Winning the new financial era

Chapter 643 Consumer Finance Trust
With the approval of the Jiangxi Supervision Bureau of the China Banking and Insurance Regulatory Commission and the approval of the industrial and commercial registration authority, "Zhongjiang International Trust Co., Ltd." was changed to "Yimin International Trust Co., Ltd.", and a new business license was obtained.

Of the 140 billion equity purchase funds, Yimin Wealth contributed 56 billion yuan, and Yimin Wangjin and Yimindai each contributed 42 billion yuan.

The three companies jointly established a company named "Yimin Investment", and controlled 71.3005% of the shares of Yimin Trust through this company.

The other nearly 29% of the shares are in the hands of a group of local state-owned assets in Gan Province, including Gan Province Financial Holding Group, State Grid Gan Province Electric Power, and Gan Province Welfare Foundation for the Disabled.

Except for a director sent by Gan Province State-owned Assets, the entire management power of Yimin Trust is currently in the hands of the Yimin Department.

Ding Siyao is the chairman, and Fan Hongyang, Chen Shaojie and others are the directors.

After taking over the trust company, Ding Siyao immediately mobilized staff from Yimin Wealth and two other Yimin-related companies, organized and dispatched more than 10 working groups to more than 100 cities across the country, and began to promote the face-to-face signing of the income right transfer agreement and the two-way agreement. recording work.

Yimin Trust is currently defaulting on more than 30 trust projects, involving 79 billion yuan of funds, covering nearly 400 investors, with an average investment of nearly [-] million yuan.

These more than 2000 investors were still screaming for land in the past few months, thinking that the investment may be suspended, and even if they want to return, it will be a long time later.

Unexpectedly, a turning point appeared!

Although Zhang Yida does not work in Yimin Trust, he is the chairman of the three listed companies of the Yimin Group.

The richest man came to buy Zhongjiang Trust, which was in a quagmire, and many investors were overjoyed, and now they are saved.

Zhang Yida didn't let them down either. Ding Siyao attended the investor meeting and promised that the new shareholders and management team would take responsibility and solve the problem of repaying the principal and interest of all defaulted trust projects.

Some investors are still investment clients of Yimin Wangjin, and they trust Zhang Yida's character and strength very much.

After appeasing the investors, Yimin Trust finally completed all the investigation and registration work in more than three months.

Starting from June, the principal and interest of investors have been paid one after another.

Everything is turning for the better.

The only bad thing is the recovery work of the breached projects. The staff of Yimin Trust are almost scolding their mothers.

Of the more than 30 defaulting projects, more than 20 are related to political trust and infrastructure projects.

Some of the remaining private enterprises are either about to go bankrupt, or are already going bankrupt and are going through legal procedures, and there is no prospect of getting the money back.

When Ding Siyao reported to Zhang Yida, he was in a lot of trouble: "These bad debts are more difficult than we imagined, and local protectionism is serious.

In addition, I am speechless when I see these projects. Risk control is basically a decoration.

None of the employees in the risk control department stayed, so I fired them all.

If it is serious, some people can be held legally responsible. "

Zhang Yida chuckled, "Calm down, the big fish has long since left, and now the rest are small shrimps, there's no need to make any troubles, just open it."

Ding Siyao nodded, "I know that people from the Department of Tomorrow have already slipped away, but it is difficult to repair the damaged company atmosphere all at once.

Many of the original staff were lazy, like a monk hitting the clock for a day.

I sometimes see them in the company, and when I see them all staring blankly, I feel very disgusted in my heart.

How do customers think of them when they go out to discuss business like this?What do you think of our company? "

Zhang Yida frowned, "Is it so serious? Then you have to change your blood."

"It's already being changed, all the high-level people have been replaced by our people."

Ding Siyao looked at the globe on Zhang Yida's desk, and said, "Time is too short, and I can't take care of the middle and grassroots at the moment."

Zhang Yida said calmly, "Then free up your hands and clean up all these old gangsters for me.

Those who have only joined the company in the past one or two years, and those who have not yet acquired some bad habits, can be cultivated and promoted.

It is impossible to kick everyone out, and those who can be reformed and guided correctly must be given some opportunities. "

Ding Siyao smiled slightly. She knew Mr. Zhang liked to train young people and give them opportunities.

Maybe it's because they are young people, they don't pay much attention to qualifications, but to ability and plasticity.

"Okay, we will make reasonable arrangements, and new trusts will be issued next month. If there are new trusts, we will naturally retain and reuse them."

Zhang Yida frowned when he heard next month, "Should we be in such a hurry? Wouldn't it be better to wait until things get straightened out?"

Ding Siyao smiled, "This time I spent 140 billion to go out, and now all of it is stored in ICBC as a purchase deposit, which drained Yimin Wealth's funds all at once.

The two of them are better at lending money, and we have been earning hard money.

And there are hundreds of people in this trust company, who eat horses, how can they do it if they don't do some new business? "

Zhang Yida smiled and nodded. The poorest of the three companies should be Yimin Wealth, with an annual profit of less than 10 billion, while the other two companies have been the owners of annual net profits of 30 billion in the past two years.

There are not many trust companies. The 68 trust companies add up to only 2 people. Zhongrong and Chuanshu Trust, which have the largest number of people, only have seven to eight hundred people.

The educational background is generally high, and more than 50% of them have a master's degree or above.

It is these 2 people who manage assets of more than 20 trillion yuan and create 8000 billion returns for customers every year.

However, since the year before last and last year, the trust has been thunderstormed one after another, and it has begun to lose popularity, and its scale has dropped from 26 trillion at its peak to just over 20 trillion.

However, no matter how adverse the market is, there are still institutions that make money, but the industry dividends are less, and more are competing with the skills of various institutions.

Ding Siyao said with a smile: "Actually, there is another reason why I am in such a hurry to issue new trusts. I want to retain those customers who have just received payment.

Our scale is too small, only 1500 billion. The average size of the industry is 3000 billion. The largest management scales of CITIC and CCB are 1.65 trillion and 1.4 trillion, which are more than ten times ours.

I know that the top ten are basically state-owned assets, and I don't want to compete with them, but we should at least rank in the middle and upper reaches! "

Zhang Yida said with a smile: "It's a good thing that you have a hardworking heart, but you can't blindly pursue scale and ignore your own risks."

Ding Siyao nodded in understanding, and said: "For the new business direction, I plan to combine the industry advantages of Yimin Wealth and the other two shareholders, focusing on family trust, securities investment and personal consumption finance.

Enterprise loans, government credit, local debt, and infrastructure are less involved, as the risk is too high, and it is not easy to recover if something goes wrong.

Taking the infrastructure loans previously granted by Zhongjiang Trust to small counties in the southwest as an example, the second-level subsidiary of the Finance Bureau of a small county was able to borrow 2 million yuan from the trust company.

What's even more frightening is that this small county has invested 400 billion yuan for infrastructure and tourism, but it has no historical background and the transportation is not convenient.

It is hard to say that the employees of these trust, private equity, and asset management companies are not involved, and without enough benefits, they will not be able to pass the level of risk control. "

Zhang Yida nodded, "You're right, let's do something we are good at! Let's forget that the 2 million yuan from Qianzhou doesn't come back, it's not our money anyway."

Ruixiang has invested a lot in Qianzhou and has a deep cooperative relationship with Moutai. It is not easy for Zhang Yida to make the relationship bad, which is not conducive to unity.

"Then do we still earn our commission?"

The commission mentioned by Ding Siyao is a condition set by the regulatory authorities and tomorrow's creditor's rights holders to Yimin Trust, and more than 30 billion parts are called back for the commission, which will be deducted from the subsequent balance of equity.

"No, in the current situation, let alone 30 billion, it will be difficult to get back 10 billion."

Ding Siyao nodded, "Yes, otherwise Zhongjiang Trust would not be our turn to take over."

"I heard that the first brother of consumer finance has already lent hundreds of billions in foreign trade?" Zhang Yida asked.

"Yes, FOTIC has done well, and has cooperated with many loan assistance and consumer finance companies.

In addition to Huinongdai, other companies under your umbrella, such as Jincheng Xiaojin, Ruixiang, Yimindai, Yimin Wangjin, and Xinglongdai under Ruixin have all cooperated with them. "

Ding Siyao remembered a rumor, so he said again: "Trust can lend directly. I heard that FOTIC doesn't plan to earn a share of profits and a fixed fee. It wants to launch a consumer finance app by itself and lend money by itself."

Zhang Yida laughed, "Hey, this is a change from B-side to C-side?"

Ding Siyao said indifferently, "I still don't see the big benefits, and want to end up naked. FOTIC has cooperated with so many consumer finance companies and loan assistance platforms, and some of them are unruly. The annual interest rate exceeds 50% and 100%. There are many complaints and complaints. Negative."

Zhang Yida thought for a while and said, "How about we develop a consumer finance app by ourselves? You know, our risk control level is definitely not bad, and then we will distribute Mung Bean to Yimin Trust, and use Yimin Loan and Yimin.com Jin’s risk control system and data are also shared.”

Ding Siyao's eyes lit up, "This is a good idea. The interest rate doesn't need to be too high. For student loans, we control the daily interest rate at 24/[-] to [-]/[-], not exceeding the licensed red line of [-]%.

Because the cost of capital is cheap, the profit will not be lower than that of P2P and loan assistance platforms.

Moreover, we have data and mature experience, so we should be more suitable than other trust companies to carry out personal consumer finance business. "

Zhang Yida smiled, "Okay, let's make it like this, you go discuss it with Lao Fan, Hong Haibo and the others, and come up with a specific plan."

　Thank you for the endless rewards of the sea of ​​learning and the boundless sea of ​​books, adding a chapter.

　　
　
(End of this chapter)