The Rebirth of Wealth

On the 6th, Yuanfang launched consumer loans, and on the 7th, Yuanfang launched exclusive loans.

The two types of loans have caused considerable repercussions among the user community.

Some people support it, others oppose it.

Some people even said that Li Dong wanted to make money and was crazy, and now he has started a loan shark business.

For these topics, there is no response from afar.

For consumer loans and small loans, whether it is good or bad is different from person to person. Everyone has different ideas. Some people support it and others object.

There are also people who have no feelings for Li Dong and feel that the distance is getting more and more atmospheric.

Compared with the tedious process of the bank, the far-end procedure is very simple, and the account arrives in a few minutes. This is a boon for some people who are eager to use money.

While the remote launch of personal loans, some SMEs are looking forward to it.

At the Internet Conference in 2008, Li Dong and Ma Yun said they wanted to support small and medium-sized enterprises, and banks did not give loans to small and medium-sized enterprises, so they went to change banks.

What they said on that day was not worth mentioning.

But now, with the distant place to get a consumer finance license, this kind of thing may happen.

Of course, the current consumer loan amount is not high, and it is still in the consumer field. The consumer loan now made in the distance is actually a bit biased, but fortunately, it is for individuals. With the low amount, no one is in the case of unclear laws Say what.

For small and medium-sized enterprise loans, without a small loan license, they cannot be lent from afar.

Therefore, at this moment, some companies that urgently need money and cannot obtain loans from banks are eager to get a small network loan license quickly from afar.

As long as you get it, according to the style of action in the distance, the door to lending to SMEs will soon be opened.

...

While looking forward to SMEs.

distance.

Li Dong also told me, "Small loan licenses should be obtained as soon as possible. Now they are all promoting the issuance of small loan licenses. Although we already have consumer finance licenses, it is more beneficial for us to get the small loan licenses. .

Ali was able to do better and better in the B2B field because they helped some SMEs and opened up the international market.

In China, some small and medium-sized enterprises with potential have actually helped enterprises a lot.

Sometimes, companies like us need a lot of cooperation and support from SMEs.

In the past few years, we have always been fighting alone.

It wasn't until 2009 that we established a retail alliance to attract some small and medium-sized enterprises in the retail field. At this time, we were considered to be a group.

But such a group, the strength is not strong enough!

An enterprise that wants to be as stable as Taishan, affects all walks of life, and dominates a single field is actually not enough.

Cooperate with small and medium-sized enterprises and become a part of us. The more companies participate, the better it is for the distance.

Large enterprises are not single existences.

When we are weak, this does not matter, nor harm, but when we are strong, we need to consider these.

Corporate loans do not seem to matter, but they are actually very important.

We give loans to SMEs, even if we are only a platform for lending, that is enough for us to affect these enterprises.

In the future, we will have some more cooperation or expansion activities. For these companies, the first consideration is that they cannot be enemies from afar, and can only cooperate with them.

Because we control their economic lifeline!

Why are banks so powerful?

Loan is a very important point!

All of them owe loans to banks. Some companies are afraid that banks will collect payments in advance and liquidate in advance. How many companies were tossed to death in the financial blacklist of the year.

Although we are not a bank, we have not tossed these companies to death, but as long as we do the loan business, it is actually a kind of control.

Therefore, the loan business of SMEs should be done as soon as possible.

After the corporate loan comes out, our loan business is almost completed, plus the disguised deposit business of Yu'ebao, the payment and settlement business of Wanhuan ...

These businesses have been done, except for some intermediate businesses, we can't do it. The remote finance is a bank in another sense.

In fact, the development direction of remote finance is this direction.

In the end, we must set up an Internet bank.

At present, China has not even opened private banks, but this trend is becoming more and more obvious. I think that it will not take long for private banks to appear.

Internet banking, I think, will eventually be recognized by the government as the times develop and become a part of the financial sector.

For a private enterprise, the final derivative becomes a bank, which is also the biggest recognition and protection of the enterprise. "

Internet Banking!

As soon as these words came out, there was something strange in everyone's eyes.

In China, especially now, when the traditional financial sector has not yet been hit, banks are actually the real Chinese enterprises.

Banks with a lot of cash flow have some advantages in treating any business.

In the past few years, have any companies not bad money from banks?

hardly any!

The bigger the company, the more bad it is.

Let's say that China Resources ranks first in petrochemicals and second in oil, do they owe money to banks?

owe!

Of course, these central enterprises, the government will allocate funds, their own profits are scary, they do not lack money, but they just owe money, which is also true.

Banks generally do not refuse their loans and do not call for dunning, but it is also true that there is a debt relationship between the two parties.

As a creditor, banks do n’t care whether they owe money to uncles or not. They really want you to urge debts, and you have nothing to say.

Therefore, banks are the de facto Chinese business leaders.

Distant Finance is now working in this area. Once it is really done, it will really lay the foundation of Distant Invincibility.

However, private banks are not formally established now. Internet banking is more difficult than private banks. Wanting to be China ’s first Internet bank is not that simple.

In the previous life, the establishment of Teng Xun's Wezhong Bank was only approved at the end of 14 years and officially opened in 15 years.

It is not difficult for the distant place to want the government to recognize and approve the government for so many years in advance.

No one else spoke in the meeting room.

Li Dong did not continue this topic, continuing to say: "In addition to these, the other is the financing of consumer loans and exclusive loans.

As the first consumer loan on the Internet, this time we will no longer go through traditional financial channels.

In traditional small loan companies, under normal circumstances, most of their final funding sources are actually through banks and shareholders.

Of course, I am talking about a regular small loan company, and I will not mention other private capital flows.

For this time, I have considered for a long time, and no longer need to go through channels such as banks, trusts, and insurance. As for shareholders' financing, we are temporarily unable to support them.

Therefore, I want to raise funds through ABS channels.

For consumer loans and exclusive loans, the final annualized interest rate can reach an average of 20%. Of course, the interest is interest. There will definitely be some dead debts. Excluding these, in the end, the income will not be so high, but it can be more than 10% Still not a problem.

For ABS financing, I looked at the financing of other platforms a few days ago, generally between 3.8% -8.5%.

And the duration of ABS is generally not short, three to five years is the norm.

If the project market is good, it is not too difficult to get an interest rate of about 5% with a remote qualification.

Today's banks have large loans for more than three years, and the interest rate must be more than 5%. In fact, the difference between the two is not much, and compared with banks, ABS financing review is easier and fund raising is simpler.

The key point is that there is no need to pledge!

Previously, our loans were all pledged for assets. Consumable loans were not used by us. It is obviously impossible for us to pledge with our own industries.

But once the bank does not lend, our principal is only 2 billion, which obviously does not meet my expectations.

Next, the group must start preparing for financing through the ABS channel.

Although the scale of consumer loans and exclusive loans is not large, only about 13 million in two days, plus today, it should be about 20 million.

And most of us are short-term one-month loans. In other words, according to the current level, the amount of money we finally released in a month is about 200 million.

After one month, most of the money will be returned.

But now is now, as time goes by, and our credit system has been established successfully, we have established a credit channel for more users and opened their loan business. I think the scale of loans will rise on a large scale.

In the end, one month's capital flow is definitely not a small amount, and it is not long in my opinion to exceed 10 billion.

So in the early stage, we should do some preparation work. After all, we are still doing this for the first time. I mean, in August, we made a tens of billions of financing plans.

The main body of the project is our consumer loan project.

Let ’s test the market first and avoid doing this kind of project later. We have no experience ... "

After Li Dong finished speaking, Cao Jinsheng of Faraway Finance slightly hesitated and said, "General Li, what you said is generally feasible.

It may be said that you may not like to listen, even if the scale continues to expand, by August, our monthly loans will not exceed 2 billion, which is inevitable.

The financing started in August, and the ABS financing speed is still very fast. The financing plan may be completed by the end of August.

In this kind of special financing, the financing balance will only go into the project, that is to say, this money can only be used for consumer loans.

Ten billion yuan of funds may eventually become our reserve fund, even if it is put into a bank account, there will be income, but the income will not be too high, and finally we have to pay at least 2 additional points of interest.

In addition, ABS financing is actually charged, generally around 1 point.

It is too early to raise 10 billion yuan. If our scale does not exceed 2 billion within a short period of time, then there is no need to raise so much money.

Otherwise, we will lose at least 200 million yuan a year.

In fact, even if you want to raise money, the first 10 billion is more than enough ... "

Cao Jinsheng also proceeded from the actual situation and settled the accounts for Li Dong.

There is no need to leave so much money on the remote financial side. Compared with the current scale, 10 billion, this reserve fund is really too much, not to mention its own money.

If you can't put the money out, you have to give interest to others. Is it necessary?

Ten billion yuan will be kept in the accounts of Yuanfang Financial. After one year, there is still so much money on the books.

After he finished, Li Dong frowned: "Did I not say that before? Next, as our credit system is completed, we will open the entrance on a large scale.

I also said yesterday that the two types of loans will reach a scale of 20 billion around October.

Do you think I am kidding?

A lot of 20 billion? A lot of 10 billion?

There are now more than 200 million users in Wankat. My plan is to gradually open the user's authority, and at least the ratio of 10% must be reached, which is the lowest.

20 million people can spend on loans, even if only half of them are in use, there are 10 million people.

The per capita loan amount is 1,000 yuan, which is 10 billion.

How long do you think this time will take?

As long as the credit system is established, it is possible at any time!

Therefore, if you prepare in advance, you will spend up to an extra month or two of interest expenses. The actual time may be shorter. When a corporate loan is opened, what is 10 billion?

This month's interest, from their interest difference, can be earned quickly, and in the end we will only earn, not lose.

Prepare ahead of time is better than no preparation.

In order to avoid the shortage of reserve funds, customer loans, and no decentralization, that is the biggest blow to our credibility.

In this matter, you have to go one step at a time to see three steps. Do n’t just look at the things in front of us. Our size is small, can it always be this size? "

He said this, Cao Jinsheng thought about it for a while, and had to say: "Then we will start preparations immediately, but 5% of the three-year period ..."

On the current ABS platform, the 5% interest rate is generally a short-term interest rate, generally ranging from half a year to one year.

Li Dong wants to use this interest rate for three-year financing, which is a bit difficult.

Li Dong said lightly: "Try it first. In fact, users who participate in financing not only consider the level of interest rates, but many people also value the popularity of the company.

Small businesses need to attract people to participate with high interest rates. The distance is now somewhat famous, but the key is still stable.

At present, there are not many large enterprises participating in ABS financing, and the interest rates given by government projects are not high. Although we can't compare with the government, it is ugly. Some small countries may not have our credibility and popularity. "

He said so, Cao Jinsheng had no choice but to say finally: "Okay, then I will go back and prepare."

As for the 5% three-year period, whether it can be financed to 10 billion, it depends on luck.

Li Dong can't blame him for not so much financing. After all, relatively speaking, 5% is not really high. Now the bank's three-year period is not much different from this.

Of course, this is a worldwide financing. Huaxia deposits have interest. In some countries, deposits have to be paid upside down. You cannot simply look at the situation in Huaxia.

For some foreign investors, some people can accept 5%.

However, things are not as simple as Li Dong said. The key to the reputation of the distant place is still concentrated in China. It can only be said in general in the world. This may depend on the listing on Weibo.

As long as Weibo's listing is exploding, the fame in the world will be established.

Once Weibo fails to produce the desired results, no matter what channel of financing, the following remote financing will be much more difficult.

Cao Jinsheng considered distant finance. Yuan Chengdao, who had been silent for a while, gave Li Dong a thoughtful glance.

In the past, Li Dong seldom cared about these things, nor did he deliberately think about which channels to use for financing.

Now, listening to what Li Dong said, he should have conducted a survey of ABS for a period of time, otherwise it will not be the mouth of the interest rate range.

Is Li Dong really financing for remote finance?

Yuan Chengdao felt more than that!

Now let's try to get a market for 10 billion yuan. Once the market is good and distant projects are sought after, then, will there be 50 billion or even 100 billion or more financing plans?

And why use so much money for financing?

No matter how much money is raised, it is not your own money, you have to pay interest.

Even if it is 5%, 100 billion in financing, a year later, interest alone will be 5 billion.

If these 100 billion yuan can not create more than 5 billion profits, it is a loss-making transaction.

Once a loss occurs, in fact, the loss is not only the 5 billion problem, the key is that ABS financing is guaranteed by its own project.

If the project does not make money and loses money, the impact will be even worse. Even if the interest subsidies are raised from afar, it will cause some adverse effects.

After all, in the eyes of many people, investing in the distance lies in the invincibility of the distance, and the lack of loss-making.

But if Li Dong uses the money for retail mergers and acquisitions, can it really make money in the short term?

Yuan Chengdao had doubts about this point. At this moment, Yuan Chengdao felt a little worried.

Thinking of these things in his heart, Yuan Chengdao was slightly distracted.

It wasn't until I felt a gaze around me that Yuan Chengdao woke up and looked up at everyone.

At this time, Liu Qi on the side reminded in a low voice: "Zong Li asked you to summarize the results of the first half of the two quarters."

It is now in July, half of 2009 has passed, and the performance summary for the first half of the year should also come out.

As the president of the group ~ www.wuxiaspot.com ~ the performance summary of the first half of the year is naturally the clearest.

In fact, today's meeting is to make a summary for the first half of the year, and the previous topics are all about extra topics.

As a result, Li Dong asked a few words, and Yuan Chengdao didn't respond, naturally attracting everyone's attention.

Liu Qiyi reminded, Yuan Chengdao quickly said: "Just now Mr. Li said that ABS financing, I just thought, can there be some other projects in the distance, and also carry out ABS financing, I was fascinated for a while, sorry."

After explaining briefly, Yuan Chengdao was relieved to see that Li Dong didn't care.

Then, Yuan Chengdao picked up the documents and began to talk about the business summary report for the first half of the distance.

In the conference room, everyone else listened carefully. Li Dong even began to write, draw, and paint. Obviously, he paid more attention to the performance in the first half of the distance.

After all, in the first half of the year, there were a lot of moves in the distance, and a lot of preparatory work was completed in the first half of the year. Whether or not a major breakthrough can be made, the performance of the first half of the year is still very important.