Reborn 80s

Chapter 124 Financial Products
When the new management took office, Chen Huaiqing gave them a certain amount of time to adapt to the new position, and did not require them to come up with any major development plans first.

It is to control risks, and conduct a re-examination and clean-up of those loans with high risk coefficients.

When small and medium-sized banks operate, they like to make some high-risk loans. The risks are high, and they are usually accompanied by high returns.

But, the necessary risk control must be in place.

The current bank is controlling the risk, really...

Everyone has a sense of risk.

However, risk control management has not yet formed an institutional system.

It depends on the ability of the bank staff.

And in small and medium-sized banks, they like to talk about human relations, nepotism and the like.

ability……

Nature is last.

Now Kangnian Bank has completely broken up those relationships and the like, and everything speaks with ability.

There are not many people in Kangnian Bank who can't leave. If you don't leave, you can't do it. They used to be leaders, but now they are ordinary employees.

Who can save face.

Chen Huaiqing didn't hold back at all, but asked someone to quickly release the recruitment announcement.

Sun Congxuan will be busy with the recruitment.

Chen Huaiqing is thinking about how to absorb more public deposits.

Raise bank deposit rates?

The banks on the Xiangjiang side have always had relatively low deposit interest rates.

If Kangnian Bank offers a high interest rate, it will definitely be able to obtain a large number of depositors.

Naturally, banks can raise deposit rates, but it’s not enough to just raise deposit rates. What about loan rates?

A very important part of the bank's business is to use the difference between deposit interest rates and loan interest rates to make money.

The deposit interest rate is 3%, and the loan interest rate is 5%, so that the bank can earn the middle 2%.

But if the deposit rate is raised to 5%, then the bank will not be able to make money.

There may even be losses.

Because getting a loan is a risky business.

Every bank has bad debts, and bad debts are inevitable. It depends on the bank's ability to control risks.

Generally, a bad debt rate of 1%-2.5% is a relatively normal and healthy value in banks.

Of course, for small and medium-sized banks, due to their weak anti-risk capabilities, logically speaking, they should control the bad debt rate at a lower level.

But in fact, the bad debt rate of small and medium-sized banks is much higher than that of large banks.

As long as there is a little storm, it is easy to capsize.

Chen Huaiqing has seen the loans issued by Kangnian Bank, which are mainly concentrated in the real estate industry.

Don't worry too much about this, the real estate industry is already recovering.

Now the Elaine Group has deposited a sum of funds into the Kangnian Bank, and the Kangnian Bank is not bad in terms of capital adequacy.

Now that Kangnian Bank wants to obtain more funds, it will definitely not be able to simply increase the deposit rate.

Sitting in the office of Kangnian Bank, Chen Huaiqing flipped through Xiangjiang's banking regulations.

To be honest, Chen Huaiqing felt that these regulations were so simple.

Commercial banks can invest in property and stock markets.

As for the risk control of banks, there is basically no such thing.

Now Xiangjiang's banking supervision is based on capital supervision. That is to say, as long as the bank has sufficient capital, it doesn't care what you do.

After that, the regulatory model changed to focus on risk management and control.

In addition to raising deposit interest rates, Chen Huaiqing also thought of one more thing.

Bank wealth management products.

I remember that in the last life, bank wealth management products were quite popular.

In Xiangjiang, everyone's financial management channels are still relatively small.

Wealth management products also mainly serve those wealthy people. As for the small people?

Everyone looked up, who looked down.

Sun Congxuan frowned slightly: "Your fox tail is finally exposed!"

Issuing wealth management products is just to raise money!
What is Chen Huaiqing raising money for?
Earlier, Chen Huaiqing had raised [-] million US dollars to invest in the foreign exchange market.

Because of the acquisition of Kangnian Bank, part of the money was temporarily kept in Kangnian Bank.

But obviously, it won't stay for long.

Chen Huaiqing emphasized: "Foxes are used to describe women."

Sun Congxuan rolled his eyes at Chen Huaiqing: "Don't interrupt, let me tell you, the foreign exchange market is too risky, and we can no longer invest money in it."

"Don't worry, I always think about failure before success. The risk is controllable. Moreover, only a small part of the money from selling wealth management products will enter the foreign exchange market. Most of the funds will still be invested in the Hong Kong property market and stock market."

Chen Huaiqing thought of another thing, the exchange rate between RMB and US dollar.

1 USD to 8 RMB that can be maintained for a long time.

And now?

1:3 exchange rate.

In fact, there is a black market for exchange rates now because there are serious problems with the exchange rate at this time.

Chen Huaiqing really doesn't know when the exchange rate reform will be carried out, but one thing is certain, it will definitely not work if it doesn't change.

As he said that, Chen Huaiqing gave Sun Congxuan a financial product plan that he asked Meta Investment to make.

In addition to wealth management products, there are also public funds.

Sun Congxuan squeezed her chin: "Oh, I feel like I'm on a pirate ship."

Chen Huaiqing didn't admit it: "I don't agree with what I said. Why am I a thief? I can tell you that my boat is Noah's Ark. It will take you to the other side of happiness. It is a ship of the new era." beginning."

Sun Congxuan was speechless, and this was boastful.

"Okay, no matter what you say, it can't change your image in my heart."

Chen Huaiqing asked curiously, "What kind of image do I have in your heart?"

Sun Congxuan pondered for a while, then wriggled her fingers solemnly: "Lust, feel good about yourself, run the train with your mouth full, use any means..."

Chen Huaiqing hurriedly stopped: "Stop, stop, no, listening to what you said, I have become a complete villain. I am very decent."

Sun Congxuan chuckled, Chen Huaiqing has nothing to do with decency.

Taking advantage of the fire to rob such a thing, you can do it without blinking an eye.

The next night, in Xiangjiang No. [-] Hotel, a party was being held here.

Both Chen Huaiqing and Sun Congxuan were invited to participate.

Chen Huaiqing wore a neat suit without a tie, which was formal yet casual.

Chen Huaiqing looked frequently at Sun Congxuan beside him, not to say how stunning Sun Congxuan's dress was.

But although Sun Congxuan was wearing a skirt, her overall attire was more work-like.

What kind of deep V-neck and exposed quilt, of course there is no such thing.

It is a little different from the women who attended the banquet in the impression.

The woman who came to the banquet was not wearing a war robe to compete for beauty.

Sun Congxuan took Chen Huaiqing's hand, not showing any discomfort at all.

"At this banquet, all the famous people in Xiangjiang basically came. Let me introduce you later. Since you plan to develop in Xiangjiang for a long time, you can't help but know them."

Chen Huaiqing: "Actually, I really don't like dealing with these people very much."

"Hehe, I don't like to eat yet!"

Don't do it if you don't like it?
That's possible!

For Chen Huaiqing, most people showed an accepting attitude. Most of you present are real estate developers.

The ten richest people in Xiangjiang basically have a relationship with real estate.

When the real estate collapsed, these big families took the opportunity to buy in one after another, and now they have made a lot of money.

As long as you have money, it becomes quite easy to really want to make money.

Find a good project and invest in it. As long as you have patience, you will definitely make money in the end.

For example, in things like real estate bottom hunting, people have enough capital to be able to bottom hunting.

And Chen Huaiqing also became famous in the midst of bargain hunting.

(End of this chapter)