Chapter 484: Standard Chartered's Profit Point
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Li Mingbao's words almost didn't make Teris angry. Pen, fun, pavilion www. biquge。 info hard work, Nima has so much money can also be said to be hard work, and it is thanks to you Li Mingbao to be able to open such a mouth, there is such a big income in the world, and it is the first time that Teris has heard it, even in wartime, there is no such exaggerated hard work.
But Li Mingbao has set this tone, what else can Teres say, hard work is hard work, now they are standard chartered fish and meat, and they really can't do anything Li Mingbao. But it is also impossible for Standard Chartered to fully accept Li Mingbao's conditions. Even if it is not for the sake of Standard Chartered's face, it is not easy to lose so much at once. Although there is a subsidy from the government, how much money does the British government in Hong Kong have, and don't you know that Standard Chartered, which issues Hong Kong dollars? Therefore, it is not easy to make up for the loss of this piece.
"Mr. Li, regarding your request, we at Standard Chartered Bank agree in principle. But this thing is too big, only I am a director, I can't be the master at all, after all, so much money, for our Standard Chartered, is not a small amount, now there is no specific price, it has been made clear that it is going to lose money, if there is any fluctuation in the specific price, for us Standard Chartered, it will be really fatal.
So this matter, we need to consider Standard Chartered, and at the same time, the British government in Hong Kong also needs to consider it. After all, we can only be regarded as a person in charge of this matter, and the British government in Hong Kong can play a decisive role, if they don't agree, even if we talk well, it will be useless, if they agree, then it doesn't matter how we talk about it. On this point, I hope you can understand this, Mr. Li. Teres spoke.
"Yes, of course I understand, after all, this money, although it is now out of your Standard Chartered Bank, but in the end, it is to be paid by the British government in Hong Kong. I know your difficulties as handlers. In fact, we have the same interests in a certain aspect, for example, in this money, we can actually stand in the same camp. It depends on how you deal with Standard Chartered. After Li Mingbao heard Tris's words, he said meaningfully.
As a veteran banker, Terese immediately understood the meaning of Li Mingbao's words, so his eyes lit up, and then he said very understandingly: "Of course, I think we also have a basis for cooperation, after all, our Standard Chartered Bank is only a bank that issues money, not a bank that manages taxes, and I will discuss Mr. Li's proposal with other shareholders in the bank, so let's talk about it today, and I will gather other shareholders to discuss this matter in detail." ”
Seeing that Terese understood what he meant, Li Mingbao didn't bother to speak, and took his secretary out of Standard Chartered Bank. As for what Terese wants to discuss with the other shareholders in Standard Chartered Bank, Li Mingbao can't control it, but he can roughly guess something.
In essence, after Li Mingbao said that sentence, there was a real exchange of interests between Li Mingbao and Standard Chartered Bank. Don't look at the words between Li Mingbao and Teres just now as if they are incompatible, but in fact, the conflict of interest between them does not exist. The reason why Terese is so uncooperative is that Li Mingbao's money does not have any benefit to their Standard Chartered Bank, so Standard Chartered Bank is too lazy to help Li Mingbao do anything. But after Li Mingbao's words, Standard Chartered Bank has practical benefits in this matter, so Teres said that.
To put it simply, Standard Chartered Bank does have the right to issue Hong Kong dollars, but this right of issuance does not mean that Standard Chartered Bank can print Hong Kong dollars at any time, and as much as you want, you can print as much as you want, but it depends on how much the Hong Kong government allows Standard Chartered Bank to print, how much they can print, and some extra Hong Kong dollars are the profits made by Standard Chartered Bank. Standard Chartered Bank doesn't want to take this power into its own hands, there are so many banks in the UK, why should the British government in Hong Kong give them such power?
The most basic thing is that the Hong Kong government's tax revenue in Hong Kong is the most important factor in maintaining the value of the Hong Kong dollar.
Although the country's discipline in the world is not very good, since the gold standard system has withdrawn from the global market, the festival of banknotes has been reduced to a minimum, and the credit monetary system has become the mainstream. And such a system, compared with the original silver standard, and the gold standard, is much more fragile, so now many weak countries, their national monetary credit system, many times rely on foreign exchange or some valuable materials to calculate. The Hong Kong government prints money by relying on taxes and some other revenues to determine how much Hong Kong dollars are issued each year.
To maintain the monetary stability of the Hong Kong dollar, although it is done by relying on professional financial institutions such as Standard Chartered Bank, in essence, it is the Hong Kong government's own business, Standard Chartered Bank to put it bluntly, the action on the exchange rate of the Hong Kong dollar is actually the position of a thug, so the rise and fall of the Hong Kong dollar, and their interests, is not as big as imagined, and the biggest impact is the Hong Kong British government.
Li Mingbao talked with Teres before, and did not talk about what benefits Standard Chartered Bank can get after this thing is done, although in the process of handling it, Standard Chartered Bank can get a good return, but this return, Standard Chartered Bank is not very interested, and after Li Mingbao said that, it means that Standard Chartered Bank can share some benefits in this matter, to put it bluntly, it is a rebate. And rebates are naturally more profitable than normal earnings, so Teris is looking forward to it. And Teres said that their Standard Chartered Bank only issued currency, not sorted out taxes, which means that he understands what Li Mingbao meant, anyway, what is lost in the end is not their Standard Chartered Bank's money, whether it was before or now, Standard Chartered Bank will not have any loss on this, just a matter of rate of return. Regardless of taxes, Standard Chartered doesn't care whether the Hong Kong dollar rises or falls.
The next day, Li Mingbao appeared in front of Teris on time, and this time, Li Mingbao also did not see other Standard Chartered Bank shareholders. This is not to say that Standard Chartered Bank does not attach importance to Li Mingbao as a customer, in Li Mingbao's inference, it should be that Teris does not like to let other shareholders contact him Li Mingbao, anyway, they have already discussed what should be discussed, and it does not make much sense to have one more person to come, but it will allow Li Mingbao to contact more people inside Standard Chartered Bank, which is not good for Terex, everyone knows that it is good to eat alone, and there are many factions within Standard Chartered Bank, Li Mingbao is a customer of Standard Chartered Bank, Terres receives Li Mingbao alone, and the benefits that can be obtained are the greatest, and if there is one more person, you can't eat alone. So at this time, Li Mingbao only saw Teris alone.
Li Mingbao didn't have the heart to inquire about the internal affairs of Standard Chartered Bank, anyway, he had no intention of entering Standard Chartered, and Li Mingbao didn't care about the internal situation of Standard Chartered Bank. Besides, even if Li Mingbao wants to enter Standard Chartered Bank, Standard Chartered Bank may not have the power to allow him to enter, after all, Standard Chartered Bank is a bank with the power to issue Hong Kong dollars, which is fundamentally different from other banks in Hong Kong, and the British government in Hong Kong will never allow a Hong Kong person to enter this system.
"What about your Standard Chartered bank? Will I be allowed to enter, or will I not be allowed to enter? Talking to these foreigners, Li Mingbao asked very directly and quite clearly about the main purpose of coming today.
"Permission is definitely allowed, but we always have to discuss the quantity, the exchange rate, and the interests of our Standard Chartered Bank, right? As for the British government in Hong Kong, it also agreed in principle with the information given to them by Standard Chartered Bank, so the British government in Hong Kong is not a problem, the key lies in the first three points, as long as the first three points can be successfully negotiated, then other things are trivial and do not affect our cooperation. Teris said.
"Quantitatively, I mean the guest is as good as the host. My cap is $500 million. Exceeding this upper limit is also a very troublesome figure for me, and similarly, I don't think that the Hong Kong government can accommodate 500 million US dollars, after all, the stability of the Hong Kong dollar value, how much money is needed, everyone knows in their hearts, the Hong Kong dollar has not collapsed, but some recent things have made the value of the Hong Kong dollar fluctuate greatly, and in fact it has not affected the foundation, and I am afraid that the British government in Hong Kong will not allow the behavior that affects the foundation. The upper limit is 500 million, but the bottom line is at least 300 million, which is more than half of my total capital. It depends on how you choose Standard Chartered Bank. Li Mingbao said.
"The upper limit is 500 million, the bottom line is 300 million, to be honest, Mr. Li, your heart is very big, so much money is over, you are not afraid that the Hong Kong government will play tricks with you? If you get a stable exchange rate that is higher than the current black market exchange rate, Mr. Li, you will not only not make a penny, but you will also lose a lot, won't the risk be too great? At this time, Teris said suddenly.
Hearing Terees's words, Li Mingbao said without moving: "If the Hong Kong government really wants to swallow my hundreds of millions of dollars, it will set such an exchange rate for the Hong Kong dollar, and the biggest loss will not be me, but the Hong Kong government, I don't believe that the Hong Kong government will do such a lose-lose thing." ”
"How can it be a lose-lose situation? After you withdraw the money, the Hong Kong government will adjust the exchange rate back, can it achieve the goal differently? Teris smiled, Li Mingbao's idea, in finance, is a little naïve.
"I don't think the Hong Kong government will do this, the main purpose of the Hong Kong government this time is to stabilize the exchange rate, not to arbitrage money, although my money is good, but it is not so easy to eat. As I said before, my money is only some of the company's liquidity, even if it is withdrawn, it will not affect the normal operation of my company, and now it is almost the end of the year, and after the New Year, I will have more liquidity in my hands, and I will have a lot of funds on the authorization alone, so this money is temporarily set on the exchange rate of Hong Kong dollars, which does not have a big impact on me. To put it bluntly, this money is a spare amount of money for me, and if I put it there for a few years, it will not affect my actual interests. So, Mr. Terres, you should understand, right? Li Mingbao said with a smile.
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