This is certainly not just empty talk.
In order to exchange for large amounts of US dollars, each bank has its own policies.
Furthermore, the four major banks have some authority to add a certain amount to the exchange rate set by the central bank.
Don't underestimate it just because it's a small amount.
Based on a base of $5 million, that translates to several hundred thousand RMB more.
You should know that in today's black market, there are wealthy people who go abroad to study, travel on business, or broaden their horizons.
To exchange enough foreign currency, the minimum exchange rate is 5 RMB to 1 USD.
You probably wouldn't be surprised by the bank's actions.
As he spoke, Chen Dong took out a checkbook from his bag, wrote down a string of numbers, and signed his name.
“Brother Li, this is a cash check for $5 million from HSBC. Manager Ma is here too, so we can verify it at any time.”
The words had barely left his mouth.
Ma Guoliang added, "President Li, since Mr. Chen has said so, we can now call HSBC's official hotline to verify the authenticity of the check number."
"If you're still not comfortable with this, we'll go to HSBC tomorrow and withdraw the money."
"No need, no need. Brother Chen has already said so, how could I not trust Brother Chen?"
Having said all that, Li Aiguo wasn't stupid; why would he utter a rebuttal?
in addition!
A few days ago, when Chen Dong exchanged $1 million.
He learned about Chen Dong's astonishing fact that his assets had reached $200 million through HSBC.
With $200 million as a base, $5 million is nothing!
Besides, if the bank can't see the collateral, no matter how much you plead, they won't release the loan.
Everyone knows this perfectly well.
Chen Dong never imagined that he could get a loan from a bank just by talking; that was unrealistic.
And the $5 million he mentioned was a real $5 million, without any exaggeration.
"Manager Ma, don't get agitated. If you scare Brother Li, who will approve the loan for me?"
Chen Dong's words had a double meaning; seemingly trying to smooth things over, he was actually reminding Li Aiguo.
I've already put up 5 million US dollars in real money, what are you afraid of!
"Yes, yes, Brother Chen is right."
Li Aiguo smiled awkwardly and asked, puzzled.
"Brother Chen, forgive my ignorance, but let's be clear: what are you trying to achieve by doing this?"
This is also what Li Aiguo doesn't understand the most.
$5 million can be exchanged for 23.94 million RMB.
Even without any preferential treatment, Li Aiguo wouldn't be surprised if a bank offered 24 million in exchange.
Chen Dong used the $5 million as collateral to obtain a $23 million loan from the bank.
Is he so rich he's burning money, or does he naively believe that bank loans are interest-free?
Obviously, someone who becomes a billionaire cannot be unaware of these things.
If Chen Dong is neither of those, then what is his purpose in doing this?
Li Aiguo was completely baffled.
......
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