Winning the new financial era

Chapter 669
In mid-July, the Internet was swamped by two messages.

One is that Yimin Wealth Management, which has a principal and interest to be collected of 610 billion yuan, and Ruimin Wealth Management, which has a 240 billion yuan to be collected, have announced their withdrawal from the P2P industry.

He also wrote an affectionate "Letter to Clients":
From 2013 to 2019, six years, thanks to the company of 1 million registered users.

We have accumulated more than 3000 billion yuan of capital transactions, helping users earn more than 220 billion yuan in revenue...

In response to regulatory calls, we decided to withdraw from the P2P industry.

The principal and interest of all investors will be paid before July 2019, 7.

In the future, Yimin Wangjin will transform into a consumer finance company and continue to provide users with high-quality services.

……

As soon as this article came out, I felt the most about P2P investors, especially investors who stepped on thunder.

They are all envious of the good luck of Yimin Wealth Management and Ruimin Wealth Management investors. After investing for so many years, not to mention earning a lot of money, they got back their principal steadily.

The investors of the two platforms of Yimin Department are very reluctant. Without these two platforms, where will their funds be invested?

To buy a house, the funds are not enough, and the purchase is restricted;

If you buy Yu'e Bao, the income cannot outperform inflation;

Stocks, but also afraid of encountering the scallop games.

One after another, investors received investment funds that were paid in advance. After withdrawing cash, they still did not forget to post screenshots of the account-accumulated income page on Moments, Weibo and other social media.

……

Another piece of news is that the joint venture company led by Yimin Wangjin, Yimin Wealth, Yimin Loan, and Ruixin Group has been approved by the Beijing Banking and Insurance Regulatory Bureau, and plans to establish a "Yimin Consumer Finance" company.

According to the approval, the registered capital of Yimin Consumer Finance Company is RMB 50 billion.

The shareholding structure is as follows: Yimin Wangjin holds 30% of the shares, Yimindai holds 28% of the shares, Yimin Wealth holds 27% of the shares, and Ruixin Group holds 15% of the shares.

As the main initiator, Yimin Wangjin needs to meet a number of conditions.

Others such as: more than 5 years of experience in the field of consumer finance, continuous profitability in the last two fiscal years, no major violations of laws and regulations in the last two years, etc., etc. are all in line.

Only, the total assets are less than 600 billion.

But Zhang Yida used a little trick, and the total assets of Yimin Wangjin expanded to 600 billion.

……

According to the average stock price of the last 20 trading days, Yimin Wangjin issued 30% more shares to Yanhuang Investment, raising approximately US$8 million.

At the same time, a syndicate led by Industrial and Commercial Bank of China obtained a loan of 100 billion yuan and bought an office building worth 50 billion yuan in Beijing.

After such a toss, the net assets of Yimin Wangjin did not increase much, but the total assets increased a lot, breaking through the 600 billion yuan mark in one fell swoop.

All the problems that restricted Yimin Wangjin to obtain a consumer finance license have also been resolved.

The Beijing City Banking and Insurance Regulatory Bureau saw that Zhang Yida had done a good enough job. The P2P debt was bought out at a time of 850 billion, and all risks were transferred to Zhang Yida's Yanhuang Investment.

Therefore, the preparations for the establishment of Yimin Consumer Finance Company were also readily approved.

From a certain level, Yimin Wangjin finally has an identity and will not be cleared suddenly.

……

The stock prices of the three Yimin companies have been fluctuating recently, and there is a battle between long and short.

Killing and killing, Yimin Wangjin announced its withdrawal from P2P, and Yanhuang invested 850 billion to buy out all P2P debts.

Regardless of whether the large area of ​​bad debts blamed by muddy water actually exists or not, it has nothing to do with Yimin Wangjin.

In addition, the three listed consumer finance companies of Yimin Department are also good news.

Yimin Wangjin issued 30% more shares, which is also good news.

The three good news were released one by one, and the stock prices of the three listed companies of Yimin Department began to rebound.

In particular, Yimin Wangjin rebounded the most, directly rebounding from 8.2 US dollars per share to more than 20 US dollars per share, an increase of more than 150%, and its market value approached 70 billion US dollars.

Investment banks such as Goldman Sachs and Morgan Stanley also jumped out at this time, giving buy ratings one after another.

The founder of Muddy Waters, Carson Bullock, finally realized that something was wrong, and reluctantly began to buy back the shares of Yimin Department, preparing to close his position.

There are not many tradable shares on the market, and the short-sellers' buying orders further promote the skyrocketing stock price.

However, some small institutions involved in short-selling, the ones with added leverage, had insufficient margin, and immediately began to liquidate their positions, and were forced to liquidate by the institutions that lent stocks.

The stock price of Yimin Wangjin began to break through $30, $40... soaring!
The short sellers are eager to close their positions, stepping on each other, and the panic is further transmitted.

……

"Mr. Zhang, it's almost time. Should we close the net?"

Ding Siyao walked into Zhang Yida's office with a happy face.

Muddy Waters and the short sellers behind it were beaten badly this time, and they don't know what they were thinking. They really thought that the richest man in Asia got his name in vain.

"Well, it's pitiful to see them, sell some shares and close their positions!"

Zhang Yida felt that the heat was almost ready, and the stock price had doubled or tripled compared to before the short sale.

It is impossible to make the short position completely unable to close the position. He does not sell stocks, and there are other funds that sell stocks.

For example, these funds that borrowed stocks saw that the stock price has risen well, and it is almost the time when the stock price is the highest in the past year, and someone will definitely sell the stock.

If you are short, you can buy these stocks, close your position, admit defeat and exit.

And if the game is too big, the Americans will definitely intervene.

Ding Siyao was a little reconciled, thinking that this group of people was too cheap.

Zhang Yida smiled and said, "Okay, as long as you can make some money, the big move is almost done.

There are very few situations like Porsche's acquisition of Volkswagen's short squeeze.

Afterwards, it was investigated by the exchange. "

Ding Siyao nodded, "That's true!"

She smiled, "The muddy water that made the Chinese stock market fearful, this time you hit a socialist iron fist. I don't know if you will dare to do the stock market in the future."

Zhang Yida didn't have a particularly strong dislike for muddy waters. The trading market was chaotic, and it wasn't just for money.

However, it was bad luck for Muddy Water to meet him this time.

Just to resolve the P2P debt, set up a consumer finance company, set up a bureau, and made a small profit.

"Shorting will definitely still be shorting, and people rely on this to make a living."

Zhang Yida said with a smile, "Short selling is actually not worthwhile. If you are exhausted, you will not earn double, but if you are long, you can earn several times, dozens of times.

Therefore, more companies like to keep an eye on companies with financial fraud, and they are accurate when they are short.

Therefore, you need to be hard to strike iron! "

"What if there are still short sellers who refuse to surrender?" Ding Siyao asked again.

Zhang Yida laughed, "Then I'll add fire to them."

Within a few days, the Monetary Authority of Singapore announced that the consortium formed by Ruixiang and Grab obtained the digital full bank license in Singapore, and the consortium composed of four companies from Yimin Department obtained the digital wholesale bank license.

The Indonesian Monetary Authority OJK also announced that it granted Yimin (Indonesia) Bank the country's first digital banking license as a pilot project.

For financial technology companies, the financial license is the top priority. Without a license, it may be banned one day.

In July, several Yimin companies obtained consumer finance licenses and digital banking licenses from three countries in a row, which greatly promoted the stock price.

The short sellers who still wanted to hold on for a while couldn't stand it any longer, so they quickly closed their positions, for fear that the Yimin companies would announce some good news.

The hedge funds under Yanhuang Investment began to sell stocks, selling stocks at twice or triple the buying price.

　Thanks to the book friends of Qingfeng in the Sea for the reward!
　　
　
(End of this chapter)