Bullet financial view

Bank of Beijing, which has just changed its coach, has been pushed into a hot search by another news.

On the evening of April 18, a screenshot of the “shutdown notice” of “jingyitong” circulated on the social platform. In the announcement, Beijing Yihe Spring Technology Co., Ltd. (hereinafter referred to as “Yihe spring”), as the construction and operator of Beijing Yitong online system, said that the company could not support the company for seven years because bank of Beijing Co., Ltd. had refused to fulfill its investment obligations.

It is reported that jingyitong was born in 2011. It is a real name IC medical card with the function of e-wallet jointly issued by Beijing Municipal Health Commission, Beijing Municipal Hospital Administration and Bank of Beijing. It also has the function of micro payment, which is suitable for non Medicare patients and foreign patients in Beijing.

In April 2012, Beijing Medical pass card was officially opened in Beijing Tongren Hospital, shouersuo, Chaoyang Hospital and other municipal hospitals. At present, the Beijing Medical pass card and the social security card issued by Beijing Medical Insurance participants have jointly realized the “one card” system covering all patients in Beijing.

As of March 2018, the number of hospitals and districts settled by Beijing Yitong has reached 28. Later, with the addition of the epidemic situation in 2020, the number of users of jingyitong increased rapidly. Today, 85% of users are registered through online jingyitong, with a total of more than 55 million users. Jingyitong has also become an important channel for Beijing citizens and patients from other provinces to visit Beijing during the epidemic.

Therefore, when the news of the suspension of Beijing Medical Communication came out, there was an uproar. Why did Beijing Yitong suddenly come to the “dead end of shutdown”? Why did Bank of Beijing become the target of public criticism?

1. Melancholy operator
2. Beijing Yihe spring, the company is now considered by many people to be the operator of Beijing Yitong, but initially they were passively involved in the project.
3. “In 2012, jingyitong was officially put into use, but only a few hospitals signed contracts, and Bank of Beijing invested millions of funds to build instruments and settlement systems. At that time, from Bank of Beijing to Beijing government departments did not know how to quickly promote this project for the benefit of the people. In 2015, the popularity of wechat payment made the competent department of jingyitong see the opportunity to promote jingyitong on the mobile phone, so they found Tencent for cooperation.” Liu Hui (a pseudonym), who was responsible for docking this project at Tencent, said to “bullet financial view”.
4. He further revealed that at that time, he was introduced to a company specializing in operator payment system in Beijing. This company wanted to cooperate with wechat payment to promote the corresponding online payment technology. This company is Yihe spring.
5. “Therefore, the three parties hit it off immediately. Tencent provided technology and payment channels. Yihe spring was responsible for the specific R & D and operation implementation. The investor of Beijing medical communication, Bank of Beijing, provided data settlement, relevant policies and working capital.” Liu Hui said.
6. According to the news, in 2015, Bank of Beijing, Tencent and Beijing Yihe spring signed the strategic cooperation agreement on smart Beijing medical communication. At that time, the report said that the cooperation is conducive to the landing of digital medical services in Beijing. “WeChat and WeChat pay for the construction, and based on the Internet plus intelligence Beijing medical application platform, we will create a new model of intelligent online medical services.”
7. “In fact, when we first signed the contract, we confirmed that Bob would provide working capital, and after the contract was signed, Bob also paid 5 million yuan to the operator of the project.” “But as far as I know later, the follow-up working capital has not been implemented,” Liu Hui said to the “bullet financial concept”
8. Liu Hui also said that in the whole cooperation, wechat payment directly collects benefits from the process. “The expenses and corresponding investment of the operator have nothing to do with us. After the R & D of this project is completed, our docking is terminated, but we have been paying attention to the operation of Yihe spring and feel that they are particularly difficult.”
9. “At that time, the technical director of Yihe spring was a girl who drifted north. At first, she thought she had received a big list, but she didn’t expect to ‘lose it’ later.” Liu Hui said.
10. He believes that in this cooperation, the refusal of the Bank of Beijing to fulfill its investment obligations was a little unnatural. “The tripartite agreement at that time may have been signed in a bit general. There was no clear indication in the agreement on how much the Bank of Beijing was responsible for the investment business, and because the whole project did not set up the framework at that time, I didn’t know how much money it needed.”
11. In his opinion, the whole team of Yihe spring is relatively young without the participation of corresponding financial personnel, which has left a “loophole” in the contract and left room for the follow-up operation of Bank of Beijing.
12. According to him, later, the Bank of Beijing tried to introduce state-owned assets into the project and also provided a scheme for equity and asset replacement and guarantee. However, due to the internal personnel changes and the coordination problems of all parties, Yihe spring had to pay by itself.
13. “It’s strange to say. It seems that there is nothing wrong with the three parties, but in the end, it’s a ‘full screw’ result. If you want to release the deduction, it may depend on the internal decision of Bank of Beijing.” Liu Hui said.
14. 2. A good project that doesn’t make money
15. For a long time, most people think that the Beijing medical communication project is officially operated by the Bank of Beijing, especially the card of Beijing Medical Communication opens an account directly in the Bank of Beijing.
16. Bank of Beijing once mentioned the performance of “benefiting the people’s financial services” in May 2020. By then, it had issued 28.31 million cards, and the appointment rate of municipal outpatient service was nearly 90%. This may be an important reason why Bank of Beijing supported the implementation of this project at that time.
17. Even if the Bank of Beijing does not pay the follow-up working capital, Yihe spring is also willing to raise funds to operate Beijing Yitong so far. In addition to this being a good project benefiting the people’s livelihood, there are certain interests.
18. After all, the “114 Registration Platform” also undertakes part of the registration business, with an annual registration volume of about 7 million times, with a subsidy of 21 million yuan per order. From this point of view, if bank of Beijing, as a fund provider, can help coordinate, it can receive more than 100 million yuan of subsidies according to the data of about 35 million registrations of jingyitong every year, which is enough for the company to operate well and develop orderly.
19. Unfortunately, on the one hand, the management of Bob has changed during this period, and the implementation of the commitments given by the previous leaders during the tenure of the subsequent leaders is not ideal; On the other hand, Yihe spring has been looking for Beijing prime minister