A blundering Hong Kong police inspector, Ma Yu Long, goes under cover to investigate a high-class businessman, Teng Kuo Chiao, who was bribing city planning officer Ma Yu Yu to build roads to suit his needs and is suspected to be liable in Yu's death. In the meantime, Long courts Yu's high school sweetheart, Julia, who wants the inspector to cheat Chiao out of some money as part of the revenge deal.

The Biu Family collects their lottery winnings in Canada and returns to Hong Kong to start a new life together, minus the second daughter due to a family quarrel of her involvement with her boyfriend. After Mrs. Biu shows off her money to her old friends at her bank, she loses it all in a robbery. Now, void of their new found wealth, the Biu Family must start over from scratch again.

Ching-yan lives with his young protege Tim and an inventor referred to only as The Doctor. One day they decide to embark on a quest to the Snowy Mountain in hopes of finding a special block of ice that is said to contain the life essence of immortality. The evil Devil King also wants the ice, but Ching-yan thinks that it contains the secret to meeting a woman who appears in his dreams and attempts to keep it for himself.