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Chapter 178 Central Parity of RMB

On Tuesday, May 31, there was little fluctuation in the foreign exchange market, and the stock market was also volatile, almost ending flat.

On Wednesday and Thursday, the stock market continued to rise slightly, but the money in Lei Hao's hand was withdrawn into his account and went through complicated procedures to connect to the foreign exchange market.

Although they were puzzled by Lei Hao's decision, Qin Yu, Luo Ziyang and others could be considered as trying their best to get the matter done. They completed the procedural matters in three days, which was extremely efficient.

China has very strict exchange rate controls and has no intention of relaxing restrictions on foreign exchange transactions. Therefore, ordinary people almost always sign contracts with foreign exchange trading platforms when buying and selling foreign exchange. Generally speaking, choosing black platforms is because they do not understand.

Formal foreign exchange trading platforms are supervised by FCA, NFA, FSA and other agencies, and adopt account separation to minimize the impact on customer funds even if the platform goes bankrupt.

The internationally popular foreign exchange transaction is called foreign exchange margin trading. Most platforms do not charge handling fees. They are market makers and make profits by relying on spreads, which is the MM model.

The meaning of the spread is very simple. For example, if the pound is against the US dollar, it is calculated as 1.3000 when the customer sells, and 1.3005 when the customer buys. Then 0.0005 is the spread, which is the money earned by the platform.

Moreover, the platform does not match transactions between customers, but directly quotes prices to buyers and sellers, and the objects that customers buy and sell are all on the platform.

Lei Hao has a large amount of funds, so he chose an ECN model platform, that is to say, a handling fee is paid, but the spread is extremely small. The broker does not bet against the client like a market maker, but relies on handling fees to support itself. There is almost no risk to the client's funds themselves.

The hour hand slowly slipped through two circles, and June 2 passed quietly. Until 6:30 in the morning of Friday the 3rd, the lights in Lei Hao's office were always on, and there were always people in the trading room.

Early in the morning, Qiu Yuting walked into the office and looked at Lei Hao who was curled up on the sofa sleeping. She put her things away, stretched out her hand and pinched her boyfriend's nose, and said with a bit of playfulness: "Wake up. "

"Yeah." He didn't go to bed until 3 o'clock last night after looking through the documents. The lounge was occupied by Qiu Yuting again. Lei Hao could only sleep on the sofa. He was very tired.

"I don't think you can afford it." Qiu Yuting pinched Lei Hao's nose and held on.

After get off work in the past few days, Qiu Yuting always came over to read documents with Lei Hao. The relationship between the two gradually became closer, and some small actions were already done with ease.

"I can breathe through my mouth." Lei Hao opened his eyes and joked, sat up straight and took a few deep breaths to send more oxygen to his dizzy brain.

"what time is it?"

"At 6:30, you should brush your teeth and wash your face quickly. We have a meeting at 7 o'clock."

"Oh, are they all here?"

"It should be time to hear this sound."

Lei Hao stood up, stretched, took the toiletries, walked into the bathroom, finished everything in less than ten minutes, and returned to the office again.

"It's time to eat. Here, your rice rolls, porridge and steamed buns will make you fat." Qiu Yuting looked at the breakfast for three people prepared for Lei Hao, and then saw that she could only drink a small bowl of porridge to stay in shape. , feeling very unbalanced.

"It's normal for men to eat more, but I haven't played sports for a long time. Maybe I will become fat in the future." Lei Hao walked over, looked at the tall Qiu Yuting, reached out to take the chopsticks, and touched her fingers. Finally, he opened his hand and held it.

"What are you doing?" Qiu Yuting rolled her eyes at Lei Hao, pressed the latter button, and pointed to several breakfasts on the coffee table. The meaning was self-explanatory.

"Thank you." Lei Hao looked at Qiu Yuting and felt warm in his heart. The stock market was doing well. He had withdrawn funds. In the eyes of others, it was a temporary loss. If the next transaction did not achieve results, the voice of doubt would be even louder.

Qiu Yuting, who always gave the impression of being very strong, played the role of a little woman this time. She did not refute what others said, but just came over to accompany Lei Hao after work every day, reading documents together, analyzing the market, and taking responsibility at the same time. Communicate with organizational departments and trusts.

Lei Hao was moved that a woman who had always been very rational gave up her rational choice for him. From a biological point of view, this woman's brain secreted too much dopamine, causing emotional turmoil.

"I'm not used to it, you should be like this," Qiu Yuting blinked, followed Lei Hao's previous posture, opened her eyes wide, waved her hand, and said: "I don't care, I just want to speculate in foreign exchange, you all just do it I shut up!"

Lei Hao's head was full of black lines, and suddenly the goddess turned into a woman, which was a bit subversive. Looking at Qiu Yuting's blushing and blinking expression, he was touched again. The other party was obviously used to being strong, and these actions were a bit unnatural. But in order to reduce his pressure, he still did it without hesitation.

"Don't worry, you won't lose money." Three or four days was enough for Lei Hao to receive several pieces of future information. Although there was no clear data on the exchange rate, after incorporating the information-related variables, he originally only had eight or nine. The certainty of success is now almost certain.

After breakfast, we came to the conference room. Although the time was still a few minutes away from the agreed 7 o'clock, everyone had already arrived, and everyone started a small meeting to discuss the information that appeared last night that may affect the exchange rate.

"Lei, it's been three days and the exchange rate has not changed. I still have the same opinion." Leo spread his hands and said.

Yu Rong nodded, but did not persuade him. Anyway, the profits from the stock market were lost, the procedures were all done, and the exchange rates of RMB and US dollar did not change significantly. Lei Hao could go in if he wanted to. , the expected profit or loss is not much, whatever.

"How many contracts do we have in it now?" Lei Hao did not answer Leo and Yu Rong's words, but changed the subject and asked.

"According to the offshore exchange rate of 6.5137, our capital amount is about 58.34 million US dollars, which is about 35,000 lots." Leo estimated the number and said: "Zhao did a good job. The current level trend means a small loss in handling fees. "

The value of each foreign exchange transaction is 100,000 U.S. dollars. If 58.34 million U.S. dollars is added with 100 times leverage, you can buy 58,340 hands. Now it is 35,000 hands, which is close to 60 times leverage. Zhao Lichen stared at it all night last night, and now his whole body All a little confused.

"There are still 2 hours, Leo, it's up to you." Lei Hao said these words, and the hearts of the team members were all raised.

According to Lei Hao's method, it was almost life-threatening to operate. Even Leo felt uneasy. He had never seen anyone use money to play like this.

Lei Hao meant to quickly increase the position before 9:15, and everyone present knew very well that 9:15 was the moment when the China Foreign Exchange Trading Center announced the central parity rate of the RMB exchange rate.

In other words, Lei Hao is betting on changes in the central parity rate of the RMB exchange rate.

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