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"We need a little time." Sensing the looks from colleagues around him, Xiang Yongze could only stand up and said, "We can't give a detailed plan for the time being."

"OK, I want to see the preliminary documents in the afternoon." Lei Hao nodded and did not embarrass these subordinates.

Lei Hao knows very well that the company is different now from before. When he had millions or even tens of millions of funds, he could make transactions with just a finger, but now Lei Hao Investment has spread its network.

Apart from anything else, if you are bullish on Shibor, Xia Yibei's two monetary funds will bear the brunt of the impact. If banks withdraw liquidity, they will indeed need to pay a cost, but you also need to estimate their cost, price, The relationship between risk and expected return.

Then there are the stock market, futures market, bond market and other places. They are all closely related to the flow of funds. Leiting has invested tens of billions of RMB in these markets. Any new operation must take into account various issues, no Move at will.

Fortunately, Thunder has a lot of unilateral investments and the quantitative model is not popular, so one day is barely enough, and Xiang Yongze and others breathed a sigh of relief.

Lei Hao is not in a hurry. It is Monday the 17th. The surge in Shibor started in late July. A few days is short, but Lei Hao’s channels have also been enriched. In addition, the probability of the central bank taking action will increase with the Shibor increases with the surge, so the collection of chips is always available.

During the day on the 17th, A-shares fluctuated upwards within a narrow range. The global securities market generally shrank and rose. The pressure on the appreciation of the US dollar was still there. The economy began to partially pick up, making everyone seem to breathe a sigh of relief.

However, the slight rise in the value of the U.S. dollar and the rising possibility of upward currency movement have made people in the financial circle raise their eyebrows. As we all know, the U.S. dollar and the U.S. dollar system have always been a tool for the United States to rob the world. There are countless lessons learned from the past, and financial practitioners It would be strange to ignore it.

China's financial system is relatively independent and controlled by the iron fist of politics, but risks still exist.

Central Bank, Office of the Governor.

As the governor of the central bank, 53-year-old Wang Huachen has held positions such as president of the Industrial and Commercial Bank of China and chairman of the China Securities Regulatory Commission. He was promoted to the position of governor of the central bank last year. However, he is not the secretary of the party committee. He will have to wait until the next leader in March next year to fully take over. After the person completely takes over.

"The leadership is almost certain, and the older generation has begun to delegate power to people like me." Wang Huachen, who has a doctorate in economics and finance, can be said to have witnessed the development of China's finance. He is very aware of the weight of the burden on his shoulders.

Economic transformation, too many financial levers, too many risks, the RMB seeking leadership in the Asia-Pacific, the United States, Europe and Japan eyeing it... The financial world has never been simple.

What makes people even more irritated is that the profit-seeking nature of capital determines that they are not completely consistent with national interests. Managing the central bank is not a good job. Anyone who makes mistakes is a sinner of history. Wang Huachen is under great pressure.

"President, Chen Xing's phone number." The secretary looked at the leader in a daze and reminded him cautiously.

"Come in." Wang Huachen said simply. After the secretary left, he began to communicate with the leaders of his subordinates.

"How many times have the documents been issued? I asked you to remove excess leverage as soon as possible and asked you to pay attention to liquidity risks. Have you turned a deaf ear to it?"

"This needs a meeting to decide! Old Chen, you should know that every time the central bank releases liquidity now... it is helping the evildoers!"

"The money is still the same money, and the asset value is still the same asset value. Then tell me, where is the price? Where is the price!"

After a day's work, Wang Huachen was extremely tired, but when he thought of the problems he faced, he felt depressed.

The investment of currency is very particular. The simplest example is that when there are 10 trillion yuan in the market, the price of assets is normal. When you invest 11 trillion yuan, then the price of something will definitely be higher.

Excessive currency issuance or flooding of liquidity will inevitably lead to rising asset prices, inflation and...exploitation.

Because it is impossible for ordinary people to get super-issued currency. In the end, the market is still the same market. Some people have more money in their hands. Things that you think are expensive are cheap and have investment value in their eyes. Buy, buy, buy. When you start walking, in the end you find that the money that could have been used to buy the corresponding items can now only buy 70 to 80% of it.

After prices rise, and after a round of exploitation is completed, there is a redistribution of interests. The "bosses" above will say, "Oh, prices have risen. The company will give you a salary increase. Work hard, and the employees will spend 10% of the money they could have bought." If you get 90% of your salary, you will still be grateful.

There are many ways to solve this kind of thing. The most important thing is for the real economy to catch up. The regulation of the central bank is also very important. People like Wang Huachen are in charge.

Therefore, China's financial market is highly leveraged and has many bubbles, resulting in huge liquidity risks. The central bank has been unhappy about this for a long time.

Of course hardliners like Wang Huachen will not allow this to happen. The problem is...

"It's enough to move the whole body." The helpless leader of Yang Ma could only sigh.

Yangcheng, Thunder Investment.

Lei Hao was listening to Yu Rong's research and analysis report. Xiang Yongze and several others were sitting in his office.

"The flow of funds from the origin to the end-use area has gone through more procedures, which affects its return speed."

"However, this is a stable income chain successfully created by the financial circle. It is not that the central bank does not want to take care of it, but there is clearly profit there. No financial institution can turn a blind eye, and banks are naturally no exception."

"From a financial perspective, the market as a whole does not lack currency, but the increase in RMB local currency trading volume is much faster than inflation, economic development speed and other data, which also provides some reference."

"Generally speaking, risks and returns correspond to each other." Yu Rong studied and analyzed for a whole day, and finally dared to come to the conclusion: "If there are more variables, investment can still be made."

"We can affect Shibor, and we can also affect the amount of pressure the central bank is under. After all, the bank's profits belong to the bank, and our own gains are our own." Xiang Yongze said with a smile.

"Ahem." Everyone present quietly lowered their heads and fiddled with the documents.

Xiang Yongze's meaning is very simple, that is, a public-private conflict.

The current investors in Thunder are not just cats and dogs, and many of them are funds related to financial executives. When there is a situation where public institutions suffer losses and private funds gain, how should they choose? It's very simple. If the central bank dares to withstand the pressure, it will control the life and death of public institutions.

"Then let's activate our network and launch a blitzkrieg!" Lei Hao said.