My Age of Investment

   Chapter 1315 Internet Insurance

   No. 17 on the Bund.

   The AIA Building, which is just across the river from the Oriental Pearl Tower, has stood on the banks of the Huangpu River for nearly a century, witnessing a century of vicissitudes of a country.

  With the opening of the door, AIA, who had been away for nearly 40 years, has returned to the magic capital.

   There were also many blond and blue-eyed foreign bank staff who came back with them.

   Careful citizens of Modu found out when they were running along the Huangpu River in the morning that in the past two months, fewer foreigners came in and out of this exotic-style building, and they were replaced by all Chinese.

   What is even more strange is that the minarets at the two corners of the front roof of the building are also plugged with two bright red five-star red flags.

   Did the foreigners withdraw?

  Curiosity-filled citizens of Modu went to China Merchants Bank next door to AIA to do business, only to find out that the foreigners had really withdrawn, and now AIA has become a genuine Chinese company.

   After taking over AIA, the team of Envision Financial Holdings immediately carried out a major operation. A large number of foreigners stationed in Magic Capital and serving as the management of the mainland headquarters were transferred one by one, and then they were all dispatched to Southeast Asia.

  As a Chinese company, AIA does not need to hire a bunch of foreigners to be senior executives in the mainland. They neither understand the national conditions, nor are they capable of working very well. At the same time, they demand high salaries.

   Xia Jingxing sent all these people to Southeast Asia with a single order, where the Americans could eat, and they could pull the banners of large international financial companies.

   But the mainland is completely unnecessary, and there is no need for a few foreigners to decorate the facade.

After the order   Xia Jingxing was issued, it was met with resistance from many American employees.

   They are reluctant to leave the prosperity and friendliness of Little Mumbai in the East, and refuse to leave this beautiful city.

   But Xia Jingxing is not used to these people, he can either choose to obey the company's arrangements or get out of his way!

   There is a roof garden on the top floor of the AIA Building, which is very beautifully decorated.

   Standing there, you can enjoy the most prosperous city scenery on both sides of the Huangpu River during the day, and at night, you can have a panoramic view of the light show of the Oriental Pearl Tower on the opposite bank.

   Therefore, this roof garden has also become the best place for AIA to hold a party for high-net-worth clients. It is basically closed to the public except for employees on weekdays.

   Chen Hong led Xia Jingxing to visit the company and took him to the roof garden.

   The wind on the roof was strong, and the red flags were blowing loudly, but the sunshade standing there was very stable. Xia Jingxing and Chen Hong sat under the shed, drinking tea and chatting.

   "How do you plan to develop the insurance business in the mainland? We have now replaced all the senior executives with Chinese people. After listening to the feedback from the following people, customers have misunderstood this and regarded us as a domestic insurance company."

  Xia Jingxing said with a smile: "The country is now very vigilant and conservative in opening up its finances, and will only adopt a financial opening approach that gradually eases restrictions on foreign investment.

   Didn't you propose it before? Divide the Vision Financial Holdings into two parts: international and domestic, and both include securities/investment banks, commercial banks, insurance, mutual funds/public funds and other full-line businesses.

   Among them, the international business is classified as a group, the registered place is in the Cayman Islands, and the headquarter office is located in Hong Kong;

  The domestic business is classified as a group, and the registration and headquarters offices are located in Modu.

   In addition, the international group will participate in the domestic group as a foreign capital, and the two will merge after the financial industry is completely opened up in the future. "

  Chen Hong took a sip from the teacup and smiled lightly, "This is a solution!

   But have you thought about it? We have never changed a little bit, and Yuanjing Financial Holding has your deep personal imprint on it.

   The actual controller is Chinese, so in everyone's eyes, it is a Chinese company. "

  Xia Jingxing spread out his hands with a smile: "What happened to the Chinese company? I didn't want to hide this. Most of Envision Financial Holdings' business scope is still in the Asia-Pacific region, and it has not entered European and American countries.

  We have a tacit understanding with Goldman Sachs and Morgan Stanley. As long as we don’t enter Wall Street and do a little commercial banking business in the United States, they don’t mind at all.

   We can even do investment banking, as long as it doesn’t threaten their status. "

  Chen Hong nodded lightly and said: "Okay, let's do it like this, Yuanjing Financial Holdings is divided into two, and the two divided groups are not parent companies, but companies at the same level.

   However, it is a bit troublesome to obtain private banking licenses today, and only insurance and securities businesses can be changed first. "

  Xia Jingxing said: "No problem, anyway, the banking business is not easy to do. Even if it is successfully changed to domestic capital, the people will not believe us all at once."

  Chen Hong laughed, "That is, let alone small cities and rural areas, even the residents of big cities have never heard the names of Huamei and Chinese Bank."

  Xia Jingxing smiled, the breakthrough point of banking will still be on Internet banking in the future, and now it can only be dormant.

   Thinking of internet banking, Xia Jingxing instantly thought of internet insurance.

   "You said, how about we try to sell insurance online?"

  Chen Hong looked surprised and asked: "You mean to build a web page to sell insurance products online?"

   "Yes, but it's not building a web page! Now that smartphones have become popular, AIA can follow the trend to develop an insurance application APP.

   As soon as users open the AIA app on their mobile phones, they can research and compare various types of insurance, prices, and coverage, as well as check electronic policies and purchase policies. "

  Chen Hong continued to ask: "How to buy a mobile phone? Pay through the Internet?"

  Xia Jingxing said with a smile: "Yes, Haifutong will also develop a mobile application, and Haifutong users can use mobile phones to pay in the future.

   They buy insurance through mobile phones, just like Taobao shopping through computers now, and even more convenient than the latter. "

  Chen Hong quickly thought of a new question: "How to solve the problem of trust? A life insurance policy is not a small sum, nor is it any accident insurance."

"Yes, it takes time and patience to solve the problem of trust. At the beginning, we can sell some cheap insurance types, and we can even cooperate with Haipay to give users an account property protection insurance, so that everyone can experience an Internet insurance product first. And services are the cost of educating users.”

   Chen Hong was even more confused. What is account property protection insurance?

   Seeing this, Xia Jingxing had to explain in detail.

   After hearing about the Haipay balance account, bundling bank cards, and integrating various Internet financial services, Chen Hong's expression could no longer be described as surprise, but looked at Xia Jingxing with a neurotic look.

   "Are you sure there will be users who are willing to upload so much information involving personal privacy and property security? Even choose to use a small mobile application to manage all personal belongings?"

  Xia Jingxing smiled, "Don't believe it, digital finance is definitely a big trend.

  With the Haipay APP, users do not have to go to the bank to queue for business, they can use their mobile phones to deposit and withdraw money, transfer money between banks, buy insurance, funds and various financial products.

   You can even use Haipay to pay utility bills, take subways, buses, etc.

  The ultimate goal of Haifutong is to build a pervasive digital platform from finance to life. "

   (end of this chapter)