Chapter 220 Evaporation of 1.2 billion US dollars in market value
Once Cheng Xiangjun is settled, the next thing will be much easier to handle.
Yi'an Insurance held another board meeting and elected Zhang Yida as the company's chairman.
At the same time, Zhang Yida signed a private agreement with other shareholders, agreeing on performance commitments.
Three years later, under Ruixiang's management, Yi'an Insurance's net assets reached 5 billion yuan. Except for Yin Zijie, other small shareholders collectively needed to transfer 35% of their shares to Ruixiang.
Yin Zijie and Ruixiang each hold 15% of the shares, and the other 70% of the shares are scattered among seven or eight small shareholders.
This means that they will each transfer half of their shares to Ruixiang after three years.
The transfer price is also calculated based on the company's value three years later.
Several small shareholders were very happy. After selling half of their shares three years later, they would be able to recover their principal and receive a cash return of at least 1.5 times. At the same time, the remaining shares were worth at least 2.5 times the principal invested.
At the same time, they are still praying in their hearts, hoping that Ruixiang will manage Yi'an Insurance to a net worth of 8 billion or 10 billion in three years, so that they can earn more.
As the founding shareholder of Yi'an Insurance, Yin Zijie spent a lot of thought and favors on applying for this insurance license.
So everyone sold him to save face. After three years, he does not need to sell his shares and can still retain 15% of his shares.
After all the signing ceremonies were completed, Cheng Xiangjun came over, shook hands with Zhang Yida enthusiastically, and said: "Mr. Zhang! Happy cooperation! I leave the development of Yi'an Insurance to you."
"That's right!" Zhang Yida added, "I'll leave the risk control system to you as well."
"Don't worry, I'll take care of it, I'll take care of it." Cheng Xiangjun smiled so hard that he couldn't close his mouth.
The cheapest version of Ruixiang's risk control system costs RMB 1.88 million. It is wholesaled to Yin Zijie at a 30% discount. If they sell one set, they will earn at least more than RMB 1.3 million.
With many years of banking relationships, Cheng Xiangjun was very confident that he could sell one or two hundred units.
Moreover, the four major banks are using it, but your small bank is not keeping up with the times?
Cheng Xiangjun couldn't wait to go back to the company now and ask the sales managers below to take action quickly, eating, giving gifts, drinking, etc.
After obtaining the insurance license, Zhang Yida has already collected 4 of the five major licenses he wanted from Bank of China, Securities, Capital Insurance, and Guaoxin.
Hanzhou Securities, Hantai Fund, and Ruixiang are only the second largest shareholders, and the largest shareholder is Handing Group. But Zhang Yida believes that in two years, sooner or later, everything will be in his pocket.
There has been no news of approval from Internet Banking.
But Zhang Yida also communicated with Liu Yonghao, who told him that the problem was not serious and that there would be definite news by the middle of next year at the latest.
The former Shixing Internet Bank was also successfully established. Zhang Yida knew that Liu Yonghao was very capable and had deep political and business connections, so there was a high probability that his application for an Internet bank would be approved.
The only thing Ruixiang currently has no involvement in is the trust license. There are only 68 in total in the country, which is rarer than the number of bank, securities, and fund licenses.
Although the number is small, the total assets under management total 20 trillion.
This asset management scale is second only to banks among all licensed institutions, and higher than securities and insurance.
In addition, trust companies can carry out almost all financial businesses such as financing, loans, securities investment, bond underwriting, and equity investment. Under the current policy of separate operations and separate supervision, one license can be called a "fully licensed financial holding group."
Every time there is news that a trust license is to be transferred, it will trigger a frantic rush in the market.
In the previous life, Penguin and Ahri had collected almost all financial licenses, but they did not have a trust license, which shows how difficult it is to obtain it.
It is something that can be met but cannot be sought. Zhang Yida can only wait for the opportunity to come.
At the same time, the wallet needs to be strengthened a little more. The purchase price of a trust license is easily 10 to 20 billion.
…
"Hold the grass, Zhuzhu Bao Lei?"
Zhang Yida heard the breaking news as soon as he returned to the capital after handling the Yi'an Insurance matter.
"Yes, their beautiful CEO, the woman who often appears on TV, was captured at the airport."
Song Caiwei was also shocked by this huge news. Such a big group would collapse at the drop of a hat.
"What a beautiful CEO. That woman is just a puppet. I heard she is the leader of their boss's harem."
Zhang Yida said with disdain.
"Ah? Harem group? And a group leader? These rich people really know how to play."
Song Caiwei stared at the boss, feeling that she had learned a lot today.
"What a waste of money. It's all the people's hard-earned money. The transaction volume on their platform seems to be more than 70 billion, right? How many people have been harmed by this!"
Zhang Yida shook his head and sighed.
"Well, the media has started to report on this mobile phone. More than 900,000 investors were involved, and as of the incident, the unpaid amount reached more than 38 billion.
The average investor is 40,000 yuan.”
Song Caiwei began to read according to the news.
"Look, the media has revealed the secret again. It is said that the Zhuzhubao platform is a complete Ponzi scheme.
It cost more than 800 million to buy fake information. These fake information were packaged into fake loan targets and posted online to raise funds.
In order to destroy the evidence, the suspect put more than 1,200 volumes of evidence materials into more than 80 woven bags and buried them 6 meters deep underground.
The task force dispatched two excavators and it took more than 20 hours to dig out."
Song Caiwei handed the phone to Zhang Yida and narrated at the side.
Song Caiwei flipped through her phone again and found another news article. After reading it, she said:
"Mr. Zhang, how do you know about the harem group? This news article said that someone confessed that the boss Zhuzhubao had an affair with several female executives.
He also lived a luxurious life and gave away belongings to several female executives, including cash, real estate, vehicles, and luxury goods, worth more than one billion yuan.
130 million Singapore villa, 12 million pink diamonds..."
"I have my Jin Yiwei! They specialize in helping me gather information. Zhuzhubao is bigger than Yimin Internet Finance, so of course I have collected some information about them!"
Zhang Yida used a pretense and quickly made up his mind.
Song Caiwei said "Oh" and guessed that Mr. Zhang's royal guards must be the business intelligence department.
That group of people is indeed very powerful and can collect all kinds of business information.
"Hey, it's so corrupt. One billion yuan is paid out in one month's salary. Will the stolen money be refunded?"
Song Caiwei sat there and continued to read the news about Zhuzhubao, and asked Zhang Yida for advice from time to time.
"It must be refunded! These are all illegal gains and must be returned to the people."
Zhang Yida replied.
"Didi", the ringtone of Zhang Yida's cell phone suddenly rang.
"Okay, I'll be right over!"
Zhang Yida answered the phone, his expression changed instantly after a few seconds, he hurriedly replied on the phone, hung up the phone and prepared to go out.
"Mr. Zhang, what's wrong?" Song Caiwei saw that Zhang Yida's face was not very good, so she expressed concern.
"I have a little trouble with Yimin Internet Finance. I want to go there." Zhang Yida replied.
"Then let me go with you!" Song Caiwei looked at Zhang Yida expectantly.
"Okay! I'll let you learn a lot!"
…
Zhang Yida arrived at Yimin Internet Finance Company, and Fan Hongyang said solemnly:
"Affected by the Zhuzhubao incident, our Yimin.com gold price plunged 19.8% before the market opened, with the stock price falling directly from US$27.8 to US$22.57.
The issue price of US$25 fell below, and US$1.2 billion in market value was directly evaporated!”
"Don't pay too much attention to the stock price. It's just that the market is affected by panic and will soon return to normal stock price levels."
Zhang Yida knows that domestic P2P companies have not been able to obtain financial licenses. This is indeed like a bomb that may explode at any time in a country where financial services require a license to operate.
The outbreak of the Zhuzhubao incident may have a significant impact on the country's perception and regulatory attitude towards P2P.
Wall Street has always had a keen sense of smell. The degree of administrative intervention of the Chinese government in each industry is often included in their important judgment criteria for the future trend of Chinese concept stocks.
With so many considerations in mind, it is only natural that Yimin Wangjin’s share price falls.
"How is the Yimin bank project in Indonesia going? Release some news and see if it can boost some stock prices."
Yimin bank is a P2P company jointly established by Yimin Wangjin and Indonesian e-commerce platform pak. The asset side focuses on e-commerce shopping installments.
Yimin Wangjin holds 85% of the shares, and pak holds 15% of the shares.
According to Indonesia's policy requirements, foreign investors must bring their own country's companies to establish Internet financial companies locally, and foreign capital can hold up to 85% of the shares.
So the shares were arranged like this. Fan Hongyang has always been in charge of the joint venture, and Zhang Yida has not had much interference.
Now that the domestic P2P business has been impacted by the Zhuzhubao incident, Zhang Yida wants Yimin Bank to show its presence and boost market confidence.
"Is this possible?" Fan Hongyang looked confused. He felt that this trick wouldn't be very effective! But since Zhang Yida told him, he would just do it.
What news should I send out?
He thought for a while and said: "Some time ago, the number of registered users of Yimin bank exceeded 1 million, and loans exceeded 60 billion rupees. How about releasing this operating data?"
"60 billion? That's so much?" Song Caiwei, standing next to Zhang Yida, exclaimed.
"That's rupees, worthless. If the RMB exchange rate remains at 2,000 for a long time, 160 million rupees will be converted into RMB 30 million yuan."
Fan Hongyang didn't know how many times he had to explain the rupee exchange rate to people around him.
When everyone hears the figure of 60 billion, they often ignore the currency unit, and everyone thinks that Yimin Internet Finance is cheating in Indonesia.
"Oh, I heard the wrong currency unit. I thought it was RMB."
Song Caiwei was a little embarrassed. She swore that she had definitely heard the wrong currency unit just now.
"Hey! Read more books, you, the assistant, are dragging me down a bit!"
Zhang Yida looked at Song Caiwei, whose face turned red, and joked.
"With a loan amount of 30 million yuan, what is the average loan amount?" Zhang Yida turned back and asked Fan Hongyang.
"The average loan amount is about 300 yuan, and the total loan amount is about 100,000." Fan Hongyang replied.
"Um, can anyone lend me 300 yuan?" Song Caiwei interrupted.
Fan Hongyang looked at the girl who said "Why not eat minced meat" and explained with a smile: "The average salary in Indonesia is only 1,100 yuan.
The income of low-income groups is only six to seven hundred yuan, and their population base and proportion of the population are also quite large.
300 yuan is almost equivalent to half a month’s salary for them!
Therefore, once our products were launched online, they were widely welcomed and sought after by local users.
If we hadn't deliberately slowed down our growth rate in order to observe overdue rates and analyze risk control models, our business volume might have increased several times."
"Are they all released blindly?" Zhang Yida asked.
“Yes, due to the lack of basic credit data in the local area, risk control has basically become a decoration, and there are very few data with reference value.
But fortunately, what we do is shopping installment, and the users are all pak users.
E-commerce users are generally younger and have relatively strong ability to repay debts.
In addition, we only select pak’s active trading users and high-end users for credit.”
Fan Hongyang explained the situation one by one to Zhang Yida, who nodded repeatedly and said: "You have to be careful. I am here to make money, not to do charity for Indonesian monkeys. Don't let others take advantage of me."
"Mr. Zhang, don't worry. I won't fight an uncertain battle."
"Okay, please publish the general operating data of Yimin Bank! Let the market decide whether the stock price rises or not!"
Zhang Yida added: "By the way, you said there may be a run on people. What is this situation?"