I'm in the county town, and you say I'm a big shot?

Chapter 550 Welcome President Fang to Invest in Our P2P Project
"Oh, what do you want to collaborate on?"

“Regarding P2P, President Fang, you must know a lot about it, and President Chen, who returned from the United States, is an even bigger expert—this thing itself originated from the United States, so my Hongling Venture Capital would like to cooperate with President Fang and your Jinghai Bank in this area,” Zhou Shipei said.

"How exactly will we cooperate?" Fang Qingye asked, looking quite interested.

"The first option is very simple. We welcome Mr. Fang's Jinghai Bank or individuals, as well as elites like President Fang and President Chen, to invest. Hongling Venture Capital is currently engaged in large-scale P2P business and has launched some financing businesses with relatively large targets. We welcome everyone to invest."

As he spoke, Zhou Shipei took out several documents from his briefcase and handed them to the two men.

"These are some of our recent financing projects. Detailed information is available on our official website and mobile app and is completely open to the public."

方青叶接过来一看：鄂省2号特标项目融资（33），借款金额500万。借款年利率11%年/年，月利率0.92%/月；
Repayment method: Interest is calculated daily until maturity; Loan term: 15 months.

The project description follows:
The loan company is a leading enterprise in the domestic gold processing and manufacturing industry, one of the top 100 private enterprises in a certain province, and has been listed on the stock exchange. Its main business is the processing and sales of gold products. It has strong financial strength and its total assets, revenue, etc. are very detailed.

Seeing that the two were looking at it intently, Zhou Shipei took out his phone, opened his company's app, and handed it to them to look at.

“这里有动态显示这款融资项目的投标动态结果：已投标299笔，获得资金1373943元，项目剩余时间4天23小时8分6秒.”

"See? This project, also worth 500 million, has already completed its financing round. If you two are interested, you can invest. We also welcome Jinghai Bank to invest directly!" Zhou Shipei concluded.

"An 11% loan interest rate isn't high," Fang Qingye said with a smile.

“That’s not true. Anything higher would be a scam. We at Hongling Venture Capital don’t do that kind of thing,” Zhou Shipei said with a magnanimous air.

“But, Mr. Zhou.” Chen Danlu, standing beside him, frowned as he looked at the financing projects, each worth millions.

"In China and the United States, the P2P model is generally focused on small-scale loans, usually hundreds of thousands of yuan. You're doing a project worth millions. If the borrowing company can't repay on time, it will be a huge bad debt. How does Hongling Venture Capital conduct credit assessments and risk control for borrowing companies?"

Faced with Chen Danlu's pointed questions, Zhou Shipei appeared confident and composed.

"Don't worry about that. Honglingchuang has a professional risk management team, provincial branches in various provinces, and has established an Internet Finance Academy. We recruit and train graduates from various financial colleges and universities and send them to various departments and branches. There will be absolutely no problem with risk control."

Chen Danlu shook his head but didn't say anything more.

Fang Qingye smiled and asked, "I understand that. What other cooperation models are there?"

"The other one is a bit more complicated. Our Hongling Venture Capital is not only doing P2P, but also wants to expand the market to do P2F."

P2F stands for Person-to-Financial Institution Products, a financial model where financial institutions provide debt on a platform for investors to purchase.

“This type of P2F is more stable and has lower risk than P2P, which is favored by some conservative investors. However, Hongling Venture Capital does not have banking qualifications and cannot engage in this business. Therefore, we would like to cooperate with Jinghai Bank to do it together and share the benefits. We can have in-depth discussions on how to cooperate.”

"Actually, when I was in Shenzhen and working on this project, many bank presidents came to me, such as Dongguan Bank, Nanyue Bank, and Huijing Bank, etc. After all, Hongling Venture Capital is a nationally renowned online lending platform with a large scale and good reputation. But I thought, we are from the same hometown, we know each other well, and if we want to make money, we should do it together. We shouldn't let the profits go to outsiders."

Zhou Shipei spoke eloquently, and Fang Qingye seemed to listen very attentively.

"So, President Fang? Are you interested?" Zhou Shipei asked finally.

"How about I think about it first?" Fang Qingye replied with a smile.

“Sure, I’ll be staying in Nanxin for a few more days. Feel free to contact me anytime. Tonight I’m hosting a banquet at the Chundu Hotel, and I’d like to invite you, President Fang, as well as Chairman Song from Kerry Group, General Manager Qian from Tenglong Group, and other big bosses from Nanxin. I’ve made the right choice in inviting them all, and also President Chen, you’re a returnee, an elite.” Zhou Shipei looked at Chen Danlu with envy. “Oh, I’m sorry, I can’t attend. President Chen just arrived in Nanxin today, and our bank is holding a welcome dinner for him. Thank you.” Fang Qingye politely declined.

“Okay, I’ll treat you separately later.” Zhou Shipei was quite straightforward: “You guys discuss it first, I’ll go to Kerry Group to find Chairman Song.”

"Okay, you're busy, I'll take you." Fang Qingye stood up.

Fang Qingye only escorted Zhou Shipei to the stairwell before turning back to her office, where she found Chen Danlu looking at something on her phone.

Fang Qingye had just sat down when she heard Chen Danlu say, "There's a problem."

"what is the problem?"

“Look, look at this Hubei Province No. 2 Special Project Financing (5) This project has a loan of 500 million yuan, which is considered a relatively large loan project. Currently, this project has been fully funded.”

"This is the same as the Hubei Province No. 2 Special Project Financing (33) that General Manager Zhou told us about, except for the number suffix, all other information, including the borrower, loan amount, loan interest rate, and loan term, is the same,"

"Without a doubt, these are two loans from the same company. Judging from the suffixes in the numbers, this company has taken out 33 loans to date, with a total amount that may be as high as 1.65 million yuan! Isn't this just splitting loans?"

"Furthermore, a company actually borrowed 1.65 million yuan. Even banks wouldn't dare to lend that much; they would have to conduct thorough investigations and risk assessments. Is Hongling Venture Capital really that bold?!" Chen Danlu looked incredulous.

"The bolder the person, the greater the harvest," Fang Qingye laughed. "Don't bother looking at it. This thing is just a scam to fool those financial novices who want to invest but don't know where to start."

He picked up his teacup and took a sip: "Let's get back to the main topic. Now, what's your opinion on P2P lending? Do you think Jinghai Bank should or shouldn't do it?"

“I suggest not doing P2P lending. The competition in this area in China is very disorderly. If the annualized interest rate offered is too low, it won't attract investors. If it's like other online lending platforms offering 20%-30% annualized returns, then it's a scam, and the platform might even be running a Ponzi scheme,” Chen Danlu offered his opinion.

Fang Qingye nodded.

“However, another of Jay Chou’s models inspired me,” Chen Danlu said.

“P2F?” Fang Qingye asked in return.

"Yes, we can consider it. After all, we are a bank, which gives us a natural advantage. Instead of cooperating with Hongling Venture Capital, why don't we go it alone?"

"We can try, but we should be cautious," Fang Qingye stated.

Following a welcome dinner that evening, Jinghai Bank convened a meeting the next morning for its middle and senior management to welcome Chen Danlu to the company.

From then on, Jinghai Bank adopted a leadership structure of one president and three vice presidents.

Chen Danlu only stayed in Jinghai for two days before rushing back to Shanghai to take over from Zhao Wenjun and continue to prepare for the establishment of the Pudong branch, starting the creation of a "super branch" within the Jinghai banking system.

Chen Danlu's joining only caused ripples within Jinghai Bank, while the entire Nanxin County was being thrown into chaos by another person.

It's Zhou Shipei from Hongling Venture Capital.

(End of this chapter)