The good news of US$300 billion can indeed be put to good use.
The foreign exchange market fell by more than 6% in two days, evaporating nearly 10 trillion soft currency.
Lu Beifeng would not be so naive as to think that he could regain all the evaporated wealth just by relying on the news of this trust fund.
$300 billion is a lot,
The custody of Tessa Wealth Fund is also very bluffing.
But it also depends on the object of comparison. Compared with the economic size of the Chinese market, it is really not worth mentioning.
Lu Beifeng just wanted to let international speculators know that the water in China is very deep. If you want to make money in this market, you must be mentally prepared to get stuck in the quagmire.
Knock them a little, make them hurt first, and learn what is called a rat-throwing device.
After some time, Lu Beifeng takes action on the property market, and the economic fluctuations caused will be greater than today's impact.
At that time, if the international speculators want to take action, they will think of today's pain, and Lu Beifeng does not need to be distracted to divert his attention to prevent their sneak attack.
The Shanghai Composite Index fell by -7%, and the market index was approaching 3,000 points. It was a time when countless people chose to sit still.
The foreign exchange market quietly started a battle to defend 7 yuan, resolutely resisting the short selling of soft sister coins by overseas funds.
One of the main players defending the exchange rate can vaguely see the figure of Bank of China Investment.
Bank of China Investment, whose name is prefixed with Chinese, has an unshirkable responsibility to stabilize the country's exchange rate and ensure that the wealth of all citizens is not harvested.
A-shares have a T+1 trading model. No matter how the financial market falls, the meat will rot in the pot.
This is also a trading mechanism that has been criticized by Western financial scholars. It is not free and has no human rights.
The market transaction mechanism that can be criticized by the West shows that it has certain existence value.
It may be bad for investors, but it is good for the country and bad for overseas funds. Those who shout slogans about freedom and human rights are motivated by profit.
There may be pure virgins, but they do not exist in the financial industry. They have long been wiped out by their peers.
Due to the trading mechanism, the A-share market is destined not to be as free as the U.S. stock market.
When you make money, you come and go in a hurry, waving your hands without leaving any trace.
But there are exceptions. For example, Boss Lu has made a lot of money many times and behaves arrogantly, so he has become the focus of attention.
If they hadn't been warned in advance, alert and running fast, they would have taken them all away with a wave of locks.
With US$4.2 billion, lawsuits can come and go.
Part of the reason is that it is not worth it. For such a small amount of money to affect the country's credibility, if the amount were increased tenfold, the opposition would be much smaller.
The golden retriever's attitude is also more determined.
Beijing, an operation room somewhere.
The battle to defend the 7 yuan has officially begun, and the exchange rate of the soft sister dollar to the US dollar has remained between 6.9-6.995.
The gap is 0.095, but the collision of long and short has resulted in an explosion of trading volume reaching trillions of soft coins.
7 yuan is a life and death barrier. You must hold on no matter what the price.
Because the exchange rate has exceeded 7 yuan, I am afraid that most speculators will choose to settle for safety.
After all, with the size of China's economy, it is obviously unrealistic to beat it to death with a stick.
It is their mission not to allow the other party to easily take away their wealth and flee.
But the opponent seems to have an endless supply of ammunition.
Liu Jian's face turned livid: "Let me find out which company is exchanging currency through illegal channels."
Trading in the foreign exchange market requires two funds, one in the domestic currency and one in the currency of other countries.
Taking the offshore soft currency US dollar foreign exchange market as an example, two types of currency funds, soft currency and US dollars, are needed.
Only with two currencies in hand can you continuously trade in the foreign exchange market and earn the difference from exchange rate fluctuations.
Speculators with small funds will not have such worries. The brokerage services are very good. They will actively help customers allocate funds and raise funds. Customers only need to pay a little interest, usually around 5-10%.
If you enter the market with 10,000 yuan, you will directly lose hundreds of yuan. Due to the high leverage, it often fluctuates by dozens or hundreds of percentage points, which makes investors ignore that the interest is obviously within the scope of usury.
Large funds must reserve their own currency, because the scale involved is too large and no securities firm can afford it.
For example, during the financial defense war in Hong Kong in 1998, could a small area and only a small reserve of U.S. dollar currency be able to withstand the Quantum Fund that was at its peak?
At that time, the pound, yen, Thai baht and ruble led by Soros won all four games, leading Wall Street speculators to sweep the global financial market. Finally, they set their sights on Hong Kong, but were dragged to death.
The financial battle between the two sides with huge disparity in power ended in victory, which obviously belongs to the category of fairy tales.
Unless there is a hidden force that is continuously providing aid dollars to support Hong Kong.
After that battle ended, Soros could not let go for a long time. As for the following twenty years, he continued to bet on China's economy.
Foreign exchange reserves are the top priority of any country, especially the hegemonic currency of the US dollar.
In order to avoid this situation from happening today, each person can only exchange for 50,000 U.S. dollars per year, or an equivalent amount in U.S. dollars. This restriction also applies to companies.
The Bank of China headquarters has a fund monitoring system, and there have been no large fund exchange transactions for U.S. dollars recently.
The funds flowing out of the A-share market in the last two days have not had time to flow into the international market.
Under such circumstances, international speculators still have a steady stream of soft currency reserves, indicating that some people are exchanging exchange rates through private channels.
The country is facing an economic crisis, and the behavior of capitalizing on the enemy must be recorded in a small book, and it will be liquidated in the future.
Look at the current fluctuations in the foreign exchange market.
6.950,
increased by 50 basis points,
They once again used more than 5 billion US dollars in reserves to push the exchange rate to 6.900.
The foreign exchange market gained temporary peace again, and the trend trended sideways.
Liu Jian knew that this was the calm before the storm.
Short sellers are gathering funds to prepare for the next wave of more violent attacks.
Liu Jian looked solemn and asked in a deep voice: "How many US dollars do we have in reserve?"
The assistant said: "There are still $30 billion."
Liu Jian said without hesitation: "Go and apply to the headquarters for a budget of 100 billion US dollars."
Their department originally had a usage quota of hundreds of billions of dollars, but today's battle situation was beyond imagination.
The US$70 billion reserve only lasted for more than three hours and was still consumed in a passive defense situation.
They dare not take the initiative because there is no good news. If the initiative fails, they will surely usher in a more violent counterattack.
If we want to hold on until the market closes at 11:30 tonight, there are still 12 hours left, and relying on the remaining US$30 billion in reserves is obviously unrealistic.
You must apply for hundreds of billions of dollars in defense funds from the headquarters in advance to prepare for emergencies.
Today is no different than it was then, with the vigorous development of the global Internet.
As a result, most speculators are aware of the existence of the foreign exchange market, and have heard stories about those who suddenly became rich in the foreign exchange market. There is also the unprecedented development of the brokerage industry, and you can enter the market with just one thousand soft coins.
The meticulous service of the brokerage even allows people who cannot read English fonts to participate in this bloody battlefield.
Indirectly leading to the possibility of an economic crisis in any country in the world, it will face pressure from speculators around the world.
China, in particular, not only has to face speculators from around the world, but also has to defend itself against investors from within.
With a population base of 1.4 billion, anything can happen in this country.
The law does not hold the public accountable. They can restrict large funds and liquidate large companies, but they cannot restrict small funds from entering the market and becoming accomplices.
The assistant went to prepare the application report and asked Liu Jian to sign for authorization.
Suddenly someone exclaimed: "Mr. Liu, the exchange rate has started to rise, and big funds are coming in to help."