Winning the new financial era

Chapter 219 Evaporation of $12 Billion in Market Value

After Cheng Xiangjun is settled, the next thing will be much easier.

Yi'an Insurance held another board meeting and elected Zhang Yida as the chairman of the company.

At the same time, Zhang Yida signed a private agreement with other shareholders, agreeing on a performance commitment.

Three years later, under the operation of Ruixiang, the net assets of Yi'an Insurance reached 50 billion yuan. Except for Yin Zijie, other small shareholders need to transfer 35% of the shares to Ruixiang.

Yinzijie and Ruixiang each hold 15% of the shares, and the other 70% of the shares are scattered in the hands of seven or eight small shareholders.

In other words, they will each transfer half of their shares to Ruixiang after three years.

The transfer price is also calculated based on the company value after three years.

Several small shareholders were very happy, selling half of the shares after three years, at least they can get back the principal and get a cash return of 1.5 times.At the same time, the remaining shares are worth at least 2.5 times the principal invested.

At the same time, they are still praying in their hearts, hoping that Ruixiang will operate Yi'an Insurance to 80 billion to 100 billion net assets in three years, so that they can earn more.

As the founding shareholder of Yi'an Insurance, Yinzijie spent a lot of thought and favor in applying for this insurance license.

So everyone sells him a face, and after three years, there is no need to sell the shares, and he can still retain 15% of the shares.

After all the signing ceremonies were completed, Cheng Xiangjun came over, shook hands with Zhang Yida enthusiastically, and said, "Mr. Zhang! We have a happy cooperation! The development of Yi'an Insurance is entrusted to you."

"It should!" Zhang Yida said again: "The risk control system is also up to you."

"Don't worry, it's on my old Cheng." Cheng Xiangjun couldn't close his mouth with a smile.

The cheapest version of Ruixiang’s risk control system costs 188 million, and the 3% discount is wholesale to Yinzijie. They sell one set, and at least they have an income of more than 130 million.

With years of bank relationships, Cheng Xiangjun is very confident in selling one or two hundred sets.

Moreover, the four major banks are using it. Are your small banks not keeping up with the times?
Cheng Xiangjun can't wait to go back to the company now, so that the sales managers below can act quickly, eat, give gifts, drink, and do what they should do.

After obtaining the insurance license, Zhang Yida has already collected four of the five licenses that Zhang Yida wanted.

Hanzhou Securities, Hantai Fund, and Ruixiang are only the second largest shareholders, and the largest shareholder is Handing Group.But Zhang Yida believes that in two years, sooner or later, he will be in his pocket.

There has been no news of approval from the Internet Bank.

But Zhang Yida also communicated with Liu Yonghao, and the other party told him that the problem is not serious, and there will be definite news in the middle of next year at the latest.

The former Shixing Internet Bank was also successfully established. Zhang Yida knew that Liu Yonghao was capable and had a deep relationship with the government and business, so the application for Internet banking would most likely be approved.

The only thing that Ruixiang has not got involved at present is the trust license. There are only 68 in the whole country, which is even rarer than the number of bank, securities, and fund licenses.

Although the number is small, the assets under management add up to 20 trillion.

Among all licensed institutions, this asset management scale is second only to banks and higher than securities and insurance.

In addition, trust companies can carry out almost all financial businesses such as financing, loans, securities investment, bond underwriting, equity investment, etc. Under the current policy of separate operation and separate supervision, a single license can be called a "full license financial holding group".

Every news that a trust license is about to be transferred will trigger a frantic rush in the market.

In the previous life, Penguin and Ari had collected almost all the financial licenses, but there was no trust license, which shows how difficult it is to obtain.

Can meet but not ask for.Zhang Yida could only wait for the opportunity to come.

At the same time, the wallet needs to be a little bigger, and the trust license is easily purchased at a price of [-] to [-] billion.

……

"Holding the grass, Piggy Baolei?"

Zhang Yida heard the explosive news as soon as he returned to the capital after dealing with the Yi'an Insurance business.

"Yeah, their beautiful president, the woman who often appears on TV, was caught at the airport."

Song Caiwei was also shocked by this big news.Such a large group will collapse as soon as it is said.

"What a beautiful president. That woman is a puppet. I heard that she is the head of their boss's harem group."

Zhang Yida said with a look of disdain.

"Huh? Harem group? And the group leader? These rich people really know how to play."

Song Caiwei stared wide-eyed at the boss, feeling that she had learned a lot today.

"Rich ass. It's all the hard-earned money of ordinary people. The transaction volume of their platform seems to be more than 700 billion yuan, right? How many people have been hurt by this!"

Zhang Yida shook his head and sighed.

"Well, the media has already started to report on this mobile phone. More than 90 investors are involved. As of the incident, the outstanding amount has reached more than 380 billion.

An average of 4 yuan for an investor. "

Song Caiwei began to read according to the news.

"Look, the media has revealed the secret again. It is said that the Zhuzhubao platform is a complete Ponzi scheme.

It cost more than 8 million yuan to buy fake materials.These fake materials were packaged into fake loan targets and posted online to raise funds.

In order to destroy the evidence, the suspect put more than 1200 volumes of evidence materials into more than 80 woven bags and buried them 6 meters deep underground.

The task force dispatched two excavators, and it took more than 2 hours to dig out. "

Song Caiwei handed the phone to Zhang Yida, and narrated from the side.

Song Caiwei flipped through the phone again and found another news article. After reading it, she said:
"Mr. Zhang, how do you know about the harem group? It was said in the news that someone confessed that the boss of Zhuzhubao had an affair with several female executives.

And he lives extravagantly. The property given to several female executives, including cash, real estate, vehicles, and luxury goods, is worth more than one billion yuan.

1.3 million Singapore villas, 1200 million pink diamonds..."

"I have my Jinyiwei! They specialize in spying on information for me. Zhuzhubao is bigger than Yimin Wangjin, and of course I have collected some information about them!"

Zhang Yida made a pretense, and quickly rounded up the words.

Song Caiwei said "oh", guessing that Mr. Zhang's Jinyiwei should be the business intelligence department.

That group of people is indeed supernatural, and they can collect all kinds of business information.

"Hey, it's too corrupt. One billion yuan is paid in one month's salary. Will the money be refunded?"

Song Caiwei sat there, continuing to read the news about Zhuzhubao, and asked Zhang Yida for advice from time to time.

"It must be returned! These are all illegal gains and must be returned to the common people."

Zhang Yida replied.

"Beep", Zhang Yida's cell phone rang suddenly.

"Okay, I'll be right over here!"

Zhang Yida picked up the phone, his expression changed instantly after a few seconds, he hurriedly replied on the phone, hung up the phone and was ready to go out.

"Mr. Zhang, what's the matter?" Song Caiwei asked in concern when she saw Zhang Yida's expression was not very good-looking.

"Yimin Wangjin has a little trouble, I want to go there." Zhang Yida replied.

"Then I'll go with you too!" Song Caiwei looked at Zhang Yida expectantly.

"Okay! Let you also learn a lot!"

……

When Zhang Yi arrived at Yimin Wangjin Company, Fan Hongyang said solemnly:

"Affected by the Zhuzhubao incident, our Yimin.com plunged 19.8% before the gold market, and the stock price fell directly from US$27.8 to US$22.57.

The issue price of 25 US dollars has fallen below, and the market value has directly evaporated 12 billion US dollars! "

"Don't worry too much about the stock price, it's just that the market has been affected by panic, and it will soon return to normal stock price levels."

Zhang Yida knows that domestic P2P companies have not been able to obtain financial licenses. In a country where financial business requires a license to operate, it is indeed like carrying a bomb that may explode at any time.

The outbreak of the Zhuzhubao incident may have a major impact on the country's perception of P2P and its regulatory attitude.

Wall Street, on the other hand, has always had a keen sense of smell.The degree of administrative intervention by the Chinese government in each industry is often included as an important criterion for judging the future trend of Chinese concept stocks.

With so many considerations, it is quite normal for the stock price of Yimin Wangjin to fall.

"How is the Yimin bank project in Indonesia going? Let out some news and see if it can boost some stock prices."

Yimin bank is a P2P company jointly established by Yimin Wangjin and Indonesian e-commerce platform Bukalapak. The asset side focuses on e-commerce shopping installments.

Yimin Wangjin holds 85% of the shares, and Bukalapak holds 15% of the shares.

According to Indonesia's policy requirements, foreign investors must bring their own country's enterprises to play when they set up an Internet finance company locally, and foreign investors can occupy up to 85% of the shares.

So the shares are arranged like this.Fan Hongyang was always in charge of the joint venture company, Zhang Yida didn't ask much about it.

Now that the domestic P2P business has been impacted by the Zhuzhubao incident, Zhang Yida wants Yimin Bank to show its presence and boost market confidence.

"Can this work?" Fan Hongyang looked puzzled, he felt that this trick would not be too effective!But since Zhang Yida ordered, he should follow suit.

What news should I release?
He thought for a while and said, "Some time ago, Yimin Bank had more than 100 million registered users, and its loans exceeded 600 billion rupees. How about releasing this operating data?"

"600 billion? That's so much?" Song Caiwei, who was standing beside Zhang Yida, exclaimed.

"That's rupees, worthless. The exchange rate with RMB has been maintained at 2000 to 1 for a long time. 600 billion rupees are converted into RMB, which is 3000 million yuan."

Fan Hongyang didn't know how many times he had explained the rupee exchange rate to the people around him.

When everyone hears the figure of 600 billion, they often ignore the currency unit, and everyone thinks that Yimin Wangjin is open in Indonesia.

"Oh, I misheard the currency unit. I thought it was RMB."

Song Caiwei was a little embarrassed. She swore that she had definitely misheard the currency unit just now.

"Hey! Read more books, your assistant is a bit degrading to me!"

Zhang Yida looked at Song Caiwei who was blushing, and made a joke.

"With a loan amount of 3000 million yuan, what is the average amount of each loan?" Zhang Yida turned around and asked Fan Hongyang.

"The average pen is about 300 yuan, and a total of about 10 pens have been disbursed." Fan Hongyang replied.

"Uh, is there anyone who can borrow 300 yuan?" Song Caiwei interjected.

Fan Hongyang looked at the girl who said "why not eat minced meat" and explained with a smile: "The average local salary in Indonesia is only 1100 yuan.

The income of low-income groups is only six or seven hundred yuan, and their population base and proportion of the population are quite large.

300 yuan is almost equivalent to half a month's salary for them!
Therefore, once our products are launched, they are widely welcomed and sought after by local users.

If it weren't for observing the overdue rate and analyzing the risk control model, we deliberately slowed down the growth rate, and the business volume might have doubled several times. "

"Are they all released blindly?" Zhang Yida asked.

"Yes, due to the lack of basic credit data in the local area, risk control has basically become a decoration, and there are very few data with reference value.

But fortunately, what we do is shopping in installments, and the users are all Bukalapak users.

E-commerce users are generally relatively young, and their labor solvency is relatively strong.

In addition, we all select active trading users and high-end users of Bukalapak for credit granting. "

Fan Hongyang explained the situation to Zhang Yida, who nodded repeatedly and said, "You have to be more careful. I'm here to make money, not to do charity for Indonesian monkeys. Don't be lured by others."

"Mr. Zhang, don't worry. I don't fight uncertain battles."

"Okay, just announce the general operating data of Yimin Bank! Whether the stock price goes up or not, I'll leave it to the market!"

Zhang Yida added: "By the way, you said there might be a bank run, so what's going on?"

(End of this chapter)