"There seems to be a lot of discussion at the scene. Some bosses may think that our new products will have an impact on their business, but what I want to say is that our country's financial market is so big that not one company can capture it. Besides, we focus on low-end users and the loan amount is very small, so you don’t have to worry about any big competition..." Feng Yun tried to appease the bosses.
You must know that he is currently being targeted by many people. If he pushes others to the edge, he will probably be surrounded and suppressed. No matter how powerful Aba Aba is, he will not be able to withstand the attacks of so many people.
"Fart, stop fooling us. If you play small now, you will definitely play big in the future."
"Do you think we are idiots who don't understand?"
< br>However, his words had no effect. Instead, they angered the bosses.
What he said just now was like playing monkey tricks. These bosses felt that they had been insulted and despised, and their mouths became even more unclean.
"Okay, I've finished my words. Please invite the next person." Upon seeing this, Feng Yun immediately chose to retreat. If he said a few more words, the consequences would be disastrous.
The effect he wanted today has been achieved, which is to promote his new product.
"Okay, let's go up and say a few words." Feng Jialun poked Chen Xi with his arm.
"Huh? Just say a few words. I wanted to say a few more words." Chen Xi looked at him with a wicked smile.
"Then say a few more words." Feng Jialun was left speechless and could only smile and shake his head.
Zhao Lingshan made a cheering gesture, but Wang Qiansui looked confused. He didn't know what Chen Xi was going to do. Only Rogers looked at Chen Xi with a smile.
"Ahem, leaders and bosses, I would like to say a few words on behalf of Huakai Capital."
"Oh, finally a young person spoke at the financial conference."
“Every time we old guys talk, we always feel like something is missing.”
"This phenomenon is very good. They all say that reform is needed. This is the new atmosphere."
The people in the audience have a good impression of Chen Xi, and more importantly, they have a good relationship with Huakai Capital and Feng Jialun good.
“The theme of today’s conference is financial reform. I have just listened in the audience for so long and I have a few thoughts. I will talk about my thoughts now. If I am wrong, please forgive me. ." Chen Xi looked at everyone's expressions and they looked normal.
Feng Yunze leaned on the chair with his arms folded, staring intently at Chen Xi above.
He didn’t expect that this young man would actually dare to go up and speak, so he just got a few words of provocation from him...
Young people will be young people after all!
"Mr. Feng, what did you just ask him to say?" Linxi asked curiously.
"Isn't that what I'm saying? Just listen. Why, do you want to go up and show yourself?"
"That's not true. With so many people here, what if? It would be bad if you say the wrong thing. Why don't you say it? I don't have as good an eloquence as Mr. Feng." Linxi smiled awkwardly.
There are many people present who have the same idea as him. In this kind of conference, it is easy to be in the limelight, but if the words are not spoken well, it will be a disaster.
"A boss just talked about the issue of credit reporting. Indeed, this is a major reform that can allow debtors to pay back their money and reduce the number of bad debts. However, this system was introduced from the West, and we do not have corresponding laws. To maintain it, then what we introduced is an empty shell, and the rest are the rules we have changed and made ourselves. I am an overseas student. In the West, if someone borrows money from a bank to do business, it is considered a business failure. , unable to repay the loan, he can also file for personal bankruptcy to eliminate the debt. However, in our credit setting, there is no option to apply for personal bankruptcy. Banks provide loans to others, which is a disguised form of investment, and investment means both losses and profits. But if the bankruptcy application is cancelled, the bank will become an investment. There will be no loss, even if the debt People who want to stand up again will be overwhelmed by this system. Just imagine, if you choose to start over, but the money will be withdrawn as soon as it reaches the bank card, then even survival will become difficult. Now, why talk about turning around? In a country with a well-established system, no bank can be 100% profitable. If this kind of thing is introduced, the bank will become a giant. With so many people in the country, the interest generated every day to repay debts can make the bank sit. Stabilize the throne of the world's top 500 companies... This is unhealthy for the entire financial industry, no, all industries... The most important thing is that if this immature credit reporting system is implemented, it will become a phenomenon in the future. -National lending! When those so-called technology companies see this industry making money, they will Using the user resources in his hands to lend money openly, and not afraid that others will not pay back the money..."
"Fart, it's just a fart"
"What is Feng Jialun doing? It's him. Did you ask this kid to go up and say it?"< br>
"It must have been his instruction. How could such a young man think of these things."
The bank executives looked at Chen Xi on the stage and gritted their teeth with hatred. , this undoubtedly touched their big cake.
If Feng Yun's words just now meant critical damage, then Chen Xi's knife simply cut into their arteries.
"Haha, this kid really dares to say that he is more courageous than Feng Yun, but I like it."
"I just like to see people in banks being embarrassed."
< br>"This group of moths who stay in the bank will change their tricks every day to exploit others. If they do it like this, Banking will become one of the most profitable industries in the country. What other industries are useless? I have never heard of a business that will not lose money."
"That's right. Damn it, these bank scumbags, the financing thing makes me very unhappy..."
Almost all the bosses present chose to support Chen Xi.
But some have different views, that is, the credit reporting system will bring benefits to them.
If large online loan companies are also connected to the credit reporting system, they will not be afraid that borrowers will not repay their money. They will definitely support this good thing.
This naturally includes insurance companies, because they also have lending business. Companies that can do insurance business must be very large. Needless to say, there are benefits to being connected to the credit reporting system.
"Don't worry, everyone. Actually, I'm not saying that this credit reporting system is bad, I just suggest that it can be changed. There is an old saying that rabbits will bite when they are in a hurry. There is no need to insist. If you want to force people to death, banks are here to make money, not to save lives. Instead of doing this, it is better to relax some restrictions first, wait for supporting laws to come out, and then change the implementation..."
Chen Xi's words made the bank executives start to think, and there seemed to be some truth to them. If you eat a fat person in one bite, you will eat yourself to death. You still have to think about how full you are after every meal.
They can make sure that bank executives are not stupid. If the consequences of this credit reporting system are uncontrollable, then the higher authorities will step in to regulate them. In this way, they will not make money, and they may not be able to pay back You have to go in and step on the sewing machine.
Chen Xi also gave them a reminder not to be too ruthless in doing things, which made the big guys in all walks of life re-evaluate.
"Okay, let me talk about the financing and credit issues." Chen Xi observed everyone's expressions again, and then continued with confidence: "The current financing cost is a bit high, and external loans There are so many companies. Then the question is, if there is one. A large financial company borrows billions or tens of billions from banks, and then lends them to those in need. Through asset securitization (ABS), credit assets, such as small loans, are packaged into securities, which are traded in the capital market. Sell to investors this way to quickly recover funds and Continue to issue new loans to expand the scale... Where do the old funds and new funds come from? Think about it? Although this kind of high-leverage operation can amplify investment returns, it also brings corresponding risks. If the market environment changes or the value of assets declines, financial companies The company may face the risk of debt default, which will put huge pressure on its financial situation. This will eventually bring disaster to the capital... What's more important is that if this financial company becomes bigger, it will completely replace the bank. Business..." Chen Xi's words struck everyone's hearts like thunder. Everyone turned their attention to Feng Yun.
Now Feng Yun's face was flushed, and his palms were covered with sweat.
He never expected that this young man would transfer all the conflicts to him in just a few words.
It’s absolutely abominable.
Feeling a little uncomfortable being stared at by so many big guys at the venue, Feng Yun could only pretend to be stupid, lowered his head and chatted with Linxi beside him: "You are such a good vice-president, you are really good..."
"Oh, Mr. Feng. I'm not very capable, I'm afraid I can't control this person." Linxi scratched her cheek, looking aggrieved.
"If you do this, isn't it just a subprime mortgage?"
"Yes, if it doesn't comply with the regulations, it must be a loan shark. The audience is all the people at the bottom, so it's going to take a lot of effort to shed the skin."< br>
"Hey, the people at the bottom are the stupidest. Those people might not be able to borrow his money, but they still want to be grateful to him and call him Father Feng. Never I never thought about the tricks inside..."
"The people at the bottom only care about who lends money to them, and they will not consider the big impact, because a hungry person only thinks about eating and surviving. . ”
“Yes, there has been such a group of people since ancient times, and they will work for whoever gives them food.”
People at the venue were talking about it.
Subprime mortgage, the full name is Sub-prime mortgage, refers to a type of loan provided by banks or lending institutions to customers with lower credit rating or income who cannot meet ordinary credit standards.
This kind of loan is usually intended for individuals with poor credit status, no proof of income and repayment ability, and other heavy debts.
Subprime mortgages have higher interest rates than prime rate mortgages for people with good credit to compensate for the additional risk.
His audience is basically the lower class people and students, who have little income in the first place, plus high interest rates, it is simply murderous.
According to normal procedures, subprime loans generally require collateral, such as real estate. But in reality, subprime mortgages can be bypassed by paying commissions and using connections. This has led to a significant increase in the bad debt rate.
During the global financial crisis in 2008, the subprime mortgage issue became an important trigger. Many financial institutions over-invested in subprime-related financial products, such as collateralized debt obligations (CDOs) and collateralized debt obligations (CDSs). When the real estate market collapsed, the value of these financial products fell sharply, causing a large number of financial institutions to suffer huge losses. Even bankruptcy.
This incident has brought profound lessons to the global financial market, emphasizing the importance of prudent supervision and risk management.
However, Feng Yun still openly engaged in loan sharking at this conference to prevent financial crises. Isn't this a slap in everyone's face? The most important thing is that his leverage operation is to treat the people in the bank like monkeys. Anyone who changes him will be angry.
“Think again about the bad debt rate of this financial company. This is dozens of times leverage. Once the bad debt rate exceeds 1%, it will be a super storm! Think about it, which bank , I have never seen a financial company's bad debt rate be lower than 1%..." Chen Xi struck again, piercing Feng Yun's heart.
How could he not know this truth?
Feng Yun’s idea is to separate this financial business from himself in terms of legal liability. So even if there is a thunderstorm, he himself will not be affected. He has made all the money he should make, and at the worst he can just pat his butt and leave.
As for the group of people who borrowed money, he has fully captured the hearts of the people. What these people value is that it is better to live than to die, and to live day by day. As long as he has food to eat and money to borrow, he will not care about the consequences.
Chen Xi himself did not expect that a few words today would kill a financial product that was spread all over the country in its previous life. In the cradle, Aba Aba will not have the glory of his previous life in this life.
"Haha, this guy is really interesting." Feng Jialun was very excited in the audience.
He considered himself to have a unique vision, and there were only a few people he liked, and Chen Xi's performance did not disappoint him.
"Giggle." Zhao Lingshan smiled from ear to ear. Her man was excellent, and she was also happy from the bottom of her heart.
"What this guy said makes sense. Let's have a meeting when we go back and study it again. As for the new financial product that Feng Yun wants to develop, everyone should know how to do it."
"Of course I know how to do it. If this young man hadn't reminded me, when Aba Aba becomes big, wouldn't it be a problem to raise a tiger?"
The CEOs of several banks and financial companies began to discuss Countermeasures.
Feng Yun and the others will definitely deal with it. As for the credit reporting system, it seems inappropriate to launch it now, so let's improve it...
"Okay, I'm done." Chen Xijian He gave it up and walked directly to his seat. When he got close to Feng Yun, he raised his eyebrows at him.
However, Feng Yunze did not show anger, but looked at him with a smile and touched his chin.
In his previous life, Feng Yun had the same expression when he failed to compete for a project with him.
The higher the level of a person, the better he can control his emotions. Feng Yun belongs to this kind of person.
Even though he was being targeted by everyone, he did not feel embarrassed and left. He just continued to sit in his chair and listen to the lecture, as if nothing had happened.
It’s interesting. His endurance is really strong. He is worthy of being a big business person.
Chen Xi gave Feng Yun a thumbs up in his heart.
He is very objective in his evaluation of others. Even someone like Chen Yifeng, whom he hates, still has merits.
"Now I would like to invite Mr. Rogers to speak. Mr. Rogers came all the way to make some suggestions for our country's financial industry. Although the situation in Eastern and Western countries is different,..." At this time, the conference began The leader who spoke spoke up.
Rogers stood up, slowly took off his mask, and walked towards the stage. (End of this chapter)