Supreme Son-in-Law-Chapter 906 - 904: Step by Step
"Gentlemen, you must know the purpose of our meeting here, so letโs hear your bankโs plan!" At the same time, Ye Feng clapped his hands and gestured. ๐๐ป๐ฎ๐ฎ๐ฌ๐๐๐๐ธ๐ซ๐๐ก.๐ฌ๐ธ๐
"Boss Ye, our five major banks have reached a consensus and are willing to provide loan services for the purchase of special drugs for cancer patients. We will launch a long-term plan to ensure that more cancer patients can obtain anti-cancer drugs as soon as possible."
"Thatโs right, our bank attaches great importance to this plan and collaboration. We have allocated a large amount of manpower and resources to carry out this task."
Following Ye Fengโs words, representatives from the major banks responded one after another.
Jack Ma, however, remained composed. Such statements werenโt even a consideration for Wanwang Bank.
Jack Ma knew his purpose here, so he had to make a fatal move.
"Good! Very good." Ye Feng nodded and continued to ask, "What interest rates will your banks charge for loans to cancer patients?"
This is the key aspect and the crux of Ye Fengโs negotiation this time.
"After discussions, our five major banks have reached a consensus. Even if cancer patients cannot provide financial collateral, we absolutely will not charge high interest rates. All loans will follow the basic loan rate, with an annual interest rate of 4.5%, and fluctuations across regions will not exceed 10%."
Following Ye Fengโs words, one person quickly answered.
This loan indeed has the most basic interest rate, much lower than the interest on a mortgage, which requires property as collateral.
However, such an interest rate was not Ye Fengโs goal for coming here.
"Too high. I believe you can offer more sincerity." Just as Jack Ma was about to say something, Ye Feng shook his head and gestured.
"Huh?" The bank representatives were stunned by Ye Fengโs words.
"We need to discuss with the higher-ups; we canโt decide on our own." Subsequently, a bank representative replied helplessly.
"Alright, go ahead and discuss. I want to clarify that you are facing numerous cancer patients, a group tormented by years of hardship." Ye Feng nodded and paused the meeting.
"Rest assured! We will give Boss Ye a satisfactory response." The various representatives nodded and turned to make phone calls.
Soon, the second round of negotiations began. Judging by the appearance of the bank representatives, it seemed they had consulted with the higher-ups and reached a consensus.
"How did it go with the discussions?" Ye Feng smiled as he looked at them and asked.
"We have consulted, and we can offer the lowest interest rate of 4% annually, applied nationwide." In response to Ye Fengโs question, one representative answered truthfully.
"I feel this rate is still too high; I think cancer patients might find it too burdensome." Ye Feng shook his head again.
"Huh?" Hearing that it was still not feasible, the bank representatives were somewhat bewildered.
"Perhaps you could consult further? Discuss a bit more." At this moment, Ye Feng spoke and gestured.
"Okay, okay." The bank representatives nodded helplessly.
Under normal business circumstances, they might have lost their temper by now, walked away from the table.
But this was a task handed down from above, and they had to do it well. They couldnโt afford to mess it up.
Moreover, if the higher-ups were involved, Fengxue Group and Ye Feng couldnโt have come simply.
Even if they didnโt discuss further, the capital flow of Fengxue Group was astronomical. If they offended Fengxue Group and it withdrew its funds, they would have nowhere to turn to cry.
Wouldnโt that be the case? The funds held by Fengxue Group and Ye Feng were calculated in trillions. According to statistics, Fengxue Group and Ye Fengโs funds might already exceed five trillion.
If such a terrifying amount of money were to be moved, their losses would be enormous, and nobody could bear it.
Therefore, the banks hurriedly consulted with their leaders to come up with an interest rate that would satisfy Fengxue Group.
"Boss Ye!" After the discussions, one person approached Ye Feng.
This person held a relatively high position in the bank, certainly ranking among the top ten in the largest bank.
However, even he didnโt dare to be presumptuous in front of Ye Feng; he had to be polite and courteous.
"Is there something you need?" Ye Feng asked with a smile.
"Boss Ye, if the interest is too low, we might not be able to offer referral fees to Fengxue Group." The bank representative said softly with a bit of embarrassment.
Generally, referral fees are given for bringing in loan business to the bank, whether it is car loans or mortgages.
So, from the beginning, the banks intended to pass these business referral fees onto Fengxue Group.
"We donโt need these fancy gimmicks; we never planned on accepting those." Ye Feng shook his head, answering very sternly.
"Understood, Iโll seek further instructions!" Upon hearing Ye Fengโs words, the bank representative nodded, then went to discuss with others and asked the top management of the major banks for guidance.
In fact, the top management and shareholders from the major banks had all gathered in the conference room, ready to make joint decisions for this project.
They knew that there would definitely be changes in this matter, otherwise, they would have sent the most authoritative person. They felt Ye Fengโs status deserved their personal appearance.
But because there were too many matters to discuss and it was impossible to have all the top management present, they devised this plan.
Some time later, the meeting resumed.
"How did it go?" Once everyone was seated, Ye Feng smiled and asked again.
"Boss Ye, after consultation, and the consensus reached by several banks, we can offer an annual interest rate of 3.3%." The bank expressed great sincerity in their response.
Indeed, this interest rate is relatively low for the bank.
Consider that some fixed deposits over several years get such interest rates.
This indicates that the bank was really sincere.
But this is not what Ye Feng wanted, and with Jack Ma present, he wouldnโt allow such things to happen.
Following the bank representativeโs answer, Ye Feng remained silent.
Seeing this scene, Jack Ma knew it was his time to shine.
"Is that it?" So, Jack Ma smiled, then righteously said, "Faced with a vast number of cancer patients and many suffering people, Wanwang Bank intends to help them quickly escape their hardships."
"To assist them, we are even willing to treat this loan business as philanthropy, with the purpose of lessening the burden on many cancer patients. They have truly had a hard time, already being overwhelmed by lifeโs pressures."
"Therefore, to aid them, Wanwang Bank will launch loans with an annual interest rate of 2.5% to carry out public welfare projects for treating cancer patients."
In this regard, Jack Ma didnโt lie. He has always invested in philanthropy.
Moreover, the cost of funds Jack Ma is operating with is much lower than the banksโ.
Just from the balance wealth management products on Baobao Pay, Jack Ma could maneuver a large amount of funds, while providing users with an annual interest rate of just a little over one point, nearly two points.
Simultaneously, on Baobao Pay, funds from merchantsโ sales are withheld in a guarantee format, only released to the merchantโs account once the buyer receives the goods and confirms no issues.
Hence, using this time gap, Baobao Pay usually has a substantial amount of funds available for use.
Although ordinarily, utilizing these funds may be a bit unethical, using them for such charitable projects is more than suitable...
