In mid-July, the Internet was flooded with two messages.

First, Yimin Wealth Management, which has a scale of 61 billion yuan in principal and interest to be collected, and Ruimin Wealth Management, which has a scale of 24 billion yuan, announced the withdrawal of the P2P industry.

also wrote an affectionate letter to the client:

From 2013 to 2019, six years, thanks to 100 million registered users for accompanying them all the way.

We have matched more than 300 billion yuan of capital transactions and helped users earn more than 22 billion yuan

In response to the call of regulation, we have decided to withdraw from the P2P industry.

The principal and interest of all investors will be paid before July 30, 2019.

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

As soon as this article came out, it touched P2P investors the most, especially those who stepped on the thunder.

They are all envious of the good luck of Yimin Wealth Management and Ruimin Wealth Management investors, who have invested for so many years, not to mention earning a lot of income, and have steadily recovered their principal.

The investors of the two platforms of Yimin are very reluctant, without these two platforms, where will their funds go

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

If you buy Yu Bao, the income can't outpace inflation;

Speculating in stocks, and afraid of encountering the scallop games.

One after another, investors received the investment money paid in advance, and after withdrawing, they did not forget to take a screenshot of the account - cumulative income page and post it on social media such as Moments and Weibo.

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

According to the approval, the registered capital of Yimin Consumer Finance Company is 5 billion yuan.

The shareholding structure is 30 shares held by Yimin Wangjin, 28 shares held by Yimin Loan, 27 shares held by Yimin Wealth, and 15 shares held by Ruixin Group.

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

Others, such as: more than 5 years of experience in the field of consumer finance, continuous profit in the last 2 fiscal years, no major illegal business records in the last 2 years, etc.

However, the total assets are less than 60 billion.

But Zhang Yida used a little trick, and the total assets of Yimin Netgold swelled to 60 billion.

Based on the average stock price of the last 20 trading days, Yimin Netfinance issued an additional 30 shares to Yanhuang Investment, raising about $800 million.

At the same time, he borrowed 10 billion yuan from a syndicate led by the Industrial and Commercial Bank of China and bought an office building worth 5 billion yuan in Beijing.

With such a toss, the net assets of Yimin Netgold have not increased much, but the total assets have skyrocketed a lot, breaking through the 60 billion yuan mark in one fell swoop.

All the problems restricting Yimin Netfinance from obtaining a consumer finance license have also been solved.

The Beijing Banking and Insurance Regulatory Bureau also did a good enough job to see Zhang Yida, and the P2P debt spent 85 billion yuan on a one-time buyout, and all the risks were transferred to Zhang Yida's Yanhuang Investment.

Therefore, the preparation for the establishment of Yimin Consumer Finance Company was also happily approved.

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

The stock prices of the three companies in the Yimin system have been fluctuating non-stop recently, and the long and short are fighting.

Killing and killing, Yimin Netfinance announced its withdrawal from P2P, and Yanhuang invested 85 billion to buy out all P2P creditor's rights.

Regardless of whether the large-scale bad debts blamed by Muddy Waters are real or not, it has nothing to do with Yimin Net Finance.

In addition, the establishment of three consumer finance companies in the Yimin system is also good news.

The issuance of 30 additional shares by Yimin Netgold is also good news.

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

In particular, Yimin Netgold rebounded the most, rebounding directly from $82 stocks to more than $20 stocks, an increase of more than 150, and a market value of nearly $7 billion.

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

Carson Bullock, the founder of Muddy Waters, finally realizes that something is wrong, and reluctantly begins to buy back the shares of Yimin, preparing to close the position.

There are not many outstanding shares in the market, and short buy orders have further pushed the stock price skyrocketing.

And some small institutions involved in short-selling, the kind that have added leverage, have insufficient margin, and directly begin to liquidate, and the institutions that have lent out their stocks are liquidated.

The stock price of Yimin Netgold began to break through $30 and $40 and skyrocketed

The bears rushed to close their positions, stamped each other, and panic was further transmitted.

"Mr. Zhang, it's almost, shouldn't we close the net. ”

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

Muddy waters and the bears behind them were beaten badly this time, and I don't know what I think, I really thought that the richest man in Asia was a waste of fame.

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

Zhang Yida feels that the heat is almost over, and the stock price has risen one or two times compared with before the shortsale.

He doesn't sell stocks, and there are other funds that sell stocks.

For example, these funds that borrow stocks to go out, see that the stock price has risen well, almost the highest stock price in the past year, someone will definitely sell the stock.

Bears can buy these stocks, close their positions and admit defeat.

And if the play is too big, the Americans will definitely come out and intervene.

Ding Siyao was a little unwilling, thinking that it was too cheap for these people.

Zhang Yida said with a smile, "Okay, some can make money, and the ultimate move is almost finished."

There are very few cases like Porsche's acquisition of Volkswagen.

Afterwards, it was also investigated by the exchange. ”

Ding Siyao nodded, "That's right."

She smiled, "The troubled waters that frightened Chinese concept stocks have eaten your socialist iron fist this time, and I don't know if you will dare to be an air concept stock in the future." ”

Zhang Yida doesn't have a particularly bad feeling for the troubled waters, the trading market is mixed, and the picture comes and goes, not for a money word.

However, if Muddy Waters encounters themselves this time, it can be regarded as their bad luck.

Just to resolve P2P creditor's rights, set up a consumer finance company, and set up a bureau to make a small profit.

"Shorting will definitely still be shorting, and people rely on this to eat. ”

Zhang Yida said with a smile, "Shorting is actually not cost-effective, you can't earn twice as much as you die, but you can earn several times or dozens of times when you go long."

Therefore, more companies like to focus on financial fraud, one short and one accurate.

Therefore, the iron needs to be hard."

"What if there are still empty heads who refuse to surrender," Ding Siyao asked again.

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

A few days later, the Monetary Authority of Singapore announced that a consortium formed by Ruixiang and Grab obtained a Singapore digital bank license, and a consortium of four companies from Yimin obtained a digital wholesale banking license.

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

For fintech companies, a financial license is a top priority, and without a license, it may be banned one day.

In July, several Yimin companies obtained consumer finance licenses and digital bank licenses from three countries in a row, which gave a great boost to stock prices.

The bears who still wanted to hold on a little longer couldn't stand it, so they hurriedly closed their positions, for fear that several companies in the Yimin department would announce some good news.

Yan Huang Investment's hedge fund began to ship, selling stocks at two or three times the purchase price.