Returning wealthy individuals develop their hometowns and become rich in the 1980s

Chapter 674 You Singaporeans Have Said All the Good and Bad Stories

"Governor Mi Lianmi of the People's Bank of China will be coming over in a bit."

Li Guangdong, who was just annoyed by being interrupted by Chen Dong, was immediately stunned after hearing Chen Dong's words. The smile in the corner of his eye faded, replaced by a cautious expression.

"Governor Michael of the People's Bank of China," Li Guangdong slowly leaned back slightly, as if startled by Chen Dong's sudden mention of the name, "Mr. Chen, you didn't mention before that there would be a third party at today's meeting."

"Mr. Li, what you want to talk to me about are financial clearing, exchange rate settlement, and capital flow. These are not just matters between our two families," Chen Dong raised his eyes and placed his teacup on the coffee table in front of him. "I, Chen Zaidong, am a businessman. I can make the decisions regarding Tuocheng International Bank."

"But when it comes to offshore financial business in Tuocheng, the central bank is the regulatory body, and there must be someone from Huaxia Bank present. You can represent Singapore Bank, but I can't represent the People's Bank of China. Governor Mi's presence is good for both of us."

Li Guangdong fell silent. Of course, he understood why Chen Dong wanted to invite Mi Lian, the governor of the People's Bank of China, over. Li Guangdong just wanted to make contact with Chen Dong in a private capacity, but Chen Dong was not stupid and would not discuss national-level financial business with him in his capacity as an overseas Chinese businessman.

Inviting people from the central bank was both to give himself a legitimate position and to silence any future criticism.

"I understand," Li Guangdong maintained a smile, displaying his good manners, as if he didn't care about Chen Dong's sudden arrangement. "Mr. Chen has indeed thought things through. With President Mi here, many things are easier to discuss."

I also wanted to ask Governor Mi in person about the next steps in opening up the Turkmenistan offshore financial center, and what the People's Bank of China's specific regulations are.

As soon as he finished speaking, footsteps echoed in the corridor. They were not heavy but steady, with a distinct rhythm. Li Guangdong heard his secretary talking quietly to the person who came in at the door, and then the door was pushed open from the outside.

A middle-aged man in his fifties walked in. His hair was neatly combed, and he had the gentle smile typical of civil servants on his face, but his eyes were exceptionally sharp and piercing.

"President Mi, you've arrived," Chen Dong and Chen Zaisheng stood up at the same time, and Li Guangdong also stood up, with a polite smile on his face.

Mi Lian first shook hands with Chen Dong, then smiled at Chen Zaisheng. The two nodded to each other in greeting, and finally looked at Li Guangdong, "This must be Minister Li Guangdong from Singapore, right?"

"Hello, President Mi, I am Li Guangdong." Li Guangdong extended his hand, and the two shook hands. Mi Lian's grip was very strong, which made Li Guangdong's heart tighten slightly.

The unique assertiveness that Mi Lian displayed upon entering the room told Li Guangdong that this man was not just a nice guy with ears; this Bank Manager Mi had come with ill intentions.

"Please sit down, sit down and let's talk," Mi Lian sat down on the sofa next to the main seat, glanced at the tea set on the coffee table, and smiled, "It seems that Zai Dong and Zai Sheng have been here for quite a while, you've already had your tea."

"It hasn't been long, this is only the second brew. President Mi, you've arrived just in time for the most mellow third brew," Chen Dong said, gesturing for Li Guangdong to quickly brew a cup for President Mi.

Mi Lian is from Shaanxi Province. To be honest, he wasn't used to drinking the oolong tea from Tuocheng, especially when he was socializing with some local officials. If you didn't tell him it was tea, he would think it was soy sauce or dark soy sauce.

But after spending half a year in Tuocheng, especially during the plum rain season when spring returned, the damp heat made Mi Lian, an old Qin man who was used to the dry climate of the north, realize for the first time how uncomfortable constipation was. After being advised by experts from Nanshan District People's Hospital that drinking more tea could clear heat, detoxify, and remove dampness, he gradually came to like Gongfu tea.

"Then I'm in luck, hehe," Mi Lian said with a smile, picking up the tea that Li Guangdong had just brewed and taking small sips. It was very hot, but it was indeed refreshing and thirst-quenching.

Milian calmly finished his tea, then put down the cup and looked at Li Guangdong, asking, "Minister Li, what brings you here today?"

"Indeed, I have something to discuss with the three of you," Li Guangdong said immediately when Mi Lian took the initiative to bring up the topic. "Over the past eight months, the operation of the Tuocheng Offshore Exchange Center has caused some great controversy in the international financial community. Our financial regulators in Singapore have noticed that a large amount of funds of unknown origin have entered the international clearing system through Tuocheng channels."

Li Guangdong immediately accused Tuocheng of something fabricated in his opening remarks, trying to gain the upper hand. However, Mi Lian, the central bank governor, was no pushover, and he looked at Li Guangdong with a smile.

"Minister Li," Milian said in a low, slow, and steady voice, "you said 'unknown source.' Is it because you can't find out, or is it simply a fabrication?"

As he spoke, Mi Lian pointed to the briefcase at his feet, "Every transaction in and out of our Tuocheng financial transactions is meticulously recorded. Minister Li, you might as well explain the source of that unclear fund more clearly."

"Ahem!" Li Guangdong coughed twice. "President Mi, I'm not here today to reconcile accounts with you."


"Mr. Chen, I won't beat around the bush. In the past six months, the Singapore Financial Services Authority has detected at least two billion US dollars of Southeast Asian trade settlement funds shifting from traditional Singapore channels to Turkmenistan," Li Guangxiong said with a serious expression.

"At the same time, your Hongmen's Ta Kung Foundation has acquired more than 5% of the circulating shares of seven listed companies in Singapore in the past four months. Mr. Chen, I know that the Hongmen's fund transfers are all handled by you," Li Guangxiong said, his eyes narrowing. "We respect the market's choice, but these operations have gone beyond the scope of 'business competition'."

"The Singapore government has reason to suspect that Tuocheng and the Hung Society are systematically undermining the foundation of Singapore's financial system. Therefore, we reserve the right to appeal to international financial regulatory agencies!"

Chen Dong was so angry he laughed. Even Mi Lian, who was standing next to him, lost his gentle smile. Chen Dong said with a laugh, "Minister Li, you graduated from the Department of Economics at the University of Malaya in 1965 and have worked at the Singapore Monetary Authority for almost fifteen years. Don't you find it funny when you say the words 'systemic turmoil'?"

"I think you know better than I how your Asian dollar settlement market came about. When you were grabbing market share from Hong Kong's Winterland, why didn't you say 'systemic disruption' back then?"

"Now it's others' turn to take a bite out of your cake, and they're talking about 'systemic instability.' Minister Lee, you Singaporean officials are saying all the right and wrong things."

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