Chapter 1108 [The sickle falls and the harvest begins]
Investors from all walks of life were confused when they saw this news. Most of the major stock forums and communication groups in the evening were discussing the sudden suspension of the circuit breaker mechanism, and various noisy voices were heard.
[Breaking news, the circuit breaker mechanism has been stopped!]
[Oh~~]
[How should I put it? This is another successful, large-scale, rare global sociological experiment with a high degree of participation...(funny.jpg)]
[It’s really Li Ke who steps on horseback to open the door for Li Ke. It’s so outrageous.]
[The stupid tricks are endless and the jokes are endless. It’s not so childish in any house. Can you be more childish?]
[The circuit breaker mechanism was established after the stock market crash last year. It was triggered four times just four days after it was implemented. It was previously said that the two-way floating of the RMB is conducive to the internationalization of the RMB. I am not a conspiracy theorist, but this logical relationship and picture
It’s so beautiful, I dare not look at it...]
[Oh my God, the circuit breaker has a trading volume of 80 billion a day. How much less stamp duty is collected? Hurry up and withdraw it... (Shiba Inu.jpg)]
[The SGX next door does not engage in circuit breaker, but instead greets people directly at the main board, which is also acceptable!]
[There are small and medium-sized boards, GEM, etc. Before implementation, you can test it on these boards. If there is no problem, can't you promote it to the main board? When writing a program, don't you have to test it before going online? Every game has internal testing
, a test and beta test, how about you, such a big thing comes up directly without deleting the public beta? Is there such a thing?]
[I think either the people in the village want to slap the face of those retail investors who begged grandpa and grandma to break the circuit breaker (there are really many such people who make money by praising themselves for being smart, and lose money by scolding the government for being incompetent), or the people in the village are really serious
Stupid ah ah ah ah...]
[The short side is like this. They first use the circuit breaker to hype, and then exaggerate the foreign exchange. You say the RMB is falling, but Big A has already adjusted it in advance, and the adjustment is very appropriate. The short side sees you opening low, and spends tens of billions to just pounce on it.
When it reaches -4%, Xiaosan will automatically follow, and then -5% and -7% will not work. Xiaosan will follow without thinking, and short sellers will simply not feel too comfortable.]
[Pessimistic expectations are somewhat self-fulfilling.]
[Teach me a lesson, isn’t it only 6 trillion...(Afraid.jpg)]
[First line: Thousands of stocks hit the limit to bid farewell to the old year. Second line: Everyone is burning money to welcome the new year. Horizontal comment: circuit breaker mechanism.]
["Historical Records·Biography of Meltdown": Meltdown was made to curb speculation. It was born in the fourth day and caused trouble in two cities and died.]
[You know historical records...(Shiba Inu.jpg)]
[Remember, no matter what sins you committed in your previous life, as long as you trade in A-shares in this life, it will be repaid.]
…
The circuit breaker mechanism that Big A had just implemented was stopped at the speed of light after four days of operation. At this time, there were even rumors that the village chief himself had taken the initiative to resign and was no longer in charge of work. It was rumored that an announcement would be made over the weekend.
Nowadays, all kinds of news are flying all over the sky, and it is difficult to distinguish between true and false.
Fang Hong's personal Weibo account is also very lively. The comment area of a recently published dynamic blog post generated a large number of today's comments.
In fact, he was also diving to watch. The outside world really wanted to see him comment critically on this matter, but he did not jump out and say anything.
Because I have no words to answer.
Moreover, the real situation is much more complicated than what most investors think. The reasons involve many interests of all parties, are intricate, and extremely complex. How can we explain it clearly in a few words?
The most important thing is, what can I do if I say it?
Besides, Fang Hong doesn't have the time at this moment. The foreign exchange market has to enter the preliminary harvesting stage. This is the key point.
Next is the SGX. Doing this well is more important than anything else. At this critical moment, it is unlikely that the SGX 50 index will break through in the short term, and it is inevitable to follow the decline. The 22 Galaxy concept stocks have already hit record highs.
No adjustments were made afterwards.
It is impossible for Fang Hong to continue to raise prices at this time and let some funds escape at this time, and then flee to Kairun? Isn't that an act of giving away money? When necessary, it is also necessary to kill the decline and let them cut fiercely at the low level.
…
The next day, Friday January 8th.
The A-share market opened on the last trading day of this week, and after the circuit breaker mechanism was suspended, the A-share market index rebounded by 1.97% today, closing at 3186.41 points.
The rebound of the stock market is also inseparable from the strengthening of the RMB offshore exchange rate market today. Today, the RMB exchange rate once appreciated by nearly 500 basis points, pulling the exchange rate below 6.65.
However, shortly after the stock market closed, the short army in the offshore exchange rate market began to counterattack frantically and regained its position, finally closing at 6.6830.
On the weekends and weekends, the news is that the country is also making targeted arrangements to lock out the outflow of RMB. During the two days of weekends and weekends, news came out that relevant parties will further crack down on renewal trade, false investments, underground banks and other news.
…
Monday, January 11th.
The army of short sellers continued their strong counterattack in the offshore exchange rate market, and the exchange rate once again fell below the 6.7 mark, depreciating by more than 200 basis points. Affected by this, the A-share market also jumped short and opened lower today.
At the same time, Fang Hong, who was in the trading room on the second floor of the villa, called Tian Jiayi and told him: "Today we can swing out the real sickle to harvest. Inform the traders below not to worry about it today and just throw the huge amount of dollars into the market."
, raising the offshore exchange rate by more than 1,000 basis points from the current 6.7 within the day, directly destroying all the advantages accumulated by short sellers in one fell swoop."
After a moment, Fang Hong added: "Oh, by the way, let me raise the overnight lending rate among banks in Hong Kong to an increase of more than 60%. When I release the news, I will not use the rumors of people familiar with the matter, but directly use Qunxing's
We made a public announcement in name and disclosed to the outside world that we have currently increased our holdings of more than 1.85 trillion yuan in the offshore market."
This move clearly told everyone that Qunxing was going to compete with RMB short-sellers and had almost wiped out all the RMB balances in the offshore market.
Tian Jiayi immediately went to make arrangements, and the foreign exchange market trading team immediately executed the latest instructions after receiving them.
At around 10:30 in the morning, the trading team of Qunxing Capital directly poured huge amounts of U.S. dollars into the market, using unparalleled strength to crush the offshore exchange rate. People who were watching the foreign exchange market soon discovered that the RMB in the offshore market
The exchange rate against the US dollar quickly rose by more than 600 basis points.
At this time, there is not much water left in the pool. As long as the RMB in the onshore market is firmly restrained from continuing large-scale outflows, the remaining water in the pool will almost be drained by the stars.
…
At around 11 o'clock, Stars Capital suddenly issued a blockbuster announcement, which was like a depth bomb being detonated, causing a huge shock to the entire capital market, especially the foreign exchange market.
The announcement stated that in the past month, Qunxing Capital has continued to increase its holdings of RMB in the offshore market, reaching a scale of more than 1.85 trillion.
As soon as this news came out, it was confirmed to be an official and authoritative announcement issued by Star Capital.
The capital market exploded instantly.
"Oh my God! The stars really participated and increased their holdings by 1.85 trillion. Doesn't that mean that the stars have almost wiped out all the RMB in the offshore market?" A private equity trader who was participating in the foreign exchange market game in Hong Kong saw this breaking news.
I feel extremely shocked.
But there was no room for hesitation at this moment, and he reacted very quickly. The moment he realized the seriousness of the problem, he felt a tingling sensation all over his body, as if a chill had hit him, because his plate was shorting the RMB.
Arbitrage is the group of people who fish in troubled waters and indirectly become the accomplices of short selling.
