Sometimes politeness and temptation are just for the last face, Chinese have good face, Hong Kong people are also Chinese, naturally not other. Even foreigners actually have a good face, but the degree is not as good as that of Chinese. After a few back and forth temptations, the form passed, and both sides felt that they couldn't test the deeper bottom line!

Boss Lei stretched out his hand and asked someone to bring good tea, and after they sat down, they glanced at the others, then turned their heads to look at He Zilong and said, "Mr. He, please drink tea, I don't know how much money you can invest today, or how much money you can lend to me?"

"This tea is good, but I still like the black tea from my hometown......" He Zilong answered the question, and put down the tea after a few sips. took the document from Li Dawei's bag, raised it, and said to a few people on Boss Lei's side:

"Manager Liu of Citibank, said that Boss Lei urgently needs 50 million yuan, according to the bank's urgent interest, that is a dime of interest, are you sure you want it...... and it is still repaid according to the principal and interest every month!"

It's one thing to be in a hurry to use money, but the worry is really for people to say it in front of all partners. Boss Lei was still entangled, and the hand that he originally wanted to stretch out stopped in mid-air, his brows tightened.

Generally speaking, if you have good qualifications, you can borrow money from a bank. The interest rate is 5%, less than one cent, which is about 5% annualized.

When acquaintances or qualifications are not good, "1 cent interest" should be an inaccurate statement that the people do not bring an interest-bearing cycle, and the formal statement should be called: "one cent of annual interest", borrow one yuan, and repay the interest at the end of the year, that is, the annual interest rate is 10%;

General credit card installment, for example, credit card bill 10,000 yuan, monthly installment interest rate bank discount 0.6% after the discount, the annual rate is 0.6% * 12 = 7.2%, it seems to be quite cheap, 12 installments, the principal to be repaid every month is 833 yuan, the interest is 60 yuan, a month of principal plus interest will be repaid 893 yuan a month, it seems that it is not much.

However, many people ignore the fact that in the equal principal and interest repayment method, the interest repaid every month is fixed, and the principal is reduced every month.

For example, the principal in the first month is 10,000, the second month is 10,000-833=9,167, and so on, and the principal is 833 yuan in the 12th month of the last period, and the interest is still 60 yuan, and the actual interest rate in the last month is 60/833=7.2%, which is many times higher than 0.6 per month!

So what is the actual utilization rate of funds each month for equal principal and interest repayment?

(10000 + 9167 + 8334 + 7501 + ..... + 1670 + 837) divided by 12 months = 5419 yuan, and the actual annual interest rate of the installment is 720 yuan / 5419 yuan = 13.28%, you read that right, this is the actual interest rate of credit card installment, which is more than doubled!

And Boss Lei is in a hurry to use money now, but it is not an annualized rate, he really can't borrow money anymore after borrowing money from other banks normally. I want to borrow usury, but the police have cracked down on it recently, and no one can give him 50 million Hong Kong dollars at once. Especially after knowing what he's used for it!

In other words, if he borrowed He Zilong's money, if he repaid the money, it would be equivalent to 100% interest repayment within a year, because it was a monthly rate, that is, borrowing 50 million and repaying 100 million.

However, does the surname Lei have a choice now?

Reluctant to give up, he always thought that if he persisted a little longer, he would turn around, so that most of the funds of the theater chain were mobilized. Even for this reason, he was powerless to take care of the suppression on the Shaw Brothers' side, and all the places where he could borrow money were borrowed!

Just because He Zilong inquired about it, he was speculating in futures, and he was about to blow up.

Just when the surname Lei was about to close his eyes and reluctantly accept He Zilong's request, when he took the document, He Zilong's other sentence made him open his eyes: "Boss Lei, if your theater chain and the company are willing to sign a contract with our film company, and have priority for life to stage an exclusive contract, of course, we will not occupy all the time to schedule films, this can be discussed, then I can waive this interest, and I won't charge you a penny......"

"You, you...... Is this true?" everyone present was very surprised, of course, the most shocked was surnamed Lei.

"Of course...... And you can go to the notary office, notarization. He Zilong nodded seriously and replied.

As soon as these words came out, the surnamed Lei stood up, just walking back and forth in the office, thinking with a face.

None of the others spoke, quietly waiting for the decision of the surnamed Lei. Let him weigh the stakes and profits.

The interest of 50 million is definitely not small, but compared with the contract such as lifelong exclusive bonus and priority, if it is a small and long-term stream, and then look at the young appearance of the other party's boss He Zilong, I am afraid that over the years, the return brought by this is far more than the 50 million N. times.

But, but, but, now is also an important juncture for yourself, if you have this money, get through it, and turn around. I'm afraid of the loss of this small and long stream, and I don't see the loss, and I earn so much back at one time, even if I get it back, it's good to return to the capital.

"Alas, this damn futures ......" Boss Lei sighed heavily in his heart.

That's right, the futures he plays are quite big.

The Hong Kong futures market started in the early 70s. In December 1976, the Hong Kong Mercantile Exchange was established to launch futures trading on cotton and raw sugar. In 1979 and 1980, soybean and gold futures were added to the market.

However, the development of the Hong Kong Mercantile Exchange has not been smooth, and from the perspective of the types of futures contracts, it has been stuck in four commodity futures such as cotton, and the turnover is relatively cold. In particular, cotton futures were discontinued in October 1981 due to low trading volumes.

However, this situation has been opened up in recent years, and it has also brought a new way of investing to all people in Hong Kong, which is very popular.

In 1985, the Hong Kong Mercantile Exchange was reorganized into the Hong Kong Futures Exchange (HKFE), which is the only institution in Hong Kong licensed to trade futures contracts. At the same time, the Hong Kong government has amended the law on futures trading, formulated trading rules, and strengthened its regulatory functions.

In May 1986, the Futures Exchange first launched Hang Seng Index Futures, a financial futures product, marking a new stage of development for Hong Kong's futures market. In 1990 and 1991, Hong Kong dollar interest rate futures and Hang Seng Index sub-futures were launched respectively, and the Hang Seng Index options contract was officially launched, injecting vitality into Hong Kong's futures market.

Benefiting from the previous bull market, the Hong Kong stock market rose sharply, as did futures. Moreover, the leverage of futures is larger, and you can earn more back.

As a result, Boss Lei took a heavy position.

At first he was laughing, but unfortunately he didn't stop. And then there was no then, and everyone knew what happened after that. He Zilong ran ahead of schedule in the stock market, and the Hong Kong stock market collapsed in a short period of time, and countless people went bankrupt.

And Boss Lei was smart for a while, confused for a while, but did not stop the loss, but increased the margin and borrowed money everywhere, hoping that there would be no liquidation. Thus, the current situation has been created!

The bank borrowed what it could, and then borrowed for fear of risk and bad debts, and the banks would not lend money to Boss Lei. Even if the theater chain is pledged to the bank, it is tangled and there is no consent! After all, the Shaw Brothers are suppressing, and it is difficult to say whether these theaters will survive in the future.

Historically, banks have only been the icing on the cake, but have you ever seen a bank help in a bad situation?

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(End of chapter)