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Text Chapter 1244 Payment Platform and Backing

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    TAT is a coffee shop located in Central, Hong Kong. It is famous for serving the most famous coffee in Hong Kong.

    Xiao Qi actually doesn¡¯t like drinking coffee, but he does like milk tea, so he ordered a cup of ordinary milk tea.

    Well, spending NT$299 is indeed a high price in Hong Kong.

    Looking at the price list written here, the four bodyguards who followed him in felt a little achy when they shouted for the cheapest drinks. They wished Xiao Qi could just discount the money into cash, and then they would wait at the door.

    "It's a pity that at the beginning, you have to protect your boss every step of the way. This money can only be wasted if it is wasted."

    There were not many people in the coffee shop at this time. The employees looked at Xiao Qi and then at the several fierce bodyguards sitting around him, wondering if they should be a little cautious secretly. If anything went wrong, they would immediately report  Just call the police.

    In other words, Xiao Qi was too handsome and handsome, and too young, so several Hong Kong waiters chatted for a long time, thinking that he was probably a wealthy man from the mainland and his bodyguards, so they let go of their worries.

    After a while, a tall, slightly bald, middle-aged man hurried into the coffee shop. When he saw Xiao Qi, a bright smile appeared on his face.

    After the middle-aged man ordered a cup of coffee, the waiter breathed a sigh of relief. If another person came with a bodyguard, I'm afraid there would really be a fight today.

    "Qi Shao! I'm so sorry! I was just having a meeting upstairs and was delayed. You've been waiting for a long time!" the middle-aged man said with a smile.

    Although he is a bank boss in charge of tens of billions of funds, he is in charge of the work and destiny of thousands of people.  But in front of Xiao Qi, there was no airs at all.

    He didn¡¯t dare to have any airs.

    Xiao Qi smiled slightly.  "President Yu, I haven't seen you for a few months, but you are getting more and more energetic!"

    The middle-aged man also responded with a smile: "Isn't it because of your care, Qi Shao? Our business at China Merchants Bank has made great progress in the past few months! Even the super big foreign banks know that it is our China Merchants Bank that has taken on the responsibility of Fairy Company."  What about the exchange business?¡±

    The middle-aged man was Yu Minwei, the vice president of China Merchants Bank. In April, he flew directly to Chengdu and took it from the hands of the four major banks, China Agricultural, Industrial and Construction Bank.  Stealing Xiao Qi's US$40 billion exchange business shocked the entire Chinese banking industry. It was known as "stealing food from the tiger's mouth" in history, and it also gained a reputation at home and abroad.

    Yu Minwei has therefore become the most popular person in China Merchants Bank. It is said that when the old president was preparing to retire in two years, he directly handed over his position to him.

    Although China Merchants Bank is affiliated with China Merchants Group, it still needs approval from its superiors.  But don¡¯t forget that China Merchants Group is also a state-owned enterprise under the State-owned Assets Supervision and Administration Commission, and the relationship between the director of the State-owned Assets Supervision and Administration Commission and Xiao Qi goes without saying. At that time, would anyone dare to block Yu Minwei, who had a good relationship with Xiao Qi, from taking the position?  ?

    Yu Minwei is a very ambitious person. He is eager to make greater achievements than the old president, so he has a very adventurous spirit.

    The traditional sphere of influence of China Merchants Bank is in eastern Guangdong and Hong Kong, which has been in the hands of the people for most of its history.  Still traveling between these two places.

    Xiao Qi knows one thing, that is, in May next year, China Merchants Bank will sign an agreement with Wing Lung Bank, one of the top ten banks in Hong Kong, to purchase 53.1% of its shares at an unprecedented high price of HK$19.3 billion.  It started compulsory acquisitions in the next six months and delisted in January 2009.  Became a wholly-owned subsidiary of China Merchants Bank.

    ??According to time calculation, the two banks will have started negotiations by now.

    In terms of the acquisition itself, in the Hong Kong banking industry, China Merchants Bank is actually a real victim, because their bid was 2.9 times the book value of Wing Lung Bank at the end of 2007. The Wu family, which owns 53.1% of the shares, simply made a huge profit.  .

    After that, many family banks were interested in selling their shares to mainland banks, but then came the world financial crisis, and the expansion of mainland banks came to an abrupt halt, so none of them were sold, but they were cheaper.  The Wu family is just one family.

    Xiao Qi actually has no interest in the banking industry.

    Fairy Company itself has strong cash flow, which is equivalent to a bank. It does not need any financing or loans.

    However, Xiao Qi has recently begun to prepare for the logistics industry and Xiaoyao Mall, so it is inevitable to build a third-party payment platform.

    The third-party payment platform, expressed in the most popular language, is a fund custody account.

    Usually in online shopping, since the credit between buyers and sellers is difficult to guarantee, the website hosting the transaction stipulates that the funds paid by the buyer are temporarily held in a third-party account with public credit until it is confirmed that there is no problem with the transaction.The gold will be transferred from the third-party account to the seller.

    Normally, this third-party payment platform with public credit is not a private account because it is a form of credit guarantee, but a company account.

    The third-party payment platform first appeared in the United States and was called PayPal. In China, it was called Zifubao. Later, Tenpay and Lakala appeared, but the meaning is the same.

    However, in China, with more and more online shopping, the daily payment amount managed by Zilibao has reached hundreds of billions, and many small third-party payment platforms have also emerged, absorbing a large amount of money.  Cash can easily lead to financial risks, which has attracted the attention of China's banking regulators.

    In order to regulate this third-party payment platform, the People's Bank of China stipulates that a third-party payment license must be issued. Only companies and institutions with this license can custody cash payments, otherwise it will be illegal.

    Later, the payment of Zifu Bao reached hundreds of billions or even trillions, which made Ma Yun frightened. He also felt that it was a waste to put so much money in the bank's capital account.  I learned PayPal¡¯s fund model and made a Yu Wo Bao.

    Ma Yun made a fund out of the funds that users voluntarily deposited into Yu Wo Bao, used this fund to make various investments, and paid Yu Wo Bao's customers more than ten times or even dozens of times interest on their current bank deposits, thereby absorbing  A large amount of capital was invested, which diverted idle funds from banks and caused a lot of controversy.

    With the glorious scale of Zifu Bao reaching trillions, there is nothing to be surprised about.

    But more importantly, after Zifubao has been bound to many people¡¯s payment bank accounts, it has become a new payment method with huge market potential.

    To put it simply, if you don¡¯t understand the payment form of Zifubao, you can think of Zifubao as a credit card such as JCB, VISA, etc. It is actually a new type of credit card, and it is a credit card in the Internet era that adapts to the times.

    It goes without saying how much money JCB and VISA make, right?

    In the future, if we develop according to the form of Zifu Bao, the prospect of making money will be at least ten times that of them!

    From this you can know how big the cake is!

    Since he is engaged in online business, Xiao Qi will naturally not miss this big cake, and he now knows that Zifu Bao has a fatal weakness, that is, it does not have a banking institution of its own, and can only rely on China Agricultural and Industrial Construction Fourth Engineering Co., Ltd.  to develop large commercial banks.

    If you rely on your own bank to do this Zifubao business, you will not be in danger of being subject to repeated supervision and restrictions by the state, and you will have more protection, so that you will not be severely constrained.

    It is precisely because of so many benefits that Xiao Qi decided to acquire a bank of his own!

    There are many banks in China, such as small and medium-sized commercial banks in various cities, such as Capital Bank, Oriental Bank, Chengdu Bank, etc., all of which are very good.

    But the problem is that they are fully domestic banks, and it is absolutely impossible to allow private holdings or even full ownership.

    Therefore, Xiao Qi chose to acquire a bank in Hong Kong.

    Anyway, after 2008, Hong Kong-funded banks received approval from their superiors and began to develop continuously in the mainland.

    Hong Kong-funded banks are not subject to as many restrictions as foreign-funded banks, and they can also enjoy a lot of benefits from foreign-funded banks. It is really the best choice!
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