Chapter 5035: Feeling Proud

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"Don't ban it? Then the four major banks will collapse, can you afford it?" Mr. A pressed on step by step.

Now he has no choice but to use the importance of the four major banks to force the two gentlemen. The four major banks are also a tool for the country to control the economic trend. If this tool is abolished, then we can only rely on the newly established "China United Commercial Bank", but this "China United Commercial Bank" is Lin Feng's final say. In terms of the current share structure, Lin Feng personally holds 15% of the shares, plus the 8% of the shares held by the "Second Bank", Lin Feng alone holds 23% of the shares. Although he does not have actual controlling rights, the other 27 banks, the largest bank holds only 6%, and the least is even only 1%. In this case, it is almost easy for Lin Feng to achieve his intention.

In this case, if there is a government order from above, what should Lin Feng do if he does not comply? When the "China United Commercial Bank" gains a foothold and becomes the largest bank in China, it will be difficult for you to deal with it.

So, Mr. A threatened the two gentlemen with this. See if they will compromise or not.

Unexpectedly, the two gentlemen made a decision after a brief pause.

"Now is the era of market price economy, everything needs competition. Relying solely on policy protection cannot promote economic development. Especially in the banking industry, such a monopoly needs to be broken. If the four major banks have all the advantages and are still cleaned by the market, it is their own poor management." Mr. Xi said in a deep voice.

What! Mr. A did not expect the two gentlemen to answer like this. This surprised him greatly. He did not expect that the two gentlemen were actually willing to risk losing the four major banks to support Lin Feng. This was something he never expected.

"Why is this?" Mr. A frowned and asked with a puzzled look.

"This is the natural law of social development. Thousands of years of history have proved that closure is backward. Only by moving towards a free economy can we truly take off. The economies of Western countries are so developed because of the free economy. And the economic take-off of our country in the past 20 years is also based on Comrade Xiaoping's reform and opening up. Without reform and opening up, there would be no New China today. Perhaps there are many problems of this and that, but the flaws do not outweigh the merits. All the disadvantages brought about by reform and opening up can be changed. But what we see is that the Chinese people now can have enough food and warm clothes. At least as in the past, once a natural disaster occurs, the phenomenon of large-scale starvation will no longer occur. Moreover, telephones, televisions, refrigerators, and cars are gradually entering the doors of thousands of households. The progress of the times relies on the free economy. If it is closed again, it will be a regression. It will be a denial of the hard work and achievements of the past 20 years!" Mr. Xi said in a deep voice.

Mr. Jia snorted.

"Okay,

I won't argue with you. Since you think this 'China United Commercial Bank' is good, then let's wait and see. It's best that you hope that he won't make a big mistake in the next few years!" Mr. Jia left with a wave of his sleeves.

Mr. Xi smiled.

"Are you really that optimistic about Lin Feng?"

"Yes. I believe I am not wrong about him. He is different from those who rely on policies to get rich. He will not exploit loopholes in national laws and policies. And he is patriotic enough. I think, at least in terms of patriotism, he is no weaker than us. Although his views in some areas are very different from ours, he really loves this country." Mr. Xi sighed, "In this case, why don't I support him! As for the future, whether his family will be too big to be eliminated. I think this is the next twenty years. We have to work together."

"What about the four major banks? Have you really decided to give up?"

"Give up? No. The four major banks actually have many innate advantages." Mr. Xi sighed.

The four major banks are the Industrial and Commercial Bank of China, the Agricultural Bank of China, the Bank of China, and the Construction Bank of China. They are also called the four central banks. They represent the most powerful financial capital in China. The four state-owned banks have gone through the stage of specialized banks with their own division of labor from the beginning of the founding of the People's Republic of China to the new century. They have basically become comprehensive large-scale listed banks and have all entered the development strategy of the world's top 500 companies. Today, the business scope of the four major banks is no longer single, and they are moving towards the goal of comprehensive, internationalized and modernized commercial banks.

ICBC has the largest customer base in China and occupies a dominant position in commercial housing loans and corporate financing.

ABC, as its name suggests, mainly covers urban and rural areas. Its main business is rural credit, which has now developed into diversification.

BOC mainly focuses on personal credit consumption and provides comprehensive customer service customization.

CCB mainly focuses on companies and provides various credit services.

Of course, the business of the four major banks is no longer as detailed as in the past, and has been assimilated in many fields. This is naturally the effect of today's competition.

"The Big Four banks have so many inherent advantages. If they still can't fight against Lin Feng's 'China United Commercial Bank', they can only blame themselves. We can't take action. Taking action means falling behind. Moreover, I also believe that they will not collapse! It can only be said that they will no longer do whatever they want like now and make money easily!" Mr. Xi commented.

Nowadays, the four major banks are making money lying down. But in the future, I am afraid they will have to rack their brains to make money. In this case, he is also happy to see. Making money without any pressure is not a bank. He also expects Lin Feng to put enough pressure on these banks and bring real competition, instead of all the competition being divided by the family as it is now. In fact, there is no competition. It's like a piece of cake, which should have been divided by many people. As a result, four sons of a family compete with others. These other people are all one person, and the family that can't beat the four sons is all driven away. After driving away, this family divides the cake again. Is this called competition? At least it is not real market competition.

Lin Feng is the one who broke the situation where the four sons of this family dominated the cake. Although he is only one person, he is strong enough, much stronger than the four sons, and he will also unite with others. This is amazing.

The trend of "China United Commercial Bank" continues to rage. There are more and more customer groups. Almost within three days, all the original customer groups have changed their cards. The most heartwarming thing is that for those elderly people with limited mobility, the staff also took the initiative to provide door-to-door services and replace their cards. This service is much more considerate than the bank's previous services. China is gradually entering an aging society, and many elderly people are extremely inconvenient to move at home. Often, when withdrawing money, they ask relatives and friends to withdraw money on their behalf, but sometimes, for services such as changing cards, they must come in person. Otherwise, the bank will not recognize it.

This brings trouble to those elderly people. Especially some elderly people, who have suffered a stroke and are paralyzed on one side, have to push their salary cards to the bank if they want to replace them. This elderly person is already inconvenient, and they have to push it over. Isn't that a scam? Especially if there is no bank near the home, it is even more inconvenient. And the most deceptive thing is that they have to sign. This person is already paralyzed on one side, and his arms are not very useful. You still want him to sign. Isn't this a scam? But the bank said that for safety reasons, he must sign.

There is no way, just sign. Although the signature is messy, the bank just recognizes it.

In this case, the door-to-door service launched by China United Commercial Bank will be more friendly. This makes all the elderly feel warm. The slogan of "Bank service to my home" can be said to be truly implemented, instead of launching a mobile banking service as before.

And not only that, for all customers, as long as they enter the bank, various conveniences will be provided. For example, on rainy days, the bank also welcomes those who do not bring umbrellas to take shelter from the rain and provide them with convenience. And on cold and hot days, a small place with a separate isolation will be provided at the 24-hour ATM, and the air conditioner will be turned on for those homeless people to keep warm and cool.

These are all small measures, but they are deeply popular and make all customers feel comfortable. Of course, the most important thing is the income.

10% income, this is Lin Feng's promise. It is also the promise of China United Commercial Bank. But it is the same. You must deposit for a full year to get a 10% guaranteed income. But what if the customer needs money urgently? This other bank can also naturally withdraw, but after withdrawing, all your previous interest will be cleared. That is to say, there is not a penny. It is deposited in vain, and all the interest goes to the bank.

But it is different in China United Commercial Bank. If you want to withdraw, you can withdraw it. You can withdraw it at any time, and you will get the income according to your deposit date. For example, if you deposit for 5 months, you will be given a guaranteed income for 5 months, but since you withdraw it in advance, a 5% handling fee will be deducted.

Although a 5% handling fee is charged, at least you can get a guaranteed income. This is something that other banks cannot have. Therefore, the public is still very supportive of China United Commercial Bank, and they use this to criticize the overbearing terms of other banks that there is no interest for regular withdrawals.

"Mr. Lin, looking at this situation, it won't be long before our China United Commercial Bank will become the largest bank in China, and the four major banks can't compete with us at all!" The bosses of various banks are now members of the board of directors of China United Commercial Bank. They are all happy about the current situation of the bank. Although it is not clear whether it is more profitable than before. But it is much more proud than before, which is the most important thing.

Lin Feng showed a solemn expression.

"They still have a trick!" Lin Feng said solemnly, "They still have a big trick! That's the moment of our life and death!"

(There may be only one photo today. A relative passed away during the Chinese New Year. I have to go to the funeral home. I'll see if I come back. There will be another photo at night! If I come back too late, I'll give it to you tomorrow. I wish you all a happy Chinese New Year!) To be continued r655

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