Future chat group

Yanjing, at 7 o'clock in the evening, watching the battle in the foreign exchange market, the eyes of a group of central bank leaders were so bright that it was scary.

What is lacking most in China’s financial sector? He is a general who was killed from a mountain of corpses and a sea of ​​blood, and this person must be trustworthy.

The whole world knows that China's financial circle is closed. China's financial regulators have always closed the door and watched a group of children play. They are speculating on concepts and playing tricks to harvest the money of immature market participants. This group of "elites" "What will happen if it is thrown into the international market? Be properly educated.

Of course, how can such a huge country not be able to pick out a few people who stand at the top of the industry? The question is whether we can trust those ABCs, banana people, or elites who have spent half their lives in the international market. The trust given by the regulators Degree is limited.

Lei Hao appeared. The speed of capital accumulation proved his vision, and the trading cases showed his strength. But to be honest, no battle has shaken the hearts of regulators so much.

When everyone had no confidence, Lei Hao was able to turn the tide in the stock market. When faced with a disadvantage, Lei Hao was able to use technical means to slowly eliminate his opponent's advantage. Making waves and making quick moves in the foreign exchange market was simply ridiculous. Dazzling.

"We have a meeting to discuss the middle price tomorrow morning." Wang Huachen put out his cigarette, with a hint of hoarseness in his voice. Then he hesitated for a moment and said to the secretary next to him: "Ask Lei Lei for his opinion. They What middle price do you want? Or..."

"Ask Lei Hao, what middle price can he win?"

There was an uproar in the conference room. As the central bank, even Huijin, State-owned Assets Supervision and Administration Commission and other departments have not received these benefits from them.

But thinking about it carefully, no one opposed this decision.

It’s really because the middle is so important.

What is the central parity rate directly determines the upper and lower limits of the RMB exchange rate.

If the central bank calls the central parity rate of 6.6757 again tomorrow, the offshore RMB exchange rate will not fall much, and the downward pressure on the exchange rate in the external market will be directly consumed by China's foreign exchange reserves.

China is now going to implement financial marketization, but according to Yanjing time, in a few hours, the Federal Reserve will give the momentum to raise U.S. interest rates. The People's Bank of China can decide the intensity of intervention in the foreign exchange market based on this variable, that is... shout out the middle price.

Now Wang Huachen wants Lei Hao to express his position and expresses that Lei Hao's attitude will be taken into consideration. This is a big deal. If he hadn't been shocked just now, he would never have done such a thing.

Yangcheng, Thunder Investment.

Lei Hao has begun to get used to this kind of extreme operation, but he also feels very tired. This kind of operation method, which needs to be adjusted every moment, is a kind of torture to the human spirit.

But it's also very fascinating. Taking advantage of the right time, place and people, he can single-handedly control the psychology of most people in the market, which makes Lei Hao feel like he can't stop.

Lei Hao was dazed for a moment after receiving the goodwill from the central bank through his headset. Fortunately, Leo and Tao Liyu's nervous inquiries interrupted his wandering.

"Leave it to him just to test. It won't take long to break 6.85. We are still placing orders at 6.85."

Lei Hao ordered the operation smoothly, but his mind was on thinking about the middle price.

It is true that if the central bank continues to call out the middle price of 6.6757, Lei Hao will be able to win this battle steadily, but this is impossible.

If the central bank ignores the fluctuations in the offshore exchange rate and the appreciation pressure of the US dollar, marketization will become a joke. Therefore, it is normal for the central parity to fall. The question is how much it will fall.

If it is fully market-oriented, of course it will fall directly by 2%, that is, directly to 6.81, and exchange rate controls will be relaxed. However, this possibility is very small. This situation has occurred in the history of RMB exchange rate fluctuations, but it is not completely applicable to the present.

Historically, the 2% was adjusted proactively by the Central Bank of China. Now the signs of artificial speculation in the RMB and foreign exchange markets are obvious. If the central bank does not take action, others will doubt whether you can successfully promote financial marketization.

Marketization without supervision is also a joke.

"No, the central bank is asking me what middle price I can use to win, and it's impossible for them not to intervene. According to the future information..." Lei Hao suddenly figured out something and said to Yongze through the microphone: "Tell me I can accept any middle price from them, but I need to know the middle price at least half an hour in advance! We are sure to win!"

"Okay, okay." Xiang Yongze now really wants to open the door of Lei Hao's office, come in, burn some incense and pay homage. In fact, there are many people who have the same idea as him, including Keda, HSBC, Standard Chartered, Prudential, Qingyu, Hanlong, and all insiders including the Central Bank, Thunder, and LEI all have this impulse.

So when he heard Lei Hao say such a "ridiculous" conclusion in such a sure tone, Xiang Yongze had no objection and conveyed it directly.

In the central bank, Wang Huachen and others are also tortured by rationality and emotion. If we analyze it rationally, whether Lei Hao wins or loses is closely related to tomorrow's central parity rate of RMB. If we analyze it emotionally... the peak that is still going on appears in everyone's mind. operate.

"I think we seem to have made a mistake," said Zhou Weimin, secretary of the central bank's party group, with a satisfied smile on his face, "So what if we give it 2%? We can operate in another way."

"We have injected funds into Thunder, Ketak, HSBC, Standard Chartered, Prudential, Qingyu, and Hanlon. If we give them money, as long as the amount is appropriate, I believe those people from the United States and the United States will not be able to say anything."

There was another moment of silence in the conference room. The central bank gave money? Of course you can. A reverse repurchase can cost anywhere from tens to tens of billions. Institutions such as Huijin, State-owned Assets Supervision and Administration Commission, and state-owned banks are not without money. Where is the size of China’s economy? The motherland has plenty of money. .

The problem is that the nature and distribution of funds need to be paid attention to.

But Zhou Weimin's words opened up a possibility for everyone. Another way of intervention is to give Lei Hao and others who stand on the correct political stance some funds. It is also an influence, but it is more in line with the operating rules of the capital world.

Moreover, if they can win, Lei Hao and the others will be equivalent to making more money. If this happens again in the future... there will definitely be more people coming to support them.

"The quota needs to be very careful, but... now that the interest rates in the domestic inter-bank lending market are soaring, it is normal for us to inject liquidity. As for why the interest rates are still so high and the cost of shorting the RMB is still so high after injecting liquidity, that is completely market behavior."

"Yes, we give our mobile money to Leisure Bank, Qingyu, Hanlon, HSBC, Ketak, Standard Chartered and Prudential, both domestic and foreign. We have no control over how they want to use it."

"We should say hello to several more state-owned banks, give them some quotas, and ask them to transfer the quotas to Thunder, Keda, HSBC, Standard Chartered, Prudential, Qingyu and Hanlon."

"The Administration of Foreign Exchange also needs to say hello. Once the money is released, how the institution wants to use it should be managed according to market-oriented principles."

"So, the middle price..."

"6.81!"

There were loud words in the conference room.