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The RMB has two exchange rates, one is the offshore exchange rate and the other is the onshore exchange rate. The central parity rate announced at 9:15 every day is the onshore exchange rate.

Originally, after the closing of the night session last night, the onshore exchange rate of the RMB was 6.3816, but now it is announced to be 6.3866, which means that it has depreciated by 50 points. (Only talking about USD vs. RMB)

If you convert it, it is actually 80,000. The difference is actually not big, but it represents an attitude and a signal, and the offshore exchange rate rose in response.

"It's back, it's back, 6.5137..." Zhao Lichen lost his sleepiness completely and shouted at the top of his lungs: "6.5139, 6.5143... It's rising, it's rising."

"Congratulations, Zhao, you are now a father, boy or girl?" Leo made a Chinese joke, but he didn't know what to say when he looked at Lei Hao.

For every one point increase, Lei Hao earns more than 2 million yuan. Most of the exchange rates of the orders held by the company are 6.5137, 6.5136 and 6.5138. The average is 6.5137. The current offshore exchange rate is... 6.5149 Wandering around, it rose 12 points.

In other words, Lei Hao made 25 million in one minute. He made the right choice by transferring funds from the stock market to the foreign exchange market.

The most important thing is that the central bank directly raised the onshore exchange rate by 50 points, while the offshore exchange rate has only risen by 12 points. This is because everyone still wants to test China's attitude. If China is stubborn, the exchange rate will still rise.

Will China be tough? Do you dare to let the RMB maintain this depreciation rate? Why? Why?

Thinking of Lei Hao's remarks that the US dollar might depreciate, various data flashed in Leo's mind, almost burning out his brain.

"Mr. Lei, what should we do now?" Yu Rong saw Leo lost in thought and could only stand up and asked: "Wait and see? Or start closing the position?"

"Let's see." Lei Hao was also thinking crazily. The rise in the onshore exchange rate does not mean that the offshore exchange rate must rise by the same amount. The details still depend on how the market develops.

"If I were the central bank, if I knew that the U.S. dollar might depreciate slightly, then... what would I do? Let the RMB depreciate slightly first? Then what? Hot money flees for safety? Where will they flee?"

The numbers on the computer screen were beating, and various information appeared one after another, but Lei Hao and Leo were both lost in thought.

In the Shanghai stock market, Qin Yu was sitting on an office chair with a dumbfounded expression. Lei Hao said that the central parity rate of the exchange rate was going to be raised, and the central bank raised it. The last time he said he would cut interest rates, the central bank also lowered interest rates. Is this the governor?

However, this was just the beginning, and pressure from the outside began to surge in.

Eight ten thousandths is not a big number, but it is a big deal when put on the renminbi, the currency of China, the world's second economy.

What do you want to do? Do you still want your currency to devalue? Our economy is not very good, are you going to cause trouble?

The foreign exchange market is turbulent, but 50 points is really stuck. At this range, there are no big shots, only a bunch of "experts" shouting.

"Depreciation of the RMB? This is the funniest joke I have heard this year. As an extremely important part of the world economic system, I am puzzled by the policy measures adopted by the Central Bank of China to affect the exchange rate..."

"China often shouts slogans to attract investment, but their currency exchange rate is tightly controlled by the government. Just like this time, it is a harm to foreign investors who have already invested..."

"Onshore exchange rates are inherently ridiculous. If China wants to fully integrate with the international community, please let go of these ridiculous manipulation methods..."

"When the economy is stabilizing and improving, is the devaluation of the RMB intended to feed profits to domestic companies? This is a conspiracy..."

The exchange rate is a sensitive thing. Mature economies use more market means to influence the exchange rate. China, as the world's second largest economy, is not open at all to foreigners. What is the offshore exchange rate and the onshore exchange rate? , let’s just let go and have fun, can’t we?

Lei Hao has been keeping an eye on the foreign exchange market. Sure enough, when the exchange rate increases and the RMB depreciates, the market becomes very active, and a large amount of funds are exchanged from RMB to other currencies, among which the US dollar is a key area because its exchange rate is stable.

Many funds that were originally planning to enter China have changed their attitude and want to wait and see whether there is a possibility of another depreciation of the RMB in the short term.

Driven by many factors, the offshore exchange rate of the US dollar against the RMB has stopped at around 6.5160, and the onshore exchange rate has dropped by 10 points, standing at around 6.3856. The market is waiting and watching, and everyone is waiting and watching.

"It's amazing. As time goes by, the central bank has more renminbi and fewer dollars in its hands. Moreover, when the renminbi depreciates, foreigners will be dumbfounded if the dollar really depreciates." Lei Hao told the central bank. I gave it a thumbs up, but I still had doubts.

"But don't others know? No, no, non-agricultural data has been predicted. The analysis results of other countries and institutions should be similar. The expected data has been reflected in the exchange rate." Lei Hao's mind was spinning rapidly, "Then... …My Dayang mother is so strong!”

Yes, with an extremely rigorous national institution like the central bank, it may have lowered the central parity rate for other reasons, but whether intentionally or unintentionally, the central bank should have calculated the whole world. You know, they have no future. information.

"How does it feel to have a firm offer worth hundreds of billions of dollars?" Lei Hao felt a little shuddered just thinking about it.

"Lei, public opinion has changed." Leo shouted.

Lei Hao flipped through the latest information with a wry smile on his face. The central bank raised the central parity rate of the U.S. dollar against the RMB, which raised expectations of depreciation. However, the market digested this information very quickly. After everyone finished shivering, they started again. Analyze it.

China leads the world in economic development. Even though the RMB has depreciated by a few dozen points, some people still don't care. Instead, they think that if you depreciate now, I can exchange the same US dollars for more RMB, and I can use these RMB to invest in this lucrative industry. market, then change it.

The foreign exchange market is indeed changing rapidly. One moment, depreciation expectations are increasing, and the next moment, some people see the point of turning from bad to good, and the exchange rate of the US dollar against the RMB begins to loosen and fall.

"Lei, what do you think?" Leo looked at Lei Hao and asked seriously: "Do you want to close the position, or wait a little longer?"

"Close the crosses, leaving only the direct price of the US dollar against the RMB." Lei Hao thought for a while and shouted directly.

Leo didn't say anything and just followed the instructions. He closed the cross within ten minutes and made a profit of millions. While the leverage was reduced to about 300 times, the company's remaining positions were all straight trades.

Just after finishing this operation, the time came to ten o'clock in the morning, and a scene that almost scared Leo to death happened...