A consortium model needs a backbone.

The European and American consortium method is to make various consortium plans around a bank.

The Asian Consortium's approach is to expand into all aspects of society and does not necessarily require a bank.

For example, the main pillar of the Samsung Group is not banks, but several large-scale companies such as Samsung Electronics and Samsung Heavy Industries.

The same goes for the Mitsubishi Consortium, which relies on the heavy industry and aerospace technology industries for support.

Xiao Qi prefers the management model of Japanese and Korean consortiums, but he feels that an own bank is still essential.

Fairy Bank was established under such circumstances.

Although Xiao Qi had never been involved in the field of financial services before, he was very lucky and recruited MCA under his banner before he even opened his business.

With more than 30 years of experience in China Merchants Bank, MCA is naturally able to manage a newly opened Fairy Bank with ease.

In addition, Xiao Qi has never been ambiguous about money. Anyone who Fairy Bank wants to use funds and resources will be given priority, allowing MCA to display its talents without being restricted.

Therefore, although Fairy Bank has only been open for more than 6 months, it has already firmly reached the top 30 in the ranking of commercial banks in China.

If it were not limited to regulations, Fairy Trigger has huge restrictions on RMB deposits and loans, and the top ten would have no problem at all.

Now, the main focus of Fairy Bank is naturally on the Internet-related finance where the country expects it to make a breakthrough.

Internet-related finance. Naturally, it is not only transactions on the Internet, but also includes some finance related to the Internet.

For example, credit card business.

Fairy Company owns Xiaoyao Mall, and has acquired the Alibaba Group. It has more than 300 million users, and is constantly adding new users.

Therefore, within three months of its opening, Fairy Bank had more than 7 million Fairy Bank credit card users through binding credit card applications, and now in June, this number has increased directly to 32 million.

You read that right.

That is, 32 million people have Fairy Bank credit cards, which ranks fifth. It is still ahead of Bank of China.

Moreover, more than 80% of them place an order once a month, and 63% place an order once a week.

If Taobao hadn't lowered this value, the users of Xiaoyao Mall alone would have to swipe their credit cards once or twice a week on average.

no way.

The daily necessities in Xiaoyao Mall are really complete.

No matter what kind of food, clothing or accommodation you need, as long as it's not too remote, you can basically buy it at Xiaoyao Mall.

I forgot to buy groceries in the morning. After you place the order and set a time, basically the vegetables, meat, fruits and vegetables you bought will be delivered to your home as soon as you get home.

If you want to watch a football match in the evening but forget to buy snacks and beer, you can also place an order at Xiaoyao Mall. The items will be delivered to you before the football match starts.

It even includes MSG, salt, toilet paper, etc. Many people are too lazy to go to the mall and just let Xiaoyao Mall deliver it to their door.

Well, it's not accurate to say door-to-door delivery now.

Because the loss rate of electric vehicles in China is so high, Xiaoyao Mall and Xiaoyao Express jointly issued an announcement. We implore users to go downstairs to pick up their items. It is too heavy to lift, so we also implore users to deliver them to their doorsteps.

On the way, ask them to come down and help look after the electric bicycle to prevent the thieves from stealing the things along with the bicycle.

The human heart is made of flesh.

Although there are so many people who like to find faults, the service attitude of Xiaoyao Mall and Xiaoyao Express is so good that you can't say anything at all. So shoppers also go downstairs to pick up the goods.

Fairy Bank does not provide RMB deposits and loans.

Therefore, the number of credit cards is directly related to the success of their first step strategy.

Obviously, the issuance of 32 million credit cards in the past six months is enough to make everyone stunned and cannot believe that they can reach this point.

Of course things are not as simple and easy as they see. In order to achieve this goal, Fairy Bank and even Fairy Company have made a lot of efforts.

Take Xiaoyao Mall as an example. As long as you bind a credit card from Fairy Bank, you can enjoy half-year installments, zero handling fees and zero interest rates.

In addition, in various activities of Xiaoyao Mall, if you use Fairy Bank credit card to pay, it will always be cheaper than other debit cards, credit cards and cash.

Although there are not many cheap ones, they are still cheap, so those girls who often shop, especially girls who are good at calculating, are obsessed with using Fairy Bank credit cards.

But when MCA and Xu Weihong reported to Xiao Qi, Xiao Qi made it clear to them that this strategy was not enough and they needed to continue their efforts.

For example, in terms of credit card installment payment, you can definitely buy it this month and pay next month. Anyway, the credit card is bound and the agreement is signed. When the time comes, you can swipe the card directly through the bank and the bill will be sent to you. If you don't pay, you will be a loser.

There are always various laws to punish people.

For example, increasing access points to major supermarkets, shopping malls, and shops will allow Fairy Bank to use cards in as many places as possible, increasing convenience.

For example, the Fairy Bank mobile client has been improved again, and mobile credit card quick payment has been greatly increased, etc.

For example, we have joined forces with websites such as Dianping and merchants from all over the country to carry out some activities that provide discounts for using Fairy Bank credit cards. On the one hand, banks subsidize most of them, and on the other hand, merchants also reduce prices slightly and increase promotions. With the promotion of both, the

Everyone benefits.

These methods may seem simple, but as long as word of mouth is formed, everyone will become more comfortable using Fairy Bank Credit Card in the future, and the future life will become more inseparable from it.

Xiao Qi believes that with the progress of society, China's shopping model will definitely move closer to developed countries such as Europe, the United States, Japan and South Korea, credit card consumption will become the mainstream, and the cash-based transaction model will gradually fade away.

In other words, when the young people of the 2000s grow up, this model should be finalized.

Therefore, by paving the way for credit cards first, Fairy Bank will be able to develop into a larger bank than Minsheng Bank, the largest private bank in China.

Credit cards are only one aspect.

Zifu Bao and Xiaoyao Wallet, two important capital accounts, are currently one of the few profitable projects of Fairy Bank.

In 2013, Zifu Bao’s precipitated funds were about 30 billion. Precipitated funds are funds that will always be placed in Zifu Bao’s company account and come from funds that are paid out and continuously deposited. In theory, this 30 billion

It can be said that Ma Yun can do anything with it, even if he just puts it in the bank, he will still have a net profit of at least 1 billion a year.

But in fact, Ma Yun's income is far more than that. If he gives the bank an interest of 70% to 80%, and the bank adds various bundled loans, he can get at least 5% interest, so it should be at least 2 billion.

Of course, it was not enough in 2009. The accumulated funds of Zifubao were only about 10 billion. If they were placed in Fairy Bank for working expenses, the annual profit would be 1 billion.

Xiaoyao Wallet is a b2c online mall with no third-party supervision, but all its funds are circulated in Fairy Bank. In 2009, the transaction amount will definitely exceed 500 billion. Whether it is payment to suppliers or deposit in Xiaoyao Wallet, all of these are through

The flow of water from the Fairy Bank.

If there is circulation, there will be profits. It is estimated that there should be 800 million yuan in profit from Xiaoyao Wallet this year.

It sounds really pitiful.

Fairy Bank's ordinary operating income this year is at most 3.8 billion, but its operating expenses exceed a full 20 billion. Of course, there are some items in the accounts and various expansion needs for future business.

It is basic, but such a high loss still sets a record for the Chinese banking industry - the bank with the most losses.

But Fairy Bank has a lot of money.

In addition to the US$36 billion in reserves handed over to the central bank, Xiao Qi also converted US$80 billion into RMB and placed it in Fairy Bank, giving all users confidence and giving Fairy Bank the greatest expansion support.

With so much money, it would be a waste not to use it. MCA has taken this money and lent it to many large projects funded by countries. Although it is not allowed to absorb ordinary people's deposits and lend them loans, this kind of money is not allowed.

It is possible to participate in large-scale projects with large funds, and the same is true for foreign-funded banks, but they will only enjoy dividend profits and will not enjoy project rights.

But there is also a disadvantage of these projects, that is, they are too long, and the profit rate of return is stable, but it usually takes two or three years to see the first return.

When the first batch of profits come back next year, Fairy Bank's accounts will look much better, without just spending the capital provided by Xiao Qi.

Of course, Xiao Qi doesn't care about Fairy Bank's current losses.

In the banking industry, when you first start out, especially when you start as a small bank, it is normal to spend money to gain survival space.

If you are reluctant to spend money now, then when other banks see the profits of online commerce in the future and all pounce on it, how can Fairy Bank's small body stop them?

Don’t forget, when online commerce explodes, big chunks of fat like Yu Wo Bao and mobile payments will be the treasures that can really make Fairy Bank grow and develop!

Once all these funds enter the capital flow of Fairy Bank, then the entire Fairy Company's consortium model can be launched, and there is no need to worry about all aspects of fund scheduling.

Only with a strong financial foundation can a consortium prosper and thrive for hundreds of years! (To be continued)
Chapter completed!