My Fintech Empire

Fang Hong has already found a scapegoat for the domestic investors who have reaped the wealth of the cryptocurrency market, and that person is Merrill Lynch.

Three years ago, Merrill Lynch came to Qunxing Capital with a little thought to actively seek cooperation. The two sides quickly reached a cooperation agreement. Merrill Lynch gave Qunxing Capital a large sum of money to manage, with the purpose of luring the snake out of its hole, but Fang Hong never expected that he would take over the funds at the historical high price of Bitcoin at $3,000.

Merrill Lynch was furious at the time. It was a great shame to be sent to the door. In addition, the targeted explosion of the 18 consecutive limit-downs of Qunxing listed companies in 2013 shocked the entire capital market at the time.

No one thought that Fang Hong would be so bold at the time. He did not give face to the financial tycoons on Wall Street at all, and played the role of a young and vigorous person.

As for Merrill Lynch's entrusted funds, most of them are still stuck at the top of Bitcoin.

Next year, Fang Hong has decided to run a super bull market on Bitcoin, and help Merrill Lynch get rid of the funds that have been trapped for three years, and let Merrill Lynch make a big profit before leaving the market.

Fang Hong certainly did not give Merrill Lynch such a big benefit for free, but wanted Merrill Lynch to take the blame, making Merrill Lynch the biggest winner of the Bitcoin bull market in 2017, so that those runners and colonizers would believe that Wall Street Merrill Lynch harvested them.

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In December, after Fang Hong's series of decisions were finalized, Tian Jiayi ordered his arrangements to be carried out in an orderly manner according to the plan, and the huge organization of Qunxing Capital began to operate and fully implement his will.

First of all, in the encrypted digital currency market, just entering December, the price of Bitcoin has further strengthened, breaking through the high point of the year and standing on the $1,000 mark. It will take more than two times the current price to reach the historical high of Bitcoin.

However, in the next year or so, the price of Bitcoin will not only double, but more than thirty times.

In addition, North America is also making an orderly layout to dig an epic sinkhole for Run people. The priority of this matter is not very high, because it takes a long time, not a short-term plan, just take it slowly, and take it slowly is the fastest.

Entering the last month of the year-end, the turmoil in the financial market has obviously intensified, and many people can feel the wind and clouds at this moment.

On December 6, a sudden news caused an uproar in the capital market. People found that the overseas search engine Google showed that the offshore RMB exchange rate "plunged" to 7.4, which scared overseas students and purchasing agents.

The search engine Google shows that the offshore exchange rate of the US dollar against the RMB has plummeted to 7.48, while the offshore exchange rate data of the US dollar against the RMB in terminals such as Bloomberg, Wind, and search engines such as Yahoo, Lingjing Search, Baidu, etc. remains at 6.88.

As a price factor affecting imported and exported goods, the exchange rate has an important impact on imports and exports.

Just when the market was in an uproar, a few hours later, the incident soon ushered in a reversal. Google search engine's offshore RMB exchange rate "breaking 7" was a "misunderstanding". Many people were relieved as if it was a false alarm, especially overseas students and purchasing agents.

Most people are talking about the "misunderstanding" itself, but those in high-level circles or those who have deeper access to information know that this is by no means a "misunderstanding", but a new round of offensive launched by international short-selling forces.

Google's RMB exchange rate misunderstanding, and at a time when the RMB is in a state of continuous depreciation and approaching the psychological barrier of 7 integers, waved flags and misled the world, intending to create panic.

Fang Hong, who saw the news of this incident, had no psychological fluctuations. The opponent's efforts at the public opinion level, from another perspective, also showed that they did not have many real killer moves in their hands.

At the same time, the A-share market also ushered in a staged peak. As time went on, on Monday, December 12, the A-share market, which was affected by multiple negative factors in recent times, opened with a sharp drop in the new Shanghai and Shenzhen three major trading markets.

First, the insurance funds’ barbaric holdings were subject to strong supervision, causing a number of holding concept stocks to fall again, seriously dampening market sentiment; secondly, the recent acceleration of IPOs in the two cities is equivalent to the realization of the registration system, and the high-valuation ChiNext has suffered a blow; in addition, the funds are tight at the end of the year, and the central bank continues to withdraw funds; and this month, the Federal Reserve is likely to raise interest rates, and the A-share market will also be under pressure.

But the most important factor is the resurgence of the foreign exchange market. The smart money in the investment circle has already smelled something unusual.

Some funds have begun to shrink for risk aversion, and some funds have tasted the sweetness of following the stars in the foreign exchange market at the beginning of the year. Now they are also gearing up and freeing up funds to make a fortune in the foreign exchange market.

Today, the A-share market has been fluctuating and falling since the opening, and the willingness of funds to enter the market is not strong. The New Certificate 50 Index has broken through historical highs one after another and has also entered an adjustment today. At present, it is in a troubled time, and many people have chosen to be cautious.

Among the three major trading markets in Shanghai and Shenzhen, the Shenzhen Stock Exchange suffered the worst drop, and the ChiNext Index was particularly severe, becoming the hardest hit area of ​​the crash, falling below the 2,000-point mark, setting the largest single-day drop and a new low in half a year, and was surpassed by the New CSI 50 Index in absolute points.

As of the close, the three major trading markets suffered heavy losses across the board. The Shanghai Stock Exchange Index fell -2.47% to 3152.97 points; the Shenzhen Component Index plummeted -4.51% to 10302.85 points; the NSE 50 Index fell -3.36% to 2034.19 points; the GEM The index plummeted -5.50% to 1984.39 points.

The combined turnover of the three major trading markets is close to the trillion mark.

In the following days, the decline in the A-share market slowed down, but overall it maintained a volatile downward trend.

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On December 15th, Jingxin lived in the villa.

"The matter of the Federal Reserve raising interest rates has come to fruition today." Tian Jiayi returned to the villa to find Fang Hong and reported to him: "Last night in North America, the Federal Reserve announced an interest rate decision and announced a 25 basis point interest rate increase, raising the federal funds rate target. The range was increased to 0.5% to 0.75%, and the resolution statement was unanimously adopted. As soon as this news was disclosed, the U.S. dollar index surged above the 103 mark, further reaching a new high in 14 years.”

Upon hearing this, Fang Hong said easily: "We just need to continue the short-selling strategy for the U.S. dollar."

Tian Jiayi said: "The team of traders below is executing the short opening according to your decision. Oh, by the way, there are two more things. One is the SGX Stabilization Fund thing which should be implemented by the end of the year. The other thing is All the preparations for the listing of the agricultural products supermarket are in place and it is expected to be launched on the SGX in January next year.”

Fang Hong nodded: "Just do it."

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