Since then, Mike Rees has witnessed that anyone who disobeys the chairman will be kicked out of Standard Chartered Bank, and many executives of Temasek Holdings have been prosecuted for violating the law!

The shareholders who did not vote for him at the shareholders' meeting also suffered, and their influence in Standard Chartered Bank was all purged! At that time, Meyer Rees was also familiar with European business, plus he had good ability and very old staff, so Chen Hui let him go, and he knew this very well in his heart.

The secretaries brought tea to the two of them, and at this time, seeing that Chen Hui didn't speak, just looked at him with a smile, Mike Reese opened his mouth and said with a smile: "Chairman, this tea is very delicious, it's just some soup, I think I must have drunk it too quickly."

At this moment, he was a little nervous in his heart, and he couldn't guess the chairman's intentions, and the chairman's aura was too strong, so he didn't adapt very much, as if he had returned to the moment when he was on the board of directors of Standard Chartered Bank before.

Chen Hui said, "Mike, it seems that you have been having a good time in London recently, and you are drinking tea all day long?"

Mike smiled awkwardly and said, "Chairman, you suddenly summoned me back, don't you want to give me a few packets of good tea?", it is true that he is easy in London, because Standard Chartered Bank has very little business in Europe.

This time the chairman suddenly summoned him back, he also guessed in his heart that the chairman intended to reuse him, but he was not sure, in case he was directly demoted, he has been working in Standard Chartered Bank for more than 20 years, with the growth of Standard Chartered Bank, but also witnessed the history of Standard Chartered Bank, he really does not want to leave Standard Chartered Bank, originally Standard Chartered Bank before the high-level purge, he belongs to the former CEO Xi Bad's faction, so now his position is very embarrassing.

"Mike, I need you to go to Portugal and talk to CGD insiders to see if you can buy a stake in their Banco Nacional Ultramarino!

Banco Nacional Ultramarino S.A. was founded in 1864 in Lisbon, Portugal. In 1988, Crédit d'Étavo de l'Avo de Portugal (CGD) became a major shareholder in Banco Nacional Ultramarino S.A., Portugal's largest state-owned financial services group.

In 2001, Banco Nacional Nacional S.A. and Crédit de Portugal merged with Banco d'Azavo. According to the merger plan, the Macau branch of Banco Nacional Ultramarino S.A. was converted into a wholly-owned subsidiary of Crédit de Portugal on 1 July 2001 and registered as a local bank in Macau.

Mike Rees took a deep breath, and although the chairman's tone was very calm, he could hear that the chairman had the attitude of buying the Banco Nacional Ultramarino! He said secretly: 'Chairman, his appetite is really great, what does he want to do? Is he really eyeing the bank's banknote issuing power in Macau?"

The Pataca has been the legal tender of Macau for more than a century. As early as 1905, the Macau government granted Banco Nacional Ultramarino the exclusive right to issue pataca banknotes.

At present, Australian dollar banknotes are issued by the Monetary Authority of Macao, with Banco Nacional Ultramarino and Banco Mansions Macau Branch, while coins are issued by the Monetary Authority of Macao.

On 16 October 1995, the Macau Government renewed the contract with Banco Nacional Ultramarino and appointed Banco da Nacional de l'Aspirant (Macau Branch) as the second note-issuing bank.

Banco Nacional Nacional Ultramarino is still very important for Portugal, and Crédit de l'Aprico de Portugal is a wholly state-owned bank, and it is very difficult for them to sell Banco Nacional Nacional to Standard Chartered.

Immediately Mike Rees said, "Chairman, it's almost impossible for them to sell it to us!"

"You have been in Europe for so long, and you know a lot of people, I want the equity of the Bank of the Atlantic, do you have a way for their insiders to sell the shares of the Bank of the Atlantino to the Standard Chartered Bank secretly? I will not give them less in private!" Looking at Mike Reese's shocked expression, Chen Hui stretched out his finger and said, "I can give them this amount in private!"

Hong Kong and Macao adopt a currency board system, which is different from the central bank system.

The linked exchange rate system currently implemented in Hong Kong is known as the Currency Board system. This system differs from the more familiar Peggedrate system in that it does not require frequent central bank intervention in the foreign exchange market to keep the exchange rate within a predetermined level.

Under the Currency Board system, the Monetary Base (which is the sum of the total amount of Hong Kong dollar banknotes issued and the Hong Kong dollar settlement accounts opened by banks with the HKMA) needs to be fully backed by the US dollar at a fixed exchange rate. The note-issuing banks in Hong Kong are required to issue banknotes of the same value (i.e. HK$7.8 to US$1) to the Foreign Exchange Reserve Fund in exchange for a Certificate of Indebtedness before they can issue banknotes of that denomination to support their full reserves.

When the HKMA passively buys or sells Hong Kong dollars from banks, the HKMA's US dollar reserves will increase or decrease accordingly, and the Hong Kong dollar monetary base will change accordingly. The expansion or contraction of the monetary base will lead to a fall or rise in interest rates, which means that the monetary position will automatically adjust in response to the inflow or outflow of funds, so that the exchange rate will remain stable throughout the process. This is an automatic adjustment process and the HKMA does not need to make any decision at its discretion.

The first banknotes were issued by Crédit Agricole CIB in 1845, and in 1857 the Hong Kong government approved the use of banknotes, and the banknotes began to circulate. After 1945, the currency in circulation in Hong Kong was issued by HSBC, Standard Chartered and Lee Bank. In 1954, the bank was acquired by HSBC, and the Hong Kong dollar was issued by HSBC and Standard Chartered Bank, and coins under $5 were issued by the government. On 1 May 1994, the Hong Kong Branch of the Mansion Bank officially and legally issued Hong Kong dollars in Hong Kong, becoming the first Chinese bank to issue notes in Hong Kong. But after all these years, it is still Standard Chartered Bank, and HSBC has issued a lot of banknotes, among which HSBC is the largest, because HSBC has the most funds, and it has the most US dollars.

Therefore, when issuing banknotes, HSBC will hand over the equivalent value (i.e. HK$7.8 to US$1) to the Foreign Exchange Reserve Fund, and in exchange for the Certificate of Indebtedness, HSBC will issue more banknotes of that denomination.

At present, Standard Chartered Bank also has a certain amount of banknote issuance power in Xiangjiang, but it is far less than HSBC.

Now the ambitious Chen Hui naturally wants to buy the Bank of the Ultramarino and also has the power to issue a certain amount of Australian dollars. It would certainly be difficult to follow the usual path, unless the Portuguese bank de lébos de l'Étaco de l'Étaco de l'étaté de l'étale (Crédité de

So you have to use some special ways, Chen Hui doesn't mind paying more money in private.