On the 6th, Yuanfang launched consumer loans, and on the 7th, Yuanfang launched exclusive loans.

The two types of loans have caused considerable responses among the user groups.

Some support, some oppose.

Some people even said that Li Dong was crazy about making money, but now he has started a loan shark business.

There was no response from the far side to these topics.

Whether consumer loans and micro loans are good or bad, this varies from person to person. Everyone has different ideas. Some people support them, but some people naturally object.

Some people also felt heartbroken towards Li Dong and felt that the distance was getting more and more grand.

Compared with the cumbersome processes of the bank, the process here is very simple and it will be received in a few minutes. This is simply a blessing for some people who are eager to use money.

While the Far East launches personal loans, some small and medium-sized enterprises are looking forward to it.

At the Internet Conference in 2008, Li Dong and Ma Yun said they would support small and medium-sized enterprises. If banks do not lend to small and medium-sized enterprises, they would change the banks.

What they said on that day was a little worth mentioning.

But now, with the long distance getting a consumer finance license, this kind of thing may happen.

Of course, the current consumer loan amount is not high, and it is targeted in the consumption field. The consumer loans that Yuanfang is doing now are actually a bit biased, but fortunately, it is targeted at individuals, plus the low amount, and no one says anything when the law is unclear.

You can borrow from small and medium-sized enterprises. Without a micro loan license, you cannot lend to them in the distance.

Therefore, at this moment, some companies that urgently need money and cannot obtain loans in banks are eager to get online micro loan licenses in the distance.

As long as you get it, the door to lending to small and medium-sized enterprises will be opened soon.

...

SMEs are looking forward to it.

distance.

Li Dong also instructed, "We must get the micro loan license as soon as possible. Now Alibaba and the others are promoting the issuance of micro loan licenses. Although we already have consumer finance licenses, it is more beneficial to us to get the micro loan license.

Alibaba’s previous ability to do better and better in the b2b field is because they helped some small and medium-sized enterprises and opened up the international market.

In China, some potential small and medium-sized enterprises are actually very helpful to the enterprises.

Sometimes, our companies need a large amount of cooperation and support from small and medium-sized enterprises.

In the past few years, we have been fighting alone.

It was not until 2009 that we established a retail alliance that attracted some small and medium-sized enterprises in the retail field. At this time, we were considered to be in a group.

But such a group is not strong enough!

A company wants to be as stable as Mount Tai, and wants to influence all walks of life and dominate a single field, which is actually not enough.

We will win over small and medium-sized enterprises and become part of us. The more enterprises participate, the more beneficial it will be to the distance.

Large enterprises are not actually single existences.

When we are weak, this doesn't matter or harm. But when we become stronger, we need to consider these things.

Corporate loans seem to be insignificant, but they are actually very important.

We lend to small and medium-sized enterprises, even if we are just lending platforms, it is enough to influence these enterprises.

In the future, we will have some cooperation or expansion behaviors. The first thing these companies consider is that they cannot be enemies of the distance, but can only cooperate with them.

Because we control their economic lifeline!

Why are banks so powerful?

Loans are very important!

They all owe loans from banks, and some companies are afraid that banks will collect payments in advance and liquidate them in advance. On the financial blacklist that year, many companies were tortured to death.

Although we are not a bank and do not have the intention to toss these companies to death, as long as we do loan business, it is actually a kind of control.

Therefore, loan business for small and medium-sized enterprises must be done as soon as possible.

With the company's loan, our loan business has almost been completed. With Yu'ebao's disguised deposit business, Wankatong's payment and settlement business...

All these businesses have been done, except for some intermediate businesses, we cannot do them. Yuanfang Finance is a bank in another sense.

In fact, this is the direction of development of remote finance.

In the end, we will definitely set up an Internet bank.

Now, Huaxia has not even opened up private banks, but this trend is becoming more and more obvious. I think it won’t take long before private banks will appear.

As for Internet banks, I think they will eventually be recognized by the government as the times develop, and become part of the financial field.

For a private enterprise, the ultimate derivatives become banks, which is also the greatest recognition and protection of the enterprise.”

Internet banking!

As soon as these words were spoken, everyone's eyes were a little strange.

In China, especially now, when the traditional financial field has not yet been hit, banks are actually the real overlord companies in China.

Banks with a large amount of cash flow actually have some advantages in treating any company.

Are there any companies that don’t lack the money from banks these days?

Almost nothing!

The bigger the company, the more bad it is.

Let’s talk about the number one petrochemical and second-ranked oil in China. Do they owe the money from the bank?

owe!

Of course, the government will allocate funds for these central enterprises and their own profits are scary. They are not short of money, but they just owe money, which is also a fact.

Banks generally do not refuse their loans or ask for payments, but it is also true that there is a debt relationship between the two parties.

As a creditor, no matter whether the bank owes money or not, if you really want to ask you to collect debts, you have nothing to say.

Therefore, banks are the actual overlord enterprises in the Chinese business world.

Far-Fang Finance is now working in this field. Once it is really done, it will really lay the foundation for the invincibility of the far-far.

However, private banks have not officially become banks now. Internet banks are more difficult than private banks. It is not that simple to be China's first Internet bank.

In his previous life, Teng Xun's WeBank was established, but it was approved at the end of 2014 and officially opened in 2015.

It is very difficult for the long house to be recognized by the government so many years in advance, and to be approved by the government.

No one else spoke in the conference room.

Li Dong did not continue this topic, and continued: "In addition to these, there are also financing issues for consumer loans and exclusive loans.

As a consumer loan for the Internet, we no longer follow the traditional financial channels this time.

Generally speaking, most of the final sources of funds for traditional micro-loan companies are through banks and shareholders.

Of course, I am talking about a regular microfinance company, so I won’t mention other private capital flows.

This time, I have been thinking about it for a long time and no longer have to go through banks, trusts, and insurance channels. As for shareholder financing, we are not able to support it for the time being.

So, I want to raise funds through the ABS channel.

The final annualized interest rate for consumer loans and exclusive loans can reach 20% on average. Of course, the interest is interest, and there will definitely be some dead debts and bad debts. Apart from these, the returns will not be so high in the end, but more than 10% is still not a problem.

As for abs financing, I looked at the financing situation of other platforms a few days ago, and it was generally between 3.8% and 8.5%.

Moreover, the term of abs is generally not short, and it is normal for three to five years.

If the project market is good, I don’t think it’s too difficult to get an interest rate of about 5% with the qualifications of the distance.

Today's banks have large loans for more than three years and the interest rates are more than 5%. In fact, the difference between the two is not much. Moreover, compared with banks, ABS financing review is easier and it is easier to raise funds.

The key point is that there is no need to pledge it!

In the past, when we borrowed loans, we used asset pledges, but consumer loans were not used. It was obviously impossible for us to pledge them with our own industries.

But once the bank does not lend money, our principal will only be 2 billion, which obviously does not meet my expectations.

Next, the group will begin to prepare for financing through the ABS channel.

Although the current consumer loan and exclusive loan are not large in scale, it only has about 13 million yuan in two days, and today it should be around 20 million yuan.

Moreover, most of us have short-term monthly loans. In other words, at this level, the amount we finally release is only about 200 million yuan in a month.

After a month, most of the money will be paid back.

But now, as time goes by and our credit system is successfully established, we will establish credit channels for more users and open their loan business. I think the loan scale will increase on a large scale.

In the end, the monthly capital flow is definitely not a small amount, and in my opinion, it will be a short time for more than 10 billion yuan.

So in advance, we should do some preparation work. After all, this is the first time we have done this. What I mean is that in August, we will make a 10 billion financing plan, and the interest rate is about 5%, which is three years.

The main body of the project is our consumer loan project.

We will first test the market situation so as not to do such projects in the future, we have no experience..."

After Li Dong finished speaking, Cao Jinsheng from Far-Fang Finance said hesitantly: "Mr. Li, what you said is generally feasible.
To be continued...