With the approval of the Jiangxi Provincial 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.

Among the 14 billion equity acquisition money, Yimin Wealth contributed 5.6 billion yuan, and Yimin Net Finance and Yimin Loan each contributed 4.2 billion yuan.

Together, the three companies formed a company called "Yimin Investment", and with this company, they controlled the shares of Yimin Trust 713005.

The other nearly 29 shares are in the hands of local state-owned assets in Jiangxi Province, such as Jiangxi Provincial Financial Holding Group, State Grid Jiangxi Provincial Electric Power, and Jiangxi Provincial Welfare Foundation for the Disabled.

In addition to a director sent by the state-owned assets of Jiangxi Province, the entire management of Yimin Trust is currently in the hands of Yimin.

Ding Siyao served as the chairman, and Fan Hongyang, Chen Shaojie and others served as directors.

After taking over the trust company, Ding Siyao immediately transferred personnel from Yimin Wealth and two other Yimin companies, organized and dispatched more than 10 working groups to more than 100 cities in China, and began to promote the face-to-face signing and dual recording of the transfer agreement of the right to income.

At present, Yimin Trust has defaulted on more than 30 trust projects, involving 7.9 billion yuan, covering nearly 2,000 investors, with an average investment of nearly 4 million yuan.

More than 2,000 investors were still clamoring for the sky and the earth a few months ago, thinking that this investment was hanging in the air, and even if it was to be returned, it would be a long time later.

Who knows, there was a turning point

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

The richest man came to buy Zhongjiang Trust, which was mired in the quagmire, which made many investors overjoyed, and now it was saved.

Zhang Yida did not disappoint them, and Ding Siyao attended the investor meeting, promising that the new shareholders and management team would take responsibility for solving the problem of principal and interest payment of all defaulted trust projects.

Some investors are also investment customers of Yimin Netfinance, and they trust Zhang Yida's character and strength very much.

After appeasing a group of investors, it took more than three months for Yimin Trust to finally complete all the investigation and registration work.

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

Everything is moving for the better.

The only bad thing is the recovery of the defaulted project, and the staff of Yimin Trust are about to scold their mothers.

Of the more than 30 defaulted projects, more than 20 are related to political and credit and infrastructure projects.

Some of the remaining private enterprises are either about to go bankrupt, or they have gone bankrupt and are going through legal procedures, and there is no time to recover the money.

When Ding Siyao reported to Zhang Yida, he poured bitter water: "These bad debts are even more difficult to get than we imagined, and local protectionism is serious."

In addition, I was speechless when I saw these projects, and risk control was basically an ornament.

None of the employees in the risk control department remained, and our department was dismissed.

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

Zhang Yida chuckled, "Dissipate the anger, the big fish have already run away, and now the rest are small shrimps, there is no need to make any more branches, just open it." ”

Ding Siyao nodded, "I know that the people in the department will slip away tomorrow, but it is difficult to repair the damaged company atmosphere at once."

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

Sometimes I see them in the company, and I feel very disgusted when I see them all staring blankly and confused.

When we go out and talk about business like this, what do customers think of our company?"

Zhang Yida frowned, "Is it so serious, then you have to change blood once." ”

"It's already changing, all the top management has been replaced by our people. ”

Ding Siyao looked at the globe on Zhang Yida's table, and said, "Time is too rushed, and I can't take care of the middle and grassroots levels at present." ”

Zhang Yida said lightly, "Then wait for your hands to free up and clean up these old oilers for me."

Those who have only joined the company in the past one or two years and have not yet been tainted with some vices can be cultivated and promoted.

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

Ding Siyao smiled slightly, she knew that Mr. Zhang liked to cultivate young people very much and give young people opportunities.

Perhaps it is because they are also young people, who pay less attention to qualifications and more to ability and plasticity.

"Okay, we will make reasonable arrangements, and new trusts will be issued starting next month, and if there are those that are rising, we will naturally retain and reuse them. ”

When Zhang Yida heard about next month, he frowned a little, "Wouldn't it be better to wait for things to be straightened out in such a hurry?"

Ding Siyao smiled, "This time I spent 14 billion yuan, and now there is ICBC as the acquisition deposit, which will drain the wealth funds of Yimin at once."

The two of them are better at lending, and we can always make hard-earned money.

There are hundreds of people up and down this trust company, people eat horses, how can they do it without doing 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 1 billion, while the other two companies have an annual net profit of two or three billion in the past two years.

There are not many trust companies, and the total number of 68 trust companies is only 20,000, and the Zhongrong and Chuanshu trusts, which have the largest number of people, are only seven or eight hundred.

Educational qualifications are generally high, and about 50 or more people have a master's degree or above.

It is these 20,000 people who manage more than 20 trillion yuan in assets and create 780 billion yuan of returns for customers every year.

However, since the year before last and last year, trusts have been thundering one after another, and they have begun to lose popularity, and their scale has dropped from 26 trillion at the peak to more than 20 trillion.

However, no matter how bad the market is, there are also institutions that make money, but there are fewer industry dividends, and more are competing for the skills of various institutions.

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

Our scale is too small, only 150 billion, the average size of the industry is 300 billion, and the largest management scale of CITIC and CCB is 165 trillion and 14 trillion respectively, which is more than ten times that of us.

I know that the top 10 are basically state-owned, and I don't want to compete with them, but we must at least rank in the middle and upper reaches."

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

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

Enterprise loans, political credits, local bonds, and infrastructure are too risky, and it is difficult to recover them if something happens.

Taking the previous infrastructure loan granted by Zhongjiang Trust to a small county in southwest China, the second-level subsidiary of the Finance Bureau of a small county town was able to raise 200 million yuan from the trust company.

What's even more terrifying is that this small county has financed 40 billion yuan to engage in infrastructure construction and tourism, but there is no historical background and the transportation is not convenient.

It is difficult to say that the employees of these trust, private equity and asset management companies are not involved and do not have enough benefits to pass the risk control hurdle. ”

Zhang Yida nodded, "You're right, let's do something we're good at, forget if the 200 million in Qianzhou can't be returned, it's not our money anyway." ”

Ruixiang has invested a lot in Qianzhou, and it also has a deep cooperative relationship with Moutai, and Zhang Yida is not good at making the relationship bad, which is not conducive to unity.

"Then we can't earn a commission?"

The commission that Ding Siyao said is a condition issued by the regulatory authorities and tomorrow's creditor holders to Yimin Trust, and the part of the more than 3 billion yuan will be called back for commission, which will be reduced in the subsequent equity balance.

"Don't do it, in this situation, let alone 3 billion, it is difficult to recover 10 billion. ”

Ding Siyao nodded, "Yes, otherwise Zhongjiang Trust wouldn't have been our turn to take over." ”

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

"Yes, Foreign Trade Trust has done a good job, and has cooperated with many loan and consumer finance companies.

In addition to Huinong Loan, the rest of your company's Jincheng Consumer Finance, Ruixiang, Yimin Loan, Yimin Net Finance, and Xinglong Loan under Ruixin have cooperated with them. ”

Ding Siyao remembered a rumor, so he said: "The trust can lend money directly, I heard that the foreign trade trust does not plan to earn profits and fixed draws, and wants to launch its own consumer finance app and lend money by itself." ”

Zhang Yida smiled, "Yo, this is from the B end to the C side"

Ding Siyao said lightly, "I don't see the big benefits, I want to end up shirtless, Foreign Trade Trust has cooperated with so many consumer finance companies and loan platforms, some of them are unruly, with annual interest rates of more than 50 or 100, and many complaints and negatives." ”

Zhang Yida thought for a while and said: "How about we come up with a consumer finance app by ourselves, you know, our risk control level is definitely not bad, and then open the mung bean to Yimin Trust, and share the risk control system and data of Yimin Loan and Yimin Internet Finance." ”

Ding Siyao's eyes lit up, "This is a good idea, the interest doesn't have to be too high, student loans, we control the daily interest rate at 2/10,000 to 6/10,000, and the licensed red line of 24 is on the line."

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

Moreover, we have data and mature experience, which should be more suitable than other trust companies to carry out personal consumption finance business. ”

Zhang Yida smiled, "Okay, then it's decided, you go and discuss with Lao Fan, Hong Haibo and a few of them, and come up with a specific plan." ”