Winning the new financial era

Chapter 454 Second Visit to Standard Chartered
After the release of UnionPay, Zhang Yida immediately convened a meeting of Ruixiang executives.

After Lin Zhenyang became a father, he matured a lot.

He was the first to say: "This is to pick the fruits of victory. When the market is mature, they will come."

Zhang Yida laughed, "Then do you think they have a chance?"

"We can't underestimate them. Their relationship with major banks is beyond our comparison."

Lin Zhenyang's face was heavy, and he continued: "We have tested their products, and their advantages compared with ours are mainly reflected in several aspects such as security, near-field payment, and higher payment amount."

Zhang Yida nodded, motioning for him to continue.

"Since China UnionPay entered the market in 02, it has achieved fruitful results. Most merchants support the use of China UnionPay POS machines to swipe cards in transactions.

At present, there are more than 700 million POS machines supporting "Union QuickPass" in my country, and the number of merchants supporting "Union QuickPass" POS machines worldwide has exceeded [-] million.

As a sub-product of UnionPay, "UnionPay" is led by UnionPay's advantages in the market, which will greatly reduce its resistance to entering the market. "

"That's right," Zhang Yida nodded, "After getting through the POS machine, he directly won millions of merchants."

Lin Zhenyang added: "Although they have certain basic advantages, whether these advantages can be transformed into results remains to be tested."

Zhang Yida smiled and asked, "What do you think?"

"The first is the entry time. UnionPay Commerce currently has less than 1% of the mobile payment market;

The second is the lack of scenario-based payment. Currently, the online scenarios that can be preempted are almost as good as Alipay and WeChat Pay;

The third is that users are used to it, and habits are difficult to change.

If UnionPay's products still dazzle users as before, the prospects are not optimistic. "

After listening to Lin Zhenyang's analysis, Zhang Yida also felt that what the other party said was good.

Although UnionPay burned several billion in its previous life, and its user scale reached more than two billion, its activity was very poor.

There are many reasons, the most important of which is related to ecology.

Pay by relying on Ali e-commerce, WeChat payment bundled with social.

Mobao Pay is now also bound to several e-commerce websites such as Pinduoduo and Xiaohongshu, but the volume is still not comparable to Ahri.

Unless Pinduoduo crushes Taobao one day, it is basically impossible for Mobao Pay to catch up with Alipay.

Zhang Yida didn't think so much anymore, it would be nice to be able to compete with Alipay and WeChat Pay.

After making corresponding arrangements, Zhang Yida turned his attention to the "Notice on Regulating and Rectifying the "Cash Loan" Business" jointly issued by the regulatory authorities a few days ago.

The content of the notice is not much, the most important thing is to ask the lending platform to keep the red line of 36% annualized interest rate.

In addition, there is another article: No organization or individual may operate a lending business without obtaining the qualifications for operating a lending business in accordance with the law.

This article is not a problem for Ruixiang and several other companies under him, because they all have corresponding financial licenses.

But for some anti-aircraft artillery platforms, that would be fatal.

Many people blame Lu Min for the new regulations introduced by the regulatory authorities.

Lending has become a listed company with a market value of tens of billions of dollars, and venture capitalists are showing off in various ways.

If you are so high-profile, who will you mess with?
It is simply a company that has dragged down the entire industry.

Naturally, Lu Min was in distress. He felt that he had also been tricked by reporters and investors, so it had nothing to do with him.

In addition, following the notice issued by the regulatory authorities, several mutual gold companies listed on the US stock market also ushered in a round of sharp decline.

Yimin Wangjin, Yimindai, and Zhang Yida's two companies suffered the worst declines. The market value of one fell to 68.5 billion US dollars, and the market value of the other fell to 37.2 billion US dollars, both approaching the issue price.

Because Yimin Wealth is a third-party wealth management company, its performance is slightly better, with a market value of 28.7 billion US dollars, and the stock price trend is relatively stable.

However, since the beginning of the year, Zhang Yida has been arranging the family office to help him reduce his holdings.

Yimin Wangjin reduced its holdings the most, with a total of more than 3 million U.S. dollars; Yimin Loan and Yimin Wealth reduced their holdings slightly, and both exceeded 1 million U.S. dollars.

However, as the stock price plummeted, Zhang Yida's reduction of holdings stopped.

It has to be raised, and the stock price will avalanche if the holdings are reduced.

……

"Yida, Standard Chartered Bank has let go, they are willing to sell the shares of Baoshi Bank."

When Zhang Yida received Huang Hongnian's call, he was also taken aback. Why did the British guy suddenly change his sex?

"It's been more than a year, how did they figure it out?"

Huang Hongnian laughed, "I've done too many bad things!"

Zhang Yida obviously didn't believe this, and there must be some unknown secrets.

"What price does Standard Chartered offer?" Zhang Yida asked, if it was too high, he would definitely not be slaughtered.

Huang Hongnian said with a smile: "Jewel Bank broke out a large amount of bad debts, and Standard Chartered Bank was in a hurry to sell its shares.

Contact buyers everywhere now!In addition to you, there are Indonesia's Guoxin Bank and Thailand's Pangu Bank, both of which are on their list of intended buyers. "

Zhang Yida frowned, bad debt?How big is the hole?Is it insolvent?Shouldn't it?
"Okay, see you in Hong Kong then!"

Zhang Yida didn't ask too much, he believed that Huang Hongnian would not be so disrespectful.Since he contacted himself, it must mean that Gem Bank still has some value.

For Gem Bank, he has never given up.If the price is reasonable, it must be taken as a bridgehead.

……

After arriving in Hong Kong, Zhang Yidahui and Huang Hongnian came to Standard Chartered Bank for the second time.

It was Bill Winster, President of Standard Chartered Bank Indonesia, who received them.

The sly Brit was all smiles, and seemed to have no memory of last year's unhappiness.

After asking his secretary to serve two cups of hot tea, he looked at Zhang Yida and said slowly, "Mr. Zhang, you are the most successful entrepreneur among the younger generation in China.

If you get another bank that can be inherited, becoming a banker will undoubtedly enrich your asset allocation.

Don't you Chinese like banks the most?Gem Bank is a very high quality asset..."

The British bragged about all the good things about Gem Bank, which made Zhang Yida almost yawn.

The old boy didn't have this attitude last time, as if he wanted to buy it or not.

Zhang Yida shrugged his shoulders and said indifferently: "Actually, we Chinese are most interested in Chinese banks, because they are the embodiment of national credit.

This foreign bank will go bankrupt if it says it goes bankrupt, and it is not considered a high-quality asset.

Didn't Jewel Bank run into a little trouble?Running a bank does not necessarily mean it is stable.

Mr. Winster, do you think this is the truth? "

Winston smiled, but didn't answer.

He looked at Huang Hongnian and guessed that Zhang Yida must have gotten the news from him.

However, there is a process of asset due diligence, and there are many inside stories that he can't hide.

The headquarters has already ordered him to get rid of this inferior asset in the shortest possible time.

And Zhang Yida is currently the one with the strongest financial resources among all the potential buyers.

(End of this chapter)