Banned for ten years, I will test the editor, and I will kill the entertainment circle first when I

Shen Fei held the phone and frowned.

He is very clear.

It is impossible for the Great Elder to call himself this call for no reason.

obviously.

This is to hope that I can pay attention to those Internet companies that are about to go public.

Thinking of this, Shen called Wei in.

"Look up, there are some Internet companies that are about to go public recently."

Shen Fei said directly.

"Uh, no need to check, Li's Ant Financial and Didi Taxi."

Li Wei said with a smile: "Now this matter is being discussed on the Internet, especially Ant Financial. Everyone guesses that the valuation of this company is higher than the current Penguin and Ahri."

"Give me the information."

Shen Fei frowned and said directly.

Although Li Wei was a little baffled.

But soon I found the information of Ant Financial Services.

In the end, he didn't know if he didn't look at it, but when he saw Shen Fei, he was taken aback.

Ant Financial's full name is Ant Financial Services Company, and its business involves fund deposits, credit, consumption, payment, especially the special field of credit consumer services.

It is no exaggeration to say that Ant Financial covers almost all areas where state-owned banks can operate.

It can be understood that it is an enterprise similar to a comprehensive service bank, and the most important point: it is a private enterprise!

Ant Financial Clothes has the word ants in its name, but don’t mistakenly think that it is really such a weak creature as ants.

Although the ants are small, their number is astonishing. With such a large number of ants, they can completely bite off a few pieces of meat from an elephant.

Based on Papa Ma's popularity and appeal, the listing of Ant Financial will have a face-to-face impact on the existing state-owned banking business.

But that's not the scariest.

The real key is that the background of this company is not simple.

Because behind this company, there is Ma Xiaoyun's support.

Yes, it is Ma Xiaoyun who founded the Ahri Group, and Alipay was also created by him.

To put it simply, Alipay is now just a product or a branch of Ant Group.

And Ari Baba and Ant Group no longer have any relationship in terms of equity, although there is still a business relationship.

This feeling is that although divorced and the relationship between husband and wife is not recognized legally, the wife and husband still live under the same roof.

Historically speaking, the predecessor of the Ant Group was Ant Financial, and the previous life of Ant Financial was Alipay, and Alipay belonged to Ali Baba.

The reason for this situation is naturally because of the word interest.

In June [-], Ali Baba Group transferred the ownership of Alipay to another Daxia domestic company controlled by Ma Xiaoyun.The reason is that the central bank’s regulations on the payment management of non-financial institutions stipulate that if a company wants to obtain a payment license, there are certain requirements for the company’s absolute foreign ownership.

At that time, Alipay actually had 70.00% of its shares controlled by Yahoo America and Japan Softbank.

Based on this background environment, Ant Financial was born.

And Alipay successfully obtained the license, and then began to run wildly and expand wildly.

So much so that before WeChat Pay came out, Ma Xiaoyun really had no rivals in the electronic mobile payment business.

nowadays.

Ant Group controls Alipay, the largest electronic payment platform in Daxia.

The fintech giant owns a range of financial systems, including Daxia's largest online insurance service.

Ant Group's lending, investment and insurance products are mainly aimed at individuals and small businesses.

"We believe that if we can enable ordinary people to enjoy the same financial services as bank executives, and help mom-and-pop stores and large companies to quickly obtain financial support and help them grow, then we will become a company belonging to the future."

This is the slogan of Ant Financial, and it sounds very good.

But no one knows.

The company's profit margin is two hundred percent!

That's right!

From Shen Fei's point of view, it is a bit conservative to say that this lever moves the earth, and it is not too much to say that it moves the sun.

''According to the information Li Wei gave him, the revenue growth rate of the Ant Group has reached 30.00% in recent years. Just in the first few months of this year, it can make a net profit of [-] million a day.

The prospectus shows that in the first half of the year, the salary of the employees of Ant was 55 billion yuan, and the number of employees was more than 6000. That is to say, the average monthly salary of the employees of Ant was 6 yuan.

to be frank.

Shen Fei envied them very much.

"Look at the end, this is what Ma Xiaoyun said in an interview."

Li Wei pointed to the end of the document and said to Shen Fei.

Shen Fei nodded and looked carefully.

"Actually, what's the use of money? It's not yours. It's your wealth like ours. The society entrusts us to manage this wealth better. If you think the money is yours, the bad luck will begin."

"I understand. I thought about this too. Stop talking nonsense and tell me how to make money. We all came here like this."

"Believe it or not, I started my own business. From the time Ahri Baba started my business until now, I haven't received a salary for a month."

"Of course the wages are sent to our wife's account. I have never touched money. I have no interest in money."

"Because I was the happiest when I was a teacher with 91 yuan a month. At that time, I saved money every month. I knew that I could buy a bicycle after a few more months."

"Now I don't have this need, and I don't need to worry about it. Why should I worry about money. Maybe money is a resource for me. With this money, the more money you have, the more things you have to do."

"Some people say that the richest man in Daxia, this rich man is a responsible person. Only after you have gone through it will you know that if you don't have the right thinking, the right method, the best people, and the persistent efforts, you are Impossible to succeed."

Looking at the content of this interview, Shen Fei sneered.

"Group leader, what's the matter?"

Li Wei asked Shen Fei a little strangely.

He felt that Shen Fei's smile was a bit weird.

"Ma Xiaoyun, what a fool!"

Shen Fei said coldly.

"what?"

Li Wei was stunned for a moment.

He looked at Shen Fei incomprehensibly, and asked cautiously: "Team Leader Shen, what do you mean, is this Ma Xiaoyun fooling people?"

Shen Fei nodded, looked at Li Wei and said, "Do you know about the subprime mortgage crisis?"

Li Wei was stunned, and nodded quickly: "I know, the financial crisis in the United States in [-] was caused by the subprime mortgage crisis."

He still knows this.

Shen Fei nodded, then slowly said: "There is another financial term related to the subprime mortgage crisis, subprime mortgage loan."

? ? ? ?

? ? ? ?

Li Wei looked bewildered.

Shen Fei sighed and introduced him.

What is a Subprime Mortgage?

That is, financial institutions lend funds to some people who have no ability to repay.

The relationship between supply and demand we often talk about is actually also applicable in the financial market. When banks refuse to give loans to people with low repayment ability and poor credit in order to avoid risks, these people become the darlings of the capital market.

Of course, capitalists are not engaged in charity. They have their own financial routines, which is asset securitization. What is asset securitization?

To give a simple example, suppose you want to buy a house, but the bank thinks you have bad credit or no repayment, so they don't give you a loan. Of course, you are very disappointed.

At this time, you heard that there is a financial company that can provide loans without any mortgage or personal credit guarantee. At this time, you found a financial company that has this kind of loan business. The company borrowed you a down payment of 10 yuan. At that time, the company had a claim of 10 yuan on you.

Under normal logic, this financial company waits for you to pay back the money, and then charges you some interest until the entire transaction is completed, but for greedy capitalists, such a wait is too long and the risk is too high. what to do?

Besides, such an old-fashioned model does not conform to the investment rules of the capital market, so they used a new term "asset securitization". Under the operation of capital, this company can package your 10 yuan of credit Become a high-yield wealth management product and sell it to the society again.

Through such an operation, the financial company can immediately withdraw the 10 yuan in cash, and then lend it out again, and repeat the operation, using 10 yuan to pry the same amount of funds dozens or hundreds of times, and keep lending to earn money. Money, and Ant Finance is this type.

In the real US subprime mortgage crisis, the leverage was as high as 10 to 300 times, but the leverage of ants reached 1000 times. Take 10 yuan as an example, 300 times the leverage is [-] million, and [-] times the leverage is [-] million. This company leveraged a leverage of [-] yuan to leverage a market of [-] million or [-] yuan.

Assuming that the price-earnings ratio of this wealth management product is 5.00%, then the profit of this company is 15 with 50 times leverage, and 5.00 with [-] times leverage. Compared to this company, [-] times leverage is [-] A huge profit of [-]% is a huge profit of [-]% with a leverage of [-] times.

but,

His actual mortgaged assets are only 10 yuan. If the company loses 5.00% under the leverage of 5 times or 40 times, then he uses his own assets as collateral, and owes [-] yuan under the leverage of [-] times. [-] under leverage.

Ant itself has 30 billion assets, but the loan scale has reached 3000 billion. For the financial market, it does not matter how much risk it is.

And if there are [-] people who buy these wealth management products in the society, all of these [-] people may be implicated.

And this is also one of the causes of the subprime mortgage crisis in the United States in [-].

Some financial institutions in the United States lend money to people who are unable to repay, and then package these loan claims into wealth management products and sell them to the world.

After the cash is recovered from the sale of wealth management products, loans are made again, and then packaged and sold again, and the cycle continues.

When these borrowers can't repay the money, the people who buy wealth management products behind them are all out of luck.

At the same time, a lot of bad debts have formed on the side of the lending financial institutions, and the cash flow is seriously insufficient.

When everyone ran on, these financial institutions went bankrupt.

On April 50.00, [-], New Century Financial, the second subprime mortgage loan company in the United States, announced to file for bankruptcy protection and lay off [-]% of its employees.

Within a few months, the American Home Mortgage Investment Corporation formally filed for bankruptcy protection, becoming another large mortgage lender in the United States following the New Century Financial Corporation to file for bankruptcy.

This detonated the entire US financial system.

Of course, the risks brought by the subprime mortgage crisis not only affect the United States, but also affect the international financial market. The harm of the subprime mortgage crisis is self-evident.

From Shen Fei's point of view, if Ant Financial goes public, the risks involved will be no less than the subprime mortgage crisis!

To know.

As a capitalist, Ma Xiaoyun, who leverages leverage, hardly bears any harm from the subprime mortgage crisis, but those ordinary people cannot resist such risks, and they will basically be fish in the pool.

"How, how is this possible?"

After listening to Shen Fei's words, Li Wei was dumbfounded.

He never expected that such a thing would happen.

But Shen Fei was right.

According to the information released by the Ant Group, their capital is indeed not much.

Just a few billion.

If there is a problem of thunderstorms, wouldn't ordinary people who bought wealth management products go bankrupt?

"Don't believe Ma Xiaoyun's so-called pawn shop thinking that attacks banks."

Shen Fei said coldly: "From the perspective of the safety of funds in the entire banking system, the bank should of course be a pawnbroker, that is, how much collateral you provide me, and how much capital loan I will provide you. If the bank does not need collateral, Change everything to credit lending thinking, who will pay for the bad debts generated by the banking system at that time, and most people's money is stored in the bank, if the bank has systemic bad debts, who will be the unlucky one?"

! ! ! !

! ! ! !

Shen Fei's words, like enlightenment, made Li Wei recover immediately.

He finally understood what Shen Fei meant.

"You mean, we want to conduct research on Ant Financial?"

Li Wei looked at Shen Fei and said.

"Ah."