In April 2011, when Yu Bao was in the limelight, Wang Qinian did not add fuel to the fire, but let the time cool down. Pen? Interesting? Pavilion wWw. ｂiquge。 info【Latest chapter reading】

Of course, the cooling is just propaganda, in fact, for example, in terms of talent team and service, it is all hard work. Many talented people from banks, funds, insurance and other institutions at home and abroad have also been poached by small partner companies.

The support of small partners for Yu Bao has not decreased at all.

It's just that in terms of publicity, a low-key strategy has been adopted.

That is, just do it, don't say it!

I have done a lot of work hard, and I don't need excessive publicity. In fact, the financial team of the small partner is not yet ready to manage the psychology and team building of hundreds of billions of yuan of large-scale money market funds.

Now with a scale of tens of billions, it is already the largest monetary fund in China, and it needs to work hard to ensure the smooth operation of Yu'e Bao.

It is actually a very complicated thing to ensure that users can use money at any time, to ensure that the rate of return of money market funds is relatively leading in the industry, and to ensure the safety of funds.

"Be conservative and cautious, and the foundation will be evergreen!" For the small partner financial holding company involved in the financial industry, Wang Qinian prudently explained, "The financial industry is a marathon, compared to the ability to survive, as long as you can survive, in the long run, the average profit earned by survivors in the financial industry is always higher than other industries in the world." But...... Those financial institutions that did not survive, and the lost capital, are also very terrible black D! Therefore, in doing finance, first of all, it is not profit, but risk! It is evil to think only about making money and profiteering. The royal financial practitioner needs to be extremely conservative. In times of financial crisis, conservatives are heroes who save others. And those who are radical are the troublemakers who are involved in other troublemakers! Conservatives, financial stability, are a huge contribution to society. For customers, it is also the most responsible. Morally. A conservative is a true gentleman. The noblest conservatives, not the most stubborn, have absorbed a huge amount of knowledge. With the most knowledgeable knowledge, be cautious about known and unknown risks. ”

In fact, being conservative and cautious is more of a moral standard than a character. Be truly conservative and cautious. Certainly not because of the stubbornness of ignorance. But it is very, very erudite, and after knowing a lot, because I know too much, I can eliminate countless uncertainties, and in the end, I can be conservative and cautious. Be conservative and cautious, seemingly simplifying, and avoid trying some risks. Actually, it's the perception of risk. A very high degree has been reached. It is for oneself, for the society, and for the customer to the limit, so in the end, this model will be chosen.

People who are irresponsible to others, or to themselves, will come in to encourage others to be radical and risk-taking.

For example, a person with a conscience will definitely not encourage others to gamble or buy lottery tickets, because. In terms of win rate, it is naturally weak.

And Wang Qinian thinks that he is very conscientious and has a very high moral level. So. The public offering of the small partner does not provide "gambling" business. Rather, money market funds are provided, which are savings that can earn interest.

Moreover, the security of the small partner's money market fund products has also been achieved to the extreme.

The small partner's Yue Bao has Wang Qinian's ballast deposit of 5 billion yuan, which is already similar to the "deposit reserve" of the banking industry. So much reserve funding. It also means that the stability of Yu'e Bao exceeds that of most money market funds in the market, and even more than most banks.

In addition to the risk reserve, Tianhong Fund, which operates "Yu Yu Bao", currently invests most of the management fee income in the construction of the risk reserve at the bottom of the ballast. The so-called risk reserve is that most public funds, in order to cope with the payment in extreme cases, so withdraw a part of the profits to establish a capital pool. This part of the funds can not be used under normal circumstances, and only in extreme cases, when the fund company encounters a huge run, can the risk reserve fund be used to ensure payment.

The strange thing about China's public offering is that for so many years, there has never been a run. I have never encountered a situation where the fund company has no money when the customer applies for redemption. Internationally, there are some clauses in the fund industry that exist theoretically, such as when a huge amount of redemption is made, the fund has no money to pay in the short term, and can be temporarily rejected for redemption.

This extreme risk has never happened once in China.

Of course, Wang Qinian can't have the idea that the financial market of the Celestial Empire is special and different from the international market. In fact, the legendary run and huge redemption may really happen in the Celestial Empire in the future.

Therefore, the small partners also take precautions, and the construction of risk reserves is better than other public funds. At present, eighty percent of the management fee income of Tianhong Fund will be included in the risk reserve fund pool. When the scale of the fund stabilizes, the scale of the risk reserve fund gradually increases to a certain extent, and the proportion of the risk reserve is being reduced.

In a low-key situation, the scale of Yu'e Bao can still maintain a growth of more than one billion per day, and according to this trend, Yu'e Bao can reach 100 billion yuan within this year.

This speed is already very fast, and if it is fast, it may become the target of public criticism, and many banks have begun to target Yu'e Bao.

Only do not say, low-key to expand the share to a certain scale. At that time, if you want to move Yu Bao, it may cause financial turmoil, and at that time, Yu Bao is estimated to not be banned.

Of course, Wang Qinian also continues to give some sweetness to the banking industry, for example, the small partner company did not rely on lending to drive scale expansion in the past, the bank wanted to come to promote loans, and the small partner company also said that it was a spread - the company still has a lot of cash to spend, and there is no super large merger and acquisition plan, so naturally it does not need too many loans.

As a result, the scale of interest-bearing liabilities of such a small partner company does not exceed 20 billion yuan. The debt is less than the profit of the partner company in a year.

Unlike some companies, even the scale is even ten times the net worth, which is more than dozens of times the annual profit. The kind of company that makes a fortune quickly by relying on financial leverage seems to be the mainstream rising model of most domestic enterprises.

For example, the real estate industry typically relies on financial leverage and high-risk gambling methods. If the real estate industry has been booming, then it is natural to rely on this leverage to achieve a growth rate that exceeds that of ordinary business. However, assuming that the real estate industry begins to decline, then those real estate companies that operate with debt are also the most likely to form non-performing assets.

The development model of small partner companies does not rely on expanding financial leverage to achieve rapid development. In essence, the development model of the little partner is - to find the outlet!

It's like Dugu Jiujian, constantly finding market breakthroughs that others don't realize. Innovate again and again, be one step ahead, be prescient, and take the biggest market cake.

Someone else wants to imitate this strategy of a friend - it's hard!

After all, this model of the little partner is equivalent to good luck every time it is a critical moment. Next time, it's good luck again. Next time, it's still good luck at the beginning......

The big strategic choice and layout have always been right, how can others imitate it?!

Of course, the small partner company does not need funds, and having more funds can make the development of the small partner one step faster, and Wang Qinian does not object to this. However, funds need to be used well, and after investment, it is qualitatively helpful to the overall strategic pattern of small partners, and such investment is meaningful.

On April 15, 2011, the small partner raised a five-year loan of 100 billion yuan from major banks, with an annual interest rate of 5.25%. This is equivalent to a 2% interest rate spread on top of a one-year deposit. This spread, of course, is the profit given to the bank.

With the solvency of the partner company, even if the 100 billion yuan loan is all lost, it seems that there is no problem at all to repay the principal and interest.

The 100 billion yuan of cash financed was ranked according to the major banks, and each bank received a share of 20 billion yuan. The banks at the bottom of the queue have no share. As a result, banks such as Xiaozhao, Xiaoxing, Xiaopu, and Xiaomin are all full of grievances.

The reason for favoring one over the other is also because the political influence of the five major banks far exceeds that of other banks. Most of the upper-level leaders in the financial industry are from the Big Five.

As long as we have a good relationship with the five major banks, and the five major banks do not make ghosts on it, then the CBRC, the central bank and other competent departments will not make moves to restrict Yu Bao.

Of course, after the loan of 100 billion yuan is obtained, many strategies of the partner company can also be deployed in advance. (To be continued.) )