Chapter 1068 [As soon as the news came out, the foreign exchange market was shocked]
After the meeting with Luo Qingan, Fang Hong returned to the Jingxinju villa and began to think about the foreign exchange market.
Looking at it now, the exchange rate reform is imminent and has to be carried out. Fang Hong does not expect much change, so he can only acquiesce and carry out subsequent related matters based on this premise.
The cost of this exchange reform operation was somewhat high, and the series of linkage effects it triggered consumed a large amount of foreign exchange reserves. It took a trillion-level foreign exchange scale to stabilize the situation.
The international short-selling forces suffered a big blow last month. In the second half of the year, especially at the end of the year, it will definitely stir up troubles in the foreign exchange market.
There is one thing that Fang Hong does not need to think about. A new round of financial war will inevitably break out in the foreign exchange market in the second half of the year, and the stars will definitely not be able to sit back and watch. Another meaning of this meeting with Luo Qingan is that it will happen when the time comes.
If something unexpected happens, you have to come and help, and you can't take advantage of the situation to fish in troubled waters.
However, even if there is no greeting at this level, Fang Hong cannot stand idly by and watch this kind of thing. With the stars at their current height, it is impossible to watch from the other side. If it really reaches the point of urgency, he will definitely enter the scene when it is time to take action.
Regarding the competition with international short capital in the foreign exchange market in the second half of the year, Fang Hong is still confident. Star Capital's offshore funds are already extremely strong, and it can be said to be well-equipped to deal with this foreign exchange war.
Moreover, Fang Hong is also very aware that his opponent actually has some sutras that are difficult to recite, and he also has a lot of fear in them. He does not dare to completely let go of his hands and feet to do things. Even in terms of operational difficulty, it is not inferior to Fang Hong at all.
Because they have one problem that they must worry about, that is, once the big eastern country completely loses the financial war, tens of millions of people may immediately be mobilized to prepare for war.
When you haven't lost, you have a lot of worries. If you lose completely, you have nothing to worry about. After all, you are barefoot and you are worried about wearing shoes?
Lost the financial war, but the industrial and military capabilities have no substantial impact. These capabilities actually exist. If the "Wuchang Copy" is cleared, if the table is turned over in anger, thousands of dollars will be lost.
Thousands of people were mobilized to prepare for the war, and this scene alone could make the entire Blue Star tremble.
The international short-selling forces are also very aware of this, and this is what they are most afraid of. Returning to the Stone Age is not the outcome they want.
Therefore, it is very difficult and embarrassing for them, that is, they cannot allow the great Eastern countries to collapse, otherwise they will not get any good results if their mentality collapses and they just flip the table. However, they cannot allow the great Eastern countries to develop, and they must fight without breaking.
, which requires extreme micro-management.
The master who showed off micro-manipulation last time couldn't help but give a thumbs up.
To carry out extreme micro-management means a very low error tolerance rate. If you make a slight operation mistake, you may lose. What's more, there is Fang Hong here in the big eastern country. With the existence of Qunxing Capital, he has suffered from this opponent several times.
Deflated, if he makes a mistake and gets caught, he will lose miserably.
Facing such an opponent, they still cannot completely let go. Looking at this matter from the perspective of international short forces, it is actually quite difficult for them.
As the saying goes, every family has sutras that are difficult to recite.
…
The time has come for Monday, August 10th.
Fang Hong is also paying attention to the trends of the stock market and foreign exchange market. Not surprisingly, tomorrow is the day when news on the exchange reform will be released.
Today's A-share market went very strong, breaking through the recent shock zone. The index opened more than 1 point higher, and then showed a unilateral upward trend throughout the day.
The two cities showed a general rise, and 22 stocks under Qunxingxing once again collectively hit the daily limit. More than half of the stocks were just one step away from hitting a record high. For example, Quantitative Capital hit the daily limit today, with the stock price at 89.08 yuan, with a market value of 1.2454 billion.
It only needs to rise by about 6.8 percentage points to break through the price of 95.14 yuan and hit a record high.
Since the catastrophic market reached its lowest point of 44.04 yuan, the cumulative increase in quantitative capital has reached 102.27%, doubling. Basically, the 22 stocks under the Group have doubled or are about to double.
Investors from all walks of life in the two cities of Big A never expected that the back of the galaxy would be so strong. Looking back now, it was an epic gold pit that cut it in half before.
Who would have thought that other votes would rebound, but these votes in the galaxy would directly reverse.
Looking at this situation, it seems that they are rushing to hit a new record high. They all thought that the historical high point in June, even if it is a high-quality target, may not be able to break through in two or three years. As a result, these stocks of Galaxy are about to hit it.
It has reached a new all-time high, and such a trend has made countless short-timers slap their thighs with regret.
After today's close, the Shanghai Stock Exchange Index also rose sharply by 4.92%. It closed at 3928.42 points after the market closed, and is very close to the 4000-point mark.
…
The next day, Tuesday, August 11th.
After breakfast, Tian Jiayi was about to go to the headquarters of Qunxing Capital. Fang Hong immediately stopped her and ordered: "Inform the trading team below to stabilize the stock market today. The foreign exchange market will not move for the time being and wait for my arrangements."
Tian Jiayi nodded: "Yes, okay."
The beautiful assistant went to work in the company, and Fang Hong also came to the study room on the second floor of the villa and immediately turned on the computer.
After the opening of the A-share market, the two cities showed a wide range of fluctuations as a whole. The market index fluctuated back and forth between 3900 points and 3950 points. This was obviously the result of large funds protecting the market.
At noon, a piece of heavy news from Yangma shocked the domestic and foreign capital markets.
The central bank announced adjustments to the central parity quotation mechanism for the RMB to U.S. dollar exchange rate. Market makers refer to the closing exchange rate of the interbank foreign exchange market on the previous day to provide the central parity quotation to the foreign exchange trading center.
As soon as this news came out, it was like thunder exploding in the clear sky in the domestic and foreign capital markets, and the stock market fell immediately. However, there were super main players to control the market, and there was still a lot of liquidity injected by Qunxing Capital as planned, and investors did not have much hope.
In response, the stock market as a whole has stabilized.
But the foreign exchange market next door can be said to have staged a "foreign exchange disaster". As soon as the news came out, the RMB exchange rate plummeted and plummeted by more than a thousand basis points. In particular, the offshore RMB exchange rate against the US dollar plummeted from 6.2134 to
At the highest water level of 6.4353, the maximum depreciation rate during the day reached 3.57 percentage points.
Many people engaged in the foreign trade industry are confused. It is equivalent to saying that 100 million yuan in hand has shrunk by 3.57 million yuan. 1 billion yuan will directly shrink by 35.7 million yuan in one day, and the company's profit is only a few points.
Who can withstand this good guy losing so much value at once...
Violent fluctuations have also created huge room for arbitrage. Players from all walks of life have also stepped out to engage in fierce financial games, further amplifying the volatility of the exchange rate market.
Many people were caught off guard. In fact, in the past five years, the RMB has continued to face appreciation pressure, and was once about to break through and enter the era of 5. However, with the slowdown in economic growth and the pain of industrial transformation and upgrading in recent years, coupled with the
The exchange rate has continued to appreciate unilaterally for many years, and the market has always predicted that the RMB exchange rate will fall. Especially the continued decline in foreign exchange outstanding this year also indicates the sluggish demand for the RMB, and there is obvious depreciation pressure.
But the entire market did not expect that the central government would launch the exchange reform in such a direct way, giving people a sense of "knowing me and blaming me, it is only the Spring and Autumn Period". Regardless of what the world said, I did it myself.
