My Fintech Empire

"Quick! Close the position quickly! Immediately! Immediately! Close it! Close it all! Close it all!" He quickly came to his senses and immediately yelled in the trading room, and then he looked at the current exchange rate of offshore RMB against the US dollar. According to the real-time trend, the RMB is appreciating strongly, almost crushing the trend.

He stared at the trend of the offshore exchange rate and said to himself: "So that's it. The onshore market banks are blocking the outflow of RMB through various channels. They are checking and catching. They are sweeping the underground banks and closing the faucets to ensure that onshore The RMB in the market will not flow out. Then Qunxing Capital will drain the remaining water in the offshore market, so it will be easy to increase the exchange rate of the offshore RMB..."

At this moment, he finally understood that Qunxing had resorted to another tactic of closing the door and beating the dog.

In Fang Hong's eyes, this trader is the representative of those who arbitrage back and forth onshore and offshore. These people have no feelings about family and country. All they have is profit. As long as it is profitable, short selling and long selling are just technical operations in their eyes. , technology is not guilty.

Now he has suddenly realized that if the international short-selling army wants to bring down the RMB exchange rate, it cannot be done in the onshore market. The only way is to create and maintain the momentum of panic through the operation of the offshore market to drive the depreciation of the RMB in the onshore market.

But the problem now is that Qunxing Capital has launched a heavy attack in the offshore market, and it has directly shown its cards, telling everyone clearly that Qunxing has been sweeping away RMB in the offshore market and is about to hit the 2 trillion mark. go.

Although he does not know the size of the RMB balance in the offshore market, he can roughly estimate it to be more than 2 trillion based on some public statistics. In other words, the RMB in the offshore market has almost been wiped out by the stars.

In the onshore market, the source has been strangled by Yangyang Bank again. If short sellers want to bring down the exchange rate, they must continue to sell the RMB. But the biggest problem now is that there is not much RMB left in the market.

"How come Qun Xing has so much money? Last year, he spent two trillion yuan, and he can still make another two trillion yuan. Isn't this bullying? Damn!" The trader couldn't help but curse in a low voice, and he was very confused. Qun Xing would now I spent so much RMB like crazy, how will I get it out in the future?

Obviously, he never thought that Fang Hong had no intention of selling, and that he would not only absorb 2 trillion, but 10 trillion.

From his opportunist perspective, it was obviously impossible to see through Fang Hong's true macro-strategic intention.

But at this moment, the trader quickly took a look at the overnight lending rate. He was shocked when he saw the real-time trend: "What? Hibor (overnight lending rate) has soared to +45%?"

He clearly remembered that just two minutes ago, the overnight lending profit was still around 4%, which meant that the cost of capital had soared more than 10 times in just two minutes.

Obviously, at this moment, the entire offshore market is rushing to grab RMB. The short sellers who followed the trend and fished in troubled waters for arbitrage saw the announcement released by Qunxing Capital and after thinking about it, they were frightened to death, not to mention frightened.

Today's Qunxing Capital, or Fang Hong's banner, can be said to have an automatic +50% deterrent effect.

The most important thing is that these arbitrageurs are not stupid. They immediately understood that the onshore market has blocked the outflow of RMB. Even if some fish slip through the net, it will not hurt. You must know the funds of Qunxing Capital in the offshore market. It is so rich that it has already spent 1.85 trillion yuan, which is simply crazy.

If we don't run away, it will be the tragedy that happened when Big A rescued the market last year, and short sellers were shut down by Fang Hong.

And there is another fact that makes them even more horrified, that is, in this situation, Yangxing's ammunition has not been used yet, but the stars are taking action.

In other words, the country's trillions of foreign exchange reserves have not been touched so far. They can suddenly take action when necessary, which means that a stronger trump card has not yet been played.

If you don't run away, then it will be the fish on Fang Hong's chopping board, and he will let him cut it again.

The short-sellers who are the first to abandon their armor at the moment are the arbitrage capital who fish in troubled waters. The moment they react, they don’t dare to hesitate too much, because they are all playing in the foreign exchange market with high leverage. If they are not careful, they will explode on the spot. , faster than the stock market liquidation.

But at this moment, the short trader immediately shouted in the trading room: "How many positions have been closed?"

A trader immediately replied: "Six floors have been closed!"

He immediately continued: "The remaining ones will be eliminated as quickly as possible at any cost, quick!"

After saying that, he took another look at the real-time trend of the overnight lending rate. At this time, it had soared to more than +58%. This trend made his scalp numb. The sudden increase in the overnight lending rate intuitively explained a problem. That is, at this moment, the short sellers in the market are competing to close their positions in RMB at a high price.

Everyone is running away like crazy. In order to close their positions before others, they are willing to pay higher interest costs. If they don't run away, they will be shot. At this time, it is not a question of whether to lose or not. Escape is the most important thing.

Everyone knew what was going on, and they were all trying to get away. The short sellers fell into a situation of killing each other in an instant, and they all followed the principle of killing their friends but not the poor.

Soon, the overnight lending rate soared to a height of more than 63%, setting a record high since quotations were made.

The entire offshore market is frantically grabbing RMB. In order to grab RMB as soon as possible, everyone is willing to pay higher interest. You quote 30%, he quotes 50%, and then another person jumps out and quotes 60%...

At this time, short positions have been liquidated, and some have even sold out.

In just three days, the advantages accumulated by short sellers were completely wiped out by a piece of news released by Qunxing, and the situation was completely reversed.

It seems that the stars just used a piece of news to stage a strong comeback. In fact, this is the result of the preparations made by all parties some time ago, but it is concentrated in the announcement of this news at this moment.

…

When the offshore RMB exchange rate market appreciated significantly, the A-share market plummeted at the same time. Especially in the afternoon, the NSE 50 Index, Shanghai Stock Exchange Index, and Shenzhen Component Index of the three major markets all accelerated their downward plunge, further setting a new record in the beginning of the year. new low.

This has left many investors confused. According to traditional thinking, a sharp rise in the value of the RMB should be good for the stock market. How come such a huge scissor gap suddenly emerged? The foreign exchange market next door is soaring, but the stock market is booming?

Such a trend is beyond the understanding of many investors, and they can't understand it for a while.

In fact, you can understand why this situation occurs by looking at the flow of funds. Northbound foreign capital is flowing out crazily, including major funds.

Almost all of these outflows of funds had to be cut off in the stock market and then went to the foreign exchange market to fill holes. Some speculative funds were exploded in the foreign exchange market, and now they are forced to raise money everywhere. These funds are also in the stock market. There is a position.

But now, they have to cash out from the stock market to close their positions and put out the fire. The overnight lending rate has soared to more than 65%. At this juncture, time is really money, and it is calculated in seconds.

There are accumulated funds in the stock market, and at this time it is natural to sell chips to cash out at any cost. Faced with this situation, it is surprising that Big A can withstand it, so it collapsed as expected.

It is for this reason that the stock market plummeted when the foreign exchange market soared.

…