Chapter 654: One policy for each bank? Then I want the best policy! What can they use to catch up with the accumulation of three generations?
As soon as Chen Yansen finished speaking, the huge conference room suddenly became so quiet that you could hear a pin drop.
Ping'an's Ma Zheming frowned and tried to wink at Chen Yansen, thinking to himself: You usually look smart, why did you make such a fool of yourself today?
Ma Wenteng secretly exclaimed "Awesome"!
In fact, he was very dissatisfied with the pilot policy of private banks, but he did not dare to get angry in person and could only curse behind their backs.
There is no sincerity at all. It is obvious that they want to use Senlian, Penguin and Ali as toilet paper and get rid of them with some leftovers.
Damn it, I’m not a dog!
Xiao Ma Ge also wanted to follow Chen Yansen's example and say a few words to Zhao Binhai, but he was afraid of being retaliated against afterwards, so he had to endure it.
Ma Liyun was stunned, as if he was meeting Chen Yansen for the first time.
In his eyes, Chen Yansen's style of doing things has always been calm, introverted and extremely scheming. Only a young and inexperienced person would dare to say something like that.
The CEOs of Fosun, JuneYao, Chint, Huafeng, Huabei and Maigou were secretly delighted but did not dare to show it.
Zhao Binhai looked mischievous, with a hint of coldness flashing in his eyes.
He mentioned Chen Yansen's name originally because he wanted to see how good the world's richest man was at flattering him, but who would have thought that the other party would not give him any face at all and belittle the pilot work of private banks as worthless.
good!
Very good!
It would be great if Chen Yansen could get some scraps from the big cake of the banking industry. Where does he get the courage to be so picky?
Who gave him the confidence?
Thinking of this, Zhao Binhai turned slightly to observe Li Qingsong's facial expression.
The corners of his lips lifted slightly, a faint smile on his face.
Really?
Zhao Binhai was shocked, the anger in his eyes suddenly subsided, and he began to have wild thoughts.
He had a vague feeling that Chen Yansen's words were most likely instructed by Li Qingsong.
At this moment, he suddenly remembered his assistant's reminder: "Boss, Li Qingsong and Chen Yansen were chatting alone in the lobby on the first floor for about eight minutes."
Eight minutes...
This time is enough to explain a lot of things!
The three bosses from the Securities Association, Insurance Association and Economic Development Association saw that Zhao Binhai was publicly rebuked but did not say anything for a long time, and they could not help but think deeply about it.
Why open a private bank?
It's nothing more than the big guys above who believe that traditional banks occupy a lot of resources and funds, but have made no progress in the research and development and application of financial technology. They can only absorb deposits and make loans, resulting in poor market activity and slow development of the financial industry.
The first batch of five private banks are the five "catfish" selected above, forcing traditional banks to accelerate digital transformation and product innovation, and then promote the implementation of big data credit reporting, artificial intelligence risk control, online customer acquisition and blockchain technology in the financial field.
But the problem now is that there is too little "meat" to be distributed!
You want the horse to run, but you don’t want it to eat grass!
Is this reasonable?
Zhao Binhai took a deep breath and replied calmly, "Mr. Chen has misunderstood 'One Bank, One Store'. This policy isn't a restriction, much less a punishment. It's a protective constraint and strategic guidance."
He paused and continued, "After decades of development, large state-owned banks and national joint-stock banks have already established a large number of physical outlets throughout urban and rural areas across the country. Their brands are deeply rooted in the hearts of the people and they enjoy high customer trust.
If private banks were to engage in "branch-to-branch" competition with them, it would be like throwing an egg against a rock, requiring astronomical investment and having no chance of success. The association is doing this for your own good, to avoid wasting financial resources and ineffective internal competition in the industry."
Zhao Binhai spoke clearly and logically, and his face showed a concerned look as if he was saying, "I'm afraid you can't beat traditional banks."
What this means is that private banks are like newborn babies, relatively fragile in terms of risk control models, management experience, and capital strength.
If blind expansion of offline networks is allowed, it is easy to lead to business failure due to poor management and uncontrolled risks.
"Since we are introducing private capital, we shouldn't impose too many restrictions on it. We should at least ensure a fully competitive environment. Otherwise, the pilot program will lose its original purpose."
Chen Yansen looked at everyone and said meaningfully.
Who among those who can sit in this room is not a smart person?
Everyone knows the purpose of the private bank pilot program.
If traditional banks are on one track and private banks are on another track, and their businesses do not have much overlap, then what is the point of the pilot?
The strategy of Zhao Binhai and others is to allow private banks to achieve the best results within the designated track first, and then use the results to strive for a wider track after proving their value and safety.
But Chen Yansen knew these people. Some holes were hard to open, but after a few years, the holes would become smaller and smaller, and might even be blocked again.
Is it fun to wipe someone's butt?
Chen Yansen was too lazy to mess around, so if he was going to do something, he would do it on a big scale!
Don’t talk about safety issues, there is a regulatory mechanism.
"We can discuss the specific details later. After all, I said in advance that for private banks, we need to adopt a differentiated supervision and a bank-specific policy framework."
Zhao Binhai used Tai Chi and chose to skip this question.
One policy for each industry?
Ma Wenteng repeated a few sentences in his mind, and immediately mustered up the courage to become Chen Yansen's "follower". But before he could open his mouth, he heard Li Qingsong say:
"After listening to the discussion, I did find some problems. Private banks have structural flaws. They are entrusted with the mission of using market-based means to serve areas that traditional finance has not covered, but they are not given the tools to compete on an equal footing with traditional financial institutions, especially the ability to attract deposits at low cost. This is unfair and unreasonable."
After hearing this, some people suddenly realized and thought to themselves: Chen Yansen is indeed the messenger pushed by Li Qingsong!
No wonder he is so arrogant!
But they couldn't understand why they didn't debate it before the pilot plan was proposed, but instead overturned the table in public at this time.
It was not until someone saw Li Qingsong's calm demeanor that they suddenly realized: This was not a spur-of-the-moment idea at all. He had clearly planned long ago to use this meeting to expose the "structural defects" of the private bank pilot program, forcing all departments to express their views on the spot and cut off the possibility of subsequent "dragging their feet".
A thin layer of cold sweat instantly broke out on Zhao Binhai's forehead. The words he had prepared were stuck in his throat and he couldn't utter a single word.
He finally understood that Chen Yansen's toughness was not a mistake, but because he had Li Qingsong's support behind him.
His own "protective constraints" turned out to be a wrong view and a wrong direction in the face of the conclusion that they were "unfair and unreasonable."
"Mr. Li is right."
The head of the Securities Association was the first to speak out, taking over the topic and saying, "Private banks need to serve small and micro enterprises, agriculture, rural areas and farmers, which are traditional financial blind spots. The risks themselves are higher than ordinary loan business.
If they can't even attract deposits at low cost and can only rely on high-interest financing, they will only increase their own risks. Ultimately, not only will they not be able to serve the real economy, but their survival will be in doubt."
The head of the Insurance Association echoed this.
Anyway, there is no loss of benefits for them.
The head of the Economic Development Association nodded and said, "Senlian Capital has multiple sectors including technology, new energy, and e-commerce. Can its private bank be allowed to engage in 'supply chain finance' around the industrial chain?
Penguin has social traffic, so can we relax the restrictions on its online customer acquisition? I think the differentiated policy details need to be determined now, otherwise the pilot program will continue to follow the old path.
Zhao Binhai was driven to the brink of retreat by this barrage of questions. He finally gritted his teeth and said, "After the meeting, I'll work with the various associations to develop specific 'one bank, one policy' guidelines based on the strengths of each private bank's pilot program. I'll strive to produce a draft within a week."
After he finished speaking, he secretly looked at Li Qingsong, and when he saw that the other party's expression relaxed a little, he secretly breathed a sigh of relief.
Ma Wenteng sat in the audience, feeling both surprised and delighted.
He was still hesitating whether to follow Chen Yansen in "making trouble", but now with Li Qingsong's support, he had no more worries and immediately said:
"Penguin's advantage lies in its social and online ecosystems. If restrictions on online deposit collection can be lifted, we can use the 'social scene + small amount financial management' model to attract young users, which can not only reduce deposit collection costs but also provide precise services to small and micro business owners.
After all, we have millions of merchants on our platform, and we have all their business data, so our risk control is also guaranteed to a certain extent."
Seeing this, Ma Liyun stopped being silent and said loudly: "Ali has experience in cross-border e-commerce and consumer finance. We hope to be allowed to do 'cross-border payment + supply chain loan' to help small and medium-sized foreign trade companies solve capital turnover problems.
Traditional banks offer slow approval processes for cross-border loans and low loan amounts, but Ali, with its big data support, can disburse loans faster and minimize operational risks."
Wang Junjin, Zhou Jiancheng and others spoke out one after another, and the demands that had been hidden before were now put on the table.
They are not fools!
Li Qingsong and Chen Yansen had torn the crack open, so naturally they wanted to make it bigger.
You know, the bigger the opening, the higher the profit you can get!
"This kid is interesting."
Li Qingsong looked at Chen Yansen and commented secretly.
Two hours later, all the topics on the morning agenda were finally planned. The core work for the next two days was to communicate the specific details around these topics.
After the morning meeting ended, everyone left one after another.
Ma Wenteng took a few quick steps and quickly caught up with Chen Yansen. He patted his shoulder and whispered, "Mr. Chen, this move of yours is a bit risky! Although you have Mr. Li's support, you're always afraid of settling accounts afterward."
Chen Yansen continued walking as he whispered, "Three of the four major associations have received Mr. Li's approval. Essentially, this is a division of authority within the banking association."
After hearing this, Ma Wenteng seemed to be thinking about something and vaguely understood the hidden game behind this confrontation.
At the same time, the chairmen of Fosun, JuneYao, Chint, Huafeng, Huabei and Maigou, including Ma Liyun, also came over and took Chen Yansen to a nearby hotel for lunch.
Firstly, it was to express gratitude to Chen Yansen;
Secondly, it is also out of respect for other people's connections and networks.
Not every private entrepreneur is qualified to travel overseas with a delegation, and not everyone has the opportunity to be Li Qingsong's messenger.
Chen Yansen is only 22 years old, but he has strong ability and a solid background!
Of course I have to make friends!
…
…
The Semiconductor Association on the other side of the ocean breathed a sigh of relief when it learned that Star Source Technology's R&D work had come to a standstill.
Mark, the head of Micron, curled his lips in disdain and said, "They were able to master the polishing and coating process for aspheric mirrors, most likely just luck. We have accumulated decades and three generations of technology. How can they catch up?"
Saigao's CEO, Eric, slammed his coffee cup on the table and scoffed, "Shit luck? I think they simply haven't grasped the fundamentals of high-precision optical systems! Aspheric mirrors are just the basics. The nanometer-scale speed control of magnetic levitation motors and the vacuum sealing technology of air bearings—each of these wasn't a formidable feat we spent tens of billions of dollars on and 20 to 30 years to master."
The atmosphere in the conference room instantly became relaxed, and the nerves that had been tense due to the rapid breakthrough of Xingyuan Technology were all relaxed at this moment.
The head of Intel smiled and opened a bottle of champagne to celebrate.
(End of this chapter)
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