Chapter 147: A Rare Opportunity

"Yes, of course I do!" Fang Mingyuan blurted out almost immediately.

Fools don't want to do it, all mature Chinese people know that Huaxia's banking industry, that is simply an industry that makes money without losing money!

In China, the source of profits of the banking industry is completely different from that of the banking industry in developed countries in Europe and the United States. To sum it up in one sentence, that is, banks are profiteering industries, and banks are monopoly industries!

Many people will find it strange that the banking industry is not an emerging industry, and its existence history can be said to have a long history. And even in China, there are dozens or even hundreds of large and small banks. There are at least five banks in the country, so where does this huge profit come from?

In fact, the windfall profits of the banks are given to them by the government. Banks generally make money in two ways, one is to absorb the interest rate differential income from deposits and external loans, and the other is to charge various fees. Whether it is fees or deposit and loan interest spreads, they are all regulated by the state through law.

In foreign banks, the average interest rate spread is generally between 0.2% and 0.5%, and if it exceeds 0.5%, it will generally be regarded as windfall profits! In China, the bank's interest rate spread is the highest in Shijie. The major banks generally absorb deposits from the people at an interest rate of 5 or 6 percent, but after 2,000 years, this interest rate has dropped to 2 or 3 percent, and the banks generally receive more than 10 percent or even 15 percent of the interest on loans to foreign countries. In this case, the spread between the two is 78 percent, or even more than 10 percent! In other words, compared with their international counterparts, Huaxia Bank's profit ratio is at least 10 times that of their peers!

There was a time when the major banks claimed to be high-interest deposits, but when it was said that they were high-interest deposits, it was only four or five percent interest, and compared with their external loan interest rates, which were often more than 10 percent, Fang Mingyuan even felt that the average interest rate difference between Huaxia's banking industry and its international counterparts could be described as shameless.

Interest rate differential income accounts for 7 to 80% of the bank's revenue, which is almost a common phenomenon in the Chinese banking industry. The regulated interest rate under the protection of the administrative system has become the fundamental reason why banks can obtain ultra-high revenues and profits. And this kind of interest rate spread is stipulated by the state, and the major banks have no right to change it! Therefore, to be honest, it is difficult for Huaxia banks not to make money, as long as they can absorb deposits, they can make money!

Speaking of fees, Huaxia's China Banking Regulatory Commission issued a document clearly stipulating the bank fee standard, because everyone deposits in the bank, they have to open an account, and the company has to pay wages through the bank, which cannot avoid the charges. According to Fang Mingyuan's knowledge, in 2007 or 08, according to the data released by the Huaxia banking industry itself, the bank's fees were as high as more than 800! Sometimes, even the bank's own staff have to open the thick stack of materials with dozens of pages when handling business.

Taking small account charges as an example, if a card charges a few yuan, a bank has to issue hundreds of millions of cards, and this alone can earn hundreds of millions of dollars.

What's even more infuriating is that many of China's service industries are linked to banks, such as paying cable TV bills, you can only go to its designated bank, and drivers can only use the card of the bank designated by the traffic management department to pay the fine, and these designated banks are often not the same, and the result is that the people have to keep many bank cards that are only used for a certain service, but are not usually used at all.

It is precisely because of the huge profits given by the state to the banks that Huaxia's banking industry has achieved excellent results that are the envy of its international counterparts!

Hearing Fang Mingyuan's unmistakable answer, Yu Qiuxuan also breathed a sigh of relief. To be honest, this time, when Guo's Shipping Group suddenly received an invitation from the All-China Federation of Industry and Commerce in China, inviting them to join the ranks of the initiators of the new bank, it was really taken aback.

Although it is said that after some discussion, the Guo family still thinks that this matter is promising! China's economic development in recent years can be said to be booming, the prospects of the financial industry should be bright, and the Kuok's shipping group should be profitable to join the establishment of the new bank. Moreover, in this way, it is also convenient for Guo's Shipping Group to meet the needs of funds after entering China.

However, everyone in the Guo family has some concerns, mainly worried about the Huaxia government's policy repetition. You must know that Mr. Guo is particularly apprehensive about the public joint venture implemented by the Chinese government back then! Although it is said that today's Guo family has rich assets and billions of yuan investment, it is not a big deal for them to spend money, but after all, it is the Guo family's hard work, and it is also heart-wrenching.

zuihou, Old Man Guo decided to let Yu Qiuxuan come to ask Fang Mingyuan's opinion on this matter, if Fang Mingyuan was optimistic about this matter, then the Guo family resolutely participated. If Fang Mingyuan is not optimistic about this matter, then the Guo family will naturally wade into this pool of troubled waters. If Fang Mingyuan also intends to participate, it will be even better!

Although Fang Mingyuan had already made a clear statement, Yu Qiuxuan felt that Fang Mingyuan had not thought it through at all, and his answer was too hasty, so she had to remind him. "Mingyuan, you have to think about it. So far, there are 47 new banks, with a registered capital of 3.5 billion yuan. I know you're not going to take that money into your eyes, but ......"

"Sister Qiuxuan, don't worry, I think very clearly. I'll tell you the truth, I've wanted to set up a bank in Huaxia for a long time! I'm afraid that I won't be able to pass it in the government! Fang Mingyuan interrupted her and said, "That's fine, as one of the dozens of shareholders, I think it won't be so conspicuous!" ”

Fang Mingyuan knows very well how important a functioning bank is to the healthy growth of Fang's industry. Not only because the bank has extremely rich profit income, but also because of the existence of the bank, for these industries under the name of the Fang family, there is a very haode loan platform. This can play an extremely important role in the future development of Fangjia's industry. This can be seen from the fact that the core of those consortia in developed countries in Europe, the United States and Japan is a large financial enterprise.

Not to mention, in the next ten years of Huaxia, Huaxia's banking industry will make money very softly.

In Fang Mingyuan's previous life, the president of Jimin Bank publicly said that sometimes the profits were so high that he was embarrassed to announce them!

The profits are so high that they are embarrassed to announce them, so you can imagine how high the profits of the banking industry can be!

Before Fang Mingyuan died in his previous life, he once saw a report written by his own people in the banking industry, in 2009, the average annual profit of the five major state-owned banks in China was 36.0 percent! And this does not include the various hidden rules fees that enterprises have to pay to bank personnel when they take out loans! Moreover, such high profits were achieved under the premise that the five major state-owned banks were seriously overstaffed, the company's internal staff was superfluous, the loan system was not standardized and strict, and the non-performing loan rate was much higher than the international average.

If you want to change to those internationally renowned banks, I am afraid that the annual profit will be more than doubled! Such a huge profit is enough to make all the well-known banks in Shijie crazy! This is also an important reason why the financial industry of Weishenme European and American countries is eager to carry out the Chinese market!

Although the relationship between the Fang family and the Bank of Communications is very good, and Gu Yucheng's development prospects are also very optimistic, Fang Mingyuan also understands that state-owned banks like the Bank of Communications are too influenced by government officials. In the future, if there are high-level people who intend to suppress the Fang family, then even if there is Gu Yucheng, it will be difficult for the Fang family to take a loan from the Bank of Communications! And Fang Mingyuan's other assets didn't want to burst out so easily.

Therefore, out of the idea that all eggs are not put in one basket, Fang Mingyuan will establish a joint venture bank with two princes in the United Arab Emirates, and will pay attention to Hong Kong's financial industry!

Now, the opportunity has taken the initiative to jump in front of his eyes, how can Fang Mingyuan let go of this opportunity!

The first private capital joint-stock bank in China! Although it is also subject to the supervision of the People's Bank of China, its degree of freedom is higher than that of those state-owned banks after all!

As long as there are clear property rights and clear rights and responsibilities. The general meeting of shareholders, the board of directors and the board of supervisors have played their due role, and Fang Mingyuan believes that the future of Jimin Bank will inevitably have strong vitality and vitality. And your own understanding of the future can also provide the right direction for the development of Jimin Bank! Even if the shares that the Fang family can get at the beginning are pitiful, Fang Mingyuan is confident that in the next ten years, the Fang family and the Guo family will become the real principals of Jimin Bank!

"Sister Qiuxuan, when and where will the official meeting of the initiators be held?" Fang Mingyuan couldn't wait to ask.

Yu Qiuxuan couldn't help but be a little amused, it had been a long time since he had heard Fang Mingyuan's tone so urgent! "Mingyuan, it's just an intention now, I don't know the specific time and place, this will not be known until we officially reply to the All-China Federation of Industry and Commerce. I don't think it will be long, though. ”

Fang Mingyuan let out a long breath, and he also realized that he was a little too urgent. Obviously, such a big thing cannot be seen in just a few months.

"Hey, by the way, I heard Fang Bin say that Spielberg, Cameron, and Gower are coming to Huaxia to meet you recently, when is it?" RO@。