In fact, Yu’e Bao is an efficiency revolution.
Online shopping has become fashionable, which is a major change in the business field. With the further development of online shopping, it may be an efficiency revolution in the field of commercial shopping, a part of social progress, and an area where the Internet system improves the efficiency of social operations. We know that the popularization of the Internet has contributed a lot to the improvement of social operating efficiency, and this is the continuous deepening of its contribution.
With the development of online shopping, some huge service providers have been formed, such as Alibaba. These service providers provide a more convenient and safer online shopping environment, further promoting the development of online shopping. Although online shopping cannot completely replace the traditional business model, sharing a considerable number of business transactions is an inevitable trend. Just share a small part now, maybe later share most of the business transactions. Convenient online commodity transactions require customer registration and a customer's bank account. Although online transfers are very convenient, if customers register capital accounts with these service providers, they do not need bank transfers and it is more convenient to purchase goods online.
Some customers who frequently shop online will transfer part of their funds to fund accounts managed by online shopping service providers. Online shopping service providers realize that the account funds of many customers will be a huge amount of money, and if used, they will have great utilization value. Since the balance of these accounts is used, the more the better! The design of Yu’e Bao has been completed. Granting higher capital gains and allowing people to transfer more money to Yu'e Bao is a win-win strategy that benefits both customers and online shopping service providers. Naturally, Yu'e Bao's funds expanded rapidly, forming a trend.
There are a large number of IMF organizations in the financial field, and these organizations that specialize in improving capital returns are all ready-made. Yu'ebao only needs to hand over the collected funds to them, and does not need to establish its own fund investment system. In other words, Yu'ebao's fund profit system has a very low cost. This lays the efficiency foundation for Yu’e Bao to return a high proportion of customer revenue.
With the expansion of the Yu'e Bao fund, if the fund is handed over to a fund company, it will be difficult for the fund company to control this huge fund, and the fund management effect will also be difficult to achieve. Moreover, capital is too concentrated and the risks are too high, which is also worth worrying about. Therefore, in order to increase the safety factor, Yu'e Bao Fund should not put its eggs in one basket, diversify its investment channels, and hand them over to multiple fund companies. Once fund companies are diversified, Yu'E Bao's fund system will face the problem of selecting fund companies. This should not be the final decision of Yu'E Bao's CEO alone. This means that Yu'ebao also needs an internal Yu'ebao fund investment system at this time, and specialized financial personnel are needed to make decisions about who to give funds to and how much to give.
I don’t want Yu’ebao to have problems. This is a new thing after all. If something goes wrong, it will be in terms of financial security. Once something goes wrong, things like Yu'e Bao may actually be banned. There is an excuse after all.
Another major innovation of the Yu'E Bao system is to provide small loans to merchants, which already shows that the Yu'E Bao system has the function of a bank. Yu'e Bao's systematic microfinance is an important outlet for Yu'e Bao's funds, and may even be the main outlet in the future, depending on its development.
Yue Bao's small loan model makes it easier for customers to identify, greatly reduces the cost of loan issuance, and the loan safety factor is significantly improved, or not low. This is an innovation in the financial field and an improvement in the efficiency of financial loans. It deserves encouragement from the state and has a bright future. This should be the most cherished and proud part of the Yu'E Bao system. As long as the loan safety factor does not decrease, it is hoped that Yu'e Bao will increase investment in this area and lead the development trend of China's financial field.
Since Yu’e Bao also participates in loans, it is not much different from the traditional banking system, and it must be subject to financial management supervision by relevant national financial management agencies. When the customer's bank transfers funds to the fund company, it is reasonable for the bank to charge a part of the fee. However, during this transfer process, the bank's procedures are relatively complicated, which wastes the customer's time. Many bank depositors don't know how to transfer money to fund companies. The emergence of Yu'ebao has made the procedures more convenient, allowing more customers to indirectly transfer money to fund companies through Yu'ebao's agents.
The Yu'e Bao system has the advantages of uncomplicated procedures, high operating efficiency, and low cost, resulting in customers receiving a large proportion of the fund company's income. In other words, increasing the capital income of ordinary people is a good thing that benefits the people. The conclusion is that Yu’e Bao is a good thing that benefits the people if the funds can be guaranteed.
The emergence of Yu'e Bao can replace some functions of banks, such as the function of bank transfer to funds, which reduces the burden of similar businesses on banks and frees banks from this small-amount transfer business. Similar small-value bank transfers can gradually shrink or stop growing rapidly. Either way, it is progress in the financial field and an improvement in efficiency in the financial field. Therefore, this is a good thing that benefits the country and the people.
All bank loans correspond to deposit reserves. It would be unfair if Yu'E Bao's small loans do not have the reserves corresponding to the Yu'E Bao system. Therefore, a similar proportion of reserves must be levied on the loan limit of Yu'E Bao. The reserve is only levied on the loan amount of Yu'e Bao, allowing it to compete equally with the bank loan field, and has no other purpose.
The system legally and reasonably borrows some functions from the traditional banking system, mainly the transfer function, so Yu’e Bao cannot be said to be a parasitic survival model. This is a new direction for financial development. It is understandable that the traditional banking system must gradually adapt to this situation and charge certain transfer fees. In short, Yu'e Bao is a new thing and an efficiency revolution in the financial field.
The impact of Yu'e Bao is significant, resulting in the shortening of the residence time of bank demand deposit currency in the bank and the reduction of the bank's available value for demand deposits, which depends on the extent to which the residence time of demand deposit currency in the bank is shortened. The result of the long-term operation of the financial market is that deposit interest rates fall and people's income from demand deposits declines. People are more willing to convert their current deposits into time deposits, or into various funds such as Yu'E Bao. This is the normal adaptation of everyone (including banks or depositors) to the Yu'E Bao phenomenon through the free financial market model.
The future decline in deposit interest rates depends on the development of new products such as Yu'E Bao and the value of demand deposits. If the value of the demand deposit is low, the interest on the demand deposit will drop to zero or even be negative. In short, financial markets will gradually adapt to new things, and the government should not make decisions lightly. What we do should be left to the market as much as possible. The market will determine the future situation.
Related Q&A: Related Q&A: The loan is used to open a store, but when I receive a call, one moment I receive a call saying that I will use the loan money for stocks, and the other moment it says that I will use the loan money for financial management (the loan will be put into Yu'e Bao), what should I do?
As a senior bank loan business manager, I have the most say!
First of all, let me introduce to you a law and regulation from the China Banking and Insurance Regulatory Commission: any bank loan funds issued by financial lending institutions are earmarked for special purposes, such as company operating loans and personal purchases of luxury goods. Or consumer loans such as house decoration, must be earmarked and cannot be used to repay credit cards or other loans. It is strictly prohibited to purchase any real estate, stocks, or financial products!
Secondly, I would like to introduce to you the punishment measures of the China Banking and Insurance Regulatory Commission: once the borrower receives the loan, it is reported by someone, or the background fund supervision of the China Banking and Insurance Regulatory Commission inquires that the borrowed funds flow to the stock market, property market, financial management, etc. Illegal operations, 1. If the circumstances are minor, a warning will be given; 2. If the warning is ignored, or if the circumstances are serious, the loan interest rate will be raised; 3. If the circumstances are particularly egregious, the loan may be forcibly withdrawn, the illegal investment income will be confiscated, and a fine will be imposed !
So, do you understand? If you receive a call from post-loan management, first of all, you have to check yourself to see what the purpose of the contract you filled out for this loan is, and then after you get the funds, you What was actually done?
Have you ever used it to buy stocks or financial products? If not, that’s better,
If so, you don’t need to panic. Just check whether the person calling you is a private number or a bank (or the official customer service number of a loan financial institution),
If it’s a private number, or the phone number is not the bank’s customer service number, then don’t worry, it’s most likely a telecommunications fraud, just block it!
If it is the official customer service number of a bank or loan financial institution, you should take the initiative to call back and ask what the specific situation is, what was monitored, and whether you have actually operated it. If you really violate the rules, you will not admit it. Just say that you didn’t do it by yourself, that you don’t know and don’t admit it, and then say that you should be careful next time so that you won’t make a mistake! If you have a good attitude towards admitting your mistakes, nothing will happen to you! Then don’t do anything illegal next time! (According to what you said, you deposited the loan funds into Alipay’s Yu’e Bao. Yu’e Bao itself is indeed a financial product, and you are indeed operating in violation of regulations!)
If you are For business purposes, it is true that the money is transferred to the product seller, but your upstream company invests your money in the stock market and property market. The China Banking Regulatory Commission will also detect it. This is an indirect violation, so this must also be related to It would be great if the bank explains clearly and defends itself!
The last thing I want to tell you is that in fact, banks, financial institutions, and the China Banking and Insurance Regulatory Commission will conduct fund supervision. Generally speaking, they will monitor the whereabouts of funds in the first three months and the first three transactions of the loan account and repayment account. , in fact, for many years of financial industry, many borrowers, after taking out a loan, most of them buy a house, buy a car, or speculate in stocks. In order to earn a certain amount of interest, banks will mostly do it as long as they do not go too far. They all turn a blind eye (just like the bank's arbitrage behavior against most credit card holders, after all, the bank also has a profit). As long as it is not monitored by the China Banking Regulatory Commission, or is not complained to the China Banking Regulatory Commission by others, it will generally be fine!
Therefore, borrowers cannot directly flow funds to the stock market, property market, credit card, loan repayment, and purchase financial management with great fanfare. For example, you can make an appointment to withdraw large amounts of cash, for example, you can use multiple relatives and friends to You can make multiple transfers, or you can combine the two. Of course, cash withdrawal is definitely the best. As long as it is not monitored by the bank or the China Banking Regulatory Commission, you will be fine! !
I am Mr. Hua Tsai, a professional practitioner in the financial field. Follow me and I will help you learn more about financial knowledge! !