In 1604 AD, the place restored by Gu Xiancheng and others and gathered together to give lectures is called Donglin Academy. It is well-known for its "sounds of wind and rain, sound of reading, family affairs, state affairs, everything in mind". On the basis of organizing lectures, Donglin Academy gathered forces and gradually developed into the Donglin Party. Not only did it have a large number of high-ranking Donglin Party officials in the imperial court, but also had extensive support from the landlords and merchants in the south of the Yangtze River. They pretend to be clear and current in their speech, have the right to speak, have the support of the bureaucratic system at the political execution level, and have the support of businessmen and landlords in the economic field at the grassroots level. They really want people to have people, money and money, and speak. Calling the wind and calling the rain has become one of the important causes of the death of Ming Dynasty.
There is no doubt that Lakeside University is now also a place for lectures. The elites who established this university are all great people in the Chinese economic field who have huge social wealth and social power resources. Lakeside University is definitely not a school for evangelism in the general sense, but a circle, a circle of cattle X businessmen. Behind these great people are more complex interweaving interests and powers. The emergence of Lakeside University marked a dangerous political signal: the capital giants have a tendency to merge. This is their new response to the changes that are taking place in China, and it is also a new organization established by these elite front-line figures who are unwilling to be manipulated and want to "independently". The evolution of these social business elites has become predictable: business and government merge to form a new ecology. Behind this new ecosystem, there must be greater demands for interests. The establishment of the Whampoa Military Academy is destined to be linked to the subsequent Northern Expedition. From the very beginning, the preparation of the military academy was to prepare for the subsequent Northern Expedition to wipe out the powers and warlords. Therefore, its establishment had a significant impact on the subsequent Northern Expedition. The first principal of the Whampoa Military Academy was Chiang Kai-shek. Without the foundation of the Whampoa Military Academy, this man of the era from Xikou, Zhejiang would definitely not have subsequent political achievements.
Nowadays, Jack Ma has money for a long time and has become the opinion leader in the front row. Some of his speech and actions are still gradually moving closer to the center of power. In fact, the three things of money, name, and power can only take one of the three, and getting the second is already a great place.
1.
Jack Ma has been interviewed!
history is rare!
On November 2, People's Bank of China, China Banking Regulatory Commission, China Securities Regulatory Commission, and State Administration of Foreign Exchange gathered together to interview Ma Yun, the actual controller of Ant Financial, and Jing Xiandong, chairman.
Four national ministries and commissions simultaneously interviewed the head of a financial institution, which is unprecedented in Chinese history! Many people don't know much about
. Why does the country take interviews with ants so much?
We have adjusted the timeline back for a week...
On October 24, the 2nd Bund Finance Summit was held in Shanghai. As soon as Ma Yun took the stage, he aimed his guns at national departments and institutions, and a "three companies of bombardment" came. : Z2z
Jack Ma first bombarded the regulators for being too strict.
"You cannot deny the entire Internet finance just because of p2p (explosion of thunder)."
"(Regulatory) innovation must pay sacrifice and price, and take responsibility for the future. To do risk-free innovation is to stifle innovation!"
Financial institutions are too conservative.
"China's finance has no system!"
"(China joined) "Basel Accord" is a club for the elderly!"
Jack Ma shot the banks too backward for the third time.
"Banks in China are still pawnshops, and they have harmed many entrepreneurs!" Jack Ma's "three shots" of
pushed a conference that was not so influential to the forefront. What
was even more unexpected was that the insider operation of Ant Financial was shaken out.
2.
The inside story of Ant Financial was finally able to tell
. What was unexpected is that after Jack Ma’s bombardment of national supervision, millions of people gave him praise and praised "Papa Ma dares to tell the truth".
I can only say that you are too young.
Maybe you still don't know Ant Financial, let me introduce it briefly.
In 2004, Jack Ma established Alipay, and then hatched Yu'ebao, Zhaocaibao and NetCommercial Bank.
In 2014, Jack Ma established Ant Financial on the basis of these products. Since then, he has successively launched personal consumption loan businesses such as Huabei and Boraibe.
Some time ago, Ant Financial announced that it will be listed in November this year, with an issue price of 68.8 yuan, corresponding to a market value of 2.1 trillion yuan.
This means that Ant Financial has reached a peak that most companies dare not even think of in just 6 years.
In many cases, the primitive accumulation of capital is accompanied by secret privacy and controversy.
So, what is the inside story of ants?
Inside story 1: Ant high-leverage lending model
You may not know that although Alipay is a national-level application, it is mainly used for diversion in the ant system. Ant’s largest business comes from the lending business led by Huabei Boraibe.
In the first half of 2020, the total amount of Ant's loans was 2.15 trillion yuan, and so on, the annual loan scale exceeded 4 trillion yuan.
So the question is, where does the ant get so much money to lend?
It doesn't have to pay for it by itself, just through an endless loop of leverage game, it can move the whole earth.
Some time ago, Chongqing Mayor Huang Qifan revealed that the ant trader was like this:
first made 3 billion yuan and borrowed 6 billion from the bank, so that the book fund would have 9 billion.
9 billion is not enough to lend, it does not matter, it can be asset securitization (ABS). After the
ant releases 9 billion, it has 9 billion debts. With this debt mortgage, it can borrow 9 billion again, so that it has money to lend again. In the second round of
lending, Ant has another 9 billion claims in its hands, and it continues to mortgage loans in an infinite loop. How many times does
loop?
scared you by saying it: 40 times.
means that Ant only used 3 billion principals and borrowed 9 billion × 40 times = 360 billion, and the leverage ratio is 120 times!
Ordinary people took 900,000 real estate to mortgage, and the bank loaned you at most 600,000, but Ants got 120 times the loan with this god-like operation.
This is the original accumulation of ants: you say it violates the rules, but you can't say it; you say it is normal, but it really took advantage of the loopholes.
Inside Story 2: Ant risk transfer
The ant's Sao operation is like a snowball, with 120 times the leverage. Is there any risk? Is it safe?
is very risky! Once an accident occurs, it is an earthquake magnitude! Among the 360 billion assets of
, only 3 billion is the principal of ants. Once there is a problem, the loan cannot be recovered, and it will lose up to 3 billion. Who will take care of the remaining 358 billion
?
Some people say it is a bank.
Sorry, the bank is not productive, and its money is ultimately the depositor's.
Inside Story 3: Inclusive Finance's coat
There is no doubt that Ant Financial is China's largest lending company.
On the one hand, it eats capital at low interest rates, and on the other hand, it lends high-interest loans to Taobao and Tmall users for consumption, and it makes a lot of money in this closed-loop ecology.
Many people may not know how terrible the difference in interest rates for ants is.
Currently, the one-year loan market offer rate (LPR) is 3.85%, and the law stipulates that the upper limit of judicial protection for private lending is 4 times that of LPR, which is 15.4%. How high is the annualized interest of
ants?
It is based on credit rating, 15% low and 18% high. In other words, if you borrow 10,000 for a year, you will have to pay 1,800 yuan just for the interest, which is more ruthless than the people who specialize in high profits!
Guo Wuping, director of the Consumer Rights Protection Bureau, commented on this: Ant Financial is not in line with its philosophy of inclusive finance. In fact, it is "inclusive but not beneficial"!
Inside Story 4: Advocating Consumerism
Last year, the central bank released a set of data:
The national bank card credit balance in 2019 was 7.59 trillion, and the total credit card outstanding for six months overdue was 74.266 billion yuan.
This data was only in 2010. 7.6 billion, which has doubled tenfold in 9 years, and the increase in house prices is all in front of it.
is more terrifying than central bank dataThis is a survey of the debts of the post-90s generation: the average debt of the post-90s generation is 127,000 yuan, which is 18 times the monthly income. The consumerism trend of
has been promoted by Ant Financial. A sentence of slogan has become the values of young people through brainwashing advertisements, such as:
"You are young, it is flowers!"
"Love yourself, spend if you want "Hey!"
"Flower, happy life for 500 million users!"
used to induce everyone to buy, buy, and buy now. Now everyone borrows money to buy and buy. The question of
is to let the new generation of young people in China take loans as soon as they graduate. Is it really good for the country and society?
Many people think that their Huabei borrowing quota has increased, and they are going to like Ma Yun again, and they have to call Ma Yun his father.
Think about it clearly, will my father encourage his children to borrow money to buy and buy?
China can survive this year's epidemic. From a certain angle, does it depend on everyone still having some savings? Can you survive the storm?
If one day, every household is consumed in advance, with only arrears and no deposits, then next time there is an epidemic or a financial crisis, can we still survive it?
3.
Divergent Thinking: The Destruction of the King of Credit in Japan
The lending empire of Ant Financial, reminds me of Take Fuji, the king of credit in Japan.
In the 1960s, Japan's economy took off, and the people's demand for consumer goods and leisure entertainment rose rapidly, and private consumer credit was on the stage of history.
In 1966, Takei Yasuo founded the Take Fuji Company to issue consumer loans to individuals. How did
Yasuo Takei stand out among a lot of credit companies?
He likes to use big data to lend money.
He thinks that housewives have better personal credit than men, so he secretly observes and counts the life portraits of housewives.
For example, he will observe the balconies of various communities every morning. Whose housewife's clothes are clean, then her credit must be good.
For another example, he will borrow the toilets of every household, and whoever has a clean toilet, then the credit of this family is definitely not bad.
In order to facilitate others to borrow money, he also invented an "unmanned loan machine" that automatically applies for loans and signs contracts. With this business model, Yasuo Takei quickly became rich, and finally ascended to the throne of the richest man in Japan.
However, as the peak period reached its peak, Takefuji quickly declined and his reputation became worse and worse. Borrowing, improper debt collection) it is all occupied.
In 2000, Takei Fujitsu's long-standing credit backlog was exposed, and Takei Yasuo was involved in an illegal wiretapping scandal. At the end of that year, he was arrested and imprisoned and sentenced to 3 years in prison.
After Yasuo Takei was released from prison, the Japanese government introduced the "Interest Rate Limitation Law" to limit the maximum annual interest rate of consumer credit. The interest that had been added before must be returned to the borrower.
Since then, Take Fuji has no chance to make a comeback, and finally declared bankruptcy in 2010.
The king of Japanese credit has withdrawn from the stage of history.
We look back at Ant Financial. It has too many similarities with Take Fuji: similar background, similar high profit, similar big data model...
This just confirms one sentence: history is always surprisingly similar.
only hopes that the state will insist on strict control over financial supervision, because once financial problems occur, tens of thousands of families will be affected.
Those who praise Jack Ma’s bombardment of supervision, think about the subprime mortgage crisis in the United States!
