v3 Chapter 1211： Consumer credit

Latest website: After coming to the island country for a month and a half, Xia Yu successively won Nomura Securities Company, Kosi Industry Company and Dayang Fishery Company.

Among them, Nomura Securities Company is one of the top ten securities companies. In terms of strength and influence alone, it is stronger than the securities companies of the six major consortia.

Companies such as Mitsui Securities and Fuji Securities are currently inferior to Nomura Securities.

In addition, Xia Yu's own Jiuding Securities Company and securities companies opened by other financial companies in the island country.

In fact, in the securities industry, he is already very strong, and he can completely avoid the six major consortia of the island countries.

It's just that the six major consortiums of the island countries have not noticed it.

Although Kosi Industry is not as strong as Hitachi of the Fuji Foundation, Matsushita Electric of the Sumitomo Foundation, and Toshiba of the Mitsui Foundation, it is also a large industrial company with a large market share in many fields. Core Industries Corporation.

Not to mention the Ocean Fishery Company, the largest fishery company in the island country.

Without mentioning the market value and profit, in terms of revenue alone, it can enter the top 30 of the island country, and it is a large industrial company.

Considering the proportion of island nation’s fisheries in the island nation’s economy and the demand for fisheries of the island nation’s people, although Dayang Fisheries will have difficulties in recent years, its influence alone is sufficient to meet Xia Yu’s needs.

As long as the past few years have passed and international oil prices have fallen, Dayang Fishery's life will naturally be better.

Xia Yu is familiar with the future direction of oil prices and is not panicking at all.

With this financial company and two industrial companies, it is considered to have a firm foothold in the island country.

However, it is far from enough to compete with the six major consortia of island nations.

After planning the Sanhe consortium, it is necessary to combine the right time, place and people, but now it is just making arrangements.

Although consciously grasping a great deal, for the sake of safety, Xia Yu did not want to put the eggs in a basket.

Moreover, his future enemy is certainly not just a consortium of the island country, but may be multiple consortia, so in time, he finally succeeded in annexing the weakest Sanhe consortium, and it may not be able to withstand the suppression of the other five consortia and the island country’s political circles. Suppress.

In particular, they support the right-wing Fuji Consortium and Mitsubishi Consortium, both of which are extremely powerful. The Mitsubishi Consortium is the strongest consortium in the island country, and the island country’s military is behind it.

Therefore, it is imperative and achievable to establish a business empire under his control in advance.

Nowadays, the six major consortia of the island nations control 60% of the company’s assets, 55% of the total capital, 60% of the consumption channels and 20% of employees.

On average, each of the six major consortia controls 10% of the island country’s self-produced companies and less than 9% of the total capital.

If companies and families other than the six major consortia of the island nation can now unite, it will certainly be enough to form two or three more consortia comparable to the six major consortia, and there will always be room for operation.

The only difference is that the six major consortia of the island nation will not be willing to see new consortia appear again. Even if other families and companies unite, they cannot unite and cannot resist the suppression.

However, Xia Yu can do what they can’t do. His own will is the will of the consortium. If a consortium can be established in the island country, it will definitely be the most united consortium, even the Sumitomo consortium, which is known as the most united. Far inferior to Xia Yu.

The goal is good, but the key is to have a powerful company that can resist the attacks of other consortia.

Moreover, he has to absorb the capital of the island country as soon as possible to have enough funds to initiate an offensive initiative.

The most fundamental source of funds comes from the people of the entire island country. Therefore, banks are the most critical. They absorb deposits from depositors and operate fully to create sufficient income.

It is a formal channel for banks to absorb deposits. However, because banks have low interest rates for deposits, it is more difficult to absorb deposits and competition pressure is high.

Xia Yu did not intend to miss another evil way allowed by the island government.

After all, the island country is not Xiangjiang, and Xia Yu can act without scruples. Anyway, the people of the island country are not his compatriots, and the island people are so ruthless by themselves, of course he would not care.

The evil way he fancy is precisely the consumer credit industry!

The consumer credit industry in island countries began to rise in the 1960s.

The reason for the rise is that banks only lend to large and medium-sized enterprises, and generally do not pay enough attention to micro-enterprises and personal consumer credit services. Even if there are related services, the requirements are relatively high and the procedures are cumbersome.

At the same time, although the island country promulgated the Capital Contribution Act and the Interest Rate Limitation Act in 1954, the two laws were ineffective due to ineffective enforcement.

The regulatory vacuum, coupled with the lack of formal consumer credit channels, has provided opportunities for the booming development of inter-national lending on the island. Various small consumer credit companies and their business locations are scattered all over the streets.

The initial prototype was the "monthly installment service carried out by department stores". The main promoters were retail companies and department stores, so these later consumer credit companies also expanded in this way.

The reason why the consumer credit industry in island countries is developing rapidly and attracting people from all walks of life is because island residents pay attention to credit and because lenders want to pay back no matter how poor they are.

...

April 2nd.

Xia Yu did not go to the company, but stayed at home to check the situation of the consumer credit industry in the island country.

Hundreds of pages of information have been sorted out, which is only condensed, which shows the complexity of the consumer credit industry in island countries.

As he continued to understand, the status quo of the consumer credit industry in island countries was also unveiled by him.

To sum up, it is the pattern of a group of heroes, and there is no giant with absolute dominance for the time being.

There are thousands of large and small consumer credit companies located in various regions of the island country. These consumer credit companies are essentially loan sharks. The strong ones span multiple regions, and the weak ones only survive in the most basic townships.

All the six major consortiums in the island country have entered. In addition to these consortiums, they have also formed a family of consumer credit companies to participate in the competition.

It is no wonder that so many people are rushing to this market, mainly because the profits are too high.

The interest rate for fund raising can be as low as a few percent, but the interest rate for lending can be as high as 20% to 30%!

This is not a loan shark, what is it?

But there is no way. Although the loan interest rate of the island country bank is around 7% at this time, it is difficult for small, medium and micro enterprises and individuals to get loans.

They have no choice but to borrow from consumer credit companies!

Having said that, among these consumer credit companies, Aiful (overfilled credit), Promise (integrity credit), (Acorn Credit), etc., backed by the six major consortiums of the island countries, are already top companies in the industry.

Of course, in addition to consumer credit companies backed by the six major consortia of the island countries, there are also consumer credit companies backed by small and medium-sized families and societies, and there are also many companies founded by self-made people.

Among these, the more prominent one is the Takei Credit Co., Ltd. established in 1966 and renamed in 1974 by Yasuo Takei, nicknamed "Yen Shop", which means a shop where you can buy and sell yen.

Yasuo Takei?

The richest man in an island nation in later generations?

PS: The second one will be later

n.