Mitsui Bank is, after all, a large bank with an excellent reputation. Selling financial products is also part of their business.
In addition to sales commissions, you can also earn commissions.
If you take one million to any bank and say you want to deposit it as a fixed deposit.
Rest assured, you will be immediately upgraded to VIP exclusive service, with dedicated staff to handle all kinds of business for you.
regular?
That's just a small amount of money! Investment funds are the way to go. High returns, guaranteed profits.
They will patiently explain the types of funds and their risk levels.
Alternatively, you can open a dedicated overseas account for overseas financial transactions, such as H-shares, which are currently performing very well. You can make money simply by throwing money at them, without having to leave home or make a phone call, as professionals will manage your account for you.
All you need to do is pay the commission and handling fees.
It's a classic case of profiting from both ends; you deposit the money, okay. But that money is no longer under your control. No, it's more accurate to say it's no longer yours.
This kind of operation is something Wall Street has already done before. That's why they're called the wolves of Wall Street—they're all greedy people who devour others without spitting out the bones.
It wasn't until after 2000 that some private companies, foreign exchange companies, and overseas funds emerged in China.
When Xing Baohua first started working, he received many phone calls.
"Hello sir, I am from a certain star-rated hotel. We are currently having a members' promotion: 1888 yuan for 10 rooms at 899 yuan each, including breakfast."
The hotel is right downstairs, next door, all in the same office building complex, so you basically don't need to call after receiving a call.
Having just started working, who would stay in a five-star hotel? Everyone would rent a place to live.
He doesn't even have a girlfriend, what's the point of renting a hotel room?
In other words, telemarketing has already begun, not only for hotel sales but also for overseas funds.
After receiving the call, they said they could help you set up an overseas account so you could buy and sell stocks and indices in the Dow Jones, Nasdaq, and S&P 500.
To buy or sell, you need to call their customer service; they will assist you with the transaction.
Anyone with a modicum of sense wouldn't hire a company like that. It's basically throwing good money after bad.
After a period of time, these sales calls basically disappeared.
However, this approach still exists, but it's no longer run by independent companies; it's now handled by securities firms, insurance companies, or banks.
High credit rating!
What's most infuriating is that insurance companies collude with banks to work as lobby managers or service staff at the counters.
Helping to hand out forms and teaching how to fill them out.
They even ask you how much money you want to deposit. No matter how much you deposit, you can't get into the bank, and you inexplicably receive a thick contract.
When you urgently need money, do you take the contract to the counter to withdraw it?
hehe!
There are only a few ways to withdraw money, the most common being passbooks and cards.
Aside from companies, personal cash withdrawals can be made via passbooks, cards, cash checks, and bearer bonds.
If you take the contract with you, who will pay you?
Only then did you realize that the money you deposited had gone to the insurance company, and now it was difficult to get it back!
If it's within the cooling-off period, it's fine; at most, you'll lose a processing fee of 10 yuan. After that period, you can cancel the policy according to the contract.
Generally, when canceling an insurance policy, a certain amount of handling fees will be deducted before the remaining insurance premium is refunded. The specific amount that can be refunded depends on the circumstances.
You also need to add the time for canceling the policy; it can take one to two weeks for the money to arrive in the designated card.
The Japanese have also learned their dirty tricks from Wall Street.
Regardless, bank credit scores are still very strong and indispensable in daily life. Choosing other banks involves the same process.
However, the trading platforms set up by banks are still quite reliable. The fees and commissions are high, but profits and losses are transparent and straightforward, without many hidden pitfalls.
But there are also many pitfalls. It depends on the person you're dealing with. If something goes wrong, you won't be able to win a lawsuit. There are people who can scare you into believing you're right.
Mitsui itself funded the distribution of Xing Baohua's shares, yet this guy still thought the other party couldn't handle it.
Now I understand, Mitsui has the support of the Japanese people! Four billion US dollars seems a bit too little.
Even if it's 40 billion, the other party can consume it without suffering any harm.
It's just that when there's a crisis, there are more people queuing up to go upstairs and see the scenery.
Is that even a big deal?
The area is small, but the population is large. It's like consuming food; consuming people can actually help the government solve many problems, such as lowering employment rates, reducing welfare benefits, and lowering property fees.
They are not afraid of trouble or public opinion, and they always manage to find a perfect solution.
Xing Baohua instructed his shareholders to release information about his car manufacturing project, and even put several photos of the cars on the front page of newspapers.
It was quite ordinary, nothing much to discuss, but everyone noticed one thing: Xing Baohua was short of money.
They are indeed short of money. Nobody knows exactly how much the benchmark company has. They have raised a lot of money, spent a lot of money, etc., all of which have been mentioned in public reports.
Evening financial news experts said that Xing Baohua was forced to sell stocks, just look at the projects he has, how many billions are in telecommunications, how much money has he invested in banks.
I heard they're also involved in private widowhood schemes. I don't have specific figures for those, but I estimate they'd cost at least several hundred million.
Now, with the addition of car manufacturing, patent acquisition, engine production line purchases, and so on, it's impossible to operate without five or six billion US dollars.
This expert is one of our own, someone we paid to give a talk, just trying to sway public opinion.
Foreign car manufacturers don't talk about billions; they can start with just a few million, and their cars are incredibly expensive.
It's simply a matter of guidance. If you hear or see information about Xing Baohua selling stocks, don't panic. It's not caused by external factors; it's because this guy is genuinely short of money.
Information whitewashing and guidance.
As soon as the news came out, many people cursed, asking when it would actually be sold.
This chapter is not finished, please click the next page to continue reading!
Continue read on readnovelmtl.com
