After returning to Chengdu, Xiao Qi was not idle either.￠￡
In addition to company affairs, the world's richest man naturally also has social activities.
For example, tonight, he invited Xu Weihong and Ma Hua, who had returned to Chengdu to report on their work, for dinner.
After so many years of experience, Zhou Bo and Xu Weihong, Xiao Qi's two biggest assistants, are now completely different from what they were back then.
Zhou Bo no longer has the aura of a little gangster in him. He is very generous and bold. He is considered to be the most flexible helmsman in Fairy Company.
Xu Weihong is different. His temperament is becoming more and more settled. At first glance, you can tell that he is a very stable person.
This is also related to Xu Weihong's character. He originally came from a financial background, and what is needed in finance is a calm character. Otherwise, he may lose hundreds of thousands, millions or even tens of millions in a moment of impatience.
In his previous life, Xu Weihong was self-taught and passed the CPA exam because he was calm, tenacious and hard-working. People with this kind of personality were the favorite of his bosses.
In addition, he is a filial son. Since ancient times in China, putting filial piety first has been the standard for measuring a person's morality. In the Han Dynasty, the only way to become an official was to "raise filial piety and honesty". To promote filial piety and honesty is to recommend filial and honest people.
When a person is an official, filial piety comes first.
Although later dynasties no longer promoted filial piety and honesty, this principle has not disappeared. If there is a filial son and a talented person, the boss will definitely choose the filial son.
This is different from the West. The West is truly meritocratic. No matter how poor your moral character is, as long as you can serve the company and create value, that's fine.
This is not the case in China. No matter how talented you are, as long as you are exposed as being unfilial, you will definitely be scolded - even in this new era, it is the same. No matter how much you despise authority, you will be scolded.
Young people, on this point, definitely have the same idea as old stubborns.
Back to the topic.
Xu Weihong previously worked at Fairy Company and was first responsible for financial and factory affairs for a period of time. When Yu Shanshan grew up, he turned to be responsible for factory production, as well as parts and OEMs.
After the establishment of Fairy Bank, which was very important to Xiao Qi, Xu Weihong was entrusted with the important task of becoming the CEO of Fairy Bank. In this bank with a capital of 36 billion US dollars, he was second only to Chairman Ma Hua.
MCA was originally the president of China Merchants Bank, and he single-handedly built China Merchants Bank into the sixth largest bank in China. If it were not for the strong background of Bank of Communications, basically there would be no problem for China Merchants Bank to be ranked fifth.
Anyone with a discerning eye knows that MCA came to Fairy Bank just to use its residual energy. The real leader for the next thirty or forty years will still be Xu Weihong.
However, Xiao Qi gave MCA a very generous treatment. The annual salary and bonuses were several hundred million yuan. Naturally, MCA had to be worthy of this kind treatment, so he was very attentive in giving guidance to Xu Weihong.
Under the guidance of MCA, Xu Weihong has made very rapid progress. In two years from the second half of 2008 to now, he has become familiar with the entire banking business.
Such a quick realization surprised even MCA. When he called Xiao Qi, he kept saying that this was the first time he had met such a smart, practical and capable young man. It seemed as if Xu Weihong was born to do this.
Same.
From its opening to the present, Fairy Bank has 210 branches spread across first- and second-tier cities across the country. Although there are far fewer branches than the five major banks such as China Agricultural, Industrial and Commercial Bank of China, it is definitely among the top ten.
Moreover, Fairy Bank is not operating in a miserable state. Its efforts to develop Internet-related financial commerce have allowed Fairy Bank to embark on a path that is completely different from traditional banks. It specializes in absorbing funds from netizens for online shopping and providing loans to Internet-related small and medium-sized enterprises.
The service has grown in scale in just two years.
Fairy Bank's deposit margin is still 36 billion U.S. dollars. Calculated due to the slow appreciation of the RMB, this amount has lost more than 17%, but Xiao Qi still has no intention of converting the money into RMB.
Because although the exchange rate of the U.S. dollar against the RMB has dropped, its actual purchasing power has not. In the United States, a country with a low inflation rate, you can still buy things of the same value as two or three years ago with 36 billion U.S. dollars.
It can even be said that because of the financial crisis, prices in the United States have dropped a bit, and there are more things to buy.
The cash flow in Xiao Qi's hand has already exceeded 600 billion US dollars, of which 200 billion US dollars are deposited in Fairy Bank, but this money was converted into RMB. After all, if you open a bank in China and the deposits are all in US dollars, it cannot be justified.
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With the continuous rise of online shopping, as Taobao.com, which Xiao Qi purchased, continues to develop, and as the scale of Xiaoyao Mall continues to expand, the number of credit card users of Fairy Bank has exceeded 90 million, and the number of debit card users has reached 1.8
100 million people, ranking sixth in the country, even more powerful than China Merchants Bank.
Originally, the ranking of Fairy Bank could be higher, but now the five major banks of China Agricultural, Industrial and Commercial Bank of China have noticed the rise of online shopping, so they have also launched various credit cards for online shopping. I believe that there are naturally many people in these state-owned commercial banks, so they
It has also won over some online shoppers.
But for being able to carve a way out of nothingness, the credit of Xu Weihong and MCA is definitely very high.
Although it is said that the success of Fairy Bank is due to the booming new thing of online shopping, if another bank were to do it, it would not be able to start from a small start in such a business and continue to do it today.
Accounting for more than 88% of all online shoppers’ credit card users, it is impossible for more than 300 billion yuan of funds to be deposited in Fairy Bank!
The so-called precipitated funds refer to the money that users transfer into Xiaoyao Wallet and Zifubao and have not yet purchased or have purchased, as well as the money that Xiaoyao Mall and sellers have received payment for but have not yet withdrawn.
There is a time lag of about one week from the time the buyer deposits money to the time the seller withdraws the money. During this time period, the funds stored in Fairy Bank are called precipitated funds.
People are constantly depositing money in, and people are constantly withdrawing money, but the amount of deposited funds is generally fixed. In fact, it is equivalent to the funds that Fairy Bank itself can use at any time.
Such precipitated funds are the money that Ma Yun used to subsidize the company's operations in his previous life. He put this money in the bank and collected interest. The interest was more than tens of millions every day, which greatly eased the overall situation.
Taobao.com is under financial pressure. Otherwise, Ma Yun will have no choice but to introduce capital again.
It is naturally impossible for Fairy Bank to do this. As a company, Taobao.com can make reasonable use of the rules, but as Fairy Bank, whose every move is watched by major banks and is eager to see its own mistakes, it cannot do this.
But if such a large amount of funds is not used, it is not in compliance with the bank's operating rules.
So after Xu Weihong discussed it with MCA and reported it to Xiao Qi for approval, he decided to turn the accumulated funds into a time deposit in the name of Fairy Company, and the interest on the deposit would be used to donate to education in poverty-stricken areas.
——Not only Fairy Bank, but also Xiaoyao Mall and Alibaba Group have a share in this precipitated capital, so the entire Fairy Company is qualified to arrange the cost of this fund.
In addition to continuing to build Mingxiang Primary School and Mingxiang Middle School, this money can also be used to subsidize rural substitute teachers. Even if it can only increase the subsidy to them by 200-300 yuan a month, it is still a contribution.
Charity is a good thing, but what Xu Weihong did most beautifully was not just charity.
He opened an "Education Donation Zone" directly on the homepage of Fairy Bank. The address, cost, internal structure, etc. of each school donated by this charitable fund are announced, and there will be erected at the entrance of the school.
A large stone tablet stated that it was donated by all the online buyers and sellers of Xiaoyao Mall and Taobao.com, which are involved in Fairy Bank, and expressed the most heartfelt thanks to them on behalf of the students.
The same is true for the subsidies to teachers. This money is not distributed through the education department. It is distributed through Fairy Bank's own channels. For this reason, the investigation, verification and disbursement work done by Fairy Bank are clearly written.
on the website.
There are also various responses from the teachers, the names signed by their hands are all hanging on it, and there are also some words of thanks written by the teachers. It shows that this is a very real thing.
For this, online buyers and sellers are very happy.
Chinese people have never resisted doing good deeds since ancient times. It's just that various reasons have more or less restricted people's kindness, but if given the opportunity, they will still do something within their ability.
It's just that in the past decade or so, there have been more and more scammers taking advantage of people's kindness, which has created a kind of indifference.
They are not afraid of getting no response from doing good deeds, but they hate being taken advantage of by others because of their kindness, but they only help people who should not be helped.
Fairy Company is doing quite well. If they don’t tell them about the accumulated funds, users won’t know about it.
Moreover, this amount of money seems to be a lot, but when it is dispersed among hundreds of millions of users, each of them actually contributes very little. If they save it themselves, they will not have much money at all.
Only by bringing them together can we have such a large amount of accumulated funds.
It stands to reason that if they changed to another company, the money would definitely be theirs, but Fairy Company did not do that. They directly announced the source of the funds and explained that it was a waste to keep the money in the bank, so it was made.
I set up a time deposit to collect some interest, and then all the interest was donated to education.
Donating to education is not just in the name of Fairy Company, but all the buyers and sellers are thanked on the stone tablet, which gives everyone the joy of participating in doing good deeds.
Compared to Li Lianjie, who used a fund donated by everyone to make donations, but never said "Jet Li and his fund" and never mentioned the ordinary people who donated money, Fairy Company can make everyone feel very satisfied.
Also, Fairy Company now has a great reputation. Their donations have always been the first in the country, and they do educational charity all by themselves. You don’t have to worry about the money being misappropriated by any leader.
As long as it is actually used on children and on poor but respectable rural teachers, everyone will only be happy and there will never be any dissatisfaction.
As a result, not only Xiaoyao Mall and Taobao.com benefited, but Fairy Bank, which directly handled this matter, received rave reviews, especially in the minds of young people, and it directly became the first choice of banks for them to use!