Winning the new financial era

Chapter 211 Wuzhen Internet Conference

The [-]nd Wuzhen Internet Conference was held, and Zhang Yida was also invited to attend.

At the meeting, Zhang Yida delivered a keynote speech on "Compliant Development of Internet Finance".

Looking at the crowd of reporters and guests under the stage, Zhang Yida stood on the podium and began to speak:

"Internet finance, as one of the branches of the Internet Plus, has achieved rapid development in recent years. But at the same time, many problems have also been exposed.

For example: barbaric growth, illegal fundraising, bankruptcy and fleeing..."

The expressions of the reporters in the audience were very wonderful, and they thought to themselves: You deserve to be a young man!After sharing bicycles, Internet finance has started to release big news again.

I like this kind of entrepreneur, full of topicality, and news that can be capitalized and featured.

Similarly, some Internet finance entrepreneurs in the audience were not so happy.

They thought that if Zhang Yida called for supervision so much, he might cut off his own source of income!
Is it not good for the industry to grow wildly?You have to find a guardian for yourself to take care of it.

Regardless of what others think, Zhang Yida continued: "The state has always supported financial innovation. Internet financial entrepreneurs must be worthy of this support and the trust of users.

I appeal to: regulators to take action and introduce a "bank fund depository" policy.

Both the inflow and outflow of funds in the P2P industry must go through bank depository accounts.

P2P companies insist on information matching and do not touch users' funds..."

A reporter asked: "Mr. Zhang, will the introduction of bank depository accounts increase the operating costs of Internet financial companies?"

Zhang Yida nodded and said: "It is certain to increase the operating costs to a certain extent. However, Internet financial entrepreneurship is no different than others. Once there are mistakes, it will have a great impact on society.

For example: a user puts all his net worth into a P2P platform.But this P2P failed to manage well and closed down.

Then this user lost all his savings, what should he do in his future life?Unemployed, family members are sick, and need money urgently, what should I do?
The introduction of bank fund depository is not only responsible for users, but also improves the anti-risk ability of Internet financial enterprises. "

"Can bank fund depository improve the anti-risk ability of Internet financial enterprises?"

The reporter expressed doubts about this and asked again.

Zhang Yida didn't want to talk too much at first, but when he saw the hard-headed reporter asking another question, he continued:
"The so-called bank depository is to open a bank account for both the lender and the borrower of the P2P enterprise.

The lender's funds are directly distributed to the borrower through the bank depository account without going through the P2P enterprise.

The borrower's repayment is also returned to the corresponding bank depository account, and the bank transfers it to the lender.

P2P companies are only responsible for information matching between lenders and borrowers, and do not touch anyone's funds.

There is no guarantee that every entrepreneur has a noble character, and in the face of huge amounts of money, he will not be greedy or embezzle his thoughts.

With this kind of supervision method, risks can be isolated and the interests of users can be guaranteed. "

Another reporter asked: "Mr. Zhang, where is the profit of the platform reflected in this operation?"

"A service fee is collected, and a certain percentage of the service fee is charged to both the lender and the borrower for the daily operation of the platform."

The reporter also said: "This model has already been verified by Clapshoudai earlier!
In the end, Clap Loan compromised.The fee-charging model proves that it will not work in China.

Moreover, this model belongs to the lender who bears his own risk and bears his own profit and loss.

Mr. Zhang, what do you think? "

Zhang Yida naturally knew that Paipaidai, the originator of China's P2P, had failed, but he didn't think there was a problem with the model, but mainly because of the lack of China's credit system.

He continued to answer: "The reason for the failure is that the domestic credit system is not perfect, and the borrower data that Paipaidai provided for lenders' reference is too little.

In my opinion, the platform should shoulder certain responsibilities, and first use the risk control system to filter out some customers with poor qualifications.

Then push the customers who have passed the risk control system to the lender.

In addition, after the borrower defaults.The platform should also help lenders with collection. "

Most Internet financial entrepreneurs in the audience disdain Zhang Yida's speech. The information matching model is a dead end. Who would dare to try it?
If they think about it, you Zhang Yida said that the sky is the sky, and Yimin Wangjin also adopts the "credit matching" model.

It may have embezzled users' funds to place advertisements in the early stage, otherwise how to explain: In just two years, it was listed on NASDAQ?

You, Zhang Yida, have gone ashore now, washed off the filth on your body, and laughed at us instead.

If you start an Internet financial business with a huge amount of funds in your hands and don't know how to use them, it is simply a waste of money.

Now is a world of great competition, everyone is vying for users, desperately putting in advertisements, making subsidies, and increasing the scale.

In this case, whoever is one step behind is a dead end.

It’s no big deal to embezzle users’ funds to invest in some advertisements. Isn’t it good to fill in the pits after raising funds?

What am I worth compared to those Ponzi schemes?
Zhang Yida's words sounded like fart to them.

Zhang Yida himself knew that what he said was heard by many colleagues, not only would it not have a positive effect, but it might even have a negative effect.

Wealth is moving!

This is an industry that is too close to money!Take money to test a person's character.

……

night.

Jinyi Inn.

Invited by Bonima, Zhang Yida attended a dinner party hosted by a group of internet tycoons.

There are a lot of guests, Qiandu Robin Lee, Penguin Bonima, Sohu Charles Zhang, Zhuchang Ding Sanshi, Sina Cao Guowei, Lenovo Yang Yuanqing, Ctrip Liang Jianzhang...

Including Zhang Yida, there were 12 people in total.

"Come on, Yida, sit here."

As soon as Zhang Yida entered, he saw Ponima waving at him.

Zhang Yida greeted the bosses one by one, and then sat down next to Bonima.

"Yida, did you say you fired at the meeting today?"

Charles Zhang who spoke, Sohu also has a P2P company called Soyidai, and Zhang Yida is considered to be in the same industry.

"It's a reminder to everyone! The good times are coming to an end. It will not exceed two years at most, and there will be a strong regulatory storm."

Zhang Yida filled the liquor, had a drink with Charles Zhang, and said.

"Damn it. Is it so scary? Our pig factory is just getting ready to enter this industry, so here we go."

Ding Sanshi glanced at Zhang Yida in surprise, his eyes full of suspicion.

Zhang Yida chuckled, thinking to himself, let's talk about it, believe it or not, you can go.

Especially the pig factory, which is full of bags when it comes to Internet finance, is not as good as Sohu.

"Come, come, eat some of our own Weiyang pig, the meat is fresh and tender, it is definitely top grade."

Ding Sanshi is the person who treats the guests, so he quickly greeted the guests to eat.

Zhang Yida picked up a chopstick, and it felt very ordinary!It's not much different from normal pork.

"This pork is good! When you go back, pack two catties."

Charles Zhang praised.

"Haven't you been taking care of your health recently? Can you eat meat?"

Zhang Sanshi of Gaoling Capital asked Charles Zhang with a smile.

"Health is health preservation, pork is still eaten. If you don't eat enough, how can you have the strength to maintain your health?
Let me tell you, I recently met another health master..."

As soon as Charles Zhang heard about health preservation, he immediately became energetic and began to preach continuously.

"Let me tell you, at our age, we can really start to maintain our health."

Zhang Yida looked at Charles Zhang in bewilderment. The latter scratched his hair and said, "You are an exception. You are still young, I envy you! You can still be chic."

Bonima filled Zhang Yida's wine and said, "Come on, have a drink. It's the first time drinking with you, Yida, and I'm going to be happy today."

This is the Shaoxing rice wine that Lao Ding specially prepared for everyone. I can't live up to his good intentions, so I want to drink it up for him. "

Zhang Yida has long heard that Bonima drinks and persuades him to be first-rate, it seems that the rumors are true!
"Yida. I heard that you recently set up a family office?"

Robin Lee asked.

"Yes, it can be regarded as a business attempt! The joint family office is under the banner of Yimin Wealth.

Brother, you can also participate in one! "

Although Robin Lee is Zhang Yida's senior brother, Zhang Yida doesn't have much contact with him.

Earlier, when Huayi Capital was raising funds, it found the other party to invest 200 million US dollars.I haven't had any dealings since then.

Zhang Yida was actually very grateful to the other party, but he really didn't have much business interaction, so he didn't have much contact.

"Okay! I'll join one too."

Robin Lee said with a smile that Zhang Yida was indeed misjudged earlier.

First of all, when Huayi Capital raised funds, it only invested 200 million US dollars, which was too little.

Huayi Capital hit Toutiao, Didi, Meituan, Huimin Travel and other projects, and has already gained fame in the venture capital circle.

In addition, there are several unicorns in one of Zhang Yida's Internet companies. His relationship with Zhang Yida should be closer, but he didn't vote for a single project.

Robin Lee regrets it now, and has missed many investment opportunities.

So he is going to participate in Zhang Yida's joint family office to get closer.

"Okay, that's a good deal!"

Since Robin Lee wanted to join the multi-family office, Zhang Yida naturally had no reason to push it out. The power of more people is greater!
"Yida, have you set foot in a family office yet? It's amazing, so many industries, all of which have been flourished by you."

Cao Guowei and Zhang Yida are not very familiar with each other. They have only met each other in several forums. After hearing the conversation between Robin Lee and Zhang Yida, he couldn't help sighing.

"Yeah, look, Internet finance, shared bicycles, pet e-commerce, social e-commerce, wealth management... There are a lot of crossovers!"

Yang Yuanqing began to take stock of the industry for Zhang Yida.

"But in fact, it can be summed up in two major industries, the Internet and finance. It's just that there are a lot of upstream and downstream layouts."

Liang Jianzhang quickly defined it. He and Shen Beipeng started a business together, and often heard the latter mention Zhang Yida, so he still has some understanding of Zhang Yida.

"Young man! Do whatever you want! Come on, Yida, have a drink, I wish you a bright future."

Shen Beipeng raised his glass to congratulate.

As soon as Shen Beipeng opened his mouth, Zhang Sanshi also bet heavily on Zhang Yida, and raised his glass to congratulate:
"Come on! Yida, I wish you another brilliant chapter."

Several other bigwigs also congratulated separately, Zhang Yida has little competition with them, so the more you look at Zhang Yida, the more pleasing it is.

Zhang Yida drank one cup after another, and was dizzy and blushed from being fed by several big bosses.

"Come on, let's take a picture together!"

Yang Yuanqing took out his Lenovo phone and took a photo with everyone.

Everyone chatted while drinking, discussing some interesting things about the Internet, and what opportunities were missed by entrepreneurship in the past.

After drinking and eating, Lei Jun came late.

Everyone talked together for a long time, and then they left.

(End of this chapter)