Chapter 387 Jichun Bank
As dusk falls, the Four Seasons Hotel is brightly lit.

Evergrande Hermes, Wanda Small Goal, LeTV Boss Jia, all these entrepreneurs who are at the peak of their careers, walked on the red carpet into the charity dinner.

The main group is composed of real estate nouveau riche, supplemented by Internet upstarts, and celebrities from all walks of life in Beijing gather together to serve as green leaves and set off the red flowers.

The Poly Group had a rather grand presence, and Xie Jingxing sat in the corner of the hotel lobby, counting heads with great interest.

"Mr. Xie, the chairman is here. Do you want to go and say hello?" Chen Xi suddenly leaned over to report.

Xie Jingxing didn't react: "Who?"

"Chairman Xie Cheng didn't walk along the red carpet at the main entrance and went straight upstairs from the parking lot."

"When will Lee In-woo arrive?"

"There's a traffic jam near the hotel tonight. It should take another 20 minutes."

Chen Xi considered it carefully. Xie Jingxing asked her to stay in the lobby to greet Li Renyu, and went upstairs to find Old Xie.

The red carpet has its own colorful flowers, and the executive lounge has its own unique depth of quiet waters.

The charity dinner was still a while away from starting. Old Xie was chatting and laughing quietly with Wei Jianjun of Great Wall Motors. The tables around him were occupied by "local bosses" of similar status, with a few people like Ma Weidu scattered around.

"Dad, I was downstairs just now and didn't see you." Xie Jingxing walked forward in a low-key manner.

"I just came."

The smile on Old Xie's face slowed down, and his nasolabial lines deepened: "Do you know Mr. Wei?"

"We just met at Didi's car-making conference not long ago. Xiao Xie is young and promising, and his popularity is better than yours." Wei Jianjun joked familiarly.

Xie Jingxing just smiled. If he had to choose a leader of a traditional car company who was most disdainful of Didi’s establishment of a new energy vehicle industry alliance, there would be no other choice except the one in front of him.

I firmly believe that new energy vehicles are a crooked path, and it is even more bullshit that an Internet company is crossing over to build a car and naming it "D1".

How can a new intruder who breaks the traditional distribution of interests be popular? It is clear that he is offending people by going around in circles.

"His connections are all fake. They gather around him just for profit and treat him as a god of wealth. It won't last long."

Old Xie looked dissatisfied: "Some time ago, I went to the south for an inspection, and a leader said to me very enthusiastically, "Oh, you have raised a good son. It's true that a good father will have a good son." I was so flattered that I got goose bumps."

"In the end, he asked, 'I heard your son is raising funds, can we invest a share?' He actively put the money in his hands, and if he doesn't take it, it means he is not giving me face. I don't even have enough to worry about him."

Old Xie was clumsily pretending to be reserved, and as he spoke he unconsciously raised the corners of his mouth, looking a little bit smug.

Facing his old friend's boasting, Wei Jianjun smacked his eyelids and felt a tightness in his chest. "Taking your money is giving you face. Is this human language?"

He cast his eyes at the youngster who was standing aside with a polite smile and letting his father do what he wanted. Then he thought about his own children and grandchildren, and felt even more suffocated!

"Anyway, I'm used to it now. He can do whatever he wants. Maybe when I retire, he won't even care about my family business. What should I do then?"

Old Xie crossed his legs at some point, dangling on his toes, slurping his tea, and slapping his thigh in worry: "As a father, I have to coax my son to take over. Who can I go to for justice?"

"I don't know how many people have tried their best to raise a child like Xiao Xie. You are just taking advantage of the situation and being secretly happy. You are so ungrateful that you will be hated by others." Wei Jianjun gritted his teeth and his cheeks twitched.

When talking about this, Old Xie paused for a moment and smiled from the bottom of his heart: "We were so busy when we were young. How our children grow up depends entirely on themselves. We actually didn't play any positive role."

"...Indeed, no matter whether the child is excellent or mediocre, as long as he does not commit crimes and lives a safe life, it will be fine." Wei Jianjun was stunned for a moment and then felt relieved.

The two old friends were talking to each other, and Xie Jingxing was sitting beside them, unable to interrupt but listening patiently.

He and Lao Xie spend very little time together. Today seems to be the first time they have appeared together in a social occasion since they started college.

The mentality of the parents that I could not understand in the past, I gradually began to empathize with them and enjoy it as the third child in Concubine Pei's belly was about to be born.

Xie Jingxing had never asked Lao Xie directly whether he was his pride, but he had already gotten the answer.

…………

"I am Zhou Tao, the host of tonight's event. I sincerely welcome caring people from all walks of life to come."

On the stage, the mainstay of CCTV, who is over 40 years old but still has charm, is as dignified and elegant as ever.

Many entrepreneurs with top social status in the audience were very supportive and clapped their hands vigorously, sighing and lamenting that they got rich too late!
In this circle of old-timers, there are Tsai Chin in the 1980s, Ni Ping in the 1990s, and Jay Chou and Dong Xiaodong today. Only a few of them will not be laughed at if they openly express their likes and appreciation for them, but will instead be approved by them.

"If you donate more, she might come to our table to toast us a glass of wine."

Some people agreed with a vulgar smile, saying that old hands are old hands after all, and no matter how much you appreciate and like them, when it comes to putting them into practice, they can't get away from those dirty little things.

Xie Jingxing tilted his head and covered his mouth with his hands: "Li Renyu is here, I'll go talk to him."

"Go ahead and do your work. I'll take a look at it later when I have time."

Old Xie nodded slightly. According to Xie Jingxing's bank's main industrial chain financial strategy, Yunshan Group needs to directly invest in the company. The two of them had discussed this matter before.

Moreover, as a businessman, especially in the agriculture and animal husbandry industry, he is extremely sensitive about the "bank". Although he supports it, he still has some objections in his heart.

"My father is here. I just went to say hello to him." Xie Jingxing hunched over and returned to his seat at a table with his financial colleagues.

Li Renyu, dressed in a Zhongshan suit, followed his gaze and looked at Lao Xie: "I remember that Jilin Province has not yet applied for a pilot quota for private banks?"

"Yes, so I plan to register and apply for a bank in Jilin Province."

Xie Jingxing raised his eyebrows. The old president was much more enthusiastic than expected and got straight to the point right away.

"If you can get a pilot quota in Jilin Province, it will be very helpful for application approval."

Li Renyu changed the subject and said, "The national-level financial research base in Shanghai also has a similar purpose and has both. It will be of great help to Mr. Xie in applying for a bank."

Xie Jingxing remained silent as his thoughts turned, and Li Renyu was not in a hurry either, he leisurely looked at the dream goddess of his youth on the stage.

The two sides met in Nanchang a week ago. He mentioned the country's attempt to promote the development of private banks in the 2000s, indirectly questioning whether Xie Jingxing wanted to violate regulations and use the bank as a financing pool for the investment group itself.

Therefore, the two of them only touched upon the subject and did not have an in-depth discussion on the old incident itself.

At that time, a number of independent giant companies tried to operate illegally but failed and turned around and ran away, and the country's strategy to promote the development of private banks came to nothing until it was resumed in recent years.

The cause remains the same: private enterprises have been thinking about this, with Alipay fighting with UnionPay and signing separate transaction contracts with each bank.

On the surface, it seems to avoid the UnionPay system's fee tax, but in fact, signing contracts with each bank individually causes the transaction complexity coefficient to soar, which to some extent circumvents the UnionPay system and the supervision of national financial regulatory agencies.

It’s like there was a suggestion box under the camera at the company’s gate. The surveillance camera clearly records who submitted each letter, and you can use a key to open the box and check the contents of the letter at will.

As a result, Alipay set up more than ten suggestion boxes in various places in the company. Although there were cameras and keys, the people in the security room did not have so many eyes.

It's hard to keep an eye on them, and some smart bastards even deliberately find fault and stuff letters into more than a dozen suggestion boxes at the same time, only one of which contains an anonymous opinion, and the others are blank.

Even if we catch this bastard, it will take a lot of resources, time and effort to investigate and interrogate the details.

When Alipay succeeded in its clever move, not only did its peers follow suit in the name of Internet financial innovation, but new activities such as P2P, which are increasingly difficult to regulate, gradually appeared on the scene. As a result, the strategy of private banks was relaxed, and last year, a pilot registration quota for private banks was launched. Tencent registered and established the first private Internet bank, WeBank.

Both domestic dogs and wild dogs like to eat feces, but domestic dogs at least wear leashes.

Furthermore, if a domestic dog kills a stray dog, the feces on the ground will be directly brought under supervision. The logic behind this plan is completely correct!

Tencent lived up to its owner's expectations and entered the mobile payment field, killing a large number of stray dogs and grabbing half of the market share.

Based on this, relevant regulatory authorities are now planning the second batch of private bank pilots, and it is expected that about ten banks will be approved for establishment next year.

The quota is given according to region. Last year, there was one company in each of the five cities: Shenzhen, Hangzhou, Wenzhou, Tianjin and Shanghai.

Shenzhen and Hangzhou are given to Tencent and Alibaba respectively, Wenzhou represents the activity of domestic private capital, and Beijing's prime location is not suitable for experimenting with Tianjin as a substitute.

Needless to say, Shanghai is a "small Europe in China" with its own economic system, and the quotas were given to the local Jun Yao and Fuxing groups with close ties.

Jingyue City is a remote and impoverished area in Jilin Province. As the provincial capital, it was allocated a quota in the second batch next year. This was the reason why Xie Jingxing decided to return to his hometown to register a bank.

In Shanghai, he is a outsider who can't get a spot. But when he returns to his hometown, he is the proud son of Jilin Province, not much worse than LeBron in Cleveland.

The name has been decided, it’s Jichun Bank. The leader, on behalf of the people of his hometown, has sent a message that no one should try to snatch this spot from him!
In short, bank registration and approval are basically stable, so what is Li Renyu's plan for setting up a national-level financial research base in Shanghai?
"The next lot comes from Mr. Xie Jingxing, Chairman of Grapefruit Capital. Mr. Xie added a lot to our charity dinner."

On stage, Zhou Tao and the auctioneer sang in unison, saying, "Oh, that's right, so this lot is particularly precious and goes well with our dinner."

"Two bottles of 1962 yellow-glazed earthenware bottles of Five-Star Moutai, starting price 5 yuan, let's see which friend will bid first."

Xie Jingxing put aside his thoughts for the moment, put on a kind smile on his face, and nodded in response to the gazes from all around.

"5, 10, 15, 20! Everyone is bidding very enthusiastically. I saw Mr. Xiong's bid over here, 25 yuan!"

The auctioneer gestured to another table where people from the financial circle were gathered. IDG founder Xiong Xiaoge waved to Xie Jingxing, and then Qu Dejun, who was far away, raised his hand to bid.

"45." Li Renyu joined in.

Xie Jingxing shook his head: "If you keep bidding, the price will be beyond value."

"Buy the casket and return the pearl. Wine is not important, charity is priceless."

Li Renyu pushed his glasses, leaned down and leaned towards him, chuckling softly, "Anyway, I can't compete with the big bosses, so let them bleed more."

"We need to have a good chat later."

Xie Jingxing laughed in silence. As he was speaking, the hammer fell. Old Xie bid 188 million, which was a premium of several hundred thousand.

Qu Dejun and others who had come to support Little Xie were naturally happy to give way to Old Xie, thus helping this father and son pair who were better than their father.

"The person selling the wine is Mr. Xie, and the one bidding on the wine is also Mr. Xie. I think many friends here can't tell the difference like me. So can I call you Jingxing? Jingxing, Chairman Xie Cheng generously donated 188 million yuan. As the owner of the auction item, do you have anything to say to thank him?"

Zhou Tao walked down the stage holding the microphone and asked questions on behalf of the guests who wanted to make a fuss.

Xie Jingxing leaned closer to the microphone: "Chairman Xie Cheng, the children who received the donation will be very grateful to you, so I won't thank you. I have to go back to my house tonight to drink two bottles of 188 yellow glazed earthenware bottle Five-Star Moutai worth 1962 million yuan."

The audience burst into laughter, and Zhou Tao turned to look into the distance: "Okay, Mr. Xie, you heard what our Jingxing said, do you have anything to say to him?"

"That's fine. I'll prepare a few more dishes for you. I haven't been home for half a year."

Old Xie's words were half joking and half sincere, which drew applause from many veterans, who expressed both sympathy and envy.

If you have a son like Xie Jingxing, and the two of you complement each other, how can that not be a blessing in life?

"Chairman Xie Cheng is so sincere."

The little episode made the atmosphere more intense. Zhou Tao returned to the stage to continue the auction, and Li Renyu expressed his feelings privately.

Xie Jingxing cleared his throat: "Our plan to set up a bank in Jichun is relatively safe. The Magic City Financial Research Base doesn't seem to have anything to do with the registered bank, right?"

"First of all, we must clarify the definition of a national financial research base. Currently, only Shenzhen and Shanghai have truly national-level financial research bases in China."

Li Renyu was clear and organized: "The research they conducted is aimed at the top-level rule design of the country's macroeconomics, such as the P2P Internet financial innovation supervision regulations, industry standards, etc."

"Since it is a research base, it means that it is experimental in nature, so there is a certain degree of regulatory laxity in the innovative business carried out by banking and financial institutions."

For example, the Jichun Bank, which is currently under planning, plans to engage in wealth management business in the future, which conflicts with an existing ambiguous and unclear regulatory regulation. However, it can be "convenient" to register it under the name of the research base.

This concerns the future development of Jichun Bank, and the registration quotas for the pilot program of private banks are at hand, which are in conflict with each other.

"I remember you said just now that we can have both?" Xie Jingxing entered the state of asking for advice.

Li Renyu was not pretentious: "The bank is registered in Jilin Province, so its headquarters should be located in Jilin Province. However, it is definitely not appropriate to place the bank's direct investment in the bond, currency, and asset custody markets in Jilin Province, as it is too far away from the market."

"Fund Operation Center?" Xie Jingxing followed his thoughts.

"That's right. Set up the capital operation center in Shanghai and then link it to the financial research base."

Li Renyu paused for a moment and added: "From an operational perspective, the separation of the bank's headquarters and the fund operation center can effectively share the regulatory risks from a regional perspective."

"It's easier said than done."

Xie Jingxing's eyes lit up. Everyone can talk about the theory, but how many banks have actually done it? The operational aspects are very difficult.

Li Renyu smiled without saying anything. Coincidentally, Industrial Bank's capital operation center was in Shanghai.

“All our charity lots were sold without any failure, thanks to all the friends who participated in the auction. Now it’s the turn of all our friends here.”

Zhou Tao on stage started organizing a new round of activities: "Next I will try every means to get you all to stand up. First, those who donated 100 million please stand up so I can see."

Xie Jingxing responded without hesitation, followed by Lao Xie, Jia Yueting, Wang Jianlin and a few others.

"Now, friends who donated 50, please stand up."

When Zhou Tao lowered the amount, the number of people who stood up increased significantly several times, including Wei Jianjun.

"stand up."

Xie Jingxing nodded his chin towards Li Renyu. The old president was speechless and didn't want to stand up. 50 was his half-year annual salary.

"Come on, hurry up and stand up, or people will think I'm stingy and don't want to pay you."

Xie Jing Xing laughed and waved his hands repeatedly, then simply grabbed his arm and pulled him up.

The observant colleagues in the financial circle immediately exchanged suspicious and inquiring looks.

100 million, 50, 30... until 10, everyone in the audience stood up and applauded to celebrate the perfect end of the charity dinner.

Xie Jing Xing clapped his hands with a smile on his face. The old captain officially took off, the old president officially came on board. It doesn’t matter what you say, today is a good start anyway!

I’ll dig out another piece of Wanda’s meat later, and this trip tonight will be worth it!
(End of this chapter)