The Tribulations of a Chinaman in China

Kin-Fo is an extremely wealthy man who certainly does not lack material possessions. However, he is terribly bored and when news reaches him about his major investment abroad, a bank in the United States, going bankrupt, Kin-Fo decides to die. He signs up for a $200,000 life insurance covering all kinds of accidents, death in war, and even suicide; the philosopher Wang (Kin-Fo's old mentor) and Kin-Fo's fiancée are to be the beneficiaries. He rejects seppuku and hanging as means of dying, and is about to take opium laced with poison when he decides that he doesn't want to die without having ever felt a thrill in his life. Kin-Fo hires Wang (actually a former warrior of the Taiping Rebellion) to murder him before the life insurance expires.

After a while news reaches Kin-Fo that the American bank he had invested in was not bankrupt, but instead had pulled off a stock market trick and is now wealthier than ever. Unfortunately, Wang has already disappeared. Together with two bodyguards assigned by the insurance company, and his loyal but lazy and incompetent servant Soun, Kin-Fo travels around the country in an effort to run away from Wang and the humiliation from the affair.

One day he receives a message from Wang, stating that he can't stand the pain of having to kill one of his friends, and instead decided to take his own life while giving the task of killing Kin-Fo to a bandit he once knew. Kin-Fo, Soun and the two bodyguards now try to get to the bandit, planning to offer money in return for his life. The ship they travel with is hijacked, and they are forced to use their life vests with built-in sails to return to land.

After being kidnapped by the bandit they were looking for, they are blindfolded and returned to Kin-Fo's home, where his old friends (including Wang, who we now find out staged this entire history to teach him a lesson about how valuable life is) are waiting for him. He marries his young, beautiful fiancée after all and they live happily forever after.