Rebirth 1977 Great Era

Chapter 858 Huo Family's Overseas Account: An Unexpected Gift for Situ Jie (Bonus Chapter for Monthly Tickets)

"By the way, aren't you guys filming a movie?"

"Compared to the salaries of those movie actors, do you still think this amount is too much?"

"..." Faced with this question, Fang Yan didn't know how to answer, because he didn't contribute any money at all.

He didn't ask Lao Hu how much money he paid to hire people.

However, this statement actually makes sense. Take Hendrik Willem Van Loon, an industry leader, for example. Before 1978, Golden Harvest invited Van Loon to join the company, and his salary kept increasing. From the initial 200 million, it was raised to 240 million at the third meeting. In the end, Van Loon received a salary of 480 million for his first film after joining Golden Harvest.

If HK$4.8 million is converted to US dollars, then at the current exchange rate, that's more than US$2.6 million.

Compared to $120,000, it really doesn't seem like much.

Moreover, after the reform and opening up, everything requires money. Now, 120,000 yuan a year seems like a lot, but when you actually need it, it will seem like too little.

“Dr. Fang, please don’t refuse. Your medical skills are absolutely worth it. Besides, we’re the ones who started this, so we can’t offer too little. Otherwise, when other people ask you for a consultation, they will try to lower the price, which wouldn’t be good for you,” Ms. Lü said to Fang Yan.

She made it even clearer: the Huo family wanted to hire Fang Yan as a consultant, and they were the first to do so, so they couldn't afford to make a bad start, lest it lower Fang Yan's prestige.

It must be based on the highest local standard.

Others will naturally understand once they see this.

Although the higher-ups might not agree to Fang Yan serving as an advisor to others, the Huo family certainly couldn't do their job poorly.

Hearing this, Fang Yan snapped out of his reverie, smiled at Ms. Lü, and said:

"Since Mrs. Huo has said so, then I shall respectfully comply."

"That's good." Seeing that Fang Yan was so obedient, Ms. Lü immediately smiled and nodded.

I enjoy talking to smart people; they understand things immediately.

Next, Fang Yan signed a consultant contract with Representative Huo for 120,000 yuan per year.

"Jiahui, come over here and explain the remittance process to Dr. Fang," Representative Huo called to his assistant.

Then a middle-aged man in his thirties wearing gold-rimmed glasses walked over. He took out a notebook and said to Fang Yan:

"Dr. Fang, it's like this. Because there are regulations in China, our overseas institutions need to obtain approval from the State Administration of Foreign Exchange to pay labor remuneration to individuals in China, so this remittance may be a little troublesome."

"I now have several compliant operating procedures. Please listen and decide which one to choose."

"Okay." Fang Yan nodded.

In this day and age, sending money overseas is not an easy task.

There are many rules involved.

The assistant, Jia Hui, opened his notebook, adjusted his glasses, and said:

"First, my Huo family, through its Hong Kong subsidiary, has invested US$12 in the Dialect Fund under the Ministry of Health and appointed you as the project consultant."

"This 'dialect fund' is of course the fund that Mrs. Huo mentioned earlier over at the outpatient building."

"Because the 'Interim Provisions on Accepting Donations from Overseas Institutions' allow for foreign exchange donations for public welfare purposes."

Fang Yan nodded:
"That's good."

Jia Hui added:
"However, there is a problem with this, which is that when you use it, other people can monitor where your funds go."

Fang Yan frowned slightly and asked:
"What about the second option?"

Jia Hui turned to the next page and continued:

"The second option is for us to open a personal account for you in Hong Kong. Hong Kong's Banking Ordinance allows non-residents to open accounts, but they need to provide proof of legal source of funds, which we can handle. However, you won't be able to use the money in this account directly in China; someone in Hong Kong will need to operate it on your behalf."

"Hmm..." Fang Yan stroked his chin. This plan sounded pretty good.

I'm not in a hurry to use the money right now in China. I've put it in a bank in Hong Kong. The US dollar has been appreciating, so keeping it there is like making money.

Furthermore, after engaging in international trade with Lao Hu, some of his funds could not be entirely converted into domestic currency.

After all, acquiring some traditional Chinese medicine formulas on the international market also requires US dollars.

More importantly, having this account has solved a lot of trouble. He doesn't need to make a trip to Hong Kong to have his own account, which Fang Yan thinks is pretty good. He just doesn't know if the account is really registered in his name.

On second thought, the Huo family must have some ability.

"There is a third option, which is to use the remittance system of Hong Kong Nanyang Commercial Bank to split the funds into monthly remittances of US$1, with the note indicating that it is for the support of overseas Chinese relatives, and the money will be directly remitted here. In this way, you will not be subject to supervision for every transaction, but you can only use the money in China."

This is the most commonly used method for overseas remittances.

Compared to the second one, the dialect doesn't seem quite right either.

"The fourth option is for us to transfer the money to your and Mr. Hu's corporate account in Hong Kong, with a special note stating that it's for your consulting fees..."

Jia Hui gave Fang Yan his final proposal.

Fang Yan snapped out of her daze and said to Jia Hui:

"Secondly, I will need to deposit some money for overseas trade in the future, and this account will solve my problem."

Although the fourth one is a Hong Kong account, there is a second option, so why choose this one?
Why do you have to go and check the company account?
Representative Huo nodded:

"Okay, then the second one."

"Okay." Jia Hui wrote it down.

Then he said to the dialect:

"Dr. Fang, let's exchange telegraphic contact information. We'll notify you from Hong Kong when the time comes."

"Okay." Fang Yan nodded and then gave him the address of a courtyard house.

After doing all that, Fang Yan gave Ms. Lü a recipe and told her to follow it for the next few days.

Fang Yan finally said goodbye to them and left the ward.

Fang Yan then greeted the dean and reported that everything was done.

Then he went to the outpatient building.

Fang Yan still hadn't picked up the gifts from the two families that day. She also wanted to check if Director Liao and the others were still there. If they were, they should have already discussed things clearly.

When we arrived at the consultation room, Director Liao and the others had already left.

Fang Yan had no choice but to take the box given by the Situ family and the book given by the Huo family.

Then I went home, opened the box, and read the book.

I went straight home after leaving Peking Union Medical College Hospital. There's only half an hour left before lunchtime. I barely rested all morning.

These are the two patients we're treating. We don't even know how many patients we'll have tomorrow.

I didn't run into Director Liao earlier, so I don't know his arrangements.

Fang Yan went to his study and decided to first see what was in the Situ family's box.

Judging from the weight inside, Fang Yan had previously guessed that it was something like gold bars or a watch.

Wait until you unlock the box and open it.

Fang Yan was stunned when he saw what was inside.

He paused for several seconds before picking up the contents.

Then, looking on with a puzzled expression, he looked at it over and over again several times, muttering to himself with a confused look:

"A miniature pistol? Did Situ Jie grab the wrong box?"

Yes, there was a small, dark-colored pistol inside the box.

Although there is no gun ban in China these days, what is he planning to do by giving himself a doctor's pocket pistol?
P.S.: I still owe you 53000 words after finishing this chapter.

There will be more this afternoon!

(End of this chapter)