Winning the new financial era

Chapter 519 Stabilizing the situation

Zhang Yida made it clear that he wanted the eight banks to bid against each other, but no one who could sit here was a fool. After making concessions to the 4% annualized interest rate, he refused to give in to death.

Because if the interest rate is lowered, there will be no oil and water.

Zhang Yida saw that the time was almost up, and said, "Okay, 4% is 4%. But I have a request for the currency of this loan."

"Oh, please tell me, Mr. Zhang?" Robert raised his hand.

"Half RMB, half US dollars."

Robert and the representatives of the other three major foreign banks looked at each other, nodded and said, "Yes, the US dollar part will be borne by the four of us."

"We will bear the renminbi part." Representatives of the four major banks are not procrastinating.

Zhang Yida smiled, "I'm not in a hurry to get this loan right now, you can give me a line of credit first."

Robert was not very surprised. The credit granting model is normal. After all, such a large sum of money, a total of 200 billion US dollars, is withdrawn. Where is the investment going?

The interest rate may not seem high, but it is $8 million in interest a year.

Choose the credit model, and when investment opportunities arise, immediately use the bank credit line and invest in a small amount, which is in line with the maximization of benefits.

"What's the approximate withdrawal time?" Robert asked again, he was also very concerned about when Zhang Yida would use the money.

If it is left unused all the time, it will not generate income for the bank, and he will not be able to get performance personally.

"Probably in the next six months to a year!"

Robert nodded, the time is not long, it is acceptable.

……

After reaching a preliminary agreement with the eight major banks, Zhang Yida asked the staff of the Xinhuo family office to register a company in Hong Kong - "Yanhuang Investment (Hong Kong)".

And this company is 100% owned by Yanhuang Investment (Cayman Islands).Behind the Cayman company is the Zhang Yida Family Trust.

Yanhuang Investment Hong Kong has also registered a subsidiary in Beijing as the operating entity for its mainland business.

After setting up all the structures, Zhang Yida transferred 20% of his shares to Yanhuang Investment.

In this way, the stake in Ruixiang in his hand was divided into two, and the other 26.53% was in the hands of another Cayman company he controlled, Yizhou Overseas.

Zhang Yida asked Lei Dongming, a partner of Huayi Capital, and Ding Siyao to recommend some people to set up Yanhuang Investment.

In Zhang Yida's conception, Yanhuang Investment (Hong Kong) holds USD funds and invests in the international market;
Yanhuang Investment (Jingcheng) holds RMB funds to invest in the mainland market.

The reason for this arrangement is also taking into account various reasons such as foreign exchange control and tax planning.

Yanhuang Investment can be regarded as his personal independent family office.

The Xinhuo family office has been in operation for two or three years. After figuring out the basic operating model, he doesn't want to continue partnering with others anymore, so he just set up one by himself.

As for the equity interests in the three listed companies of the Yimin family, Zhang Yida still manages them in the Xinhuo family office. In addition to standing up for his own company, he also has a cunning mind.

After Yanhuang Investment was established, it did not have any major business. It took over two businesses of P2P credit assets and Bayer animal health acquisition negotiation, which were followed up by two companies in the mainland and Hong Kong respectively.

On the P2P side, Fan Hongyang and Fang Yuhan, as the heads of two large platforms, both participated in the secret symposium organized by the Finance Office.

The content of the meeting is very simple. First, you must implement border control on all your P2P bosses, and you must not leave the country without authorization.

Second, it is necessary to carry out three reductions in P2P business, that is, reduce the balance, reduce the number of people, and reduce the storefront.

……

Fan Hongyang, who came back from the meeting, gave up completely. The leaders didn't talk too much harshly, and it was inevitable to retire.

As soon as the "three drops" come out, it will directly push the platform that has not yet collapsed to a dead end.

Especially some companies that are not yet profitable!

This will greatly affect the revenue of each platform because regulators require downsizing.

Those that have already made substantial profits will see their profits decline, or even lose money; those that have already achieved a balanced revenue may be heading for a loss.

As for those who are still losing money, it is basically a dead end.

Because under the current environment, investment institutions will definitely not invest in this industry.

As for those that are very large and did not fall in this thunderstorm, after the water is drained, you will know who is swimming naked.

However, all of this has little to do with him and Fang Yuhan.

Both of them know the news about the establishment of Yanhuang Investment, and they also know what this investment institution is for.

Zhang Yida pointed out the way forward for the two of them, which is to get rid of P2P and start a "second entrepreneurship".

That's right, it's a second venture.

Zhang Yida didn't have time to appease them, so he just let go and ran the company with the mentality of starting a new business.

The past glory only represents the past, now we must forget all this and start all over again.

The two returned to their respective companies and arranged for the launch of the latest "Debt Assignment" function!
As soon as this function came out, investors who had already been jittery rushed to transfer their creditor's rights.

Because they are already frightened now, and they are afraid that they will not get their money back.

According to the latest transfer rules, the principal can be taken back, but the interest during this period will be gone.

It's not that Zhang Yida is greedy for this small profit, but mainly because he hopes that other investors will bear part of the pressure.

Not to mention, there are quite a few investors who come to buy the bottom.

In fashionable terms, they are greedy when others are fearful.

Out of trust in Yimin Financial Management, Ruimin Financial Management, and Zhang Yida's reputation.

Some investors took out a lot of money and began to take over a large number of claims transferred from other investors.

The most sought-after ones are the one-year, two-year, and three-year bids. Some investors have invested for 10 or 20 months.

It's due in two or three months, but they don't want to suffer any more, so they have to jump off the train.

Even if you lose some interest, as long as the principal is still there, that is the greatest victory.

The happiest group of investors is the bottom-hunting investors, who have achieved high returns at a small price.

For example, 10 yuan is used to buy debt worth 10.7 yuan and 10.8 yuan with interest.

After two or three months, the debt will completely expire, and you can get another two to three thousand yuan in interest.

It is equivalent to investing 10 yuan and earning 1 yuan in two or three months.

However, the people who jumped out of the car were a minority after all, and many people were also frightened by various thunderstorms from the outside world.

After a period of confusion, the wave of transfers slowly subsided.

It seems that Yimin Wealth Management and Ruimin Wealth Management will not collapse for a while, and they cannot be transferred at a loss.This is the thinking of some investors who have calmed down.

Yanhuang Investment, and the funds of the parent group of the two P2P companies have not been used.

Zhang Yida chose to let the market digest it naturally, and let a group of investors with low risk appetite get out of the car first, so as to avoid sudden disturbances in the future.

Because this group of people is the easiest to shake and cannot withstand instigation.

In addition, considering that the thunderstorm has caused a lot of financial pressure on some investors, some need to repay their mortgages and credit cards, so give them a chance to get off the car early.

The two platforms have not yet officially announced their withdrawal. In addition to opening up the transfer function, they are still continuing to issue bids.

It's just that the standard has been reduced a lot, and interest rates have been cut sharply.

The scale of lending that has been formed by several Yimin companies cannot be reduced for a while.

Because once it shrinks, the huge team on the asset side will appear extravagant and wasteful, unless layoffs are carried out.

Zhang Yida asked his companies to maintain their lending scale and not to continue to expand, because rash expansion would put a lot of pressure on the capital side.

While looking for banks to discuss cooperation, continue to let the P2P platform issue bids.

It is not suitable to announce the withdrawal completely at present, and ordinary users cannot bear the fright.

Zhang Yida is also waiting for the right opportunity. When most of the loan funds are replaced by bank funds, the time is basically ripe.

At that time, let Yanhuang Investment buy out the investors' creditor's rights in one go.

The bomb was successfully dismantled and landed safely!Perfect!

Ordinary users complain that Yimin Wealth Management and Ruimin Wealth Management have cut interest rates again, and bids are becoming more and more difficult to grab.

There are also users who regret that the creditor's rights were transferred early. If they knew that the platform was fine, they... would not transfer.

In short, through a whole set of tricks, the two platforms quickly stabilized and have a clear path for future development.

(End of this chapter)