It's not that Xing Baohua doesn't want to deliver the goods to homes, it's just that the current logistics and express delivery systems are, to put it mildly, not worth mentioning. He has no interest in setting up a logistics or express delivery company; the timing isn't right yet, and doing so now would require a huge amount of capital.
Moreover, it takes a lot of energy and can be delayed for several years. Perhaps it involves acquiring a logistics company or buying a piece of land in each city for warehousing and doing some preliminary preparations.
Relying on its strong financial backing and the fact that its shareholders were backed by banks, Xing Baohua intensified its advertising campaign for the security of π Payment. In addition to this promotion, he also hired several screenwriters to create short dramas to advertise π Payment's "cut-down" features.
What?! 10% off?! 30% off?! Yes, those are the cars that suffered the biggest losses a few days ago, with several people buying them at 30% off. Arrange for the media to interview them and show them the transaction records from those 30% off sales.
Newspapers and television should be used to generate buzz and create hype.
To make computers more widespread, we couldn't just rely on the rice series; we also needed other brands. So we sent a few elites to negotiate with other brands, such as mobile phones.
Can't get online? No problem. Once the telecom issue is resolved, π Pay will pay your three-month discounted internet fee. As for whether you'll be able to continue using π Pay for discounted internet fees after that, that depends entirely on your luck.
Actually, once you've paid the first discount for internet access, the system will basically lock you out of the market, and you won't have another chance to try and get a discount. Trying to negotiate a lower price won't help. However, they'll leave a small discount, usually 2%, which is the lowest discount the operator offers. There's no other way; I can't keep paying so you can continue to enjoy the service.
After a massive publicity campaign, π Pay gained some recognition, and merchants in major cities actively cooperated and joined in. After all, the discounts weren't paid for by the merchants, and a silly company was spending money to attract customers for them, so why would they disagree? They felt that if they refused, they would be fools.
The pace of expansion is accelerating. If there aren't enough people, then we'll add more; after all, the Japanese have plenty of manpower. Increasing employment in the R-government area makes all the cities happy.
The π system backend shows increasing transaction volume, but it just can't retain the money! Even with the T+3 model, which keeps money in the account for three days, the amount is too small to achieve a sufficient turnover rate.
We need to stimulate consumption, but how do we do that?
Well, you know what, these shareholders are really into it. The five major Japanese banks happen to be shareholders, so let's have a small meeting and have them propose lowering interest rates.
It just so happens that Xing Baohua is currying favor with a finance minister. If he can't get an interest rate cut even with these connections, he might as well try banging his head against a block of tofu.
Once interest rates are lowered, people feel that keeping their money in the bank is pointless. They either look for investments with higher returns or spend their money.
The Japanese, affected by the economic crisis, have been tightening monetary policy. They've raised interest rates to absorb private funds for other economic expenditures.
Banks generally dislike lowering interest rates, as it means a loss of private deposits, leading to a reduction in banks' circulating capital. Most of the money is then transferred by banks to businesses and individuals in need of funds to earn the interest rate spread.
If most people withdraw their money for other purposes and the loans cannot be recovered, there will be a risk of insufficient circulating currency.
What should you do if you encounter such a dangerous situation? I wonder if any of you have received a call from Ladbrokes or have met someone you know.
Please help me, I have a task to complete, I need to save for a month.
Some might offer you a high-interest deposit, for a year or several years. This is likely because excessive lending has led to uncollectible debts and a decrease in circulating currency, forcing them to rely on deposits to alleviate the crisis.
He refused to raise the issue of asking the five banks to lower interest rates at the board meeting, and was promptly rejected.
Affected by the global economic crisis of two years ago, coupled with the impact and suppression of the US stock market crash, they haven't recovered yet. Money has been lost in the economic market. The R government suffered economic losses of trillions of yuan. Where did the money come from?
Where does the money of ordinary people come from? If they had money, would they be so heavily in debt?
The banks want to raise interest rates to continue attracting deposits? Xing Baohua, on the other hand, is asking them to lower interest rates to facilitate his π payment scheme?
There's no such thing as a free lunch.
Xing Baohua remained calm despite the shareholders' clamor and patiently produced some transaction data from the π payment backend.
Several mind maps were created to show which bank registered users used the most for top-ups.
Use data and transaction amounts to persuade the other party.
If you don't lower interest rates, people will feel that they can earn more interest by depositing money in the bank and will be reluctant to spend it.
Only by treating money as if it weren't money can we encourage people to spend. Lowering interest rates isn't about getting them to invest in other financial products, but rather about stimulating consumption and getting money circulating throughout the market.
This is actually an economist's job, or something that bankers should regulate. Xing Baohua's intervention has made things too rigid.
Try suddenly lowering interest rates without any macro-control measures. What constitutes disrupting financial order? Xing Baohua's proposal is an example.
It is said that Japan's economy has been in a slump for twenty years, starting with the Plaza Accord, but in fact it was before the Plaza Accord.
This is nothing! In the mid-1990s, those bastards on Wall Street will have to do something big again.
Xing Baohua simply helped the Japanese people gather their funds before those bastards on Wall Street could. He wanted to minimize the losses for Wall Street while he personally reaped the lion's share.
"Lowering interest rates doesn't mean customers will withdraw all their money from their accounts. On the contrary, they will make large purchases through top-ups. In that case, the merchants' deposits will still return to your bank."
He's already said what he needed to say, and he knows the shareholders can't make the decision. He's just telling them to be prepared. The key is still with the finance minister; whether they can reach an agreement depends on whether the gifts are delivered properly.
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