Text: Crescent Moon
Alibaba, as China's largest Internet company, has always been highly respected and trusted, and Ma Yun has also been hailed on the altar. In addition, an Alipay has also completely changed the payment habits of the Chinese people and brought convenience to payment. However, since Ma Yun "spoke wildly" at the Bund summit in October last year, Ali seems to have ushered in the darkest day in the history of development.
The first is the collapse of Alibaba's corporate image, before Ant Financial failed to go public, and then there were alibaba's female employees were violated. Last year, he was named by the People's Daily for community group buying, which had a profound impact on Ali. Ali, who was once a cult follower, now seems devastated.
According to public information, since Alibaba's listing, Ma Yun has repeatedly cashed out at the "high point". Last year alone, Ma Yun cashed out 43 billion yuan at the peak of Alibaba's stock price, cashing out a total of 60 billion yuan before and after, which is a well-deserved "cash-out king" among Alibaba's senior management. And in Alibaba's latest financial report, Ma Yun has disappeared from the ranks of important shareholders, which shows that Ma Yun now holds less than 0.5% of Alibaba's shares.
A series of events have poured in, making Alibaba's reputation decline one after another, at the same time, the security of Alipay has once again been questioned, and even some people have begun to abandon Alipay's investment and wealth management products, and transfer the funds stored in Alipay. Of course, there are still some people waiting, after all, Alipay is really convenient.
Therefore, many Alipay users have asked this question: Do you want to withdraw the money from Alipay now? If Alipay really goes out of business, can we still withdraw the money we have in Alipay?
First of all, we need to understand the financial services of Yu'e Bao, which is associated with the Yu'e Bao Monetary Fund under Tianhong Fund. Money market funds refer to the types of funds that raise funds and are mainly invested in the short-term capital lending market, which is also known as the money market. Financing instruments typically have a maturity of less than 1 year and include local government short-term bonds, bankers' acceptances, commercial acceptance drafts, etc.
And the money market fund is an open-end fund, users can subscribe and redeem fund shares at any time, and the price of each fund is fixed. That is to say, the money stored in Alipay is not directly managed by Alipay, and if the window is closed, then it will naturally not affect the principal.
In particular, in 2017, the state issued the Notice on the Implementation of the Relevant Matters Concerning the Centralized Deposit of Customer Reserves of Payment Institutions, requiring payment institutions to deposit customer reserves into designated bank accounts after receiving user deposits, and submit them to the central bank for supervision, and payment institutions must not misappropriate them without authorization.
At the same time, in May 2018, Yu'e Bao introduced a third-party public fund management company, and all the funds of Yu'e Bao's customers were deposited into the bank custody accounts of each fund. All commercial banks in the mainland have opened accounts with the central bank without worrying about security risks. As long as the bank is still there, there is basically no problem with this money, and even if the bank fails, it will have a guaranteed principal and interest within 500,000 yuan, which is protected by China's insurance regulations.
So in essence, after the third-party mobile payment is connected to the Internet, whether it is the customer's funds or reserves, it must be hosted in the exclusive account of the Internet access, and the every move of these funds is supervised by the Network, so the funds are also very safe.
Do you still need to pay back the flowers you owe?
In fact, it's the same for both deposits and loans. Because the loans in Alipay are all lent by major banks. Even if Alipay goes bankrupt, the money owed to Alipay needs to be repaid, and if it is not returned to the court, it will be recovered and the balance of your bank card will be deducted directly. If the bank card balance is insufficient, the court will further notify it of the repayment.
In the 1997 financial crisis, Hainan Development Bank was finally declared bankrupt because of poor management, when many people borrowed from Hainan Development Bank, they also secretly rejoiced, thinking that the money they borrowed should not have to be repaid, but what they did not expect was that later Hainan Development Bank was acquired by the Industrial and Commercial Bank of China, so the Industrial and Commercial Bank of China undertook the responsibility of collection, and all those who owed money needed to repay the Industrial and Commercial Bank of China.
In summary, Alibaba's turmoil doesn't have much to do with our deposits with Alipay. However, it is worth noting that although Ant Group stopped listing, it has never extinguished the idea of listing, and in order to ensure that Ant Group can be listed again, Ma Yun has made a lot of efforts, such as accessing the central bank's credit reporting system, Huabei, borrowing and Alipay to cut, shutting down the controversial mutual treasure and so on.
In recent days, Ma Yun has made a correct choice, the equity structure of Chongqing Ant Consumer Finance Co., Ltd. has changed, and the national team has entered. The news shows that the company's registered capital increased to 30 billion yuan, Ant Group is still the largest shareholder, holding 50% of the shares, while the second largest shareholder, China Cinda, invested 6 billion yuan and held 20% of the shares. The data shows that China Cinda is a central enterprise managed by the Ministry of Finance.
Ma Yun's choice to let central enterprises enter is undoubtedly a wise move. The entry of central enterprises can bring a lot of resources, which will help Ant Group standardize its development and prevent financial risks. The previous listing of Ant Group was stopped, that is, there was a lot of internal chaos and no risk supervision, so it was required to rectify. Now there is a central enterprise that specializes in dealing with non-performing assets to join, which will undoubtedly make Ant Group no longer touch the regulatory requirements and develop more smoothly.
Second, Ant Group is expected to develop into a leader in consumer finance. From the perspective of registered capital, it has surpassed the giants of CML Consumer Gold, Home Credit Consumption Gold, and Ping An Consumption Gold. Most importantly, China Cinda has strong strength, with banking, trust, securities, insurance, real estate and other subsidiaries. It belongs to a group with a full financial license, which is conducive to the development of Ant Group.
Unexpectedly, on January 14, China Cinda suddenly issued a decision to cancel the shareholding plan, due to commercial considerations. Because for Ant Gold, many people are coveting, after all, this is a piece of fragrant food. The sudden withdrawal of central enterprises has also triggered speculation from the outside world, and at the same time, there have been new changes in ant gold financing.
As a representative of state-owned assets, the exit of China Cinda is also the last thing Ma Yun wants to see, if half a year can no longer achieve compliance financing, Huabei and borrowing these two businesses need to return to Alipay's own business areas, compliance is still impossible to talk about, and listing for the current Ant Group, in the short term is still a luxury.