This also includes his two mansions in Hong Kong and a factory.
If you really think about it, the cash he holds will not exceed HK$10 million.
Chen Dong, however, took HK$16 million and invested it in the financial market.
It's clear how much of an impact Chen Dong had on him.
"Mr. Chen, you're not joking?"
"Mr. Huang, I don't like to joke, so just tell me directly, how many points are needed to exchange 10 million RMB?"
"In addition, the money you exchanged must be given to me within one day."
Upon hearing this...
Mr. Huang gave a wry smile and said.
“Mr. Chen, you may not understand the intricacies of this. The larger the amount exchanged and the tighter the timeframe, the higher the costs will be.”
“If it were just a few hundred thousand, three points would be enough, but since you’re exchanging so much at once, it will take at least ten points.”
Ten points?
That is, HKD 1.6 million.
Goodness, that's way too dark!
This is probably the price for money laundering, right?
Chen Dong's face turned somewhat ugly. Were they treating him like a fat sheep to be slaughtered?
However, going through the proper channels simply won't work.
Finally, with Mr. Huang's explanation, Chen Dong gained a general understanding of how this industry operates.
Hong Kong people who come to the mainland always need to eat and spend money, right?
The people working for the money exchange, along with small merchants and vendors, formed a network of interests.
It's the same reason why many mainland Chinese businessmen only accept RMB and not HKD.
At this time, some people specialize in this, using a slightly higher exchange rate than the bank to buy up the Hong Kong dollars from these vendors.
Some people simply wait at the border to help Hong Kong residents exchange Hong Kong dollars for RMB.
In the process, these people accumulated a large amount of Hong Kong dollars.
The people in the money exchange weren't stupid; they knew they were doing this to make money.
And the wool comes from the sheep...
......
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