Chapter 4072: Awesome
Lin Feng's personal guarantee!
This made the four presidents speechless. Lin Feng's assets exceeded one trillion US dollars. If he used personal guarantee, then there was basically no need to consider bankruptcy. But if Lin Feng's "Second Bank" was really allowed to lend freely in the country, what would they do? Now "Yu'e Bao" has already attracted nearly 700 billion yuan in deposits, and it is going straight to one trillion yuan. They are trying their best to stop "Yu'e Bao", and the only way they can think of at present is to limit it. Of course, it is not just to limit the transfer amount of "Yu'e Bao", but the entire "Alipay" amount.
"Yu'e Bao" is just a derivative product of "Alipay". If "Alipay" is finished, then "Yu'e Bao" will also be finished. But if Lin Feng's "Second Bank" is allowed to come in, it will be finished. Once the "Second Bank" has set up outlets across the country, then they will have no way to crack down on "Alipay". Therefore, the "Second Bank" must not be allowed to enter China.
"Mr. Kang, although Lin Feng frankly admitted that he would guarantee it, the bank is related to thousands of ordinary people. They have worked hard all their lives to earn money and deposit it in the bank, hoping to rely on this money for their retirement. They can't afford to lose even a penny. Although Lin Feng frankly admitted that he would guarantee everything, it is a commercial bank after all, and it is engaged in extremely aggressive investment behaviors such as venture capital. Once a major investment fails, it will inevitably bring immeasurable losses to all depositors. And once this loss exceeds Lin Feng's personal assets, I doubt whether Lin Feng will continue to choose to guarantee. I think he may choose to let the "Second Bank" go bankrupt directly!" The four presidents analyzed anxiously.
Bankruptcy! This is a right granted to all private companies by law. Of course, this law also comes from Western society. In China, there has been a popular saying since ancient times - the son pays the father's debt. That is to say, if someone owes a debt and he can't pay it back, if he dies, then the debt will be repaid by his wife or son. If he still can't pay it back, the son's son will pay it back. In short, it will be repaid from generation to generation until it is paid off. This is China's credit system since ancient times. What matters is credit. Unless your whole family dies, the credit system will continue.
However, in the West, this credit system is undoubtedly very inhumane, which is an oppression of debtors. Human rights are endowed by nature, and everyone has the right to enjoy life. Debts are not only the debtor's, but also the creditor's. When you borrow money from someone, you have to consider the possibility that he may not be able to repay the loan one day. Therefore, the debt needs to be shared by both parties. Therefore, the West allows bankruptcy to exist. Both companies and individuals can apply for bankruptcy.
Personal bankruptcy means that within the time prescribed by the law, you can only enjoy the most basic welfare benefits allowed by society. All the extra money earned must be used to repay personal debts. After the prescribed time, the individual will no longer bear any debts and will be a free man who can continue to enjoy all kinds of beautiful things that all normal people can enjoy.
As for corporate bankruptcy. All shareholders' funds in the company are frozen and used to repay loans. After insolvency,
shareholders lose all their previous investments, but it will never affect their personal interests. So, if one day the 'Second Bank' is insolvent and the debts to be repaid exceed Lin Feng's personal assets, will Lin Feng still use his assets to fill the debts?
In the eyes of the four major banks, it is obviously not. Lin Feng will definitely file for bankruptcy. Then who will guarantee the interests of these depositors? Although the four major banks are also allowed to go bankrupt. But they are state-owned enterprises after all, which is different from Lin Feng's private enterprises. At least, before the country goes bankrupt, the four major banks will not go bankrupt. So, in some ways, the four major banks are more reliable than Lin Feng.
Of course, this is what the four major banks think. Now they need to convince Mr. Kang. Although it is Mr. Wen who manages these, it is now clear that only Mr. Wen and Mr. Xi support Lin Feng. Therefore, as long as Mr. Kang agrees with their views, plus the rules that have been subtly instilled, they are sure to shatter Lin Feng's hope of 'Second Bank' to advance into the inland.
"Yes, the interests of depositors are above all else. We must never let depositors take any risks for this!" Mr. Kang nodded. He also came to his senses at this moment. If the "Second Bank" is really allowed to come in, it will be really troublesome. The interests of the four major banks will be damaged. This is not in the interests of their department.
"Yes, the interests of depositors cannot be put at risk! Therefore, I will use my personal assets and reputation as collateral. Provide the best service to all depositors in the country. Of course, if you don't believe it, and think that my trillion-dollar assets cannot be used as collateral, then I can only say-" Lin Feng glanced at many gentlemen and several bank presidents, shrugged, "That's deliberately making things difficult for me!"
Hah! Mr. Wen and Mr. Xi secretly shouted in their hearts. This is indeed worthy of being the God of Wind. In this place, only this kid dares to say such words. Those with poor status dare not say it. Those with sufficient status will not say it. Only Lin Feng, who is neither high nor low in status and fearless, dares to say this. Isn't it true? Lin Feng's assets are over one trillion US dollars. If he is not qualified enough to use them as credit collateral to undertake a bank, then what is it if it is not deliberately making things difficult!
Of course, Mr. Wen also understands that this involves the issue of monopoly interests. China has been talking about breaking down market barriers and liberalizing the economy, but in fact, facing these monopoly industries, the so-called liberalization of the market is actually very limited. Private enterprises cannot compare with these monopoly industries at all. Even if the market is opened, it can't cause any impact on them at all. Including the banking industry, although private capital is allowed to enter, there are more than 100 banks in China, but these banks are all based on the four major banks. Their funds, to a large extent, come from the borrowing of the four major banks. Therefore, the domestic financial market is still very closed.
However, if Lin Feng is allowed to come in, it will be different. If you let Lin Feng come in, it will be like a tiger falling and a wolf entering a flock of sheep. Relying on Lin Feng's personal credibility and reputation, as well as his image in the minds of the Chinese people, once his bank raises funds, its speed will be very fast. For example, "Yu'e Bao", in less than a month, it has swept up nearly 700 billion yuan of funds. If Lin Feng's "Second Bank" is allowed to come in, how much money will it sweep up? This is unimaginable.
1 trillion, or 5 trillion, or more, 10 trillion? Maybe the people of the whole country will deposit their money into Lin Feng's "Second Bank". If that happens, what should the four major banks do? So, they can't allow this.
"Lin Feng, watch your words. No one here is deliberately making things difficult for you! Everyone is sitting here for the stability and prosperity of China's economy and for the harmony of society!" Mr. Kang warned coldly.
Lin Feng smiled.
"Then why don't you allow my bank to come in? You know, I am a pure Chinese, and my bank is also registered in China. Why can Ping An Bank and CITIC Bank come in, but my "Second Bank" can't come in? If this is not deliberately making things difficult for me, what is it? This is clearly targeting me and making trouble for me!" Lin Feng smiled strangely, "Or are you four major banks already occupying the mountains and have almost endless resources, and are afraid of me alone? If so, forget it. I won't come in, lest I come in and beat you down with a few punches and two kicks, then you will lose face, which is not conducive to the theme of a harmonious society!"
Swish! The faces of the four bank presidents suddenly turned red. Lin Feng's words were too cunning and harsh. Although they also knew that Lin Feng was deliberately provoking them, they were still inevitably angry, and anger kept rising from their hearts.
"Lin Feng, please be careful with your words. This is not directed at you, nor are we afraid of you. How could we, the four major banks, be afraid of a small bank with a capital of only 100 billion US dollars. It's just that we are worried about the safety of depositors, and we are worried that the entry of a pure commercial bank like you will disrupt the entire financial market and destroy the harmony of society." Although the four bank presidents were angered, reason still prevailed and they did not dare to agree to let Lin Feng in. They also knew that once Lin Feng was allowed in, the market would really be completely opened up. They could not compete with Lin Feng.
"After all, you are still afraid of me coming in. Gentlemen, please say something and see what to do about this matter. Should I enter the banking industry, open up the market, form fair competition, let the whole people enjoy greater benefits, and benefit the people with civil virtues and martial virtues, or should I be criticized by the people for having a bad conscience and only caring about their own wine pools and meat forests, and not caring about the people's good food?" Lin Feng did not waste any more time with the four presidents, and directly threw out a multiple-choice question, waiting for these gentlemen to decide.
The faces of the nine gentlemen changed. What kind of bullshit did this kid say? Is he threatening them? It's outrageous! Mr. Kang's face changed and he was about to get angry.
"How about this, let's discuss it, vote, and give you a reply in the end. You go and have a rest first." Mr. Wen spoke first to avoid things from getting out of hand. After all, Lin Feng's words were really not very pleasant to hear and very harsh. And that word sounds so familiar. If you think about it carefully, it is clearly the word used by the Moon God Sect to praise the leader Dongfang Bubai in Jin Yong's "Swordsman".
Dongfang Bubai is a demon! Is this a mockery of them being demons? So, while the other gentlemen haven't reacted, let's hold a meeting and vote! Otherwise, this will cause a big fuss. Of course, this kid is really [***] amazing.
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