My black technology plug-in

Xingyue Cafe near Buzhou Mountain.

Qin Jian entered the coffee shop, glanced around, and saw a middle-aged man, who was the one who gave him Lei Lao calligraphy before, and his name was Wang Feng, a very ordinary name.

Opposite Wang Feng, Qin Jian sat down.

Wang Feng smiled and said, "I ordered a cappuccino for you. I don't know if it suits your taste."

Qin Jian glanced at the coffee in front of him and said with a smile: "Thanks, but I never drink coffee."

Wang Feng smiled, didn't care, took a sip of coffee by himself, and then said, "What do you think of Ma Yu?"

Qin Jian said solemnly: "That Mayu?"

Wang Feng smiled and said: "It can be that Mayu, naturally it is Mayu of Pirate Group."

Qin Jian nodded and said, "I don't have any opinion, just know that he is not interested in money."

Wang Feng laughed and said, "What do you think of the recent IPO of Lech Financial Services?"

Qin Jian shook his head and said, "I'm not too interested in this."

Wang Feng nodded and said, "Then I will tell you about the listing of leech."

Qin Jian smiled at this moment: "You asked me to talk about the leech?"

Wang Feng nodded and said, "Yes, I don't hide it from you, Lao Lei is uncomfortable with Ma Yu's behavior."

Qin Jian nodded and said, "Well, you say, I will listen."

Wang Feng continued: "The core business of Lech is to provide third-party payment and provide guarantees for Daobao.com. In the past, Lich was just a guarantee tool. However, with the development of technology, Lich, or the Pirate Group, started The big data information that I have mastered, specifically the user’s transaction data, began to do a small loan business, providing loans to businesses that lack funds."

"This service has gradually become one of Lech’s most profitable businesses, but Lech is unwilling to only lend to small and medium-sized enterprises. He focused on individuals and launched a series of products, starting with Yu'e Bao, and then Huabai, borrowing, the amount of these small loans is usually not high, a few hundred, a few thousand, and the users are mostly college students and young people who have just entered the society."

"These people have a common characteristic, that is, their ability to repay is very weak, and they have no assets. Banks or financial institutions in general are unwilling to lend money to these people because they have a great risk of default. Dare to borrow, and it is an unsecured and unsecured credit loan, and the default rate is still very low, with a default rate of less than 1%. This default rate is an unimaginable number for traditional banks. It is too low. And it’s a loan without any collateral. Do you know how Lech did it?"

Qin Jian remained calm.

Wang Feng continued: "They selected high-quality customers through big data, and the results of this screening are very precise. They know exactly how much repayment ability a person has. The repayment ability of these customers is very low. The repayment ability of several hundred or several thousand yuan is still available. Each of these small loans is very small, but the total amount is a very scary figure."

"Leech's loan scale is as high as 300 billion, and this is not the most terrible. The most terrifying thing is that these 300 billion loans are all leveraged by them through financial leverage, and their principal is only 3 billion."

"Use 3 billion to leverage 300 billion of funds. This is 100 times leverage. Do you know how to leverage it?"

Qin Jian nodded and said, "Asset securitization."

The so-called asset securitization is a method of using debt as mortgage and financing from the market. To put it simply, for example, Xiao Ming has 100 yuan, and he lent the 100 yuan to Xiao Hong, and then Xiao Hong He gave him an IOU, stipulating the repayment date and interest rate. After Xiaoming got the IOU, he took the IOU and went to the next door Lao Wang. He used the IOU as collateral, and promised that Xiaohong had a share of the interest. Wang’s, with this, I got 100 yuan from Lao Wang,

In this way, Xiao Ming has another 100 yuan in his hand, and then he can lend the 100 yuan to Xiaoqing, and also get an IOU from Xiaoqing, and then take this IOU to the next door grandson, and use the IOU. With interest as collateral, I get 100 yuan again, and repeat 100 times, the original 100 yuan becomes 10,000 yuan.

In other words, Xiao Ming used 100 yuan to pry 10,000 yuan, and this game can be looped indefinitely. The more cycles he can make, the more profits he can make, but his cost is only 100 yuan. The money, even if someone really doesn’t return it, doesn’t matter, because the money is not Xiao Ming’s at all, but the person holding the IOU is the one who is holding the IOU. Xiao Ming is just like an intermediary, earning interest without taking risks. This is the typical empty glove white wolf, which has a professional term called ABS.

Wang Feng nodded and continued: "Yes, it is asset securitization. This gameplay is the Wall Street game in the US, and his consequences have been tasted all over the world. The financial crisis is the final result of asset securitization. Ma Yu used this method for lending."

"The people who buy these securities are all kinds of funds, banks, including social security funds, pension funds, and these departments related to national livelihoods. Their participation has given Ma Yu more funds to play this game. If there is a breach of contract, such as large-scale bad debts, the entire chain will be broken, and the department that eventually bought the securities will lose their money."

"You can imagine that if the social security fund loses and the pension loses, it will have much impact on Kyushu."

"If the method of lending by leeches is the same as that of banks, there is asset mortgage, which is the pawnshop thinking that Ma Yu said, then this risk is still acceptable. After all, if you don’t repay the bank’s money, the bank can still collect your house. By collecting your car, some funds can be recovered, but Lech is a pure credit loan. Once the user defaults, there is nothing left."

"And the risk of such default will increase exponentially as the scale of Ley’s loans continues to expand. Have you ever seen Huabeibibi’s advertisements, such as graduated and borrowed money to travel, such as watching After buying a Vientiane life-and-death market, I borrowed money to buy one. For example, if I go to open a room with my girlfriend, I can borrow a sum of money to open a five-star hotel. What is this? This is an induced loan. And it is to induce those young people to consume ahead of time. This method will inevitably lead to a continuous increase in the default rate, which will trigger systemic financial risks."

Qin Jian nodded, then said: "I understand what you said, but what does it have to do with me?"

Wang Feng smiled and said, "This relationship is big. You should know that the listing of Lech Financial was suspended. The reason for the suspension was because of Lei’s strong opposition. Otherwise, Lech now has 3 trillion in funds. You can imagine that if such a large amount of capital is leveraged, not too much, as long as 10 times the leverage is 30 trillion yuan. If all this money flows into society, what will be the consequences?"

"The consequence is that all people will consume ahead of time, and in order to release all the money, Lech Financial will continue to lower the threshold for loans, and the rate of bad debts will continue to soar, so that those who have purchased securities Human blood has no return, and for Ma Yu, it doesn't matter, because it is other people's money that is losing, but all the money earned is his."

"In order to avoid this from happening, many consuls headed by Lei Lao stopped the listing of Lech at the Tiandu Conference, but Ma Yu, the richest man, is not in vain. Now he is launching various relationships to promote Lech. Lei Lao will not be able to stop the re-listing for too long, as short as half a year or as long as one year. Lech will inevitably be listed again, and no one will be able to stop this giant beast from devouring the wealth of the entire society."

Qin Jian nodded and said, "What do you have to say?"

Wang Feng said solemnly: "What I told you, you must all understand. Although Mr. Lei is now pushing for the introduction of various regulatory policies and will supervise the leech layer by layer, the benefits sometimes deceive a lot. People’s eyes, especially those who only care about short-term benefits, don’t care about how much harm will be caused to Kyushu after a systemic risk occurs. They only care about how much money they can make."

"Therefore, we must prevent the listing of leech before the regulatory rules are formulated and perfected, so we need your help."

Qin Jian said solemnly: "I'm just a businessman, how can I help?"

Wang Feng said: "It's very simple. We hope you can enter the e-commerce industry and get rid of Mayu's foundation. Without e-commerce business as the foundation, Lech would not have such a big credit endorsement, and there would not be so many people. I will buy various securitized funds of Lech."

Qin Jian froze for a moment. He was very clear about what Wang Feng said before. What he did was to lend usury to the poor. There is no essential difference from bank lending. However, one faces high-quality assets and the other faces low-quality assets. That's right, personal loans are inferior assets to banks. What Wang Feng said is true, but there are some exaggerations. Lech's ability is not so defying, otherwise it will not be stopped.

Now that the listing has been suspended, it is impossible for him to relist until the regulatory regulations are perfected. Now letting himself enter the e-commerce industry is nothing more than trying to make Ma Yu’s backyard fire and let the people on Lei Zhengsheng’s side Have greater bargaining chips.

And he can be regarded as a thunderous person, and I really have to help with this favor.

Qin Jian nodded and said: "I can enter the e-commerce industry, but I can't guarantee that the Thieves Group will be killed, but there should be no problem with half-disability."

When Wang Feng heard the words, he laughed and said, "Qin Jian, let alone half-handicapped, as long as you can make him catch a fire in his backyard, Lei Lao will be very happy."

Qin Jian smiled and said, "Help me tell Lao Lei, I will do my best."

Wang Feng nodded and said: "Okay, you can go ahead and do it boldly, don't have any scruples, you will be supported by Lei Lao."