Ruixiang’s investment in Jincheng Consumer Finance has finally been settled, and the China Banking Regulatory Commission has passed the approval.

Ruixiang increased its investment in Jincheng Consumer Finance with 350 million yuan of its own funds, acquiring 35% of the latter's shares, becoming the company's second largest shareholder after Chengdu Bank, which holds 36% of the shares.

Then, Jincheng Consumer Finance held a shareholders' meeting, electing Zhang Yida as the company's chairman and Hong Haibo as the company's CEO...

In addition, an online business department was also established, and an elite team composed of operating personnel formerly using Bei and Daibei technology was dispatched to join Jincheng Consumer Finance.

Their mission is to develop and operate Jincheng Consumer Finance’s first online consumer financial product-Jin Nang Dai.

Hong Haibo has important responsibilities for the group. As soon as he took office, he launched drastic reforms to address the serious and serious problems of Jincheng Consumer Finance.

At the high-level meeting of Jincheng Consumer Finance, a group of executives looked at Hong Haibo, who was sitting in the first seat and read out the company's new regulations, with trembling eyes.

"First, from the perspective of saving the company's operating costs and improving the company's operating efficiency, a three-month "performance appraisal" will be launched next!

Those who fail to meet the assessment standards will be punished by demotion, salary reduction, expulsion and other penalties based on their three-month work performance.

Second, establish a compliance and supervision department to severely crack down on negative phenomena such as accepting bribes and kickbacks from customers.

Once verified, the employee will be dismissed, and in serious cases, the employee will be transferred to the judicial authority for processing.

Third, gradually reduce the volume of offline second mortgage loan business, and the entire company's business focus will shift to online.

All offline departments have begun to optimize their own departmental personnel structures and are conducting training and job transfers one after another...

…”

Hong Haibo read out more than a dozen new rules in front of Jincheng Consumer Finance executives.

Every time he recited a new rule, the faces of the executives darkened.

How is this a new rule? It’s simply a life-threatening Yama!

Some executives were not happy after hearing this. If they did this, they would completely overthrow Jincheng Consumer Finance Company and rebuild it.

This not only completely negates their past efforts, but also weakens the authority that harms them.

"Mr. Hong, are you a little too hasty in doing this?"

"Yes, Mr. Hong, housing second mortgage loans are currently the mainstay of our group's income, and last year we created a profit of nearly 70 million yuan.

Such a profitable business is to be cut off like this? Mr. Hong, please think twice!"

"Mr. Hong, it's not contradictory to carry out online and offline business at the same time, right? Why use such violent means to lay off employees?"

Hong Haibo looked at the executives of Jincheng Consumer Finance who spoke out against his new rules. They all spoke fiercely and spit.

He knew that these people should all be members of the Chengdu Bank.

Although Malaysia's Hong Leong Group holds 49% of the shares, the control of Jincheng Consumer Finance has always been firmly in the hands of Chengdu Bank.

It's amazing that Hong Leong Group just hired a few people in the finance department to supervise its financial rights.

Abolition of offline departments, punishment of internal corruption, improvement of work efficiency, comprehensive online transformation, etc. are all the methods he and Mr. Zhang discussed to bring Jincheng Consumer Finance back to life!

In the words of a great man, it means concentrating strength to do great things!

Why was Yimin Financial Services split up? It was because its financial business was too complex.

If it is not split, it will involve many businesses and there will be many reporting levels, which will inevitably lead to low work efficiency.

Why Internet companies pay attention to "flat management" and even reduce middle management is to make internal communication smooth.

Take Yimindai as an example. Its main business is various types of installment loans, education installments, medical beauty installments, etc.

This small-unit approach allows Yimindai to always maintain focus and efficiency.

Yimindai’s competitor Youqianhua is the consumer installment department under the Internet Finance Business Group of Qiandu Group.

Qiandu has a father and a grandfather on his back when he has money to spend, which puts a lot of constraints on him, so he is always slow to do things.

Hong Haibo remembered the reason why Yimin Financial Services was split up that Mr. Zhang explained to him, and he learned a lot.

Jincheng Consumer Finance’s offline loan operation model, in Hong Haibo’s opinion, is indeed too old. It cannot improve efficiency and its scale growth is also very slow.

So reforms must be carried out!

And reform requires touching the cheese of vested interest groups!

Hong Haibo raised his hands and pressed them in the air a few times. Then the executives became quiet and wanted to hear what he had to say.

"This is the plan negotiated by the shareholders!"

Hong Haibo continued with a straight face and solemnly: "We are the executive level, we just need to implement these plans in place!

Mr. Zhang made a promise to all shareholders to expand Jincheng Consumer Finance’s loan scale and net profit sixfold within three years.

To fulfill this commitment, everyone in our company must follow the rules and regulations and work together.

At this critical moment, I don’t want to hear anyone slip up.”

The faces of all the senior executives were ashen, what a powerful official!

However, the situation was so pressing that they did not dare to openly speak out against it.

The complaint just now was used to test Hong Haibo. But Hong Haibo reacted so violently, they were really afraid that they would be used to scare the monkeys.

There are still three fires for a new official to make when he takes office, and this is the first one that has been burned, and there are still two more to go!

Standing behind them and supporting them is Chengdu Bank, but Chengdu Bank has handed over the management of the company to Ruixiang.

Faced with this situation, they could only give in.

Ruixiang will be at the helm of Jincheng Consumer Finance for at least three years. All the executives lamented that the good old days may be gone forever.

…

"Uncle, I can't do this job anymore!"

As soon as Wang Peng, a salesperson from Jincheng Consumer Finance, walked into the room, he started crying to Wang Fei, the president of Rongcheng Bank, his biggest backer.

Wang Fei was appreciating a piece of jade in the study when he saw his nephew walk in with an angry look, cursing as he walked.

Wang Fei frowned, "What can't you do anymore? Do you know how difficult it is to find a job now?

Oh, do you think you can find a good job just because you are a returnee from overseas?

Let me tell you, overseas returnees are worthless now, especially since your university is not from Europe or the United States. The universities in the small country of New Zealand are worth a damn!"

Wang Peng's face turned red, knowing that his uncle was always helping him, so he didn't dare to speak forcefully.

Wang Peng said with a bitter face: "You really don't blame me. Those "new rules" formulated by the company will make you angry to death.

First of all, you cannot collect commissions from customers on their loans.

In the past, if I completed a loan of RMB 5 million in a month, I could get RMB 100,000 to RMB 180,000 in rebate points alone.

All gone now!

The most outrageous thing is that now when a customer comes to sign a contract, both the customer and the salesperson must sign a commitment letter, requiring both parties to promise that there will be no private transactions.

If violated, legal liability will be pursued.

You judge me, if you do this, am I going to drink the northwest wind? I only get several thousand yuan in salary every month, and I don’t even have enough money for gas!"

Wang Peng was very excited, his face turned red, and he poured out all the pain in his heart!

His chest was heaving up and down, and he was breathing heavily. He was short of oxygen after talking too much all at once, and it was a bit overloaded for his body, which had been depleted by alcohol and sex for a long time.

Wang Fei didn't say anything. His nephew's salary suddenly dropped from 180,000 yuan to a few thousand yuan. The difference was indeed a bit big, and it would be difficult for normal people to accept it.

"Hey, isn't there a commission within the company? How come you only get a dead salary?"

Wang Fei glanced at his nephew suspiciously. This kid was probably exaggerating.

"Yes, yes," Wang Peng secretly glanced at his uncle and whispered: "It's very low, only 0.5%."

"That's okay! Including the basic salary, your monthly salary is 30,000 yuan, which is almost as much as my salary."

Wang Peng waved his hand, "It's not that simple. The commission is also linked to the overdue rate of loans issued by each salesperson!"

As a bank president, Wang Fei was naturally familiar with these tricks, so he asked: "What's wrong? Those customers of yours are very bad?"

Wang Peng said sarcastically: "It's not that bad. It's just that when we do business, sometimes it's inevitable that we can't make enough money."

Wang Fei pointed at Wang Peng, "You, you, Xiao Jiujiu here, you still want to hide it from me. Are qualified customers willing to give you a two-point rebate?"

Wang Peng smiled "hehe", which was regarded as acquiescence. In front of his "high and powerful" uncle, he did not dare to play tricks.

"Isn't Jincheng Consumer Finance going to launch that brochure loan recently? You are also a college student after all. Why don't you transfer to the operation position and try it?"

Wang Peng shook his head repeatedly, "I can't do that job! I just like to drive around every day, meet customers everywhere, and discuss business over tea and dinner.

Besides, the salary for that operation position is low, there are many things to do, and you have to work overtime every day.

The most annoying thing is that you have to go through various trainings and exams!

If I had just made up my mind to study, why would I have gone to New Zealand to study? Peking University Aoki would have been no problem!"

Wang Fei laughed, "You kid! In high school, you went to Chengcheng No. 7 Middle School, the best in the Sichuan-Sichuan area, but you only scored 300 points in the college entrance examination.

Hey, I feel so shameless when I meet the friends I trusted in my relationship at that time!"

Wang Peng chuckled and said, "Who made you my uncle?"
To be continued...