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

Chapter 552 Union's Warm Reminder: Investment involves risks, please be cautious.
"The risk you mentioned certainly exists. If it escalates into a mass incident, it would be troublesome." On the other end of the phone, Fang Jianhua pondered, "It's just that I don't oversee the financial sector."

Fang Qingye didn't respond.

The relationships between officials are delicate, and he generally doesn't offer advice.

"Forget it, I won't think about it too much. I'll go talk to County Chief Wang about this," Fang Jianhua finally decided.

"Second Uncle, please don't mention my name," Fang Qingye said with a smile.

"Don't worry, I won't involve you."

After hanging up the phone, Fang Qingye stopped thinking about it.

After all, investing is a personal matter, and one has no right to interfere with others.

Just as Fang Qingye picked up the documents Hu Lingling had brought, before she could even glance at them, someone knocked on the door. Deng Hui walked in, her expression serious.

"Fang Xing, I want to tell you something."

"You said."

Have you heard that Hongling Venture Capital is starting a P2P platform in Nanxin?

"This has become the hottest topic in our Nanxin County, how could I not know?" Fang Qingye laughed. "You invested too?"

“Hongling Venture Capital’s splitting of loan projects into smaller, clearly suspicious activities are a sure way to get involved! And how could I possibly invest in something that so obviously resembles illegal fundraising?” Deng Hui said.
"From what I understand, many people in our bank have also gotten involved. This is very bad. How can bank employees not have any sense of risk?"

“That is indeed a problem. Deng Xing, what do you plan to do?” Fang Qingye asked.

“For those who have already invested, there’s nothing we can do; they bear the risk themselves. As for those who haven’t invested yet, the bank should issue a clear directive prohibiting further investment! Any violations will result in a deduction from their performance bonus!” Deng Hui said.

"Your method won't work," Fang Qingye flatly rejected. "Investment is a personal matter. If we do this, we'll blur the lines between public and private rights, which goes against the spirit of modern rule of law. It's like some companies issuing notices prohibiting employees from asking for high dowries when they get married. Even if your intentions are good, the approach is unacceptable!"

“But I’ve seen some employees invest thousands or even tens of thousands of yuan. They’re all ordinary employees with low salaries. If something goes wrong, it’s a significant loss, and it will also affect their work,” Deng Hui said.

After listening for a moment, Fang Qingye said, "How about this, we issue a friendly reminder in the name of the union, clearly explaining the risks involved in the project, so that everyone can proceed with caution. Investment involves risks, so everyone should be careful."

“President Fang, you have so many ideas. I’ll go and convey your message to Director Ma,” Deng Hui said with a smile.

"Wait a minute," Fang Qingye called out to her.

"Try to find out privately whether any employees in the credit and risk control departments at headquarters and branches have participated in the investment. If it is confirmed, find a way to transfer them! If they don't even have any awareness of the risks of personal funds, how can they do their job well?! It's a complete joke!"

"Okay, I'll think of something."

After Deng Hui left, Fang Qingye thought for a moment and then called Luo Yan of Huacheng Development and Xie Wei, the general manager of Yuxiang Natural Gas, to explain his intentions.

A friendly reminder in the name of the labor union.

Of course, the Four Seasons Nursery Company was no exception. However, the nursery company did not have a labor union, so Fang Qingye called the deputy manager, Fang Fei, and asked her to tell the workers. Anyway, there were only a dozen or so employees, so verbal notification would suffice.

Unexpectedly, Fang Fei said on the phone that she had already bought it as well.

"How many did you sell?" Fang Qingye asked.

"10."

"Heh, you're quite wealthy," Fang Qingye said with a smile.

"Uncle, what if we lose it all?" Fang Fei asked nervously on the other end of the phone. "It's all the money I've painstakingly saved over the past two years that I've invested." "What can I do? Good luck," Fang Qingye said before hanging up.

Fang Qingye originally wanted to call Song Dahai to remind him, but then she thought better of it.

As the CEO of a group, he should have a certain awareness of risk, especially since his wife, Chen Meimei, used to work in the credit department of Dongfangxing Bank and knows better how to control risk.

We're all friends, it's not good to be too bossy.

Let's leave it at that.

I don't know if it was the union's friendly reminder that worked, but these past two days, there has been much less discussion about Hongling Venture Capital P2P when I go to the cafeteria.

To Fang Qingye's surprise, Deng Hui's investigation revealed that seven people from the credit and risk control departments had indeed made investments!
Of course, this number is not complete, but it's enough.

Fang Qingye looked at the list and marked these people with an "X" in his mind. Of course, he wouldn't fire them for this, but they shouldn't stay in these two departments. He should find a suitable opportunity to work as tellers on the front line.

As for your future promotion, that depends on your performance!

Fang Qingye no longer cared about the matter, but the two were discussing it in a suite at the Chundu Hotel.

Zhou Shipei and Zhang Yu, president of Hongling Venture Capital.

Zhang Yu, who is in his early fifties, was originally a senior executive at Pengcheng Development Bank. He was recruited by Zhang Yu to serve as the company's president. In just over a year, he built a professional team of more than 40 people, almost all of whom were recruited from various banks.

In other words, Changyu decided to abandon the small, dispersed personal loans that are common in P2P lending platforms and instead adopt the "large-order model" used by banks.

The purpose of accompanying Zhou Shipei to Nanxin this time was to promote this large loan of 1.63 million yuan from a private enterprise in Hubei Province.

In order to raise more funds on the platform, Zhang Yu adopted the common bank practice of splitting the loan into 33 parts, each of which was about 5 million yuan. In any case, ordinary investors would not pay attention to this.

The main reason for coming to Nanxin is that it is Zhou Shipei's hometown, where he has certain connections and resources. Moreover, the economy here is relatively developed, and the people have a lot of spare money.

"They've only been back for less than a week, and they've already raised 1.21 million out of the 1.63 million, with 86% of the investment coming from Nanxin!"

Zhang Yu and Zhou Shipei both believed that the remaining 4 million yuan could be settled quickly.

“Mr. Zhou, if the fundraising for this project goes smoothly, we can continue to come to Nanxin for the next round, and we can also expand to the Jinghai area.” Zhang Yu laughed, “The people of Nanxin are indeed rich.”

"Haha." Zhou Shipei laughed: "In recent years, our county's economy has developed rapidly. We have introduced several large projects, and both the government and the people are much wealthier than they were a few years ago."

“When I appear on television, we must seize this excellent opportunity to promote myself extensively!” Zhou Shipei said.

“Of course, Mr. Zhou. With government backing, this is a privilege that most online lending platforms can’t enjoy,” Zhang Yu said with a smile.

Zhou Shipei was quite pleased with himself.

I made the right move by going back to my hometown!

Just then, there was a knock on the door. Zhang Yu went to open it and saw a young man and a young woman, both looking anxious.

They were his employees.

"What's wrong? Come in and tell me." Zhang Yu said, walking into the room.

The two entered the room and closed the door. The young man said, "Mr. Zhou, Mr. Zhang, we just went to the county radio and television bureau, but we were told that the program interviewing Mr. Zhou has been canceled!"

(End of this chapter)