"Mr. Zhang, do you really want to issue this announcement?"
Although he had long accepted the fact that P2P was on the decline, Fan Hongyang was still a little reluctant to give up when he was sentenced to death.
He can be said to be a witness to this period of financial history, from its infancy, to its outbreak, to the thunderstorm...
Most of the colleagues I met through participating in various financial forums in the past have attended.
If it weren't for Zhang Yida, the God of Wealth, he might even have entered.
“Only by cutting off the past can we welcome a new beginning.”
Fang Yuhan is much more decisive. The development focus of Ruixin Group is no longer P2P and loans. There is a blue ocean of corporate credit waiting for them to conquer.
Moreover, after so many years of engaging in P2P, no benefits have been lost, and all the benefits have been given to companies such as Huimin Travel, Yimin Online Finance, and Yimin Loan.
"How will the staff be arranged?"
Ding Siyao is more concerned about this. Yimin Wangjin and Ruixin Group have a large number of employees who are responsible for P2P and financial side businesses.
Now that the business has stopped, the disposal of thousands of employees is a problem.
"Transfer!"
Zhang Yida said calmly, "The HR of Ruixiang and Pate Holdings will come to select people. In addition, doesn't Yimin Wangjin also have loan assistance business? All of them will be transferred to the asset side."
"They are all working on the capital side. Can they adapt to switching to the asset side?"
Fan Hongyang frowned, "Besides, our loan assistance business has enough staff, so we can't fill many positions."
"Then go to Ruixiang. There are many vacancies in Ruixiang."
Zhang Yida feels that he has done his best and the decline of the industry is the general trend.
Not only their employees, but also their boss is also in disbelief.
There is no way to choose a new industry and start over.
Society is like this, and if they can't adapt to it, even gods can't save them.
After a few words about the arrangements for the employees, Zhang Yida then talked about buying out the debt.
"Yimin Financial Management, a subsidiary of Yimin Wangjin, and Ruimin Financial Management, a subsidiary of Ruixin Group, the two P2P companies currently have a combined total of 85 billion to be collected.
Yanhuang Investment invested and purchased all these credit assets in one go.
Before July 30, all principal and interest shall be paid to each investor in one lump sum.
We are completely withdrawing from the P2P business!"
Zhang Yida’s words are sonorous and powerful, and his confidence comes from the equity he holds in Ruixiang.
in the country, no P2P boss is richer than him.
Although the P2P industry has been messed up by a bunch of rubbish and has been completely stigmatized.
But he could straighten his back and said: What he does is a formal P2P, and no investor has suffered any harm.
"Mr. Zhang, if you personally buy out these debts, I'm worried that some borrowers will know about it and deliberately refuse to repay the money?"
Fan Hongyang contacted the recent large-scale debt evasion situation and said worriedly.
"That's right, they thought you were so rich, Mr. Zhang, so they just treated it as a way to allocate land to local tyrants."
Fang Yuhan felt that what Fan Hongyang said was very reasonable. Never overestimate the lower limit of a person's morality.
“Although I have collected the debt, Yimin Wangjin’s branches in various cities still have to be responsible for collecting overdue and bad debts.
Yanhuang Investment can use part of the funds as compensation for employees."
Fan Hongyang shook his head, "This matter is not that easy to handle. I have just reported it to you before. Now these borrowers are in a group, and some are deliberately delaying repayment.
Not to mention the use of violence during the recovery process, even a few curse words will result in a complaint.
Regulators have gone too far."
Zhang Yida nodded, "You don't have to worry about this, Dou Vision, Kuaishou has already restricted the flow of accounts involved in the gray industry chain.
They have done this to me, so naturally I have to show them some color."
Regarding the anti-recovery account that several of them mentioned before, Zhang Yida specifically called DouShi, and the Kuaishou staff paid attention.
I found out that this bad phenomenon really exists!
If the plot is not so bad, it just talks about some basic knowledge about credit cards, and only the account is limited.
If any traffic is diverted to WeChat for profit, the account will be banned directly.
"I have an idea." Ding Siyao suddenly said.
"What do you think?" Zhang Yida asked.
“Look, our loans have long and short terms, the long ones are three years, and the short ones are three months or six months.
Although the interest rate is still within the red line, it is not low.
I don’t think it’s better to do this. For early repayments, we will reduce or reduce the interest to a certain extent, or even eliminate the interest entirely.
In this case, a large amount of borrowing principal can be returned.
Yanhuang Investment will use these funds to invest in some other projects, and the returns may be even higher.
In addition, the consumer finance market is now booming and there are too many people in debt.
By getting the money back one day earlier, we can also minimize risks and losses."
Fan Hongyang asked, "These loans are all issued through Yimin Online Finance. If we only exempt P2P fund borrowers from interest, what will the current customers who borrow money through banks and trust funds think?"
Will we also require our platform to waive interest?
They don't know how to distinguish the relationship between P2P, Yanhuang Investment, and Yimin Internet Finance.
They will definitely put the blame on us and affect the new loans currently issued by our platform."
Zhang Yida nodded, it was indeed possible.
Some people are just messing around. You gave interest reductions and exemptions to previous borrowers, why don't you give them to us?
If there is no reduction or exemption, then I will not pay back the money.
“Now that Yimin Internet Finance is connected to institutional funds, do you need to go to the central bank for credit reporting?
If they don’t pay back the money, aren’t they afraid that their children will not be able to read in the future?”
Ding Siyao smiled and said, "I think you are worrying too much. These people are in the market and know how to seek advantages and avoid disadvantages."
Zhang Yida lowered his head and thought, he didn't really use the 85 billion for charity.
Interest does not have to be earned, but the principal must be recovered. This is the minimum requirement.
The most ideal thing is to make a fortune, at least to cover the interest of 85 billion.
Of this, RMB 70 billion was borrowed from the four major banks by pledging Ruixiang's equity.
Another 15 billion yuan, 5 billion yuan is its own funds, and another 10 billion yuan was transferred into the country from Yanhuang Investment Hong Kong Company. These funds are also loans.
This is equivalent to a loan of RMB 80 billion, with an annual interest rate of RMB 3.2 billion.
"I will make an announcement first and announce my complete withdrawal from P2P."
Zhang Yida quickly made a decision and said: "There is no rush on the interest reduction and exemption. Let's wait and see what happens next.
There is also the issue of combating debt evasion, which is not just a problem for us, but also needs to be faced by all financial institutions, including banks.
We have reached cooperation with a number of new financial institutions, including Leech Financial Services, Goudong Digital, etc., as well as some commercial banks, credit card departments, and the police.
The malicious evasion of debt has seriously disrupted the social financial order.
According to the relevant laws of our country, borrowers who fail to repay overdue payments will not only face civil legal liability, but in serious cases will be held criminally liable.
The maximum sentence is not less than three years but not more than seven years in prison and a fine.
In the near future, a joint special operation will be launched to combat the arrogance of these old scoundrels."
"Is this true?"
Fan Hongyang said happily, "That's great, we should have taken care of it a long time ago. Otherwise we wouldn't be able to survive."
Zhang Yida rubbed his eyebrows, there were too many reasons for this.
The most important thing, according to his understanding, is that major banks have relaxed risk control on credit cards in recent years, issued cards crazily, raised credit limits, and then the bad debt rate has soared.
This time, the old gangsters are causing trouble with Tai Sui, so they will naturally face a thunderous blow.
These new financial platforms are just taking advantage of it.