In a villa, Liang Weimin was persuading his father Liang Yuanping.
Liang Yuanping waved his hand, "I can't leave anymore. I've been controlled by the border and can't leave the border."
"How much money is left? I still have several hundred million here."
Liang Yuanping was quite pleased. Although he knew that his son's money came from a shady source, at least he knew how to support himself compared to before.
"The hole is bigger than you think. Stop doing this useless work."
Liang Yuanping's own family knew about his family affairs, ever since he took over the management of Tian Tian Earning from his son.
Eager to make his listed company Huasi Chuangxing bigger, he completely regarded Tiantian Earning as a cash machine.
If you need mergers and acquisitions, get some money from Tiantianzheng;
If you need to pull the market, you should still make money from Tiantian Earning;
…
I thought that if the development of Huasi Chuangxing reached a higher level, I would be able to go back and fill the hole in my daily profits.
But who would have thought that the merger and acquisition was not going well, the stock market plummeted again this year, and all the investments were in vain.
Not to mention that the stocks in my hands were liquidated, my profits were getting bigger and bigger every day.
Now, we have caught up with another thunderstorm, and Tiantianzhuan has collapsed.
Now the whole country knows that Tiantian is making money, and investors from all over the country are going to Beijing to collect debts.
Tiantianzhuan has no new funds coming in, and the market value of his remaining Huasi Chuangxing stock cannot fully cover the platform's pending receipts.
Even if we add the several hundred million from our son, there is still a hole of 20 to 3 billion.
He decided that he should go to jail!
As for my son, I still have several hundred million in my hand, so if I give them to him, he should be able to live a life of food and clothing.
Liang Weimin stopped trying to persuade him. He walked to the door and turned back, "Hold on for three years and wait for me to come back!"
"What are you doing? Don't do anything stupid?"
No matter how Liang Yuanping shouted, Liang Weimin didn't look back.
…
He Shenghua looked at the two news reports that "Huaxin Investment" and "Tian Tian Yi Earning" were filed. He was not secretly happy, but was just scared for a while.
He once owned a P2P platform, Jingrui Wealth, which is now Ruimin Financial Management.
If it had not been acquired by Zhang Yida at that time and had continued to run the business, I am afraid that I would not have been able to escape this disaster.
His old rival Xu Zhiyun, the CEO of Huaxin Investment, has now been subject to criminal coercive measures by the public security organs for illegally absorbing public deposits.
As for how long the sentence will be, it probably depends on the extent of the stolen property!
I heard from former friends in the industry that Xu Zhiyun had already sent his wife and daughter to the United States, and his property had been completely transferred.
For ordinary people, it is difficult and difficult to get back all the principal from these registration platforms.
The Zhuzhubao platform, which was filed two years ago, has yet to return the stolen goods.
…
After entering July, thunderstorms not only did not stop, but intensified.
Zhang Yida made an appointment with the four major banks, China Agricultural and Construction Bank, and four foreign banks, Goldman Sachs, Morgan Stanley, Bank of America Merrill Lynch, and Credit Suisse, to discuss an equity pledge.
"10% of Ruixiang Group's equity, pledged for a US$20 billion loan?"
Robert from Goldman Sachs shook his head repeatedly, "Mr. Zhang, not to mention that Ruixiang has not yet been listed. Even if Ruixiang is listed, it is impossible to give such a high pledge ratio."
Evans from Morgan Stanley asked in confusion: "With all due respect, Mr. Zhang, why do you have such a large demand for loans?
We must be sure about the purpose of the loan, after all, it is such a large amount."
Zhang Yida explained: "Recently, there has been such a big negative news about the industry in China's Internet finance. You must have heard about it, right?"
Robert nodded, "Yes, I heard that. I sympathize very much with the Chinese people."
Representatives of the four major banks said, "This is not the first time something has happened to unlicensed finance, and it will definitely not be the last time.
If you want to gain high returns, you must be prepared to take risks.”
Although this is a cold statement, it does hold true.
Why P2P can cause such a big impact, Zhang Yida thinks it is also related to the long-term lack of financial management channels in China.
A 10% return is high, but think about the annual inflation rate and how fast house prices are rising.
I would like to thank the rising speed of housing prices here. Without this financial management channel, I am afraid that more funds will flow into P2P.
Zhang Yida heard that the trigger for this thunderstorm was the opening of a real estate project in Lin'an.
Then a large number of ordinary people withdrew funds from the current financial management platform, which directly caused a run and led to the collapse of the platform.
After all, it’s not a bank, so engaging in current financial management is a slow suicide.
Yimin Wangjin briefly launched current financial management in 2013 or 2014, and it was quickly replaced by Zhang Yida with currency funds.
"I want to set up an asset management company "Yanhuang Investment", so I need a loan."
Robert frowned, "Asset management, what assets are managed?"
"Credit assets!"
Evans was surprised, "You don't want to use Yanhuang Investment to take over the credit assets in the hands of those users, do you?"
"Yes, that's what I thought!"
Robert held his chin and began to think deeply. After a while, he smiled and said, "I understand!"
He gave a thumbs up and said, "Mr. Zhang, you are like this! Tall, really tall!"
Others were confused, why didn’t I understand? Where is Gao?
Robert glanced at the others and found that no one was as smart as him, and he felt a little proud.
He did not explain too much to avoid making Zhang Yida unhappy.
Representatives from the four major banks understood some national conditions and policy trends, so they asked Zhang Yida: "Mr. Zhang, are you planning to liquidate P2P assets in one fell swoop and withdraw from the industry?"
Zhang Yida smiled, "No, it just provides investors with an opportunity to exit.
After all, our two platforms have more than 100 billion to collect, and if they are all allowed to be transferred, the current situation may form a barrier lake."
Representatives from the four major banks did not believe what Zhang Yida said. They had already loaned US$20 billion, and they said they did not intend to cover all of it.
"If the purpose of the funds is to flow to these credit assets, Goldman Sachs can lend."
Robert smiled and said, "But there is a condition. You must add additional collateral or pledge more equity."
Zhang Yida asked: "How much pledge is required?"
"20%, this condition is really not harsh, it can even be said to be loose. Nearly 50% of the pledged amount is enough."
Robert smiled brightly, "In addition, the loan interest rate, term, and even the repayment method can be discussed, and Goldman Sachs will give you the most favorable plan."
Seeing that Goldman Sachs started to grab business, several other banks also spoke out and promoted their own banks.
Zhang Yida is not in a hurry to decide which bank to choose. With such a large order, one bank will definitely not be able to handle it.
In order to spread risks, banks will also form syndicates to provide loans.