My fintech empire.

Chapter 912 [It’s not about too much or too much, it’s about just being right]

It is worth mentioning that Fang Hong estimated that 2 million families would be able to raise 500 trillion yuan in the first phase. The final figure is 359 million families, which is nearly double the leverage level. If there are no additional factors, this leverage The rate will definitely drop.

The so-called additional factor is the bank. Not leveraging means no loans. Without loans, the bank can only earn some channel fees. The appetite of banks is obviously not satisfied with just earning some channel fees.

This special loan business is more profitable than a home loan. For example, a 100 million home loan with equal principal and interest for 30 years, the interest is almost 100 million, but this special loan has an interest rate of 5.15, and the same 100 million loan funds are also available for 30 years, but The interest generated is 154.5 million yuan, which is 54.5 yuan more than the interest on the mortgage.

Banking institutions have spent a lot of effort to provide investors with loans. They wish that everyone could directly borrow money like Mr. Liu. It is precisely because the bank spared no effort to promote loans that the first phase of 359 million was obtained. Households as a whole have nearly doubled their leverage ratio.

In other words, of the 2 trillion yuan raised by the wealth fund in the first phase, 1 trillion yuan is loan funds, which is additional leverage funds.

Even if the bank does not count the channel fees it earns, it will steadily make huge profits of more than 359 billion from these 500 million families every year in the next year. It will be 5000 billion in ten years, and it will be directly covered in 20 years. There is still a small balance of all the loaned funds.

The bank said that this profit is very good.

……

On weekend afternoons, enjoy the indoor heated swimming pool in Jingxinju Villa.

Fang Hong swam back and forth in the swimming pool for a few times and then came up. Tian Jiayi was also here. When she saw Fang Hong coming, she talked about the wealth fund: "The bank has become the biggest winner among them, and there is almost no risk." If you win, you will make more than 500 billion in profits every year."

Hearing the complaint from the beautiful assistant, Fang Hong sat down on the lounge chair next to him and said with a smile: "After all, Guo Jia team is one of the four major industries. People use their skills to leverage the public. It's not easy for us to say anything." , not to mention that there is in-depth cooperation in many aspects, so just turn a blind eye."

Tian Jiayi immediately said: "You decided to establish a wealth fund to provide exclusive investment and financial management channels for the middle and lower class people. Its original intention is to use this to alleviate the increasingly widening gap between rich and poor in society as a whole. This fundraising plan is the 2 trillion It can allow 500 million families to get on the bus, but the bank has lost 140 million families in order to expand its profits. This is not a small number. I would say that you should have set the upper limit at 50 instead of 100 million. "

Fang Hong shook his head and laughed. After a moment, he said slowly: "Do you know why I set the upper limit at 100 million instead of 50?"

The beautiful assistant subconsciously said: "Why?"

Fang Hong said methodically: "Because whether the upper limit is 100 million, 50, or 30, the bank will get a loan quota of 1 trillion. If we lower the upper limit to 50, the bank will just let The number of loan groups has doubled.”

Hearing this, Tian Jiayi said: "But millions more families will get on the bus. Wouldn't that be better?"

Fang Hong said calmly: "The cake is so big. If 10 people can share it, they can all be well off, if 30 people can share it, they can only have food and clothing, and if 100 people can share it, they will go hungry. If I set the upper limit at 50 yuan, then everyone A family can only buy 20 or 100 yuan. What will be the result?" After a moment of pause, Fang Hong looked at each other and said to the beautiful assistant: "The result is that it will take a long time for everyone's consumer confidence to be activated, because the assets are It will take longer to increase the value to a considerable extent. Let me give you some calculations. Suppose that when a family's net assets are less than 100 million, they are not confident about the future and will restrain consumption. Only when the net assets reach more than [-] million, they will Have consumer confidence.”

“现在他买了20万的理财产品，按照15个百分点的年回报，需要滚动12年的复利才能到超过100万；但如果他是买了50万呢？达到100万所需要的时间就缩短到5年，加上这个家庭工作的工资收入还能再缩短一两年。”

"The result I want is that as long as the families who get a car can quickly activate their consumer confidence in the next two or three years, the most powerful thing that can bring about consumer confidence is considerable and stable wealth growth. When you know that you When you will make more money in the future, and you can calculate how much you are likely to make, you will dare to spend now, and you can even spend appropriately in advance, because you have the confidence and you know that your future income will give you You tell me now."

"The hundreds of families who boarded the bus this time are all middle- and lower-class people. Most of this group is just shy of reaching the middle class. It itself has strong consumer demand. To improve their lives, we should look forward to the future. When you are confident, you can’t suppress the current consumer confidence and motivation even if you want to.”

Speaking of this, Fang Hong added again: "What I want is not that after all the hard work, 100 people are still hungry. What I really want is to first ensure that every family who gets on the bus can quickly get food in the next two or three years." Activate consumer confidence within this year instead of waiting for ten years. Ten years is too long and the day lilies will be completely cold."

Fang Hong concluded with a smile on his face: "So it's not about too much or too much, but it's about being just right, being impartial and just right. You can't become a fat man by eating in one go, you have to eat it one bite at a time, step by step."

If the wealth fund has one phase, then there will be a second phase and a third phase later.

In the first phase, 359 million households were activated, thereby activating the consumer market with a population of more than 2000 million. This is not a small number. It can provide impetus for the overall economic growth of society. This part of the space opened can feed back the progress of funds raised in the second phase. market, thus forming a virtuous positive cycle.

The oversubscription for this round of fundraising is 7 trillion. If all the money is accepted at once, the result will definitely be that most of the funds are idle in the financial system and cannot become living water to nourish all walks of life. Not only will it not be able to achieve great positive results Instead, it will accumulate systemic risks.

Not to mention anything else, the astronomical 7 trillion yuan of funds will generate a lot of interest just for one day. In the long run, wealth funds will also face huge pressure. When no money is made, the public will become emotional. Moreover, when bad things happen, disasters often come singly. If there is a little trouble, trouble will often follow.

It can be seen that when everyone comes to send money, how much do you plan to receive?When will you pick up?How to pick up?Whose money should be received?Whose should not be accepted?These questions are all demanding.

Of the 2 trillion yuan raised in the first phase, each family contributed an average of 55.58 yuan, which is the right range.

As long as the income is increased in the future, the consumer confidence of these nearly 360 million families can also be increased at the same time. They can see the income of the financial products they buy increase greatly and their wealth grow rapidly. When they have needs, Under such circumstances, the desire to consume is difficult to suppress.

Moreover, this boost of confidence will also affect people waiting to get on the bus in the second and third phases. Because with Zhuyu in front, those who get on the bus later will be more trusting and look forward to it.

……

(End of this chapter)