I'm reborn and I'm an international student again?

"There seems to be a lot of discussion here. Some bosses may think that our new product will have an impact on their business, but what I want to say is that my country's financial market is so large that it is not something that can be taken over by one company. What's more, we are mainly targeting low-end users and the loan amount is very small. There is no need to worry about any major competition..." Feng Yun tried to appease the bosses.

You have to know that he is already being targeted by many people. If he pushes others into a corner, he will probably be surrounded and attacked. Even if Aba Aba is very powerful, he can't withstand the attack of so many people.

"Bullshit, stop fooling us. If you play small now, you will definitely play big in the future."

"That is, do you think we are some ignorant fools?"

However, his words had no effect, but instead angered the bosses.

What was said just now was like playing monkeys. These bosses felt that they were insulted and despised, and their words became even more foul.

"Okay, I've finished what I want to say. Please welcome the next person." Seeing this, Feng Yun immediately chose to retreat. If he said a few more words, the consequences would be disastrous.

The effect he wanted today has been achieved, which is to promote his new product.

"Okay, go up and say a few words." Feng Jialun poked Chen Xi with his arm.

"Ah? Just two words. I wanted to say more." Chen Xi looked at him with a wicked smile.

"Then say a few more words." Feng Jialun was left speechless and could only smile and shake his head.

Zhao Lingshan made a cheering gesture, but Wang Qiansui looked puzzled. He didn't know what Chen Xi was going to do. Only Rogers looked at Chen Xi with a smile.

"Hello, leaders and CEOs. I would like to say a few words on behalf of Huakai Capital."

"Haha, finally a young person is speaking at the financial conference."

"Every time it's us old guys who speak, it always feels like something is missing."

"This is a very good phenomenon. Everyone is talking about reform. This is a new trend."

The people in the audience had a good impression of Chen Xi, and more importantly, they had a good relationship with Huakai Capital and Feng Jialun.

"The theme of today's conference is financial reform. I have just listened for so long in the audience and have some small thoughts. I would like to talk about my thoughts now. Please forgive me if I say something wrong." Chen Xi looked at everyone's expressions and they seemed normal.

Feng Yun leaned back in his chair with his arms folded, staring at Chen Xi above him.

He didn't expect that this young man would dare to speak up, so he just provoked him with a few words...

Young people are young people after all!

"Mr. Feng, what did you ask him to say just now?" Lin Xi asked curiously.

"Isn't this what I'm talking about? Just listen. Why, do you want to go up and show yourself?"

"That's not the case. There are so many people here, it would be bad if I said something wrong. It's better not to say anything. I don't have as good an eloquence as you, Mr. Feng." Lin Xi smiled awkwardly.

There were many people present who shared the same idea as him. It was easy to stand out at a conference like this, but if you didn't say the right thing, it could be a disaster.

"Just now a CEO talked about the credit investigation issue. Indeed, this is a major reform that can make debtors pay back their debts and reduce the number of bad debts. However, this system was introduced from the West, and we do not have the corresponding laws to maintain it. So what we introduced is just an empty shell, and the rest are the rules we have changed and formulated ourselves. I am an international student. In the West, if someone borrows money from a bank to do business, even if the business fails and he is unable to repay the loan, he can apply for personal bankruptcy to eliminate the debt. However, our credit investigation system does not have the option of applying for personal bankruptcy. Banks provide loans to others, which is in disguise a kind of investment, and investment means losses and profits. But if the bankruptcy application is cancelled, the bank will not suffer losses. Even if the debtor wants to turn over again, he will be blocked by this system. The pressure is so great that it is hard to breathe. Imagine if you choose to start over again, but the money will be deducted as soon as it reaches the bank card, then even survival will become difficult, let alone turning things around. Looking at countries with a perfect credit reporting system, no bank can be 100% profitable. If this kind of thing is launched, the bank will become a giant. With so many people in the country, the interest generated by repaying their debts every day will allow the bank to sit firmly on the throne of the Fortune 500... This is unhealthy for the entire financial industry, no, it is unhealthy for all industries... The most important thing is that if this immature credit reporting system is implemented, it will become a phenomenon in the future - lending to all people! Those so-called technology companies will use their user resources to lend openly when they see that this industry is profitable, and they are not afraid that others will not pay back the money..."

"Fart, it's just farting."

"What is Feng Jialun doing? Did he ask this kid to go up and tell him?"

"It must have been his idea. How could such a young man think of these things?"

The bank's executives looked at Chen Xi on the stage, each of them gritting their teeth in hatred. This was undoubtedly a threat to their big pie.

If Feng Yun's words just now were a critical hit, then Chen Xi's knife was simply cutting into their aorta.

"Haha, this guy is really bold. He's even braver than Feng Yun, but I like it."

"I just like to see people in the bank get humiliated."

"These parasites in the bank will find new ways to exploit others every day. If they continue to do this, the bank will become the most profitable industry in the country, no doubt about it. Then other industries will be useless. I have never heard of a business that does not lose money."

"That's right. Damn, these bank scumbags. I'm already very upset about the financing..."

Almost all the bosses present chose to support Chen Xi.

But some people have a different opinion, that is, the credit reporting system will bring benefits to them.

If large online lending companies are also connected to the credit reporting system, then they will not have to worry about borrowers not repaying the money. They will definitely support such a good thing.

This naturally includes insurance companies, because they also have lending businesses. Companies that can do insurance business must be very large, and the benefits of connecting to the credit reporting system are naturally self-evident.

"Don't worry, everyone. Actually, I'm not saying that this credit reporting system is bad. I'm just suggesting that it can be changed. There's an old saying that even a rabbit will bite when it's cornered. There's no need to force people to death. Banks are after money, not lives. Instead of doing this, it's better to relax the restrictions first, and then change and implement the supporting laws after they come out..."

Chen Xi's words made the bank's executives start to think, and it seemed to make sense. If you eat too much at one go, you will eat yourself to death. You should consider whether you want to have a full meal every time and a full meal every time.

They can do this because bank executives are not stupid. If the consequences of this credit reporting system are uncontrollable, then higher-ups will intervene and regulate it. In this way, they won't make any money and may even have to work on sewing machines.

Chen Xi also reminded them not to be too drastic in doing things, which made the bigwigs in various industries re-examine their actions.

"Okay, let me talk about financing and credit issues." Chen Xi observed the expressions of the crowd again, and then he continued with confidence: "The current financing cost is a bit high, and there are so many loan companies outside. So the question is, if a large financial company borrows tens of billions or tens of billions from the bank, and then lends it to people in need, it will package credit assets, such as small loans, into securities through asset securitization (ABS) and sell them to investors in the capital market. In this way, the funds can be quickly recovered, and new loans can be continued to be issued, thereby expanding the scale... Where do the old and new funds come from? Think about it? Although this high-leverage operation can magnify the return on investment, it also brings corresponding risks. Once the market environment changes or the value of assets decreases, the financial company may face the risk of debt default, which will bring great pressure to its financial situation. This will eventually bring bad luck to the investors... More importantly, if this financial company becomes bigger, it will completely replace part of the bank's business..." Chen Xi's words were like thunder, directly hitting everyone's heart. Everyone turned their attention to Feng Yun.

Feng Yun's face was now flushed, and his palms were covered in sweat from nervousness.

He never expected that this young man would transfer all the conflicts to him with just a few words.

It's absolutely abominable.

Being stared at by so many bigwigs at the venue made Feng Yun feel a little uncomfortable. He could only play dumb and chat with Lin Xi beside him: "Hello, your vice president. He is really nice..."

"Oh, Mr. Feng. I am not capable enough to control this person." Lin Xi scratched her cheek, looking aggrieved.

"If we do this, it will become a subprime mortgage."

"Yes, it doesn't comply with the regulations, so it must be usury, and the target group is all low-income people. If they don't die, they will be skinned alive."

"Hehe, the people at the bottom are the dumbest. They might even borrow money from him and be grateful to him and call him Dad Feng. They never thought about the tricks behind it..."

"People at the bottom only care about who lends them money. They don't consider the big impact, because when a hungry person is hungry, his only thought is to eat and survive."

"Yes, there has been such a group of people since ancient times, who will work for whoever gives them food."

People at the meeting were talking about it.

Subprime mortgage, also known as subprime mortgage, is a loan provided by banks or lending institutions to customers with low credit ratings or income who cannot meet ordinary credit standards.

This type of loan is usually offered to individuals with poor credit, no proof of income and repayment ability, or other heavy debts.

Compared to the prime-rate mortgages given to people with good credit, subprime mortgages have higher interest rates to compensate for the additional risk.

His target audience is basically low-income people and students, who have little income to begin with, and the high interest rates are simply murderous.

According to normal procedures, subprime loans generally require collateral, such as real estate, etc. However, in reality, subprime loans can be circumvented by paying bribes and using connections. This has led to a significant increase in the bad debt rate.

The subprime mortgage problem became an important trigger for the global financial crisis in 08. Many financial institutions over-invested in financial products related to subprime mortgages, such as collateralized debt obligations (CDOs) and collateralized debt obligations (CDSs). When the real estate market collapsed, the value of these financial products plummeted, causing a large number of financial institutions to suffer huge losses or even go bankrupt.

This incident brought profound lessons to the global financial markets and emphasized the importance of prudent supervision and risk management.

However, Feng Yun chose to openly engage in usury at this conference to prevent financial crisis. Isn't this a slap in the face of everyone? The most important thing is that his leverage operation is to play with the bank staff like monkeys, and anyone would be angry.

"Everyone, think about the bad debt rate of this financial company. It has a leverage of dozens of times. Once the bad debt rate exceeds 1%, it will be a super crash! Think about it, which bank or financial company will have a bad debt rate lower than 1%? I have never seen it..." Chen Xi added another blow, and every blow stabbed into Feng Yun's heart.

How could he not know this truth?

Feng Yun's idea is to separate this financial business from himself in terms of legal responsibility. So even if there is a crash, he will not be affected. He has made all the money he should have made, and at worst he can just walk away.

As for those who borrowed money, he fully grasped the hearts of the people. These people believed that it was better to live a miserable life than to die a good death, and they lived one day at a time. As long as they had food to eat and money to borrow, they would not care about the consequences.

Chen Xi himself did not expect that a few words today would kill in the cradle a financial product that was spread all over the country in the previous life. Aba Aba will not have the same glory in this life as in the previous life.

"Haha, this kid is really interesting." Feng Jialun was very excited in the audience.

He believed that he had a unique vision and that few of the people he chose were inferior. Chen Xi's performance did not disappoint him.

"Hehehe." Zhao Lingshan couldn't stop laughing. Her man was so outstanding that she was happy from the bottom of her heart.

"What this guy said makes sense. Let's hold a meeting and study it again. As for the new financial product that Feng Yun wants to develop, everyone should know how to do it."

"Of course I know what to do. If it weren't for this young man's reminder, when Aba Aba becomes too powerful, wouldn't that be raising a tiger to cause trouble?"

The CEOs of several banks and financial companies began to discuss countermeasures.

Feng Yun and the others will definitely be dealt with. As for the credit reporting system, it does not seem appropriate to launch it now, so let's improve it...

"Okay, I've finished what I wanted to say." Chen Xi decided to stop and walked straight to his seat. When he approached Feng Yun, he raised his eyebrows at him.

However, Feng Yun did not show any anger, but looked at him with a smile, touching his chin.

In his previous life, Feng Yun had the same expression when he failed to compete with him for a project.

The higher a person's rank, the better he can control his emotions. Feng Yun is one of those people.

Even though he was being targeted by everyone, he did not feel embarrassed and leave. He just continued to sit in his chair and listen to the lecture as if nothing had happened.

Quite interesting, his endurance is really strong, worthy of being a big businessman.

Chen Xi gave Feng Yun a thumbs up in his heart.

He was very objective in his evaluation of others. Even someone he hated, such as Chen Yifeng, still had his merits.

"Now, please let Mr. Rogers speak. Mr. Rogers has come from afar just to offer some suggestions for our country's financial industry. Although the situations in Eastern and Western countries are somewhat different, but..." At this time, the leader who spoke at the beginning of the conference spoke.

Rogers stood up, slowly took off his mask, and walked toward the stage. (End of this chapter)