Hong Kong Storm: The King of Jobs

Chapter 522, Section 112: Traffic Fees
“Mr. Xia, it’s a total of two million Hong Kong dollars.”

The accountant worked quickly and efficiently, counting all the banknotes in the two suitcases and reporting back to Xia Jiade.

"Issue a receipt, send a copy to Law Firm of Law Luo Wenjin, and give the original to Mr. Chi to take away."

Xia Jiade looked at the two suitcases in his hands and felt very happy, because part of these two large golden bulls would become his bonus for this month and be deposited into his bank account.

The two accountants quickly issued a receipt bearing the financial seal of Jardine Matheson Insurance, which Xia Jiade signed with his full name.

This receipt will be sent to the notary office for notarization first thing tomorrow morning to ensure that the rights and interests of both parties are protected.

"You all go out first, I need to have a good talk with Chi Shengchi Tai."

The second premium has been paid. On the last day of the policy application period, the policy will remain valid as long as the sun rises tomorrow.

"Xi-zai, you go out too. Don't drink too much coffee tonight. Once things are settled, let's go eat at Fook Lam Moon."

Chi Mengli also asked Xizai to go out so that everyone could speak freely.

Those who were not involved in this crucial chat have all left, and everyone is free to do as they please.

“Mr. Chi, you Chinese people like to beat around the bush, it’s a cultural characteristic, but at Jardine Matheson, in Jardine Matheson’s meeting rooms, you can speak freely and talk about money openly.”

Xia Jiade began his opening remarks, a phrase he often used because Jardine Matheson Insurance had the highest premiums while offering poor service.

However, Jardine Matheson and its subsidiary Pacific Insurance Company have a significant advantage: they have many convenient means of debt collection in Hong Kong. In order to make up for losses, Jardine Matheson can immediately freeze all related assets of the defaulting party.

Jardine Matheson's connections and influence in Hong Kong are beyond imagination.

Generally, Chinese businessmen come to him mainly to find a powerful backer who can solve their problems.

Xia Jiade knew perfectly well about the background of the man in front of him, Chi Sheng. After all, Yihe also had its own legitimate business investigation company, and all the investigators there were police officers.

It is not a shame to be born in a humble family!

A true man knows when to yield and when to stand firm!
"I'm increasingly enjoying dealing with foreigners because, for the sake of money, we can wholeheartedly offer each other advice and strategies, no matter how much we dislike each other."

"Mr. Xia, to be honest, I came here this time to find a backer. HSBC is associated with the element of fire, and I am naturally incompatible with fire, so my legal advisor, Ms. Shan, introduced me to Mr. Xia."

“Xia Sheng, I would like to ask how I can become closer to Yi He.”

Chi Mengli took out a cigarette case, waved it in front of Xia Jiade, and seeing that the other party had no interest, she lit one herself, blew out a smoke ring, and sincerely asked for advice.

"There are many ways, but the most convenient, quickest, and most likely to increase goodwill is this investment proposal."

Xia Jiade placed the prepared proposal in front of Chi Mengli, inviting this important client to review it.

[Hong Kong Land Bond Issuance Prospectus]

Hong Kong Land is Jardine Matheson's most profitable cash cow right now, but real estate projects are all capital-intensive, costly, and have high returns, but they have a minimum sales cycle of 24 months and require massive amounts of project funds.

But now Jardine Matheson is also acquiring top Asian groups. Astra Group is Jardine Matheson's target. As Indonesia's largest automobile manufacturer and palm oil producer, Jardine Matheson's goal is to control the supply of commodities in Asia.

Furthermore, it expanded into the retail industry, embarking on a frenzy of acquisitions of large supermarket chains.

Dairy Farm International acquired 7-Eleven, Mannings Pharmacy, Maxim's Catering Group, and Mandarin Oriental Hotel Group. Even Starbucks, a currently unknown but future coffee retail giant, and coffee and tea supplier Nestlé and Jardine Matheson have already squeezed into the board of directors, just one step away from gaining absolute control of these two companies.

These actions all require ample cash, so Jardine Matheson is using Hong Kong Land as collateral to raise funds from various sectors in Hong Kong.

Chi Mengli glanced through it briefly and found that the profit return rate was not high, only a mere ten percent. However, two percentage points would be deducted from the profit return rate as management fees.

In other words, after deducting the premiums from Jardine Matheson Insurance, the only return is an annual interest rate of 8%.

It's important to know that the Hong Kong Stock Exchange and the Hong Kong Monetary Authority do not restrict the interest rates of various banks at all. Take Hang Seng Bank, Chinese Bank, and United Overseas Bank for example; the annual interest rates of these three banks are all maintained between 11% and 15%.

This is also the main reason why Hang Seng Bank's loan interest rates are frighteningly high.

Chi Mengli turned to the last page and found that the purchase threshold was HK$50 million. After understanding the situation, he closed the document.

"Cash only?"

Chi Mengli moved the document in front of Xiren with her finger, and then tentatively asked a question.

"Of course I accept. I know that Mr. Chi has a lot of minor troubles, but these minor troubles are not troubles in the eyes of Jardine Matheson. The Commercial Crime Bureau needs the authorization of the Chief Justice to enter the doors of Jardine Matheson Insurance."

"Neither the top boss nor Shapison would allow their underlings to cause trouble at Jardine Matheson."

"In other words, Mr. Chi, you can send all the money in your hands to Jardine Matheson Insurance, and we will help you manage it."

"However, Mr. Chi, your banknotes are a bit special. In addition to the normal handling fee, Jardine Matheson Insurance will also deduct a three percent storage fee. I think Mr. Chi will not mind."

"The funds can be held for one year, three years or five years. If Mr. Chi has a need for funds, he can take the policy to apply for a loan."

“Although Jardine Matheson Group does not have a bank, it does have a financial company. If Mr. Chi finds the financial company’s fees too high, we can also help him get a loan at Hong Kong Club.”

"This is the fastest way to gain Jardine Matheson's friendship!"

Xia Jiade had finished saying what he needed to say, and then looked at Chi Mengli and the other person with a smile.

"Fees?"

As a gangster, Chi Mengli originally thought he would only collect fees from others, but tonight, he was the one being charged fees.

How the wheel of fortune turns!

"No! My personal understanding is that it's a friendship-building fund!"

Xia Jiade smiled and continued, "Chisheng, AKB Company is a very good cash cow. You are the largest shareholder and controlling shareholder of AKB Company."

"As long as AKB48 doesn't run into problems, you'll have a steady stream of cash flow."

“Jardine Insurance is also looking forward to cooperating with Mr. Chi. As long as Mr. Chi is willing to list AKB Company, we at Jardine are willing to become your friend.”

Xia Jiade knew all too well how profitable the entertainment and gambling industry was. Although he was British, he was also a loyal NBA viewer, and he had a lot to say about how much money these kinds of shows that attracted nationwide attention could make.

After all, he would take annual leave every year during the finals to fly to the venue and watch the finals.

(End of this chapter)