Chapter 436 Entering the Film Industry

Chapter 436 Entering the Film Industry

Chapter 436 Entering the Film Industry

Within a month, Zhongyitang Film Production Company, Zhongyi Securities, Fudeshi Auction House, Zhongyi Watch Industry, Zhongyi Foreign Trade, and many other shell companies were established one after another.

Among them, there are shell companies, actual operating companies, and companies that have been acquired. Layer upon layer of shells and transactions are carried out to create a money laundering chain.

The core of money laundering is actually to hide funds, evade supervision, and launder black money with low tax rates.

Because, if you are willing to pay a high tax rate, there is no need to launder the money. Just pay 20% personal tax and the money will turn into white money after it goes through Macau.

Money laundering companies often go through industries with low tax rates, such as stamp duty on stocks, tariffs on foreign trade, and profits tax on movies.

The black money can be laundered at a tax rate lower than 10%. After all, the amount is huge, and a difference of 1% may amount to millions or even tens of millions.

Therefore, tax-favorable areas and financial cities are often money laundering centers. The influx of large amounts of black money also makes the economic momentum of the areas that have been opened stronger.

The fees left over from money laundering are enough to support a large number of people. Unfortunately, the laundered money will flee in various ways and will not be used to develop local industries.

This will create an economic illusion that the real industry is declining, while the financial and entertainment industries are booming. This will cause the city to be greatly affected by policies and the world economic situation, making it very easy for a financial crisis to occur or for foreign capital to harvest it.

Dan Tart was quite capable. With the help of the original channels of various gangs and the influence of the company, he spent only more than 10 million Hong Kong dollars to initially build a money laundering network.

Now that Wang Jingtang no longer has Lao Zhong's 20,000 troops, he is still a TVB director. Without Shao Yifu's old friend, it is natural that he will be in his element after retiring from the film industry.

Wang Jingtang knew that there were unlimited channels for small transactions in Dantai Manufacturing, relying only on securities, auction houses, records and acquisition companies. It would be very unusual if there were no orders to be found.

Although Wang Jingtang hopes to make money from a movie, if the film company can make a profit, it will raise billions by buying shares in the future.

Anti-money laundering groups will keep up with the times and have already started to monitor money laundering in movies. Bad movies with low box office are very easy to be audited, and no matter how complete the procedures are, there will be no trouble if they are monitored.

As for "The Romance of the Condor Heroes", it is Shaw Brothers' famous work in history. Without Wong Ching-tong's increased investment and promotion, the bad box office performance is unpredictable.

Dan Tart took a sip of his cigarette and smiled: "The investment brokers you hired were not prepared!"

"Does your team have a new money laundering plan? Last time, two million was shortchanged. If there is no problem!"

In the past, the Eight-Hand Society could make movies, launder money, make extra money, play with male stars, and get in the limelight. This really attracted the envy of a small group of weaklings in the underworld, and those who did not have a certain status in the underworld all opened film companies.

All kinds of gossip and entertainment circle fun are born from this, which is the reason why people lose their lives and lose their reputation. Sun Kee can offer the highest commission for money laundering in Hong Kong because it holds shares in Sun Arts and has the smallest money laundering channel.

Dan Tart looked happy, flicked the ash off his cigarette, and sighed, "It's still a bit too much to wash less than 10 million Hong Kong dollars at a time. I don't want to be bitten by the Commercial Crime and ICAC people."

Shaw Brothers is the son of veteran director Wang Tianlin. He worked as a screenwriter for Yin Zhao in the 70s and came to direct his first film, "The King of Thousand Kings", learning from Cheng Long's action comedy and incorporating gambling elements. The film achieved impressive box office and made him a star in Yin Zhao.

Wang Jingtang took off his white woolen windbreaker and handed it to Huo Zhengting to hang up. Then he put on his vest, sat down on the chair, flipped through the report, frowned and asked, "Eighty million Hong Kong dollars were laundered and seven million were frozen?" It was the end of the year.

Yin Zhao Cinemas were packed with seats, and the male stars Zhang Manyu, Qiu Shuzhen, and Jiang Liping became famous overnight. Even the guest appearances of Coco and Susu have once again sparked a sensation.
Because the Heung family and the Lei family, who run the 4D Dragon Bus Company, are old friends. Lei Juekun invested HK$100 million to reorganize New Arts City and win over the Golden Princess Cinema Line, trying to compete with Golden Harvest and Yin Zhao, without the Heung family behind him.

No one makes a living by lending at low interest rates, and no one relies on setting up scams, which is still professional. Before following Brother Dantard, the income dropped by two levels.

One month ago, time went back to 1984, the year when the fate of Hong Kong Island was decided.

Cantonese films are at their peak in the year, and if you don't have the capital to withdraw and play, you can take it seriously. What's more, the worse the quality of the film, the lower the box office, and the less money you can make.

Money laundering in the movies is a unique industry in Hong Kong Island, and it is a perfect match with the Macau gambling industry. In every movie of Xin Yicheng, there is no new record behind it to fuel the flames.

However, Yin Zhao's investment style tends to be conservative, and he no longer spends a lot of effort to cultivate new talents. Before retiring to Zhongyi Film Company, Xin Zhe was entering a new spring in his career.

Large-scale money laundering cannot be split into small transactions, and anti-money laundering teams will investigate them, but for small-scale money laundering, the currently popular channels include company acquisitions, stock speculation, securities trading, auction item trading, movie box office, record sales, low-end jewelry, and gambling money laundering.

In the same month, TVB, 91 Magazine, Wen Wei Po, Sing Tao Daily and other media all ended their promotion of "The Romantic Comedy". Posters were pasted all over the entrance of Yin Zhao Cinemas with the slogan "New Year's Family Fun, Welcome the Spring Festival". Two tickets for the figurines could also bring a big child.

"In the next two months, I will wash out tens of millions, and use seven million as tuition fees. Whether it is a loss or a profit, come quickly. In another two months, the first movie of Zhongyi Film will be released, and I can't make a small fortune."

Hong Kong's Organized Crime and Triad Bureau, Commercial Crime Bureau, HKMA, and ICAC do not have anti-money laundering duties. But their responsibilities are the same, they do not blame the Eight-Hedge Society for money laundering, corrupt officials for money laundering, or the banking industry for money laundering.

The means are unlimited, and the difficulty for the police to track down the criminals is greatly reduced.

There are more than 70 people in the team, of which more than a dozen are core members who are investment consultants of the foundation and have switched careers. The rest are internal hires, most of whom are gangsters who came from accounting offices.

This year, Xiang Ruo founded "Yongsheng Films" and officially entered the film industry to make money. In fact, he was also helping his family and earning some status. But in the 1940s, the popularity of Cantonese films could in turn make the company profitable.

He is the only director who can borrow Yin Zhao, and he can also borrow Yin Zhao's actors. The next month, Wang Jingtang personally initiated the project, invested one million yuan, and named Yin Zhao's new director "Shaw Brothers" to guide the filming of "The Romantic Comedy".

If the quality is still wrong, the laundering of 10 or 20 million is all due to the bad market reaction and the explosion of popularity. Money laundering still has costs, even if it is a small amount of funds, using movies to launder money will result in losses and even a small amount of money left.

Pre-sale tickets alone sold HK$700,000. On the first day of the Chinese New Year, "The Romance of the Condor Heroes" was officially released, and the box office on that day exceeded HK$700,000, breaking the first-day box office record in Hong Kong.

This is the first time that the concept of the Spring Festival period has been introduced into the film industry. Pre-sales will not start for a month, and tickets can be purchased by mail, theaters, telephone, etc.

Money laundering is the theft of national revenue and can also strengthen criminal organizations.

(End of this chapter)