Rebirth: Super Banking System

Chapter 2272: Chapter 2092: Huabei

India.

At this moment.

Seeing some countries’ water pollution control going full steam ahead, my heart is filled with envy. Thinking about our own country, many people are frustrated!

Damn!

At the end of March, the Foundation gave nearly $1.5 billion to the Myanmar Environmental Technology Company, but now it’s the end of August, and the project hasn’t started yet.

Helpless.

Speechless.

No solution.

All regions have a "I don’t have it, so you can’t have it" attitude. In the end, there’s no choice but to sit and wait. If we’re still waiting by next March,

Oh, come on.

Do we still care about face?

"Look at them, the time from project approval to start of works is just one month. Then look at India, the money is in the accounts, but the project has been dragging for almost five months."

"Useless bureaucrats."

"Useless."

"So inefficient, it’s a disgrace!"

"..."

So many people are heartbroken, lamenting, cursing, but the media remains as calm as ever, because this is no longer a hot topic in India.

Five months.

So many people have become numb to it.

Meanwhile.

Many people also suggested.

---Cash out.

Let the Myanmar Environmental Technology Company return the money, at least they can split it up, right? Many people left messages at the bottom of the Ou Wei Foundation’s official website to see if this was possible.

However.

The Foundation calmly replied: This money was mostly donated by overseas Indians, and they specified the use of the funds when they donated, giving it to the Foundation to prevent misuse.

Therefore.

Counting on cashing out.

Dream on!

In fact.

Overseas Indian communities have also spoken out, clearly stating that this money must be used for desert management and they firmly oppose any form of misuse.

Humph!

Overseas Indians aren’t fools. Now they’re making noise, but would they stop if it was cashed out? Among those clamoring for cashing out, there might be influences from various regions.

Therefore.

They firmly oppose cashing out.

What a joke.

Who knows whose pocket the money would end up in after cashing out. Tens of billions of dollars, this is a huge sum, to many people, it’s a lucrative opportunity.

...

India.

Somewhere.

"This money, it seems there’s really no way to cash it out. Our overseas publicity had almost no effect. Damn, why are these people so inflexible."

"Donating items or money, isn’t it the same thing."

"Humph!"

"A group of ungrateful bastards."

"..."

An obese Indian man grumbles, tens of billions of dollars, if the remediation project is implemented, they won’t make a penny.

However.

If it’s turned into donations, they can pocket quite a bit, just thinking about it makes them drool, but unfortunately, the donors would not budge, and they can only watch from the side.

Envy.

Jealousy.

Hatred.

Thinking back to the end of March, when the Ou Wei Foundation transferred over 3 billion dollars in donations to the Myanmar Environmental Technology Company at an astounding speed.

It makes people so envious they’re about to explode.

Damn!

Do they have any risk control awareness at all? Do they have any insurance measures? Do they even consider the feelings of others? Watching it makes people so damn envious.

More than 3 billion.

And in dollars.

Oh my God!

This is such a massive fortune, given directly in cash to a company, is there any other company in the world that gets such treatment?

No.

No.

Yes.

The Myanmar Pharmaceutical Group. This company also received huge donations, ever since the transcription fluid came out, the money hasn’t stopped coming in, it’s there every day.

They’re literally getting money while lying down.

Sigh!

Frustrated!

The more I think about it, the more frustrated I become.

Their medical technology is also among the top in the world, even though their reputation was mainly built on generic drugs, the transcription fluid, however, cannot be copied.

Annoyed.

At this moment.

A new piece of news arrived.

"Overseas Indian donors signed a petition, urging Indian regions to make a decision quickly, otherwise no more donations for public welfare projects in India will be made in the future."

After listening.

Another round of arguing ensued.

However.

Some are still rational, knowing that the desert remediation project which hasn’t been implemented in five months has angered these people, and what they fear is the public opinion.

And this.

Also made it to the media in various countries on the same day.

Infighting.

It’s the favorite of all media, earlier it was India’s unilateral inaction, this time a new force has joined, and with conflict, there’s news value.

For a while.

It was buzzing with excitement.

...

On the other side.

Huaxia.

Shanghai Stock Market.

Tang Qing just glanced at it and no longer paid attention. Whatever happens in India and how long it takes has nothing to do with him, since the money is already in the accounts.

Three years.

Five years.

Ten years.

If they wish, whatever.

At this moment.

He’s in a meeting with Ali.

"Dear directors, after nearly a year of design and revision, we have completed all the tests on Huabei and can update it online at any time."

A vice president reported this good news.

Huabei.

It was launched much earlier than in the previous life. In fact, Ali had been doing business related to loans for a long time, just not for general consumers.

Last time.

Epoch was launched, adopting an installment payment method similar to ’white bars’, greatly lowering the threshold, which caught Ma Yun’s interest.

So.

Project approval.

Started the work.

Until today, a finished product is finally out.

Of course.

The name was given by Tang Qing, although history is eerily similar, it’s not identical, especially with him as a major influence.

"Good."

"Good."

"Good."

Ma Yun said good three times.

Huabei.

It means a lot to Ali, first of all, it can stimulate consumption, secondly, it can earn some money, thirdly, it helps accumulate experience.

Nowadays.

Ali isn’t just settled in one corner, it has expanded in dozens of countries globally, some even launching and operating already.

Therefore.

Consumer finance is an unavoidable product for Ali, and no one wants to avoid it, he had wanted to do this for a long time, mainly restricted by policy.

It’s not something you can just do.

After all.

Ali’s money is limited.

This time.

He only put out 600 million to test the waters. Once the money runs out, they can either apply for a bank loan or do ABS, issue bonds, and raise funds.

All require policy.

This year.

Once the restrictions were lifted, Ali quickly launched the project, with 600 million as the base, leveraging a nearly 2:1 bank loan, they could get nearly 2 billion in funds.

Next.

The banks won’t lend anymore.

That’s okay.

The country gradually opened up ABS (Asset-Backed Securities financing), once this 2 billion is spent, they can use existing ’premium Huabei loans’ as support.

Raise another 2 billion in the capital market.

Spend it.

Raise again.

One round.

Two rounds.

Three rounds.

...

As long as this ’secured product’ has high credit, meaning that consumers have a high willingness to repay, Ali’s Huabei will never lack money to lend to consumers.

It can keep circulating.

Tenfold.

Hundredfold.

Rolling into a trillion-dollar fund isn’t a difficult matter. But Ma Yun hasn’t thought that far, for now, he mainly wants the project to operate smoothly.

Beside him.

Tang Qing is extremely calm.

Huabei.

In the previous life, it took several years from an initial 3 billion fund to a 300 billion fund, it’s undeniable that this business was quite stable.

Later.

The Central Bank saw it.

Wow!

The leverage exceeded a hundred times.

No way.

Later the Securities Regulatory Commission, the Bank, and the Central Bank decided after research that the number of issuances should be limited to five times, but that’s later down the road, currently, there are no restrictions.