Rewrite the Technological Landscape

But a few days later, Dafeng Investment held another press conference, this time Shao Yibo was in charge.

"We met again. I saw online people expressing doubts about our frequent press conferences. There is nothing we can do about it, because our company has too many good products." Shao Yibo boasted, "We want to introduce to the market today Two things, and these two things, I would like to elicit by responding to some questions about Dafeng Bank on the Internet.

During the period when Dafeng Bank came out, our credit loan was the most discussed topic. Many netizens criticized our credit loan as too weak, and this weak point is mainly reflected in two aspects, one is the low amount, and the other is special groups There is no quota.

We said at the press conference of Dafeng Bank that we will use technology to allow more individuals to obtain higher personal quotas, but at present, the quotas we have given to you do not seem to meet your expectations. I posted my credit line of several thousand yuan to express my disgust for this product. In response to this problem, today I would like to expand a little bit on the mechanism of our credit loan.

First of all, we must understand one of the most critical things. The core of credit loans is credit, that is, unsecured.

Everyone knows about traditional bank mortgages. I need your house, your car, and your business assets as collateral. Once you don’t pay, the bank will confiscate these assets, which reduces the bank’s loan risk. At the same time, it also reduces the deposit risk of depositors.

Because where does the money mortgaged by traditional banks come from? Isn't it the savings of our common people.

At this time, let’s look at our credit loan. On the one hand, we have not obtained any user collateral. On the other hand, we are far inferior to traditional banks in terms of pure savings absorption capacity. Now we can only rely on wealth management products to attract users’ money. But for now, how much money can our wealth management products have?

And it is impossible for me and us to put all the money that everyone uses for financial management into credit loans to earn this little interest.

So you can imagine, if we release a lot of credit lines now, and if credit loan users refuse to repay on a large scale, what will happen? "

Shao Yibo asked the question and made the audience and those who watched the live broadcast think for a while before giving the answer, "It's actually very simple, that is, our Dafeng Bank is going to lose money.

So what will happen if this loss exceeds the capacity of Dafeng Bank? Of course it was bankrupt.

What happens after bankruptcy? The money everyone invested in Dafeng Bank may be gone.

This is the problem of risk control. We must do as much as we have ability.

Some people may say, how long will it take for you to make a large-scale credit loan?

Let's put it this way, if you are really in a hurry, we can actually do this very quickly, as long as we introduce leverage, and there are many ways to introduce leverage, but no matter which method we use to introduce leverage, the essence of leverage is actually It is to borrow money, and the result of leverage will not be bankruptcy, but liquidation.

What do you mean, that is to say, under the premise of no leverage, Dafeng Bank will go bankrupt if it is exhausted, but once leverage is introduced, 10 billion becomes 100 billion, then 90 billion cannot be changed out of thin air, someone has to come up with this Money, like a bank.

Well, at this time, it was only a matter of our Dafeng Bank, and it would affect the banks that lent us money, and if a bank happened to lend us 50 billion, this 50 billion would just become the last one to crush him. Straw, what happens?

The bank will go bankrupt.

So what if the bank also used leverage?

Maybe there will be bigger and more financial institutions suffering behind the scenes. In the end, what was originally just a small problem in the credit loan of our Dafeng Bank may directly lead to a large-scale financial problem. This is the danger of leverage.

And how to turn 10 billion into 100 billion requires the design of financial products in this process. This kind of product is collectively called inferior financial products in our big venture capital investment. Do you know what incidents caused by inferior financial products + leverage?

This is how the 2008 financial crisis came about.

So when we were doing credit loans, the most fundamental bottom line we discussed at that time was not to touch leverage and not to make low-quality financial products.

In other words, we have a risk tolerance of 10 billion, so we will put a credit line of 10 billion.

Leverage is one of the greatest inventions in the capital market, but it is also one of the biggest risks in the capital market, or even none. "

Regarding the dangers of leverage, this is what Meng Qian asked Shao Yibo to talk about, because whether it is the next A-share crash or the fraudulent investment in the next few years, it has a great relationship with leverage.

Meng Qian hopes to give everyone a popular science on the risk of leverage. Maybe some people will follow this press conference to understand leverage and stay away from leverage. Of course, more people may not hear it at all, and even take out American capital Predators all rely on leverage to refute, and that is something that can't be helped. Everyone has his own ambitions.

"Hearing this, some people will definitely think that this credit loan is really tasteless, so let's take a look at the first product of today's conference.

We will not use leverage to accelerate the development of credit loans, but we are also exploring other ways to accelerate the development of credit loans.

In the process of this exploration, we have been considering whether it is possible to find a transition between traditional mortgage loans and credit loans, and we think there may be.

We have repeatedly emphasized that Credit Loan is an Internet financial product based on big data analysis, so there is a brand new support behind this product, big data, that is, technology.

Can technology turn into collateral? No, but can technology control risks? We think the answer is yes.

At this time, we proposed a brand new financial concept called wind pressure, that is, risk suppression.

As we mentioned before, our credit loan big data analysis technology implants more parameters, and these more parameters will require stronger data analysis capabilities, but at the same time, the results it can bring are better Risk control ability.

At this time, we can achieve two results. First, improve the risk-taking ability, and with the explosion of data, this risk-taking ability will become higher and higher. For example, our current risk level is 10 billion, and it may be next year Just relying on the explosion of data can become 20 billion.

Second, to attract capital to enter the market and increase the overall amount of credit loans, there is actually another way besides leverage, which is to attract co-participants. The difference here is that one is actually borrowing money and using 1 billion to raise 10 billion in capital , the 9 billion is essentially borrowed. Once the 1 billion is gone, the 9 billion needs to be repaid.

The concept of attracting co-participants is that if you think our product can make money, you come to invest together. Once there is a problem, the co-participants will bear the losses together, and then the credit risk of Dafeng Bank will never be passed on to the society. We and our co-participants absorb this risk ourselves.

To this end, we will create a wind pressure fund as a brand new financial product. This product will not be open to retail investors for the time being. This is a financial product, and it is also a risk control object for credit loans. Compared with leverage, It's not borrowing, it's investing.

Therefore, the amount of our credit loans will not be very high in the short term, but with the development of credit loans, this amount will gradually increase, but it is impossible to have a too high amount, because we will never use leverage.

We always firmly believe that financial development is a long-distance race. It is too easy to make profits in the short term, especially for our Dafeng Group. We can quickly obtain capital in the financial market by splitting up a few subsidiaries and going public, but this kind of thing It is meaningless, because you are always chasing profits, we want to settle down some things, and really treat our financial development as a long-distance race, to develop a sound, stable, safe and healthy financial order.

Only in this way can we gain a real foothold in the global financial market, which is our goal. "

Shao Yibo’s explanation is for many people. First of all, it is for the common people, so that the common people can further understand what kind of bank Dafeng Bank is. In fact, it is for the supervision department, so that they can clarify the attitude of Dafeng Bank. .

At the same time, it is for the entire financial industry to let them pay attention to big data technology, wind pressure, and wind pressure funds. Moreover, Shao Yibo finally touched on a very important topic. Dafeng Investment is ultimately going to impact the global financial market. , the goal is not just the Huaxia financial market, this is a long-distance race, a long-term competition.

In the end, it is also for Dafeng Bank Dafeng Investment and Dafeng Group itself. The company's public commitment needs to be maintained and continued by the company's people.

Dafeng Bank's gameplay, Dafeng Bank can't make a lot of money, and interest has become the main profit. From the perspective of short-term profitability, as a pure financial institution, it is indeed too bad, but from the perspective of long-term development, in After each financial crisis, everyone will understand what kind of financial rules are the best.

If the existing financial rules are allowed to play, the result will be a continuous cycle of financial crises, and the people will suffer in the end.

So things like credit loans must be done, because it is an inevitable product of the development of an era, and it can indeed help many people. The premise is to control risks. As long as the risks are controlled, credit loans are a good one. As for financial products, if risks are left unchecked, credit loans do not know what kind of crisis will be triggered in the future.

Of course, Shao Yibo won't say anything more profound on the spot, as long as people who understand can understand it, otherwise it will be bad if ordinary people lack financial knowledge and overcorrect.

"Having said so much, I believe that many friends should have understood our credit loan and the direction and attitude of our Dafeng Bank in financial development.

Next, let’s talk about another reason for the tastelessness raised on the Internet. There is no quota for special groups, and many students are responding that students have no quota. Indeed, we have not opened credit loans to student groups. As for the reason, it is still the same sentence, control risks .

Students are students after all. Maybe many students are working part-time to make money, but most students do not have a long-term stable source of income, if the living expenses given by their parents are not counted.

So we don't consider opening student credit loans.

Another thing that makes credit loans more controversial is patients with serious illnesses. We have seen many people say that getting sick is the time when capital turnover is most needed, especially serious illnesses. As a result, credit loans that cannot be borrowed are nonsense.

We do not deny that patients need money more, but we still say that we have to control risks.

This is a confrontation between product and human nature, but this product is not for one person, we must take the overall situation into consideration.

But everyone knows that Dafeng Group has always been considerate in doing things, and we know the needs of users, so although our credit loan may not be friendly to patients with serious illnesses, another product we launched today may make up for our lack of credit. The inhumanity of lending. "

Shao Yibo said another product of today appeared on the big screen.

Many people believe that what should come will always come.