After returning to China, Zhang Yida immediately summoned Fan Hongyang, Fang Yuhan, Ding Siyao, Chen Shaojie and others for a simple meeting.

Zhang Yida told his thoughts and the news from the top in a simple and clear way.

"Wouldn't it?

Fan Hongyang looked incredulous, "Didn't the regulator say that after the clearance is over, the enterprises that meet the qualification requirements will be recorded?"

If there is no thunderstorm with an amount of hundreds of billions, Zhang Yida still believes that there is a chance to file, although the hope is very slim.

But this time it has broken the sky, the top management is furious, and the road to financial innovation is coming to an end.

"But we have worked hard for five years to start a business, and the 100-billion-level platform that we finally built was so easily abandoned?"

Fan Hongyang couldn't hide the disappointment on his face, although he also reaped a huge amount of economic income from the growth of Yimin Netgold.

But this company also accompanied him for five years, and he witnessed the growth of the company from weak to strong.

Now to watch the company slowly enter the weakening, or even completely out, maybe any founder will feel empty in his heart!

"Transformation is our only way out. ”

Several people looked at Zhang Yida in puzzlement, how to transform?

Zhang Yida told the plan that had been planned a long time ago, "The financial management function involves funds, and if such a big thing happens, it will definitely not be able to be saved.

Because this has seriously affected the financial order, millions or even tens of millions of people have suffered heavy losses, and it can even be said that they have gone bankrupt.

Not only do the regulators distrust the industry, but even ordinary users may not dare to believe in this so-called online financial management casually. ”

Zhang Yida's tone was heavy, and several people have been paying attention to industry trends in recent days, so they naturally know that what Zhang Yida said is true.

The industry has suffered such a big setback, and even if the regulators continue to allow it to operate, I am afraid that many users will be completely lost.

"Mr. Zhang, what do you mean...... If you can't do financial management, then you can still do it on the asset side, right?"

Yimin Loan, managed by Chen Shaojie, is not P2P, according to industry terminology, this is called a "loan platform".

P2P has suffered a heavy setback, and the impact on Yimin Loan is not great.

If Swiss Wealth Management is unable to provide funds, then they can still go to banks, trusts, consumer finance, Internet small loans and other licensed financial institutions to cooperate.

And the amount of capital is larger, and the cost is even lower.

Zhang Yida looked at Chen Shaojie and nodded: "That's right, loan assistance can still be done, wholesale funds from financial institutions, and the loan platform itself will acquire customers, risk control, and lend loans, and bad debts will also be covered by the loan platform." ”

"It's a good way to keep the cost of capital down to eight points or even lower. ”

Fang Yuhan said with a smile, "Actually, I have thought about it a long time ago, let Xinglong Loan cooperate with banks and other institutions, they will give us funds, and we will be responsible for finding small and micro enterprises and risk control and lending." ”

Zhang Yida asked: "How is the situation of Ruimin Wealth Management? I heard you say that many investors have come to the door?"

Fang Yuhan smiled bitterly, "Now that the platforms across the country are like this, we are nothing." ”

"For visiting investors, you must make proper arrangements, you can take them on a tour of the company, provide some fruit snacks, and even meals.

We take out our bearing, be generous, and will not run away, so we don't have to have too many taboos.

is timid, but makes investors look down on it and have less confidence in the company. ”

Fang Yuhan nodded, saying that he would definitely pay attention to this issue.

"There are three types of loan platforms, loan supermarkets that only provide customer acquisition, loan platforms that provide funds, and loan platforms that jointly lend money. ”

Fan Hongyang looked at Zhang Yida and asked, "What kind of Yimin Netgold should be done?"

"The loan supermarket can be ruled out first, and it is basically coming to an end. ”

Zhang Yida thought for a while and said, "Let's start with a loan platform." ”

The loan platform now occupies the mainstream of the market, providing funds to banks, and the loan platform has found insurance companies and guarantee companies for credit enhancement.

If there is a bad debt, the loan platform will cover it first, and then let the insurance and guarantee companies go out if it can't get it.

Joint loans are very rare, with banks and other financial institutions contributing most of the funds and lending platforms contributing a small part.

In addition to dividing accounts according to the proportion of invested funds, the loan platform also needs to collect a technical service fee from banks and other institutions.

In addition, customer acquisition and risk control are also operated by the lending platform, while the bank and the lending platform share risks and benefits.

Co-lending models are scarce because of the high risk associated with banks.

At present, on the market, only a few leading institutions such as Leech Financial, WeBank, and Ruixiang are qualified to cooperate with banks according to this model.

As for other fintech companies, banks generally can't trust them, for fear of stepping on thunder.

Fan Hongyang thought about it, it is true that Yimin Netfinance is still a lot worse than the strength of the giant, if it is still maintained at a market value of tens of billions of US dollars or even higher, I am afraid that there will be one or two opportunities to cooperate with banks to jointly lend.

"What about the capital end of Yimin financial management?"

Zhang Yida sighed, "Reduce the issuance of bids and gradually reduce the proportion of P2P funds in the asset side."

When P2P funds are completely replaced by funds from financial institutions, they will completely withdraw from the P2P industry. ”

"I asked Yimin Netfinance to start the loan business more than two years ago, what is the proportion of institutional funds now?"

Fan Hongyang frowned, "It's not high, less than 20%. ”

"If you are given 1 year, next year you have to reach 100% institutional funding. ”

Zhang Yida looked at Fang Yuhan again and said, "You are the same, Xinglong loan funds must be converted into institutional funds in the middle of next year."

In addition, Ruimin Wealth Management has also reduced the issuance of bids, and has simultaneously reduced the stock of Yimin Internet Finance and Yimin Loan. ”

Chen Shaojie replied: "More than 50% of Yimin Loan's funds come from banks and other financial institutions, and 100% of the funds should be converted by the end of the year." ”

"Okay, that's what you said, I'm waiting for your good news!"

Zhang Yida smiled, this is the only good news I have heard recently.

I feel that Chen Shaojie's political consciousness is still very high, and he was punished for running away from an educational institution last time, and I am afraid that he also wants to find an opportunity to make up for his mistakes.

"Mr. Zhang, what are the arrangements for our Yimin wealth?"

Of the four CEOs present, only Ding Siyao's Yimin Wealth was not instructed, so she couldn't help but take the initiative to ask.

Yimin Wealth's main business is wealth management, which is not much related to P2P and loan assistance.

When it comes to impact, the stock market has a greater impact on this company.

"This year, due to factors such as the trade war, the economic crisis, and the cold venture capital market, the wealth management industry is not having a good time.

Let the investment managers below be more stable, don't ask for merit, don't make any big holes. ”

Speaking of this, Zhang Yida remembered Wang Jingbo's crazy woman.

I wasn't crazy, but I was driven crazy by the collapse of Yimin Net Finance and Yimin Loan.

The shareholders of both companies have made money, but this woman is the only one who takes over the plate in a high position and is reluctant to cut the meat, so it has become what it is now.

I called myself just now and asked myself what I thought of the next step for the two companies.

I casually expressed a little opinion, bearish in the short term, bullish in the long term.

As a result, the mad woman said that she had fooled her and was leading her to the point of no return.

Zhang Yida was a little puzzled, since he didn't believe me, why did he call me?

As a major shareholder and chairman, how can you convey a message of disapproval to the outside world?

After the other three left, Zhang Yida left Fan Hongyang alone and gave a special explanation.

"Get a consumer finance license?" Fan Hongyang was a little surprised.

Zhang Yida nodded lightly, "But there is a premise, the matter of P2P removal must be properly handled, and nothing can go wrong."

If something negative happens, basically the matter is yellow. ”

Fan Hongyang scratched his head, "But our total assets are still a big step away from 60 billion?"

Zhang Yida smiled: "You don't have to worry about this, I'll find a way." You just have to do what you have now. ”

"Okay, no problem. ”

Fan Hongyang was very interested, and changed the loss and frustration of the past few days.

He knows the meaning of the consumer finance license, which means that if he is recruited, the grass will become a regular army, and the safety factor is much higher.

Although the regulation will be stricter, at least it will not suddenly be out of play.