But just as it was raised to seven, Samsung came out and raised it to eight.
Hey Samsung, you're not going to give me any face, are you? What's wrong with letting me gain some market share? Don't you understand the importance of doing me a favor?
Okay, then I'll take 8:50!
This yield immediately made it the highest-yielding flexible deposit and withdrawal wealth management product in the history of both countries.
This made Chinese users restless. What were they waiting for? If they were any slower, they would miss out on the opportunity to make money!
In a short time, countless Chinese users poured huge sums of money into the overseas version of Huasuan Pay.
The payment system is quite efficient; despite the influx of so many users, there was no lag whatsoever.
The bank had just mentioned that the price of three jin of pork oil was 8.5 when suddenly a large number of users flooded in to buy it, and the transaction volume soared.
At first, the bank was very happy with the three jin of lard.
Haha, see? That's real guts! All your customers are coming to me now, right?
The other banks panicked when they heard this and rushed to check their data. But after checking, they found that they hadn't lost any of their customers. Had the Sanjin Zhuyou Bank lost their minds?
As transaction volume continued to rise, the Three Pounds of Pig Oil Bank began to realize that something was wrong.
In the past, it would have been considered good if a bank could add two million in transaction volume per day, given the large number of banks competing for market share.
According to their estimates, the yield would increase to 8.5%, and the daily trading volume would double to four million.
But now, just half a day later, it has already exceeded five million, and the growth rate is getting faster and faster!
This made him a little panicked. After all, eight points was already a loss, and eight points and five points would only lead to even greater losses!
However, the yield of this product is not adjusted in real time; it needs to be listed for at least one day, and if an adjustment is needed, an application must be submitted in advance.
The bank, with its three jin of pork fat, could only rush to submit the process for adjusting the yield rate while painfully watching the ever-increasing transaction volume, cursing Samsung every time it rose a little.
As of 3 p.m., the cumulative transaction volume of Zhuyoubao today has exceeded 500 million yuan!
When other banks saw this data, they all came to congratulate the Three Pounds of Pig Oil Bank. But who could have known that the Three Pounds of Pig Oil Bank was actually losing money to gain publicity today? If it hadn't reacted quickly enough, it probably wouldn't have become a first-tier bank, and its ranking would have dropped even further.
The lard is bitter inside, but it doesn't say anything.
The next day, the yield of Zhuyoubao was adjusted directly from 8.5% to 6.5%.
Users who had just purchased Zhuyoubao immediately scoffed at it. While it's true that fund returns fluctuate, this was just playing games with users.
I just bought it yesterday, and it plummeted today. This isn't a fund; it's a scam!
Forget it, I'm outta here.
After looking around, users found that Bangzibao's returns were quite good, so they all transferred their money from Zhuyoubao to Bangzibao.
Samsung Bank, witnessing this scene, didn't know whether to laugh or cry.
Just what I feared most has come to pass. They should be happy to have spent so much money buying Samsung products.
But I bought it when the return was 8%!
Samsung stated that this is exactly the rate of return when Bangzibao lost money back then.
Initially, it was to attract new users to buy, but now, I have enough users, and I just want to make some money in peace.
No wonder the bank was so decisive in changing the yield rate.
It just wants to spend money to grab some market share, not to lose everything.
Therefore, Samsung also made a quick decision to lower its yield to 6.5%.
However, after Samsung submitted its application, it was rejected.
The reason for the rejection was that the yield of a certain wealth management product had dropped too much recently, causing a large number of user complaints. Therefore, if you want to change the yield of a wealth management product, you need to apply at least one month in advance, and the reduction cannot exceed one percentage point.
Samsung Bank is speechless. Wasn't this mess caused by Samsung Bank? What does it have to do with Samsung Bank?
So, Samsung Bank went to Zhang San to give feedback.
Zhang San's approach was simple: he convened an online meeting with representatives from the other four banks.
Those who agree with this rule on cost-effective wealth management, please raise your hands.
Swish swish swish swish~~~~
Apart from Samsung Bank, the other four all raised their hands.
Zhang San shrugged at the Samsung Bank representative, the meaning was clear: the minority must submit to the majority.
Samsung Bank left the group chat cursing and reported the matter to the head of the Lee family.
The head of the Li family was speechless after hearing this. Why would they come to me for such a trivial matter?
He said it calmly.
"Calm down. It's just a little money loss. It's not like Samsung can't afford to lose money. As the president of Samsung Bank, you need to have the courage and composure, understand? You have to remain calm even if Mount Tai collapses in front of you, do you understand?"
"Yes, I've learned a lot."
"Yes, you need to look at the problem from a different perspective. From the perspective of an operator, it is perfectly reasonable to introduce such management regulations. Otherwise, if you raise the rate of return today and lower it tomorrow, users will be driven crazy by you."
After being lectured, the president of Samsung Bank had no objections and obediently went back to prepare the application materials.
But as soon as he stepped out of the Li family's house, he received a call from his secretary.
"Manager, something terrible has happened!"
"Huh? What serious incident has occurred?"
"Several large sums of money have just been invested in our Bangzibao!"
"Let's buy it then. The head of the family said we have to abide by the rules of the game. So what if we lose a little money?"
"But bank manager, the total amount of these purchases exceeds eight trillion won!"
"What?! Young Master Duo?!"
Eight trillion!
The president of Samsung Bank stumbled and almost fell. This...this...this...how much money is Samsung Bank losing every day? No, this matter must be reported to the head of the family immediately.
But then he remembered what the head of the family had just said: to remain calm and not change his expression even if Mount Tai collapses before him.
Thinking of this, he straightened his clothes and then calmly and leisurely entered the Li family manor again.
Then, at the pace of an old man taking a stroll after a meal, he slowly walked from the doorway all the way to the study where the head of the Li family was.
It took him a full ten minutes to walk just a few hundred meters.
Then, he knocked on the door very politely.
"Please come in!"
Only after hearing the voice of the Li family patriarch did he push open the door and enter, even bowing with his hands clasped in greeting.
"Master, there is something I need to report to you."
"What's up?"
"It's nothing major. I just received a notification that several large sums of money suddenly appeared and bought Bangzibao."
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