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Text Chapter 488 Anxious Waiting

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    Mainland China's foreign exchange had always been a troublesome matter before the 1990s.  Because at this time, mainland China¡¯s foreign exchange controls were not at all the exchange that was common outside.  Especially when doing business in mainland China, things like foreign exchange are absolutely inaccessible.  If that's the case alone, it doesn't matter. Even in RMB, you can still buy things, but the key lies in the foreign exchange exchange in mainland China, which is very confusing.  The Hong Kong dollar in mainland China at this time is about four Hong Kong dollars for one RMB.  When converting U.S. dollars into RMB, that means one U.S. dollar is exchanged for about two RMB, or even less.  It seems that this exchange rate in mainland China is equivalent to one U.S. dollar for eight Hong Kong dollars, which is similar to the exchange rate in Hong Kong.  But there is a prerequisite for such an exchange rate, that is, everything must be converted into RMB before it can be calculated like this. Simply put, any foreign exchange sent to the mainland can only be converted into RMB, and there is no other way to go.  However, the status of the Hong Kong dollar in the mainland is very different from that of the US dollar. When investing in the mainland, if you invest 8 million Hong Kong dollars in a factory and invest 1 million US dollars in a factory, the treatment you get are completely different.  Although the actual value of the Hong Kong dollar and the US dollar are basically the same, the Hong Kong dollar is not as useful as the US dollar.  To put it simply, the Hong Kong dollar is not as strong as the US dollar. The mainland would rather have one million US dollars than eight million Hong Kong dollars. Even the treatment received by eight hundred thousand US dollars in the mainland may not be as good as that of eight million Hong Kong dollars.  The treatment received is high.  Under such circumstances, if Li Mingbao wants to invest in mainland China, unless the price difference is too great and it is more cost-effective to invest in Hong Kong dollars than in US dollars, otherwise he will still convert the money into US dollars because the treatment of US dollars is different, especially with CCTV.  For corporate cooperation, it is best for the money he prepares to be US dollars, not Hong Kong dollars.  Therefore, Li Mingbao does not deliberately want to torment Standard Chartered Bank, but it depends on whether the mainland prefers Hong Kong dollars or US dollars. If they like US dollars, then Li Mingbao will definitely not agree to Standard Chartered Bank's conditions. Otherwise, such a large amount of Hong Kong dollars,  They don't know how to exchange money at Standard Chartered Bank. Even if they want to exchange it, it will take a long time. There is not much benefit to Li Mingbao's investment. In the case where his business in Hong Kong does not cost much, Li Mingbao can get these Hong Kong dollars.  Come on, it has no use at all. Useless money is worse than waste paper.  Standard Chartered Bank is not very unfamiliar with mainland China¡¯s financial policies, and even understands mainland China¡¯s financial policies better than ordinary Western banks.  One is because Standard Chartered Bank is now based in Hong Kong. Naturally, it pays more attention to mainland finance across the river than ordinary banks. In addition, Standard Chartered Bank has had a cooperative relationship with mainland China over the years, so I want to know more about it.  These inside stories are not difficult matters.  So when Teres heard that Li Mingbao said that the money was going to be invested in the mainland, Teres knew that this matter was troublesome.  Li Mingbao's career in Hong Kong, Tris also knew that it would not develop much. Unless Li Mingbao could dominate the United Cinemas, otherwise Li Mingbao would not be of much use with so many Hong Kong dollars. If  Li Mingbao invests in making movies, not to mention that in Hong Kong, making movies is not as expensive as in the United States.  At least a few million dollars at a time, tens of millions of dollars more is not incredible.  When it comes to making movies in Hong Kong, so far, no film company has invested more in local movies than Li Mingbao¡¯s previous investment in "A Better Tomorrow." You know, this movie has been shot for more than a year now.  , and there is no other company taking advantage of it, and the most expenditure is HK$4 million.  Under such circumstances, Li Mingbao's income of at least one billion will have to be made in many movies to consume it, and even if it is exhausted, it will be a waste of time. Who knows how many years will happen, and by that time,  At the rate of currency depreciation, Li Mingbao would have to keep his money there, and the degree of shrinkage would be considerable. As long as Li Mingbao was not stupid, he would not do such a thing.  "Investing in the mainland is quite troublesome. From what I know about the mainland, they prefer hard currencies like US dollars and pounds for investment. They are not too keen on money like Hong Kong dollars.  , In this case, won¡¯t the money have to be converted into US dollars? This will put a lot of pressure on our Standard Chartered,¡± Teres said.  "Then I have no choice. After all, it's all money. The treatment in Hong Kong dollars is a bit lower than in US dollars. Invisibly, I will lose a lot of capital. This has nothing to do with me personally.  Of course, I think we can use another method. Although it still requires US dollars, the time left for Standard Chartered Bank will always be longer, so that your turnover will be much easier." Li Mingbao pretended.  Said innocently.  "What method?" Tris was also interested in listening to the method proposed by Li Mingbao."My investment in the mainland does not mean that all the funds will be transferred at once. It can be done slowly. And even if I cooperate with them and sign the agreement, it will take a long time.  Maybe it will take a year or two to get this thing done. Before that, even my initial investment cannot be too much. At most, it is an investment of tens of millions of dollars. Such funds will be fully prepared by Standard Chartered Bank within half a year.  That's about it. Your financial pressure will naturally be much smaller. In addition, the total investment there may not exceed 100 million US dollars, so there will be some surplus by then.  It¡¯s not impossible for me to exchange the money directly into Hong Kong dollars. Although it doesn¡¯t require much money here, it still needs to support the scene, so I definitely can¡¯t spend all the money on the mainland.¡±  I expressed my thoughts.  Hearing Li Mingbao's words, Teres narrowed his eyes: "Mr. Li, you are very confident. You actually think that your investment this time will make a profit of more than 100 million US dollars. Do you know anything about it, Mr. Li?"  Li Mingbao was stunned by what Reese said. He did not expect that the small flaw he had not noticed when he spoke just now was immediately caught by Reese.  You must know that the current exchange rate of the Hong Kong dollar is still top-secret news. Just because Tres knows it, it does not mean that Li Mingbao can also know it. Although Li Mingbao actually knows it, he cannot act like he knows it on this issue.  What he just said and the news he revealed shocked Tris quite a bit.  But at this time, Li Mingbao certainly couldn't admit that he knew these things, so he said haha: "How could I know these things? What I just meant is that the investment in mainland China will not exceed 100 million US dollars, and for profits  Here, I estimate that it will be no less than 50 million U.S. dollars, plus some Hong Kong dollars, combined with my principal, I can come out with no matter how much 100 million U.S. dollars.¡± ¡°That¡¯s it, I thought Li.  Sir, do you know some internal information? If this is the case, I will be impressed by your strength, Mr. Li. If you don't know, then forget it." At this time, Tris said with some meaning.  After all, Li Mingbao¡¯s subsequent explanation had too many flaws, and his words were a bit confusing and irregular. Therefore, an old fox like Tris could easily see some flaws.  But it was obvious that Tris had no intention of doing anything.  After all, the business has been settled now, and he doesn't want to cause trouble. Even if Li Mingbao knows some news, it has nothing to do with him. Anyway, he didn't spread the news.  It is not unbelievable that Li Mingbao has other channels. After all, Li Mingbao chose the right time this time, and he is still a layman. It is normal for him to be able to get this business done, even if there are some insiders.  , as long as it doesn't affect their profits, Terrys won't care about such things.  At most, Li Mingbao's strength, especially his strength in Hong Kong, is taken more seriously.  Seeing that Terese didn¡¯t go into details, Li Mingbao didn¡¯t explain much, so the negotiation was finally settled.  Afterwards, he signed an entrustment agreement with Teresi, and then Li Mingbao injected the funds he had prepared into Standard Chartered Bank.  Although a lot of handling fees were given to other banks in this process, the handling fees were still insignificant for such a huge amount of funds. Coupled with the upcoming profits, the handling fees and so on, Li Mingbao  I really don't like it.  After reaching an agreement with Standard Chartered Bank, Li Mingbao began a long wait.  At the same time, he also started to work on the United Cinemas chain. Although his irresponsible things in United Cinemas and the distribution port are already well known, he still doesn't mind doing some things when he has time.  Real facts.  And just after Li Mingbao started to be busy with the joint theater chain, Li Zhaoji on the other side was not in such a happy mood.  Ever since he talked with Li Mingbao that time, he has been anxiously waiting for Li Mingbao's reply.  In his mind, Li Mingbao must know some internal information about the exchange rate from the Hong Kong government, otherwise an outsider would not suddenly step into such an industry.  He is not only jealous of the foreign exchange in Li Mingbao's hands, but also jealous of the news about Li Mingbao. In recent times, Li Zhaoji has been working hard to collect Hong Kong dollars and prepare for the exchange of Hong Kong dollars. With Li Mingbao's cooperation,  Li Zhaoji believed that he would definitely become more powerful and make a huge fortune from this incident.  But he didn¡¯t expect that Li Mingbao would never meet him again except for that one contact with him. Even if he took the initiative to call, Li Mingbao would put the blame in many ways. To put it simply, he didn¡¯t want to meet him.
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