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Text Chapter 511 Wealth management treasure sales

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    Pure text online reading of this site domain name and mobile phone synchronization reading please visit m After long calls, the financial treasure has finally been launched.  On March 17, Alipay issued an announcement that the Wealth Management Bank will be launched at 9 a.m. on the 21st, with an initial scale of RMB 300 billion and a fixed annual interest rate of RMB 7.  It can be withdrawn at any time, with a sales service fee of 01 and a bank custody fee of 005.  The bank custody fee is naturally taken away by the bank, while the 01 service fee is all earned by Alipay. Financial institutions that issue financial products take money from the companies or projects they serve.  Last December, Zixuan announced the Wealth Management Bao project, which made the approval process of various departments faster. Many companies were tempted when they saw that they could get financing within 7 days.  Many companies have sufficient collateral, but the financing cost is also more than 10. How can you not be tempted when you see the financing of 7.  However, Alipay itself does not issue financial products. They can only turn them into financial products through banks, insurance companies, fund companies, securities companies and other financial institutions, and then sell them on Alipay's platform.  In this project, Alipay itself does not bear any risks, but banks, insurance companies and other financial institutions bear the risks. If there is a problem with a certain project, the financial institutions that issued this financial product will also have to maintain principal and pay interest.  When financial institutions take risks, they naturally want to make money.  Alipay charges a 0.1 handling fee from users who purchase wealth management products, while financial institutions charge it from enterprises.  The financing cost of enterprises is still higher than 7, but it is much lower than the previous financing cost because financial institutions have no sales costs.  All sales costs go to Alipay, and Alipay uses a large number of users to complete sales in an instant.  Many companies are looking for cooperation with financial institutions to help issue capital-guaranteed financial product financing for wealth management treasures.  Because the interest rate of Wealth Management Bao is public, there are no sales costs, and they have sufficient collateral, financial institutions do not have much risk in this project, so naturally they cannot charge too high commissions.  For companies with sufficient collateral, it is not difficult to find a financial institution to cooperate with. There are too many partners to choose from.  Banks, insurance companies, fund companies, securities companies, trust companies, there are many companies that are willing to do it.  Wang Zixuan originally thought that the wealth management treasure would not reduce the financing costs of the whole society on a large scale. However, in the past few months, the craze for wealth management treasures in the financial circle has surprised Zixuan.  In the past, there were not many principal-guaranteed financial products issued by financial institutions. He thought that financial products that guaranteed principal and paid interest might not be successful, but he did not expect that this product would soon become popular.  If it weren¡¯t for the Spring Festival, when people in many financial institutions are too lazy, the issuance scale of wealth management products would have been even greater.  After the news of Financial Management was released, it also attracted analysis from many experts.  This time it was basically all praise.  There is no objection to the fact that Wealth Management can reduce the financing costs of the whole society.  The financing cost of Wealth Management is even lower than the cost of bank loans. Everyone knows that bank loans are not that easy to get. 5 or 6 is the official statement.  However, to guarantee principal and interest, you need to have enough collateral. If you want to borrow 100 million, you must have at least 1.5 billion, or even 200 million or 300 million in collateral. Otherwise, financial institutions will not be willing to make products that guarantee principal and interest.  No one knows how big the financial treasure can be, but it is certain to reduce corporate financing costs.  Bank profits will be hit again.  The scale of the first launch of Wealth Management Bao was three times that reported by Wang Zixuan in December last year. On that day, bank stocks fell in response, and the market also plummeted rapidly.  In May last year, Evolution Media signed an artist contract, which caused Huayi's stock price to plummet and countless stockholders were injured. Wang Zixuan issued a long scarf to criticize the domestic stock market, which caused a large number of stockholders to cancel their accounts. The stock market also plummeted. It lasted for more than two months. The magnitude and duration of the decline were unknown.  They are all more ruthless than in another time and space.  The stock market has just rebounded a bit, and Prince Technology has launched Yu¡¯e Bao again.  Yu¡¯ebao eroded the bank¡¯s profits, and the bank¡¯s stock price fell in response, leading the market to continue to fall.  In late August, the stock market stabilized around 1,900 points. This point was about 400 points lower than at another time and place, and was already close to the lowest point of 1,664 in 2008.  The investors who closed their accounts after seeing Zixuan¡¯s scarf also said they were lucky.  However, under the hot economy stimulated by 4 trillion yuan, the stock market obviously will not continue to fall. After falling below 2,000 points, it attracted a lot of bargain-hunting funds to enter the market.  The emergence of Yu¡¯e Bao has also been understood by the market as a measure to reform the financial market.  The country also does not want the stock market to keep falling.  After all, after the markets in other major countries in the world plummeted in 2008, they have been rising in the past two years.  With the push of all parties, the stock market began to rise again, and because it fell so hard, it rose quickly.It has risen to more than 2,800 points in three months. It is not as high as in another time and space, but the increase is much greater than that in another time and space, and the growth rate is also faster.  It was only in December that the price peaked and fell when the central bank raised interest rates and tightened monetary policy and profits fled.  But at the end of the year, Wang Zixuan came up with WeChat Spring Festival Gala red envelopes, major companies spent money one after another, and the stock market rebounded again.  Many experts also boasted that it would hit 3,000 points this time.  As a result, as soon as Wealth Management came out, bank stocks plummeted again, and the market also fell rapidly.  Wang Zixuan does not invest in A-shares, but he has been playing the role of a-share killer in the past two years. From time to time, news comes out that causes A-shares to plummet, which makes many investors depressed.  The wealth management treasure can be withdrawn at any time and the yield rate of 7% has also attracted the attention of many people and institutions. They have transferred funds to Alipay and are preparing to snap up the wealth management treasure on March 21.  At 9 o'clock on March 21, the wealth management treasure went on sale on time, and the 300 billion wealth management treasure was sold out in just over a minute.  The Internet is also blowing up.  "You're kidding me! I went to the toilet and was gone when I came back." "I grabbed 1 million, hahaha." "Could it be that Alipay directly used Yu'e Bao funds to buy wealth management products? 300 billion, one  It¡¯s gone in just a few minutes.¡± ¡°The amount of Yu¡¯E Bao increased by more than 500 billion in two days last week. It was obviously for the wealth management treasure. I dared to go to the toilet at this moment.¡± ¡°I didn¡¯t get it, so I had to make an appointment.  " Alipay sold out 300 billion financial products in more than one minute, which also made the financial industry concerned about financial products tremble. Although they knew that financial products would be popular, this speed still exceeded everyone's expectations.  Is Internet finance really coming?  It¡¯s so hot.  A few years ago, there were some p2p platforms on the Internet that were on the fringes of the law. However, because of their low reputation, not many people invested in them. Only a few people who pursued huge profits bought them as financial products.  After Prince Technology launched Yu'e Bao last year, there were many more p2p companies on the Internet, and the profits of 10% or 20% were very attractive. However, most people still lack trust in products on the Internet.  The scale of the p2p industry is not large.  But with the addition of Yu¡¯ebao and Wealth Management, the scale of Internet finance will be huge.  r1152 The fastest update, please read.  
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