Looking at Fan Hongyang's increasingly coarse breathing on the other end of the phone, Zhang Yida knew that he was scared and nervous.

Zhang Yida paused, thought about it, forget it, let's say it all!

Say it, let's see how Lao Fan chooses!

So he continued:

"If the duration of the mitigation is shorter than the duration of the current exposure, a maturity mismatch is created.

Let's take a simple example. From the perspective of the platform, it means that you borrow a sum of money and agree to repay it today, but you will not pay your salary until next week, which creates a term mismatch.

If the financial situation is good, you can rely on your own reserve funds to alleviate the pressure of repayment, then it is only a temporary financial crisis at best;

As far as I know, some platforms will extend their claws to new investors, issue new bids to raise funds, and then use the raised funds to repay the outstanding principal and interest of mature projects.

Once this model cannot be solved by relying on positive capital flows in time, a long-term snowball pattern will be formed, that is, a "Ponzi scheme".

And what about pools?

Generally, investors are recharged to the platform account through a third-party payment channel. Then the platform can touch the money recharged by investors.

When investing in a target, the investor recharges the funds, invests in the winning bid, and then the platform transfers the funds to the borrower's account.

There is no direct transfer record between investors and borrowers, and the flow of funds here is seriously opaque.

The pool of funds is easy to prompt the platform to misappropriate funds to make up for bad debts, and it is also easy to form a Ponzi scheme.

However, it doesn't mean that the above things will happen if you have a pool. The main thing is to look at the professional ethics of the platform people.

If you engage in a pool of funds, honestly use it to lend, and do not make any misappropriation, the problem is not very big.

In short, whether it is to dismantle the bid, or to mismatch the term, or even engage in capital pooling. The biggest problem is that as long as we can control our hearts, do not reach out, and do not embezzle, then there will be no Ponzi scheme and crash. ”

Fan Hongyang opened his mouth and said:

"I understand all this, banks and trusts also have mismatches in capital pools and maturities, but if you have to do a good job of risk management and have a sufficient risk reserve, then the risk will not happen. Or if it happens, it can be remedied.

It's a game of drumming and passing flowers. Constantly use new short-term financial management to pay off the old, as long as the capital chain continues, the risk will not be exposed.

The biggest core is that a steady stream of investors need to join in and increase investment.

But once one day there are fewer investors and less inflows, the risk exposure will be exposed.

How can this be remedied?

We must take precautions and think about countermeasures in advance. ”

Zhang Yida thought about it, and from the experience of his previous life, the P2P industry is a typical dividend-oriented industry that "only recognizes the result, regardless of the process".

As long as you manage the risk properly, the risk is not exposed, and finally you successfully go ashore, you are a good company.

Or if the risk is exposed, you have money to pay for it, and you have money to pay for investors, you are a good company.

In addition to the borrower's default, the biggest risk is operational risk.

All kinds of fancy operations, all kinds of riotous operations, this is how many companies play themselves to death.

I relived my life and chose this industry, didn't I just want to make a career?

"You just have to be bold and bold, if there is a risk, I will take all my personal property to cover it.

My shares in Ruixiang are worth 1 billion yuan, and even if I sell them at a cheap price, I can sell them for three or five billion.

Until the wealth of Yimin is to be collected by three or five billion, we are all safe.

I am personally willing to sign an unlimited joint and several liability guarantee, and if something goes wrong, I sell the shares to the investor to redeem it. ”

Fan Hongyang was a little surprised by Zhang Yida's determination, but also admired his responsibility, following such a boss and partner, he couldn't look ahead and backward too much, and be timid!

So he said with pride:

"That's okay, Mr. Zhang, since you have made up your mind to do this, then I, Lao Fan, am also willing to accompany you crazy.

In the area of platform capital operation, I try my best to do it and try to control the risk as much as possible.

If you really can't stand it, you still have to rely on Mr. Zhang to make a move. ”

Zhang Yida continued:

"At this stage, this is forced by the situation, everyone is growing savagely, you have to be honest, and there is only a dead end for step-by-step development.

In extraordinary times, extraordinary measures are taken.

After a year or two, after the platform is operating steadily, these hidden dangers must be eliminated one by one. After all, it is not a long-term solution. ”

Hearing this, Fan Hongyang couldn't help but admire Zhang Yida's sober mind.

As a financial person, we must always be in awe of risks.

Zhang Yida lit a cigarette and recalled a lot of past events.

For P2P, he loves and hates, love is to enjoy the dividends of the industry and make money, and hate is that the industry is too lacking in supervision, and too many people with bad intentions have entered the industry.

In the end, bad money drives out good money. Honest development is not enough to embezzle investors' money to advertise or expand the scale of the enterprise.

Of course, most of those who engage in self-financing and embezzlement also end up in prison.

Very few have made it ashore. Basically, only the dozen or so listed on the New York Stock Exchange, NASDAQ, and Hong Kong Stock Exchange can survive.

Other small and medium-sized platforms, which develop honestly and want to be small and beautiful, are all slowly dragged to death by various high costs.

With a deep breath of smoke rings, Zhang Yida sighed.

The "100 Group War" of group buying and the "1000 Broadcast War" of the live broadcast industry are also meat grinders, and there are few winners.

There are a total of five or six thousand P2P platforms, and it is estimated that no more than 50 will survive in the end.

Entrepreneurship in other industries has failed, and there is a chance to make a comeback.

Internet financial entrepreneurship is a stud that blocks all personal net worth and personal credit.

If you lose, your personal finances will go bankrupt, your credit will go bankrupt, and some of you will go to jail.

Zhang Yida doesn't want to lose, he doesn't dare to lose, and he who has mastered the regulatory trend and industry development trend in the next six years, and he also thinks that he will not lose.

The promotion plan made by Ruixiang Technology for the wealth of the people has been released.

"A user who invests 100 yuan in a monthly target has a promotion price of 40 yuan.

The total promotion fee is 3.6 million yuan, and 90,000 users are promoted. ”

After seeing this plan, Zhang Yida immediately agreed, and arranged for the operation leaders of the two companies to start the docking work.

Zhao Sheng has been having a good time recently, and he has already opened five loan orders this month, and his face is about to smile.

Since the company started its cooperation with Ruixiang Technology, there has been a steady stream of customers. Zhao Sheng is also one of the beneficiaries of this wave of dividends.

However, Zhao Sheng is also a little worried, according to the previous understanding of the company, the company's monthly loan funds are only 20 million, and after the 20 million is released, it will no longer accept new loan applications and submissions this month.

Now, the performance of the whole company is improving by leaps and bounds, and 20 million is about to be over!

Just when he was worried, the director walked out of the boss's office with a laugh. Announced:

"What a happy event! The company's loan performance exceeded 20 million today!

Zhao Sheng sighed in his heart, and he came whatever he wanted. It's over, I can't do business this month!

Just when Zhao Sheng was sad with a bitter face, the director spoke again:

"Also, don't worry!

In the past, the company stopped applying for entry when the loan reached 20 million in a single month.

Now this rule has been changed to 30 million monthly loans.

The company has set up a new funding channel, so everyone can rest assured that they can do business boldly. In the future, if the company's performance is rising, it can also increase funds. ”

When Zhao Sheng heard this, he was so happy that he almost jumped up. With a new increase of 10 million loan funds, then I can't do a few more businesses.

At the dinner table in the evening, Zhao Shengle ran to the director's side and said flatteringly:

"Director, didn't our company only lend 20 million loans every month before, why did it suddenly increase the funds by 10 million now?"

The director drank a little wine, a little up, and said with a mouth full of wine:

"It used to be the old yellow calendar, but now if you look at our company's business and performance, it can be said that it is thriving and prosperous. ”

Zhao Sheng immediately handed the director a cigarette, and after lighting it, he said:

"It's all because of your leadership, the director, our company's business is advancing by leaps and bounds, and it is unstoppable. ”

Director Meimei took a puff of her cigarette and said with a smile:

"Zhao Sheng, seeing that your kid has been doing very well recently, I'll give you a few heart-wrenching words.

Our company recently cooperated with a P2P, which was introduced to the people of Rui Technology.

Think about what kind of company is Ruixiang Technology? Big companies with a valuation of hundreds of millions of dollars, can they introduce poorly?"

Zhao Sheng nodded, looking deeply approving. He now has such a good performance and can earn so many commissions, thanks to Ruixiang Technology! This is a big thick leg.

The Superintendent continued:

"That P2P company is called Yimin Wealth, do you know what P2P is?

Let me tell you, P2P is an abbreviation for peer-to-peer, which means person-to-person, also known as peer-to-peer network lending. It is a private micro-lending model that gathers small amounts of funds and lends them to people in need of funds. It is a type of Internet financial product.

It belongs to private small-amount lending, with the help of the Internet and mobile Internet technology, online credit platforms and related financial management behaviors and financial services. ”

Zhao Sheng was stunned when he heard it, the director is the director, and he is so good at speaking.

Seeing Zhao Sheng's bewildered face, the director felt that he was pretending to be a little too much, and said that this kid didn't understand. So he continued:

"You don't need to know that much anyway.

You know that this Yimin Wealth is a partner with us, we recommend borrowers to go over, and they provide loan funds to us.

In the future, there will be Ruixiang Technology to obtain customers, and lending will benefit the people's wealth, and our company will take off.

You have to take advantage of the opportunity to expand the company in the future, I recommend you to try it as a team manager. ”

Zhao Sheng understood this time, and nodded like a chicken pecking rice:

"Thank you for the cultivation of the director, I will definitely perform well in the future.

No matter where I am in the future, I will be your soldier and I will always remember your kindness. ”

Director Hehe, this kid is quite good at talking, and his performance is also good, so he can focus on supporting and supporting him in the future.

Zhao Sheng thought about it and felt that there was a question, so he asked again:

"Director, our company will have a sharp direction to obtain customers in the future, and lending will benefit the people, what is our company doing?"

The director thought about it, and this is also the reason, what role does the company play in this? It seems that nothing has been done, oh, something has been done.

Contact the customer and enter the customer information. If the customer is overdue, they have to collect it.

Why doesn't Ruixiang directly cooperate with Yimin? I still have to find our company, which is a bit difficult to figure out.

The director said helplessly:

"I can't figure it out! I guess our company has many years of experience in lending!

We also signed a guarantee agreement with them, and if the customer is overdue, we have to advance the money to Yimin Wealth. ”

Zhao Sheng suddenly realized:

"This Yimin wealth is good at doing business!

Give us the money to lend, they sit and collect the money, and the drought and flood guarantee the harvest!

Why doesn't our company open a P2P company to finance money and let it go by itself?"

The director thought about it, opening a platform by himself, this idea is good, go back and report to the boss, maybe the boss will still remember his own credit.

Just when Yimin Wealth was preparing to use the loan company as the object of business transition, the loan company also saw the charm of P2P, and many people with ideas also wanted to start this business.

Without him, people who have not entered the industry feel that the profits are high, the threshold is low, and everyone wants to do it!