Future chat group

The hedging of funds was spectacular at the climax, but in the early stage it was actually very boring. Even though it was full of calculations, the tug-of-war seemed too boring.

Just like the current long and short sides, the shorts occupy the support of fundamentals and use the short-selling funds to attack all the way. However, because of the buying orders placed by the longs, they dare not raise the index too much. In addition, the securities market is fighting around the valuation right. If you attack too deeply, the chances of your teammates turning back will be greatly increased.

The time is running out, and the long and short sides can only start a war of attrition at the exchange rate of 6.85.

The short sellers had many worries, and the bull sellers were also worried about internal and external troubles. Fortunately, Lei Hao calculated his teammates in front of him, and with his glittering historical report card, he successfully managed to unite all the major bull sellers into one rope.

Retreat when you want to retreat, advance when you want to advance, the funds of Lei Hao's Hong Kong Thunder and LEI directly became the backbone. Ketak, HSBC, Standard Chartered, Prudential, Qingyu and Hanlon were afraid of being plotted, so they could only hold on. The nose followed Lei Hao's operation, and everyone had a vague intention of advancing and retreating together.

The depreciation of the RMB has exceeded 2%. Idiots all know that whether it can break 7 is the key point of the collapse. A large amount of money poured into the RMB exchange rate market, which also made practitioners smell something unusual.

The Shibor lending rate as high as 12% means that the cost of shorting the RMB exceeds 30,000 per day. And as long as the situation is clear and the RMB exchange rate can hold up, everyone will know that it is time to sell short.

China wants to promote financial marketization, and it is true that it cannot intervene for the time being. But if you really think that the Central Bank of China is going to fail, you are totally wrong.

What the foreign exchange market is competing for now is not profits, but the status of the RMB in the market. As long as the exchange rate is stable, the Central Bank of China has many ways and means to stabilize the currency exchange rate. The most important thing is that the central bank does not need to take action. Bloody funds will jump out to suppress short sellers and plunder profits.

If the RMB cannot be stabilized, then the Central Bank of China will be very passive. Intervention means that everything is business as usual and the exchange rate still does not have much room to float. If it does not intervene, it means death.

Therefore, what is fought for in the foreign exchange market is the initiative, a game between countries.

But Lei Hao also knows very well that China has a huge amount of funds. If either of them breaks out and intervenes in the foreign exchange market, the hedging will turn into a duel, and it is not impossible for a financial war to break out.

Fortunately, the two countries are powerful, but they also have many concerns. Among other things, China's foreign exchange reserves of US$3 trillion alone do not have much to take care of. Any withdrawal of funds will affect other areas.

"The tiger will not come out of the mountain, and the monkey will be king. In addition, if the market is obviously manipulated, the central bank will have an excuse to intervene, so..." Lei Hao thought silently in his heart: "I will leave the stage to the market for the time being."

"The U.S. dollar has appreciated, and various currencies are fighting each other. Everyone is worried that the U.S. dollar will turn around. The conclusion is..." The development of the matter did not exceed Lei Hao's expectations: "I seized the opportunity, and the ability is mine."

"Each one depends on his ability!"

On the screen wall, data flashes like a waterfall. Often, the trading orders that were formed a few seconds ago are no longer visible on the screen wall the next moment.

Only the top data such as total trading volume and open interest are changing.

For Thunder alone, 70% of its original short positions were closed in one morning's trading volume. Lei Hao now has a short RMB contract position of over 3 billion. The short position is at 6.71. As long as all positions are closed at 6.85, He earns at least 200 million US dollars.

Including the 200 million earned, the Hong Kong Thunder and LEI combined have more than 3.5 billion US dollars in funds, which are placed in RMB futures. Multiplied by 80 equals a position of 270 billion US dollars.

The most important thing is that due to his high credit limit, the contracts signed by Lei Hao with HSBC, Keda and other institutions stipulate that he does not need to make a margin call within two or three days. In other words, even if he goes long in the range of 6.85-6.9, the exchange rate Even if it breaks 7, Lei Hao can still wait for the central bank to come out to clean up the situation, and the expected losses can be controlled.

The RMB foreign exchange market has a daily trading volume of two to three hundred billion US dollars. According to normal conditions, as long as Lei Hao dares to commit suicide, his 3.5 billion will be enough to sweep the entire market.

But everyone who speculates in foreign exchange knows that the RMB is usually as motionless as a mountain, but when it moves, the sky will fall apart. Just like today, one morning, the amount of energy that Lei Hao knew alone exceeded 50 billion U.S. dollars. You know, this is just the early stage of Asia. There is a time when the trading volume shrinks, and it is impossible to tell Lei Hao all the hedging channels of the other six institutions, so the data needs to be enlarged a bit.

Lunch is provided by the company. With Lei Hao's financial resources, when a big event comes, the company can satisfy the employees even if they have to eat at a five-star hotel. After Lei Hao finished eating, he returned to the office. He closed the door and flipped through various materials including future information.

If you have too much capital, you will be the biggest variable in the market. You need to think carefully about how to take every step.

Many people in the financial circles at home and abroad are reading the information, and most people are still afraid to participate. A loss of 1.8 billion is not something ordinary institutions can bear. Winning is good, but looking at this situation, Lei Hao’s chances of winning Even lower.

After Yanjing, the central bank, obtained almost all transaction data through powerful channels, everyone including Wang Huachen became somewhat silent.

"Over $70 billion!"

"These foreigners! We have to keep an eye on them next!"

"We have been keeping an eye on them, but this time... they did not violate any rules."

"We cannot affect the hedging on many platforms at all. The influence spreading from the deep market can only be said to be difficult to guard against."

Everyone got together and talked about the situation. The central bank was different from other participants in the market. As long as it moved, the leverage ratio was extremely low. Lei Hao could use billions of dollars to leverage large amounts of funds. The central bank generally had a few Times is not a lot.

But the current problem is not something that the central bank cannot bear. At most, it will be shameless again and rearrange it behind closed doors. The foreign exchange reserves of US$30,000 are there, and the fundamentals are still there.

The problem is that the financial market will retreat if it does not advance. China's economic, military, political and other fields are developing, and the financial field must keep up. If it cannot be done well, it will be held back.

"Other currencies are not doing well either." Wang Huachen continued to flip through the documents and said with some emotion.

Every time the U.S. dollar appreciates or depreciates, it relies on its own status to use the Seven Injury Fist. The difference is whether the prey is enough to make up for the losses after the punch is used.

Regardless of the current bustle in the RMB market, if the goal is really not achieved, the United States will definitely find someone else to take advantage of it.

"Send the information to Thunder and tell them by the way..." After reading the information to the end, Wang Huachen said with a bitter taste in his mouth: "The opponent should have more funds than them!"