A week later, Huasuan Pay underwent a major update.
This update announcement surprised everyone.
"What? The Korean district and the Little Days district are merging?"
"My goodness, is this allowed?"
"Come on, I'm older, so let me explain this to you. Normally, this kind of behavior isn't allowed, but the investment we're making on Huasuan Wealth Management is essentially investing in virtual currency, so it's fine. It's like buying Bitcoin; you can freely buy and sell Bitcoin anywhere in the world."
"I see, so be it."
"No wonder, we can't withdraw money from our accounts anymore."
"That's definitely not going to work. To put it bluntly, it's all about virtual currency now."
This time, Huasuan Wealth Management offers a total of five products: Huasuanbao, Mitsubishibao, Zhuyoubao, Youchubao, and Bangzibao.
The yields also vary, with Mitsubishi having the highest at 7%.
Lard Treasure, Postal Savings Treasure, and Bangzi Treasure followed, at 6.5%.
Huasuanbao offers the lowest rate, only 6%.
China Bank: You guys fight it out, I'm not going to join in. I'll just be there for the fun.
After the overseas version of Huasuan Wealth Management was officially updated, ordinary people in South Korea and China didn't react much. Anyway, it's still the same as before, and they can still buy Huasuan Wealth Management's high-yield products.
Are the bank capitalists who haven't partnered with Huasuan Wealth Management feeling panicked?
A large number of users and deposits have been attracted away by the attractive financial products.
Even if they can't withdraw the money, people don't care, since they can still spend it anyway.
Every month I need to buy some daily necessities, such as toothpaste, shampoo, shower gel, tissues, etc.
Although this expense is not much each month, it cannot be avoided.
Now there's a new option: deposit some money in a cost-effective investment platform and use the interest earned each month to buy these daily necessities.
Who can resist the joy of getting something for free?
Samsung Bank, Mitsubishi Bank, Sanjin Zhuyou Bank, and Postal Savings Bank of China—these four banks are raking in the profits, and even the Chinese banks, which originally just wanted to watch the show, have gotten a piece of the action.
Mitsubishi Bank quickly captured the South Korean market due to its highest yield, successfully joining the ranks of top-tier banks in the small-scale consumer market.
It was the first of the three banks to successfully take over.
This made the Three Pounds of Pork Oil Bank and Postal Savings Bank extremely envious, so they also started to work hard and raised their yield to seven percent.
Samsung Bank was a bit confused. What was wrong with these three guys? Why were they fighting like this? Did they have too much money to handle?
However, as Samsung's market share in South Korea dwindled, Samsung Bank began to take action.
No way, you guys really have no sense of morality. Don't you see that the Celestial Empire is sitting firmly on its throne? You're all jumping around, grabbing market share everywhere, acting like you have too much money.
Mitsubishi Bank, Three Pounds of Pig Oil Bank, Postal Savings Bank: Hey, you're right, we just have a lot of money, and having a lot of money means we can do whatever we want.
Samsung Bank thought, "How could we tolerate this? Samsung has never lost to anyone when it comes to having more money."
So, gritting my teeth and stamping my foot, I went from 6.5% to 8%! No more talk, just do it!
This made the Koreans and ordinary people extremely happy. Charge! They're picking up money!
Seeing this situation, Lin Chen felt that both the Koreans and the Chinese had to increase their returns to an unprecedented level. This was no longer a matter of money, but a conflict between nations!
So Lin Chen quickly took out his phone and called Minister Wang.
"Minister Wang, right now the banks of Huasuan Wealth Management overseas version are fighting tooth and nail with Korean and Xiao Rizi banks. Why don't we open a loophole and let our Chinese people make a quick buck too?"
"Hmm? Isn't this against regulations?"
"Actually, there's nothing wrong with it. Ordinary people use Douyin coins to buy wealth management products, not real currency, so it's just a game."
Minister Wang on the other end of the phone looked at Old Huang, who was drinking tea.
Seeing that Old Huang nodded with a smile, he replied.
"Then let's do this once and make sure to oversee things properly and not disrupt the domestic market."
"Don't worry, don't you trust me to do things?"
Minister Wang's lips twitched. "It's precisely because it's you that I'm worried. You really have no self-awareness at all."
"Alright, alright, get lost."
After hanging up the phone, Minister Wang looked at Old Huang.
"Old Huang, are you letting this kid do such reckless things? Won't something bad happen?"
"It's okay. Think about it from a different perspective. It's just that Tencent gave everyone ten coins, and these coins were picked up from somewhere else. What impact could that have?"
"That's true, but I'm worried that this kid will cause trouble again. I thought he would behave himself after Cui Dacheng was arrested last time, but well, he went straight for something big and dragged the whole family down with him."
"Hahaha, this kind of unpredictable attack is the key to victory. You know, a flurry of punches can beat a master. Otherwise, if we were to fight that old codger from the Samsung Li family, Lin Chen might not be able to outmaneuver him."
After receiving Minister Wang's approval, Lin Chen went to Zhang Yiming's office.
"Old Zhang, hurry up, integrate our domestic payment platform with the international version, so that our Chinese people can also make a profit."
"Huh? Boss, will the authorities approve this?"
"I just spoke with Minister Wang on the phone, and he agreed!"
"666, boss is awesome!"
"When you upgrade, please note two things. First, Chinese users who want to purchase products from the overseas version of Huasuan Wealth Management can only do so by purchasing Douyin coins. Second, please be sure to verify the identity information of Chinese users to see if they are foreigners impersonating them. Once discovered, the account will be banned immediately."
"Okay, boss, I'll go right away."
The following day, Huasuan Pay's domestic version released an update announcement.
The announcement indicates that users of the domestic version of Huasuan Pay can currently purchase wealth management products through the overseas version of Huasuan Pay, but only in the form of Douyin coins.
Initially, many users in China did not understand the purpose of this update. In China's cost-effective wealth management platform, any bank can register and then independently list wealth management products.
With so many products to choose from, why bother with the overseas version? I heard the overseas version only has five products, which is really unnecessary.
However, Chinese users immediately sent screenshots of the five overseas versions of the products to the domestic market.
Domestic users were stunned when they saw it.
What's going on? The lowest return is 6%, and the highest is 8.5%!
Yes, banks that are struggling to make ends meet have raised their yields again, this time by the "Three Pounds of Pork Oil Bank," because it also wants to be among the top-tier banks.
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