Chapter 491 Seven Major Groups

On March 24, the noise from Weibo Night, the entertainment industry’s grand ceremony, had not yet completely dissipated.

The heart-pounding confession by the richest man Song Ci, which ignited the entire Internet, is still at the top of the hot search list and is talked about by people.

But at this moment, all this has nothing to do with him.

The honeymoon itinerary with Liu Shishi has been finalized, and he has to arrange several key tasks of the company before the trip.

In the Science and Technology Building, the conference room is brightly lit, and outside the huge floor-to-ceiling windows is the waking skyline of the city.

The participants had not yet arrived. Zhang Yong was talking in a low voice with Wang Jing. Wu Yi, president of the WeChat business group, would occasionally interject a joke, causing a few people to laugh.

Song Ci occasionally joined in and said a few words, creating a harmonious atmosphere in the room.

"Sorry, Mr. Song, I'm late." Yifutong President Lin Haifeng hurriedly pushed the door open and apologized.

Song Ci raised his eyes and nodded lightly, not caring: "Sit down. I asked you to come over on the weekend. Thank you for your hard work."

Secretary Jian Ning served hot tea and waited for Lin Haifeng to sit down. The emergency meeting of five people began.

"Take a look at this document first." Without any unnecessary greetings, Song Ci directly pushed a not-too-thick document at hand to his subordinate.

Lin Haifeng hurriedly took it and glanced at the cover. In an instant, his pupils contracted sharply and a huge wave of emotion rose in his heart.

The bright red bold title of the document suddenly caught my eye:

Report on the Application for Pilot Establishment of China's First Internet Commercial Bank

He suddenly looked up and his eyes quickly swept over Zhang Yong and Wang Jing opposite him, as well as Wu Yi beside him.

The three of them looked normal, and Wang Jing even smiled at him.

Obviously, they were already aware of the contents of the report. In today's meeting, he was the only "newcomer" who was suddenly informed of the major strategy.

A huge shock surged from the bottom of my heart, mixed with disbelief and vague excitement.

Taking a deep breath, Lin Haifeng suppressed his turbulent emotions, and his gaze returned to the document, reading every word extremely carefully.

1. The Current State of my country's Financial System and the Financing Challenges for Small and Micro Enterprises: ... Traditional banks are limited by branch network and labor costs, insufficient risk identification capabilities, and operational efficiency constraints, making small loans uneconomical for banks...

2. Transformative opportunities brought by internet technology: With the rapid development of internet technology, especially the maturity of big data analysis, cloud computing, and artificial intelligence...

Hundreds of millions of Internet users generate massive amounts of online behavior data, transaction data, and social relationship data. These data provide a foundation for innovative financial risk assessment models.

3. National policy orientation and financial reform opportunities: …In 2012, the China Banking Regulatory Commission issued the “Implementation Opinions on Encouraging and Guiding Private Capital to Enter the Banking Industry.”

The background analysis was profound and thorough, directly pointing out the pain points and opportunities. Lin Haifeng unconsciously slowed down the page turning speed. The second chapter was "Tengda MyBank Overall Plan".

1. Positioning and Mission: MyBank will be positioned as a new type of commercial bank operating entirely on the internet...

2. Core business model: Small deposits and small loans... Unlike traditional banks, we will not have branches, operate cash transactions, or engage in traditional offline transactions such as checks and bills..."

Every word is precious, and the blueprint is grand and subversive.

Lin Haifeng's brows were sometimes furrowed in deep thought, and sometimes relaxed slightly when he saw something subtle.

Flipping through the pages, the feasibility study data is solid and the implementation steps are clear and meticulous.

When he finally closed the last page of the document, he let out a long breath, as if to slowly exhale all the shock he had just inhaled.

"Have you finished reading it?" Song Ci put down the teacup and said in a gentle voice, breaking the silence.

Lin Haifeng nodded heavily: "I've finished reading it."

After a pause, he sighed sincerely, "Mr. Song, this is really a big deal. Internet banking is unprecedented!"

At the same time, a vague and alarming premonition quickly formed in my mind.

Song Ci's eyes were as calm as water, and his tone remained gentle: "Haifeng, I have discussed with Mr. Zhang and Mr. Wang. You are the financial business expert in Tengda Group. Internet banking and Yifutong are of the same origin and have many similarities."

After a brief pause, his tone rose a few notches. "We hope you can take on the responsibility of establishing MYbank. You will also be its first CEO. What do you think?"

As soon as the words fell, all eyes focused on Lin Haifeng.

Although he had a premonition, when the chairman said this clearly, the weight of it still made his heart sink.

This is an unprecedented challenge and a unique opportunity.

There was almost no need to weigh the pros and cons; his career instinct and trust in the young helmsman in front of him made him make the decision instantly.

Meeting the chairman's expectant gaze, he sat up straight and said in a resounding voice, "Mr. Song, thank you and the group for your trust! I'm willing to give it a try and will do my best to run MyBank successfully for the group!"

"Good!" Song Ci's face showed an appreciative smile, and he praised it without reservation.

Then, his expression straightened and the conversation turned to a more pragmatic tone: "Haifeng, there are a few important things, please take note of them."

Lin Haifeng immediately opened the notebook at hand, picked up a pen, and waited attentively.

Song Ci pondered for a moment before arranging the work in detail: "This report will be formally submitted to the People's Bank of China and the China Banking Regulatory Commission next week to apply for pilot qualification.

There are two key points that you must personally focus on and push forward with all your might.”

“First, it is remote account opening.

This is crucial for MyBank's ability to achieve fully online operations. We are formally requesting regulatory approval to explore secure remote account opening methods based on cutting-edge technologies like facial recognition and big data cross-verification.

The fundamental challenge of identity authentication in internet banking must be resolved while ensuring absolute security."

“Secondly, it is access to the credit reporting system.

We have officially issued a document requesting access to the People's Bank of China's credit reporting system, allowing MyBank to legally and compliantly query and use credit data, which is the cornerstone of our risk control model."

"Understood! These two points are crucial. I will immediately form a special team to follow up." Lin Haifeng quickly took notes and responded in a deep voice.

At this point, Song Ci's voice lowered a little, revealing a hint of confidence:

"I have already reported the establishment of MyBank to the relevant leaders in advance. The initial feedback is positive, and there will be no major problems in getting the pilot qualification approved."

After reassuring his subordinates, he continued, "Once the banking license is approved, we need to seize the initiative. The time window is very tight.

Within one month, the company registration and the establishment of the core team framework must be completed;

Within 2 to 3 months, the core banking system development must be initially completed, the internal management system framework must be established, and the data platform construction must be initiated;

4 to 5 months to complete the testing of key functional modules, achieve integration with core ecosystems such as WeChat Pay, and simultaneously initiate large-scale employee recruitment and training;

After 6 to 7 months, the system entered a comprehensive testing phase, with continuous optimization and iteration of the risk control model in preparation for regulatory approval for opening.”

Lin Haifeng wrote quickly, and the tip of his pen made a rustling sound as it moved across the paper.

Every time point was like a military order, and the heavy pressure came upon him, making him unconsciously tense his nerves.

Song Ci noticed the tense state of his subordinates, so he slowed down his tone and comforted them, "Haifeng, don't be too nervous.

After a lot of preliminary research, demonstration and preliminary technical reserves, Mr. Zhang, Mr. Wang, and Wu Yi have led the team to complete preparations.

From now on, all the group's resources will be tilted towards you, and each department will fully support you. The technical backbones and business experts you need will also be assigned with the highest priority."

Hearing that everything was ready, Lin Haifeng breathed a sigh of relief.

He calmed himself, put the cap back on, and said solemnly, "I understand. Please rest assured, I will complete the task!"

Then, he remembered a key question and asked cautiously, "Mr. Song, according to regulatory regulations, a single shareholder of a domestic private bank cannot hold more than 30% of its shares.

This means the group can only hold a maximum of 30% of the shares. Have you made arrangements for the remaining 70% equity structure?

This issue is crucial, as the strength and credibility of shareholders are directly related to the stability and market recognition of this new bank.

Zhang Yong, Wang Jing and Wu Yi also turned their attention to Song Ci again. Regarding the shareholders of MyBank, the chairman was very tight-lipped and had not revealed anything before. Now they were all waiting for his answer.

Song Ci was clearly confident. With a slight smile, he spoke clearly, "In addition to Tengda Group holding a 30% stake, making it the largest founding shareholder and main sponsor, I have initially contacted and obtained interest from six other top companies."

"Huawei will serve as a strategic investor, holding a 20% stake and becoming the second largest shareholder.

In addition, New Hope Group, Xiaomi Technology, Haier Group, Wanda Group, and Fosun International each hold a 10% stake.

Tenda, Huawei, New Hope, Xiaomi, Haier, Wanda, and Fosun are the seven founding shareholders of MyBank.

Song Ci's heart was surging, and his eyes swept over the several confidants present with burning intent.

This list of shareholders is an alliance he carefully constructed. Except for Huawei, which is a long-term and steadfast strategic ally, the other five groups are all giants in their respective fields.

Not only does it have strong capital, but it also brings a huge user base, a rich industrial ecosystem and unparalleled brand reputation.

Tying them all to Tengda's carriage heading towards the financial future has strategic significance far beyond the funds themselves.

Seeing that the chairman had completed the most difficult strategic layout and resource integration to such an extent, the huge stone of shareholder pressure in Lin Haifeng's heart suddenly fell.

At this moment, I realized that although my mission was to explore, I was not fighting alone, but standing on a powerful platform that had already been formed.

"I understand." Lin Haifeng's voice was filled with unprecedented confidence and enthusiasm. "Director Song, I will come up with a detailed construction plan and timetable as soon as possible."

As the meeting entered the stage of discussing more specific details, the sunlight outside the window gradually became brighter and more blazing, outlining every focused figure in the conference room with incredible clarity.

A new type of bank that is about to shake up the traditional financial landscape actually took its first step on this quiet weekend morning in this top-floor conference room.

The important task of setting up Ant Financial Services Group has been finalized. Lin Haifeng took the order and left with excitement, and the focus of the meeting room also shifted.

Song Ci retracted his gaze from the document and said to Zhang Yong, Wang Jing, and Wu Yi, "The bank matter has been taken as the first step.

However, finance and payment are two sides of the same coin. No matter how ambitious a bank's layout is, it still needs payment scenarios to absorb traffic."

After saying this, he tapped the table with his fingertips, his voice steady but with unquestionable driving force: "WeChat payment, red envelopes, and transfers, the basic functions of these three payment systems are already complete.

The next key battle is to capture all available payment scenarios.”

After a pause, he said, "I'm not worried about the development of large supermarkets and chain stores. But I have emphasized many times that we must not relax in the small-amount, high-frequency payment market."

What he was referring to were those tiny corners that permeate every capillary of the city, breakfast shops, fruit stalls, snack bars, tobacco and alcohol shops... a huge network composed of tens of millions of individual industrial and commercial households.

The amount of a single transaction may be insignificant, but when combined, it becomes a river of funds that flows every day, containing huge traffic and financial potential.

Wu Yi quickly reported: "Mr. Song, the ground promotion team has been stepping up its efforts, and a huge amount of manpower and material resources have been invested.

But the reality is that the national merchant base is too large and geographically dispersed, so we can only rely on manpower to tackle them one by one, which does take time.”

"Too slow." Song Ci shook his head slightly. There was no blame in his tone, only dissatisfaction with the progress and a desire for a faster speed.

"The speed at which ants are gnawing at the market can't keep up with the changes in the market structure. Alipay is keeping a close eye on WeChat Pay and must find a more efficient and penetrating method."

There was a brief silence as everyone fell into thought.

At this time, Zhang Yong pushed up his glasses and suggested: "Mr. Song, Mr. Wu, can we use the power of the 'Today's Best' delivery riders?

They walk through the streets and alleys every day and have the highest frequency of contact with small and micro businesses, making them natural promotion points.

We can design a mechanism that allows riders to recommend WeChat Pay to merchants when picking up and delivering goods.

For every successful promotion, the rider will receive an additional reward. For them, it is a simple effort to earn extra money, so they should be very motivated.

Song Ci's eyes suddenly lit up, and he obviously appreciated this "borrowing someone's strength" plan very much.

Without hesitation, he immediately decided: "This is a great idea! It fully utilizes our own ecological advantages. Riders have a foundation of trust in daily communication, the promotion resistance is small, and the cost is controllable."

He turned to Wu Yi and gave a clear instruction, "Wu Yi, your WeChat Pay team will be in charge of this matter.

Immediately come up with a detailed implementation plan and reward budget, and contact Jinri Youxuan directly to coordinate the implementation. The reward money will be paid by WeChat Pay.

"Okay, Mr. Song! I'll do it right after the meeting!" Wu Yi had already started thinking about the incentive policies and docking procedures in his mind.

As several key issues were finalized one by one, the tense atmosphere in the meeting room gradually dissipated and became relaxed and lively.

Song Ci leaned back in his chair, the stern work expression on his face melting away like ice and snow, replaced by a rare gentle smile, and said in a light tone: "Okay, we have almost finished talking about business.

Finally, I'd like to inform you that Shishi and I plan to go to Iceland for our honeymoon in April. I'd like to ask Mr. Zhang and Mr. Wang to take care of all the group matters during this time."

Zhang Yong smiled upon hearing this and responded sincerely, "Don't worry, Mr. Song. Just enjoy your time alone with your wife. We'll be keeping an eye on the group, so nothing will go wrong."

The Icelandic aurora is at its most beautiful this season. I wish you and your wife a wonderful journey.

(End of this chapter)