplement.

"Yimin Wealth Management still has 800 billion to be collected, and Ruimin Wealth Management has 300 billion to be collected."

Zhang Yida paused, "Before June next year, Yimin Wealth Management must reduce the pending income to 6 billion, and Ruimin Wealth Management to 600 billion."

Looking at Fan and Fang, he asked, "Is this all right?"

"We have no problem. At present, Ruimin Wealth Management is almost the same as stopping operations, and users' funds can only be withdrawn.

The funds of Xinglongdai have also been replaced by banks and trusts, and no longer rely on any P2P funds. "

Fang Yuhan replied very decisively that the business direction of their Ruixin Group has been adjusted long ago. Enterprise credit investigation and enterprise finance are the key development directions, and some achievements have been achieved so far.

Even if all P2P businesses are stopped, the impact on Ruixin Group will not be great.

Zhang Yida nodded slightly. P2P business does not account for a high proportion of Ruixin Group, so it should be easier to adjust.

He looked at Fan Hongyang again and asked, "What about you?"

Fan Hongyang gritted his teeth and said, "We are a bit tricky, the boat is too big to turn around.

At present, the new loan assets, P2P funds and licensed financial institution funds are divided into half.

Digesting P2P assets to 600 billion by the middle of next year is not a big problem, but it will be troublesome for the business scale to return to the peak period in June last year. "

Zhang Yida waved his hand, "It doesn't matter if you don't return to the peak period, you should first resolve the risk of P2P assets."

Thinking that Fang Yuhan is not an outsider, and there is no conflict between Ruixin and Yimin Wangjin's financial business, Zhang Yida said again: "If you don't resolve the P2P risk, you will never get a consumer finance license."

Fan Hongyang nodded, "I know this, and I will definitely try my best to get it down."

Zhang Yida didn't say any more, instead of continuing this topic, he asked about the development of overseas business.

"Like Yimindai, it has already entered the Indian market and gained a firm foothold.

In the next step, we plan to focus on the three regions of Africa, Eastern Europe, and Latin America. "

Although the P2P business has suffered setbacks in China, Yimin Wangjin has also acquired banks in Indonesia, and established branches in many Southeast Asian countries and India.

The most important thing is that Yimin Wangjin has an operating profit of 4 million U.S. dollars this year, plus the 5 million U.S. dollars in dividends from Ruixiang Industrial Fund, and there are more than 20 billion U.S. dollars in the account. Fan Hongyang feels that Yimin Wangjin will acquire two more Any bank will do.

Zhang Yida laughed. I don't know if these CEOs under him are influenced by him, but they think about expanding every day, so as to spread their business all over the world.

The three regions selected by Fan Hongyang are relatively backward economically and are suitable for developing usury business under the skin of financial technology.

In regions such as Western Europe and North America, the banking industry is very developed, but it is not suitable for this kind of business.

Anyway, Zhang Yida heard that someone went to Nigeria, Ukraine, Brazil and other regions to lend money. Even in Mexico, he heard that there was a daring Chinese team to take risks.

For money, you can really sacrifice everything.

Seeing that Zhang Yida was in a good mood, Fan Hongyang took advantage of the situation and proposed his own idea of ​​buying the bank.

Zhang Yida thought carefully after hearing this.

"The acquisition of banks can be slow, and Yimin (Indonesia) Bank can go to India, Africa and other regions to open one or two branches."

Zhang Yida laughed again, "Are you trying to create an international banking group by doing this?"

Fan Hongyang really had this idea. He smiled and said, "I actually want Yimin Bank to enter China as a foreign bank?"

Although the majority shareholder of Yimin Bank is Yimin Wangjin, it is registered in the Cayman Islands. It is true that it is foreign capital.

"You reminded me that Yimin Bank can really expand along with Yimin Wangjin. In addition to lending money to local people, it can also provide some services to Chinese companies.

It is indeed necessary to open a branch in China to open up this service chain. "

Zhang Yida was thinking about the recent rumors that the country will further relax the opening of the financial industry to foreign capital.

If you want to invest in joint-stock banks, city commercial banks, and rural commercial banks, private capital is also acceptable, but each has its own restrictions.

Minsheng Bank and Ping An Bank are the only two joint-stock banks controlled by private capital, and he can't get involved. He can buy individual shares and become a director, but he is only a financial investment shareholder.

The business scope of city commercial banks and rural commercial banks is somewhat limited, and there are a lot of bad debts.

"Then I will go to India, Africa and other places after Chinese New Year?"

Fan Hongyang asked tentatively. He now understands that lending money is always a small matter, and the corresponding local license must be obtained. It is better to simply develop the banking business.

It’s just that the bank concept stocks are a bit unsexy, which directly changed Yimin Wangjin from a technology company to a traditional company.

However, Yimin Wangjin also has a lot of technology that can be used in the bank's risk control and operation. It is enough for Yimin Wangjin to do a good job in retail business.

Moreover, Yimin Bank is only a holding subsidiary of Yimin Wangjin. Apart from Yimin Bank, Yimin Wangjin can also carry out other businesses, such as domestic consumer finance business.

"Well, let's go, you can go and have a look first to understand the local restrictions on foreign investment and whether it is suitable for landing related businesses."

Zhang Yida also felt that some businesses of Yimin Wangjin overlapped with Ruixiang and Yimindai, and it was actually a good choice to go all out to promote the development of the banking business.

(End of this chapter)