At this time, it is no longer the separate online shopping market before.

In the past, every year, the funds involved in our payment institutions exceeded the level of 100 billion.

But what about now?

Now in the first quarter alone, the inflow and outflow of Wankatong's funds is terrifying and scary.

In the first quarter, Wankatong inflowed more than 400 billion yuan from various channels!

This market is still expanding, and it will only be more in the second quarter, and will become more and more in the future.

Over the whole year, Wankatong may inflow more than two trillion yuan!

Lao Ma, you say that the government may not supervise such a large amount of capital flow?

We can actually not do much now…”

Ma Yun shook his head and said, "You are wrong, we can do a lot!

If you don’t fight for some things, others will not give them to you. Instead, they will think you don’t need them, so they won’t give them to you.

Just like before, the payment license is due to our repeated efforts.

If we don’t fight for it, then let alone last year, this year or even next year!

This is the difference between hard work and not working hard. If you accept it and support any policy, you will sooner or later be bound in a small circle and eventually die or decline.

And this is not what we want to see.

We may not be able to reverse the overall situation, but at least we need to take some actions to let others see it. We also hope that this industry can become better, achieve perfect supervision, and do the most powerful risk control measures!"

"You said, what do you want me to do?"

Li Dong went straight to the point, he wanted to see what Ma Yun said.

Ma Yun smiled and said, "Eat first, let's talk about it later."

"I'm not hungry. Just after eating, you just want to tell me your purpose, so as not to be unable to eat later."

Ma Yun turned to look at him and said for a while: "Simple, the purpose of everyone coming with me is actually beneficial to you.

At present, we have reached a preliminary intention.

First, as always, we unite again and make our own voice.

Third-party payment institutions should not be included in the non-financial system, especially after payment licenses are issued, we are also regular soldiers and no longer wild ways!

Since the government has passed the review and issued a formal license to us, it means that they have recognized us.

There is no reason to double standards, and we are defined as non-financial institutions at critical moments.

Internet finance is also the financial industry!

Second, apply for more photos in the financial industry, including private banks and micro loan licenses.

The funds flowed through us without reason and eventually made others cheaper.

The Internet finance industry needs to be improved, and a single payment and money funds are not enough to support a new industry and industry..."

"oh……"

Li Dong said perfunctorily insincerely, and Ma Yun frowned and said, "Do you have any different opinions?"

Li Dong smiled and said, "No, but I won't participate."

"Why!"

Not only Ma Yun, but also the bosses of other payment institutions are anxious.

If Li Dong doesn’t participate, how can you continue to play?

Li Dong curled his lips and said speechlessly: "Why are I doing something big? That's all?

What you said is you, not me.

Well, I'm honestly, I'm applying for a consumer finance license now, and once the application is approved, all the problems are not problems.

So, I have some differences with you.

Why, seeing that I haven’t moved yet, I feel like I’ve given up?”

Li Dong sneered, in the financial field, you still have to get several major licenses.

Especially in the new financial field, licenses are fundamental.

First, a third-party payment license is actually not difficult to get.

When I issued the license before, I got a lot of companies.

Second, Internet funds and sales licenses.

This is also a new policy that only appeared not long ago, and it is also because of the emergence of money funds such as Yu'ebao, and the central bank and the CSRC have made adjustments.

At the same time, the third license, the Internet insurance license, was also issued.

These licenses can be obtained from afar and Alibaba can also be obtained.

The remaining few licenses are more difficult.

The private banking license mentioned by Ma Yun, the Internet micro-loan license...

At present, none of them have been released, but there is only this intention. The government said it would issue it. Ma Yun's intention was obviously the same as before, and continue to urge the government to quickly introduce these policies.

Once you have these licenses, it will be much easier to deal with, and some current restrictions and violations are no longer a problem.

Especially for the micro loan license, Ma Yun said a long time ago that it supports small and medium-sized enterprises.

How to support it?

Of course it's a loan!

But without a micro loan license, loans are illegal, especially between companies and companies.

But if you get a license, you can not only comply with the rules, but also use leverage.

In other words, once you get a micro loan license, you can use more than just your own money, including some reserve funds.

Of course, there are limitations in the leverage.

If you can truly achieve high leverage and have very little restrictions, it is actually a consumer finance license.

A consumer finance license, a consumption, represents many things.

This was a new policy that the country released in 2008 when the economic crisis was in order to promote consumption.

Consumer finance, including automobile consumption, education consumption, decoration consumption, tourism consumption...

In short, except for mortgage loans, you can do all other consumer loans as long as you get this license, and you are no longer limited to a certain field.

The micro loan license he mentioned is actually very limited, including the amount.

There are many areas for consumer licenses, and the conditions for obtaining consumer finance licenses are higher than all license requirements.

Once Li Dong successfully applies, Wankatong can do a lot of business next.

It is no longer an illegal and irregular operation in the early stage, but a serious behavior of treating yourself as an online bank, which is all compliant.

Of course, the application requirements for consumer finance licenses are also very high.

Otherwise, Li Dong would not have said that he was different from others.

What conditions?

First, as the initiator, financial institutions have a total assets of no less than 60 billion at the end of the year, and non-financial institutions have a revenue of no less than 30 billion.

What is this concept?

The concept is that the previous three bat companies combined have an annual revenue of less than 30 billion.

How to apply?

In particular, Alibaba has also divested Alipay. If Alibaba does not use it as the initiator, but Alipay alone, where does Alipay get its annual revenue of 30 billion yuan?

Revenue is the actual performance of the company, not the turnover, which is different.

Therefore, no domestic Internet companies, including Internet payment institutions, meet the conditions today, and the gap is still very big!

Unless they do not regard themselves as the initiator, then another problem will be born, the shareholder problem!

In the distance, there are no these restrictions.

Wankatong can apply with Yuanfang Holdings as the controlling party as the initiator. Yuanfang Holdings, which is now Yuanfang Group, has both revenue and assets exceeding the requirements.

If you apply here from afar, there is a high possibility of passing. The only flaw is that Wankatoon has not been established for too long and cannot produce a perfect financial report.

Of course, these are actually not a big problem, and are much simpler than not meeting the hard conditions.

Yuanfang is currently applying. Once approved, Yuanfang can officially lend to the outside world.

And with these licenses, especially consumer finance licenses, there are more things that can be done.

A general micro loan license can support two to three times the leverage.

If you have a capital of 100 million yuan, you can lend 200 million yuan to the outside world at most, which is extremely risky.
To be continued...