Chapter 917: Hidden deeply without revealing the moneybags (1/2)
Han Yunxi and Kangan Private Bank came to the following agreement: any guests who participated in auctions at Myriad Merchant Hall would be allowed to take out loans from the bank once the auction was successful. Payment would be made to Myriad Merchant Hall, while the interest rates of the loan from Kangan Private Bank would be 10％ cheaper than the normal rate.
The truth was that plenty of people who bought expensive items at auction halls didn’t necessarily have any use for them or even liked them; their ultimate goal was to resell the objects. Once they got the goods, they might resell them again within a month, or store it to sell it off a year later! People who did such business wouldn’t just buy one type of item. Many of them bought various things in the course of one night. A majority of them would run into cash shortages and take out loans based on calculated interest rates. Even if they had to borrow money, they could still make a profit afterwards with the resale.
Han Yunxi’s method was tailored for these very type of customers! As long as they participated in Myriad Merchant Hall’s auctions, they could get lower than average interest rates courtesy of Kangan Private Bank. Who wouldn’t be excited? It meant that they’d earn 10% more when reselling.
What was the concept of 10%?
It meant that if an item cost 10 million, then they could back 1,000,000. Even without extra explanation, everyone present knew these were very tempting terms! With the force of Kangan Private Bank behind them, as long as Myriad Merchant Hall issued some policies to promise payback for all customers who’d bought faked goods, many of their customers would return again of their own accord. Once they did, business would slowly resume at the auction halls. Moreover, if they held themselves to strict standards for the next couple of months and didn’t have any more cases of fake goods, their business would be even better than before. Perhaps they could even steal customers from Golden Wing and East Origin Hall in the end.
“Princess, why did Kangan Private Bank gave us such a discount in favor of the customers?” Uncle Cheng’s doubts echoed that of everyone else’s thoughts.
Just what was Han Yunxi’s relationship with Kangan Private Bank? How could she gain such an advantage?
But Han Yunxi only replied, “There was no discount. We have a secret agreement. While Kangan Private Bank gives our customers a 10% discount on interest rates, Myriad Merchant Hall will compensate them with 13% back. In truth, they’re earning 3% more than normal with this deal.”
Uncle Cheng grew anxious. “Princess, then in the end we’re the ones suffering losses! A full 13%! That’s just giving a clear advantage to our customers. This...what’s so good about that?!”
Han Yunxi smiled coldly. “Fine then. Go post a public announcement now and say that any auctions held at Myriad Merchant Hall will give its customers a 13% discount on the interest rates. See who’s willing to come! Who do you think will believe you?”
Uncle Cheng was left speechless, while the elders exchanged looks in equal silence.
“Why does Kangan Private Bank get to earn more? Because they’re trustworthy, so the customers prefer to believe in them. Uncle Cheng, the fact that Kangan Private Bank is willing to cooperate with us at all means they’re sharing a portion of their trustworthiness with us! Do you think that’s only worth an extra 3%?” Han Yunxi asked.
When Uncle Cheng didn’t speak, she added, “Our 13% loss doesn’t really count as a loss. At most, we’ll just earn less than before! Isn’t anything sold at the auction halls a multiple of its original price and worth? Moreover, the customers won’t necessarily borrow the full value of the auction prices for their purchases. We won’t be collecting losses on every item.”
Uncle Cheng continued to remain silent until Han Yunxi shot him a cold look. “Uncle Cheng, do you even know how to do basic accounting?”
Uncle Cheng’s head was bowed low. He didn’t dare to offer a single retort and hated himself for being so impulsive. The various elders looked at Han Yunxi and only felt full admiration in their hearts! All of them were getting on in years, but this was the first time they’d met such a powerful woman. She could even fool around with business like this!
Han Yunxi was right. Although the whole process had gone around in a circle, in the end the auction hall hadn’t suffered any losses at all. At most, they’d just earn 13% less than before. Under the current circumstances, even a temporary loss would be acceptable to win back their business again, much less a simple 13% reduction in profits.
This woman is too intelligent. No wonder Kangan’s Manager Luo agreed to work with her. Head Elder silently vowed to give Han Yunxi the command token for the Council of Elders if they succeeded. He believed that Han Yunxi had enough ability to lead Myriad Merchant Hall back to the leadership position at Three-Way Black Market!
“Princess is wise and brilliant, the Council of Elders will support you completely!” Head Elder said seriously. The other four elders all stepped forward and made respectful bows to express their loyalty.
No matter how reluctant Uncle Cheng felt, he had to do the same. Once again, he couldn’t help but sigh. If this woman wasn’t tangled up with Long Feiye, how great would it be! If she could be together with Master Ning instead, then he’d stake his old life on the line to perform his duties, ah!
Thoughts of Master Ning turned Uncle Cheng’s red with tears. He had already sent men to search everywhere--even Northern Li--but there was still no sign of him. Meanwhile, Han Yunxi finished discussing a few more details with the elders before they scattered at night. She knew Long Feiye was coming, so she went for a quick visit to Ning Jing first.
When Ning Jing learned that Long Feiye was the true backer behind Kangan Private Bank, she was so stunned she grew nauseous. Even the bold and strong-minded Ning Jing had to admit that the Di Clan was really no match for the man.
If Ning Cheng knew this, how would he feel?
Han Yunxi hadn’t mentioned Tang Li for days, but now Ning Jing brought him up. “What are the elders planning to do with Tang Li?”
Distress flashed briefly through Han Yunxi’s eyes before she smiled. “You’re certainly worried for him.”
Ning Jing rolled her eyes at her.
Han Yunxi stopped joking and said, “They’re busy enough dealing with the auction halls and gambling houses. Why would they bother with Tang Li now!”
Ning Jing remained silent for a long time before she spoke again, “Han Yunxi, the head elder will definitely give you the command token. As long as you can control Myriad Merchant Hall, the trade consortium and the army will all listen to you. You’ll be able to see Long Feiye very soon.”
Han Yunxi didn’t know what to say. She saw Long Feiye everyday! Not only that, but he tormented her everyday too, alright?! She knew what Ning Jing meant though. As long as she controlled Myriad Merchant Hall, she could cooperate publicly with Long Feiye and use the names of East and West Qin to unite against Bai Yanqing.
“Han Yunxi, I’d like to ask you a favor,” Ning Jing said.
“I agree!” Han Yunxi said without hesitation.
Ning Jing was at a loss. “You know what I’m going to say?”
“You want me to let Tang Li go, right?” Han Yunxi grinned.
Ning Jing didn’t hide it and admitted outright. “Han Yunxi, when you leave Myriad Merchant Hall, please release Tang Li!”