"How's the P2P asset liquidation?"

After meeting Chen Shaojie, Zhang Yida then made an appointment with Fan Hongyang and Fang Yuhan, and asked about the latest P2P clearance.

"We only issue a small number of bids now, and the yield has also dropped considerably, but the supply still exceeds demand, and users often keep the time to grab bids. ”

When Fan Hongyang said this, he was also embarrassed.

Back then, in order to grab customers, various platforms kept stuffing various interest rate hike coupons and investment red envelopes into user accounts.

Now, that's all it takes to set a 6% rate of return, and there are no other benefits, but users are not less enthusiastic at all.

"We can't compare to Yimin Netgold. ”

Fang Yuhan said with a smile, "You are a well-known platform, and the independent access traffic is very high.

We are different, Didi has now completely stopped cooperating with us, and in half a year, the balance to be collected has dropped to only 30 billion. ”

Zhang Yida asked Fan Hongyang: "What's the situation? Users still have illusions about P2P, and they didn't see such a big thunderstorm half a year ago?"

Fan Hongyang said with a smile: "After all, there is no accident on our platform, isn't it? And with Mr. Zhang, you are a solid backing behind you, and users are very relieved of our platform."

There are not many P2P platforms on the market now, and there are no more than 200 of them still in normal operation.

Ordinary people in China lack investment channels, so our platform has become one of the first choices for investment. ”

Zhang Yida is also convinced by this explanation, sometimes the Chinese people are too conformist and lack the ability to make independent judgments.

P2P can't be played anymore, and I haven't understood it yet, so it's no wonder that fraudsters are rampant and have succeeded repeatedly.

However, this is also good, the replacement of the fund of Yimin Network Finance is still in progress, and a certain amount of funds is still needed to supplement it.

"Yimin Wealth Management still has 80 billion to be collected, and Ruimin Wealth Management is still 30 billion to be collected. ”

Zhang Yida paused, "Before June next year, Yimin Wealth Management must reduce the pending income to 60 billion, and Ruimin Wealth Management to 20 billion." ”

looked at Fan and Fang and asked, "Is this okay?"

"We have no problem, at present, Ruimin Wealth Management is almost the same as ceasing operations, and user funds are only in and out.

The funding side of Hin Leong Loan has also been replaced by banks and trusts, and it no longer relies on any P2P funds. ”

Fang Yuhan replied very decisively that the business direction of their Ruixin Group has long been adjusted, and corporate credit and corporate finance are the key development directions, and certain achievements have been made.

Even if the P2P business is completely stopped, the impact on Ruixin Group will not be great.

Zhang Yida nodded slightly, the proportion of P2P business in Ruixin Group is not high, and it is easier to adjust.

He looked at Fan Hongyang again and asked, "What about you?"

Fan Hongyang gritted his teeth and said, "We are a little tricky, the ship is too big to turn around."

At present, the new loan assets, P2P funds and licensed financial institution funds are half each.

It is not a big problem to digest P2P assets to 60 billion in the middle of next year, but it is a little troublesome for the business scale to return to the peak in June last year. ”

Zhang Yida waved his hand, "It doesn't matter if you can't return to the peak, you can resolve the risk of P2P assets first." ”

Thinking that Fang Yuhan was not an outsider, and there was no conflict between Ruixin and Yimin's online finance business, Zhang Yida said again: "If you don't resolve the P2P risk, you can get the consumer finance license." ”

Fan Hongyang nodded, "I know this, and I will definitely do my best to bring it down." ”

Zhang Yida didn't say much anymore, did not continue the topic, but asked about the development of overseas business.

"Like Yimin Loan, it has now entered the Indian market and has gained a firm foothold.

In the next step, we plan to focus on Africa, Eastern Europe, and Latin America. ”

Although the P2P business has suffered a setback in China, Yimin Netfinance has also acquired a bank in Indonesia, and has also established branches in many countries in Southeast Asia and India.

The most important thing is that Yimin Netfinance has an operating profit of 400 million US dollars this year, plus 500 million US dollars in dividends to the industrial fund, and more than 2 billion US dollars of funds are lying on the account.

Zhang Yida laughed, his CEOs don't know if they are influenced by themselves, and they think about expanding every day and doing business all over the world.

The three regions selected by Fan Hongyang are relatively backward in terms of economy, and are suitable for the development of loan sharks in the guise of financial technology.

Regions such as Western Europe and North America, where the banking industry is very developed, are not suitable for this type of business.

Zhang Yida heard that some people went to Nigeria, Ukraine, Brazil and other regions to lend, and even Mexico heard that there were bold Chinese teams to take risks.

For the sake of money, you can really give up everything.

Seeing that Zhang Yida was in a good mood, Fan Hongyang took advantage of the situation to put forward his idea of acquiring a bank.

After hearing this, Zhang Yida thought about it carefully.

"The acquisition bank can be slow, and Yimin Bank can open one or two branches in India, Africa and other regions. ”

Zhang Yida smiled again, "Are you doing this to build an international banking group?"

Fan Hongyang really had this idea, he smiled and said, "I actually want Yimin Bank to enter China as a foreign bank?"

Although the major shareholder of Yimin Bank is Yimin Netgold, it is registered in the Cayman Islands, and it is not wrong to say that it is foreign.

"You reminded me that Yimin Bank can really expand with Yimin Netfinance, in addition to lending to locals, it can also provide some services to Chinese-funded enterprises.

There is a real need to open a branch in China to open up this service chain. ”

Zhang Yida thought about the recent rumors that the state should further relax the opening up of the financial industry to foreign investment.

If you want to invest in joint-stock banks, urban commercial banks, and rural commercial banks, private capital can also be used, but there are also restrictions.

Minsheng Bank and Ping An Bank, as the only two joint-stock banks controlled by private capital, can't get involved, and he can be a director of a single stock, but he is a financial investment shareholder.

Urban commercial banks and rural commercial banks have some restrictions on their business scope, and there are a lot of bad debts.

"Then I'll go to India, Africa and other places after the New Year?"

Fan Hongyang asked tentatively, he now understands that lending is always a petty fight, and it is necessary to obtain the corresponding local license, so it is better to simply develop the banking business.

It's just that the bank concept stock is a little not sexy, and it directly turns Yimin Netfinance from a technology company to a traditional company.

However, Yimin Netfinance also has a lot of technology that can be used in the bank's risk control and operation, and it is enough to do a good job in the retail business.

Moreover, Yimin Bank is only a holding subsidiary of Yimin Wangjin, and in addition to Yimin Bank, Yimin Wangjin can also carry out other businesses, such as domestic consumer finance business.

"Well, let's go, you can go and have a look first, learn about the local restrictions on foreign investment, and whether it is suitable for landing related businesses. ”

Zhang Yida also feels that some of Yimin's online finance's businesses overlap with Ruixiang and Yimin Loan, and it is actually a good choice to go all out to promote the development of the bank's business.