Perfect Exchange

Perfect Exchange

Year: 1993

Runtime: 105 mins

Language: Cantonese

Director: Wong Jing

ActionMysteryRomanceThrillerComedy

Mindy Chan (Andy Lau) is a top gambler and swindler. His girlfriend Lily (Christy Chung) and friend Ah Chi deal cards in the casino where the crook Lau and his mistress Mona (Anita Lee) frequent. Senior prison guard Chor Hung (Tony Leung Ka-Fai) becomes involved when Mindy and Ah Chi con Lau out of millions but are caught. Lau offers Mindy a deal: infiltrate prison, rescue the kidnapped Ah Chi and locate the $3 billion in bonds hidden by Robinson (Kwan Hoi-San).

Warning: spoilers below!

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Timeline – Perfect Exchange (1993)

Trace every key event in Perfect Exchange (1993) with our detailed, chronological timeline. Perfect for unpacking nonlinear stories, spotting hidden connections, and understanding how each scene builds toward the film’s climax. Whether you're revisiting or decoding for the first time, this timeline gives you the full picture.

1

Casino poker win

Mandy Chin, aided by his girlfriend Lily and partner Gold Finger Chi, cheats at a poker game in Lau Yiu-cho's casino. The deception at the card tables secures him a HK$6 million win. Lau's men react with anger and plot retaliation that frames the rest of the story.

Lau's casino
2

Chase and explosion

Lau's henchmen ambush Mandy and Chi after the casino game. A dangerous car chase ensues as they attempt to escape, and Mandy's daring crash triggers a massive explosion. The escape demonstrates Mandy's willingness to risk everything.

City streets around Lau's casino
3

Disco bar confrontation

Mandy and Chi arrive at a disco bar where Chung Cho-hung tries to seduce Lily. After Mandy humiliates Chung, they fight off several of his subordinates and chase him through the club, finally cornering him in an elevator and beating him.

Disco bar
4

Home intrusion and hostage

Mandy and Chi return home to find Lau and Mona holding Lily hostage, while Pau, Lau's top henchman, breaks Chi's leg. The brutal confrontation escalates the personal stakes for Mandy. This assault cements Lau's willingness to use violence against those close to Mandy.

Mandy and Chi's home
5

Lau's prison blackmail

Lau forces Mandy to enter prison and interrogate his former subordinate, Robinson Shun, who stole HK$300 million in treasury bonds. He promises Mandy HK$10 million if the bonds are located within a month. The deal binds Mandy to a dangerous undercover mission behind bars.

Lau's residence
6

Harassment accusation and sentence

Lily reports Mandy for sexual harassment, but lack of evidence keeps the case from moving forward. In a desperate maneuver, Mandy throws his shoe at the judge, obtaining a one-month sentence for contempt of court and assault. The sentence drops him into the next phase of the plan.

Courtroom
7

Prison protection and danger

Inside prison, Mandy bribes inmates Kei, Big Eye Kwong, and Crazy Bill to protect him from threats. Dinosaur, Lau's henchman, tries to assault Robinson Shun in the shower, but Mandy stops him. Dinosaur later breaks Robinson's leg, heightening the peril for everyone.

Prison
8

Robinson's confession and Mandy's resolve

In the prison hospital, Robinson reveals Lau is his son-in-law who betrayed him and killed his daughter. Mandy experiences a moral shift, and Dinosaur warns that time is running out and Chi will be in danger if he delays. Robinson urges Mandy to take Lau down and promises to hand over the treasury bonds if he succeeds.

Prison hospital
9

Plan to recruit Chung

Knowing the bonds are hidden in Lau's villa, Mandy offers Chung HK$30 million to help him woo Mona. The risky alliance is meant to break into Lau's home and reveal the bonds. The plan hinges on manipulation and bold moves.

Prison
10

Escape to Lau's villa

Mandy disguises a prison escape by hiding in the car of a Catholic social worker and heads to Lau's villa to search for the bonds. Inside, Chung is with Mona in the bedroom, while Mandy discovers Chi's dead body on arrival. Lau catches Chung and has him arrested for home intrusion and indecent exposure.

Lau's villa
11

Night riot and prison break

That night, a riot erupts in the prison cafeteria after Robinson tackles Dinosaur. Mandy and Chung fight Pau and manage to escape from prison with Robinson amidst the confusion. Outside, they regroup and prepare for the next phase of their plan.

Prison cafeteria
12

Bonds revealed and confrontation

Robinson tells Chung that the treasury bonds are hidden in the pillow on Lau's wife's bed, the very pillow Chung had used. Chung reaches Lau's villa to confront Mandy and Robinson, knocking them out to seize the bonds. The scene is tense as loyalties collide and the plan teeters on failure.

Lau's villa
13

Climactic party confrontation

Chung arrives at the engagement party at Lau's villa and is confronted by Lau. Mandy arrives with a gun and shoots Lau, ending his grip on the operation. Lily's involvement helps lure Mona into danger, and Lau is eventually arrested.

Lau's villa
14

Ending: bonds secured and freedom

Robinson retrieves the hidden bonds from a lizard cage and the trio sneaks back into prison dressed as paramedics. Mandy is acquitted of the sexual harassment charge and hands Chung the HK$30 million check, redeemable in 1997. The bonds are deposited in a Swiss bank to generate interest, while Mandy plans to travel the world with Lily for four years.

Switzerland (Swiss bank)

Last Updated: October 09, 2025 at 10:50

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Clever outsiders enter dangerous prisons to execute a risky, masterful plan.If you liked the high-wire act of deception in Perfect Exchange, you'll enjoy these movies about master plans set inside prisons. These films feature clever protagonists, tense undercover missions, and explosive confrontations in a high-stakes carceral world.

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Movies are grouped here for their shared setting of a pressure-cooker prison and the narrative pattern of an undercover gambit. They deliver a specific blend of claustrophobic tension, cunning strategy, and explosive action that defines the subgenre.

Con Artist Caper Movies like Perfect Exchange

Master manipulators orchestrate elaborate schemes where wit is the ultimate weapon.Fans of Andy Lau's clever gambler in Perfect Exchange will love these stories of sophisticated swindles. Explore movies about master con artists, elaborate heists driven by deception, and thrilling plots where brains consistently outmatch brawn.

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Narrative Summary

The narrative pattern focuses on the setup and execution of a complex con or heist. The journey involves assembling a team, meticulous planning, and adapting to unforeseen complications, with a strong emphasis on the intellectual chess game between the protagonist and their formidable marks or rivals.

Why These Movies?

These movies are grouped by their central focus on a charismatic, cunning protagonist and the intellectual thrill of the con. They share a tone that is energetic, suspenseful, and celebratory of cleverness, even when the stakes are life-and-death.

Unlock the Full Story of Perfect Exchange

Don't stop at just watching — explore Perfect Exchange in full detail. From the complete plot summary and scene-by-scene timeline to character breakdowns, thematic analysis, and a deep dive into the ending — every page helps you truly understand what Perfect Exchange is all about. Plus, discover what's next after the movie.

Perfect Exchange Summary

Read a complete plot summary of Perfect Exchange, including all key story points, character arcs, and turning points. This in-depth recap is ideal for understanding the narrative structure or reviewing what happened in the movie.

Perfect Exchange Summary

Characters, Settings & Themes in Perfect Exchange

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Characters, Settings & Themes in Perfect Exchange

Perfect Exchange Spoiler-Free Summary

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Perfect Exchange Spoiler-Free Summary

More About Perfect Exchange

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