Winning the new financial era

Chapter 668 Quit P2P
"Mr. Zhang, are you really going to issue this announcement?"

Although he has already accepted the fact that the P2P tide is ebbing, Fan Hongyang is a little bit reluctant when the death penalty is really imposed.

He can be said to be a witness of this period of financial history, from the embryonic stage, to the outbreak, to the thunderstorm...

More than half of the colleagues I met at various financial forums in the past have entered.

If it wasn't for Zhang Yida, the God of Wealth, he might even have entered.

"Cut off the past to welcome a new beginning."

Fang Yuhan is much more decisive. The development focus of their Ruixin Group has long ceased to be P2P and loans, and a blue ocean of corporate credit is waiting for them to conquer.

Moreover, after so many years of P2P, no benefits have been lost, and all of them have been transfused to Huimin Chuxing, Yimin Wangjin, and Yimindai.

"How are the staff arranged?"

Ding Siyao is more concerned about this. A large number of employees of Yimin Wangjin and Ruixin Group are responsible for P2P and capital business.

Now that the business has stopped, the disposal of thousands of employees is a problem.

"Transfer!"

Zhang Yida said indifferently, "The HR of Ruixiang and Pater Holdings will come to pick people. In addition, doesn't Yimin Wangjin also have loan assistance business? All of them will be transferred to the asset side."

"They are all on the capital side, can you adapt to switching to the asset side?"

Fan Hongyang frowned, "Besides, we have enough staff for loan assistance business, so we can't fill many jobs."

"Then go to Ruixiang, there are many vacancies in Ruixiang."

Zhang Yida felt that he had done his best, and the decline of the industry was the general trend.

Not only their employees, but the boss himself is also taking the blame.

There is no way to choose a new industry and start all over again.

Society is like this, if they can't adapt to this, then gods can't save them.

After talking about the arrangement of the employees in a few words, Zhang Yida talked about buying out the debt.

"Yimin Wealth Management under Yimin Wangjin, Ruimin Wealth Management under Ruixin Group, and the two P2P companies currently have 850 billion to be collected.

Funded by Yanhuang Investment, all these credit assets are bought at one time.

Before July 7, all the principal and interest will be paid to each investor in one lump sum.

We quit the P2P business completely! "

Zhang Yida's words are sonorous and powerful, and his confidence comes from his shareholding in Ruixiang.

In China, no P2P boss is richer than him.

Although the P2P industry is messed up by a bunch of garbage and completely stigmatized.

But he can stand up straight and say: What he does is a formal P2P, and no investor has been harmed.

"Mr. Zhang, if you personally buy out these debts, I'm worried that some borrowers will find out and refuse to pay back the money on purpose?"

Fan Hongyang said worriedly in connection with the recent large-scale evasion of debts.

"That's right, they thought you are so rich, Mr. Zhang, so they just treated you like a local tyrant and divided up the land."

Fang Yuhan felt that what Fan Hongyang said was very reasonable, never overestimate the lower limit of a person's morality.

"Although I have collected the creditor's rights, the branches of Yimin Wangjin in various cities still have to continue to be responsible for recovering overdue and bad debts.

Yanhuang Investment can take part of the funds as compensation for employees. "

Fan Hongyang shook his head, "It's not that easy to handle, I just told you about it before, and now these borrowers are ganging up, and some of them are deliberately delaying the repayment.

Not to mention the use of violence during the recovery process, even if you swear a few words, you will be complained.

Regulators are simply overkill. "

Zhang Yida nodded, "You don't have to worry about this, Doushi and Kuaishou have already restricted the flow of these accounts engaged in the gray industry chain.

They got on my head, so naturally I want to show them some color. "

Regarding the anti-recovery account they mentioned earlier, Zhang Yida specifically asked the staff of Doushi and Kuaishou to pay attention.

Found that this kind of bad phenomenon really exists!
If the plot is not so bad, but just to talk about the little knowledge of credit cards, only the account number is limited.

If there is any diversion to WeChat for profit, the account will be banned directly.

"I have an idea." Ding Siyao said suddenly.

"What do you think?" Zhang Yida asked.

"Look, our loans can be long or short, the long ones are three years, and the short ones are three months or six months.

Although the interest rate is still within the red line, it is not low.

I don’t think it’s better than this. For early repayment, we will reduce the interest to a certain extent, or even erase all interest.

In this way, a large amount of loan principal can be returned.

Yanhuang Investment uses these funds to invest in some other projects, and the returns may be even higher.

In addition, the consumer finance market is booming now, and there are too many people in debt.

By recovering the money one day earlier, we can also minimize risks and losses. "

Fan Hongyang asked, "These loans are issued through Yimin Wangjin. If we only exempt P2P fund borrowers from interest, what will customers who borrow through banks and trust funds think?
Will we also ask our platform to reduce or exempt interest?

They don't know the relationship between P2P, Yanhuang Investment, and Yimin Wangjin.

It will definitely be blamed on us and affect the current new loans issued by our platform. "

Zhang Yida nodded, it is indeed possible.

Some people are just messing around, you gave the previous borrowers a discount, why didn't you give us a discount?
If there is no reduction or exemption, then I will not pay back the money.

"Now Yimin.com's funds are all connected to institutional funds, and they want to go to the central bank for credit investigation?
If they don't pay back the money, aren't they afraid that their children won't even be able to read books in the future? "

Ding Siyao smiled and said, "I think you are overthinking. These people are in the market and know how to seek advantages and avoid disadvantages."

Zhang Yida lowered his head and thought, he didn't really use the 850 billion for charity.

Interest may not be earned, but the principal must be returned, which is the minimum requirement.

The most ideal is to make a fortune, at least to fill in the 850 billion interest.

Among them, 700 billion yuan was pledged for Ruixiang's equity and borrowed from the four major banks.

Another 150 billion yuan, 50 billion yuan is its own funds, and another 100 billion yuan was transferred from Yanhuang Investment Hong Kong Company to China, and this money is also a loan.

It is equivalent to a loan of 800 billion yuan, and the annual interest is 32 billion yuan.

"Issuing an announcement first, announcing the complete withdrawal from P2P."

Zhang Yida quickly made a decision, and said: "There is no rush to reduce or exempt the interest, let's see the further situation first.

There is also the issue of cracking down on debt evasion, which is not only a problem for our family, but also for all financial institutions, including banks.

We have reached cooperation with many new financial institutions, including Leech Financial Services, Goudong Digital Technology, etc., as well as some commercial banks, credit card departments, and the police.

Malicious evasion of debts has seriously disrupted the social and financial order.

According to the relevant laws of our country, the borrower who fails to repay the loan after the due date will not only face civil legal responsibility, but if the circumstances are serious, he will be investigated for criminal responsibility.

The maximum sentence is between three and seven years in prison and a fine.

In the near future, a joint special operation will be launched to combat the arrogance of these old Lai Lai. "

"is this real?"

Fan Hongyang said happily, "That's great, we should have taken care of it a long time ago. Otherwise, we wouldn't be able to get along."

Zhang Yida rubbed the center of his brows, there were too many reasons for this.

The most important thing, as far as he knows, is that the major banks have loosened their risk control over the past few years, issuing cards and increasing the amount crazily, and then the bad debt rate has soared.

This time it was the Lao Lai who made a move on Tai Sui's head, and it was natural that there would be a thunderous blow.

These new financial platforms of theirs are just passing by.

(End of this chapter)