“I work at a bank, and I can tell you that this interest rate is indeed very high, even higher than the interest rate for bank time deposits, and this is for current accounts.”
"Look, there's another one here: the money stored in Huasuanbao can be used directly to pay for goods on Douyin Mall and Pinduoduo."
"Wow...that's amazing! What's the point of keeping mine in the bank? It doesn't earn much interest anyway. I might as well just put it in Huasuanbao. I can withdraw it anytime."
"Hey bro upstairs, you're so brave! I'm still a little scared. I'll try depositing 10,000 first."
In reality, the majority of netizens are indeed like the second type, selectively depositing a small amount of money to try it out and see if it's as good as advertised.
After depositing the money, you have to check it every day to see if your money is still there.
A few days later, everyone discovered that not only was the money still there, but it had also increased. They had saved 10,000 yuan and were earning 1.6 yuan a day.
That's some serious profit!
You should know that in a bank, the daily interest on a 10,000 yuan demand deposit is only about 10 cents.
Huasuanbao's rates are a full 16 times higher than those of banks!
What are you waiting for? Hurry up and withdraw the money from your bank account and put it in Huasuanbao!
The significant decrease in bank deposits has truly struck at the heart of these banking capitalists' livelihoods.
They gritted their teeth and began to gather together to come up with a solution.
"This payment method is outrageous! Why can't we just shut down those incompetent officials?"
"Heh, you want to go? The Chinese government has spoken: anyone who dares to use Huasuan Pay without proper authorization will be killed."
"Oh my god... How can this be allowed in China? They even have to call the parents in?"
"Forget about using those old methods. Let's think about some new ones."
"As far as I know, Huasuan Pay, as a third-party payment software, is not qualified to engage in wealth management. This is already illegal, right? If we use this reason to criticize it, the Chinese government can't say anything."
"Great idea!"
Soon, officials from both South Korea and South Korea sent people to investigate the two countries' branches of Huasuan Payment, but they returned dejectedly in less than an hour.
"Wait, what's going on? Why didn't you block Huasuan Pay?"
"What's the point of blocking them? The other party has all the necessary permits and everything is legal and legitimate. Do you think I would dare to block them?"
"Legal and reasonable? Are you crazy? Third-party payment apps aren't allowed to offer financial products."
"Hehe, that's not something Huasuan Pay does itself, it's something other banks sell on Huasuan Pay."
"Which bank is so fearless? Instead of uniting against the enemy at this crucial time, they're actually siding with them?"
"Celestial Empire Bank Overseas Branch!"
"Ahem, sorry, I was speaking too loudly just now."
This bank is someone no one dares to mess with. They may have money, but this bank has guns!
However, they heard a key word in the official statement.
Reseller!
As a result, these bank capitalists began to have their own ulterior motives, all thinking of secretly seeking cooperation with Huasuan Payment to list their own bank's wealth management products for sale.
But we can't let other banks participate, since we're all banks and are competitors. This alliance was only formed temporarily to counter Huasuan Payment.
Then, these banking capitalists gathered again for a meeting.
"The officials said that the financial products offered by Huasuan Pay have compliant and legal procedures, so we can't use this method to deal with them for the time being. Everyone, think about whether there are any other methods."
This time, everyone fell silent.
The silence wasn't because no one had any options, but because everyone already knew the official information and was now pursuing their own agendas.
If we're going to partner with Huasuan Payment, then attacking it now would be pointless and might even cost us the opportunity. But I can't be such an obvious traitor, so the best course of action is to remain silent.
The entire room was deathly silent; no one spoke, as if this was the most difficult question in the world.
"Well, since that's the case, everyone should go back and think it over. If you have any ideas, just come and discuss them with me."
The speaker was Taro Sato, the chairman of the Tokyo branch of Mitsubishi Bank, a well-known figure in the banking industry.
After the meeting, Sato Taro pretended to answer a phone call and then left in a hurry.
What he didn't know was that he wasn't the only one who left; everyone else had also left under various pretexts.
Taro Sato arrived at the garage, where his secretary was already waiting.
"Are all the materials ready?"
"I'm ready, Chairman. The investment product we've chosen this time is similar to Huasuanbao, except that the interest rate is a little lower."
"Huh? Why is it cheaper than Huasuanbao?"
“After repeated calculations, we found that Huasuanbao’s 6% annual interest rate is being sold at a loss. If we do the same, we will also lose money, and the more we sell, the more we will lose.”
Taro Sato frowned.
This Huasuan Pay is really crazy; it actually loses money investing. It's bound to bankrupt itself.
But if the interest rate isn't advantageous, even if you list your own products there, there won't be any sales. Wouldn't that be like asking for help for nothing?
He gritted his teeth.
"We've increased it to 6.5%!"
"Huh? President, is that too much? 6.5%? We don't even have products with such high interest rates in our own bank!"
"Our most important task right now is to reach a cooperation agreement with Huasuan Payment. This wealth management product will be available for limited purchase, so the loss won't be too much. We can also sell other wealth management products in conjunction with it, so we won't lose money."
"Wow, President, you really are a genius!"
Sato Taro's lips curled into a sly smile.
"Let's go, let's set off now and go directly to the overseas head of Huasuan Payment."
When Sato Taro arrived at the Xiao Rizi branch of Huasuan Payment, he found that the area downstairs was already completely blocked.
There was no other way but for the driver to park the car a little further away.
As soon as Sato Taro went upstairs, good heavens, it was full of the people who had just been discussing how to deal with Huasuan Pay. They were just united in their hatred of the enemy, but now they were all secretly coming over to ask for cooperation.
Everyone looked at each other, and the scene became quite awkward.
Fortunately, Zhang San finally finished his work and came to the reception room.
"Hello everyone, my name is Zhang San, and I am the person in charge of Huasuan Payment at Xiaorizi."
"Oh, Mr. Zhang, hello. I'm Taro Sato from Mitsubishi Bank..."
"I'm from the Bank of Tokyo..."
"I'm from Rakuten Bank..."
Continue read on readnovelmtl.com
