At this moment, Fang Hong looked at the current market conditions of the SGX. He stared at the latest K-line trend of the SGX 50 Index and said: "After this round of turmoil in the foreign exchange market has passed, the adjustment of the SGX 50 Index will also follow.
End and continue to move upward, with the overall adjustment range controlled at around 10 percentage points. If market funds are slow to respond, let the stabilization fund raise a hand and guide funds to continue to do more."
Tian Jiayi nodded slightly: "Yes, okay."
In the last ten trading days at the end of the year, although the A-share market has not stopped falling and is still declining, there has been no panic plunge, let alone a tragic plunge like the circuit breaker at the beginning of the year.
This is actually a very important change. Many people know it now, especially some well-informed people. At this moment, Stars Capital once again launched a new round of competition with its opponents in the RMB offshore exchange rate market. This and
It was almost the same at the beginning of the year, but when something similar happened at the beginning of the year, the capital market was in turmoil and panic.
However, there is no recurrence of the panic at the beginning of the year. The big reason is that Qunxing Capital defeated the international short sellers in the foreign exchange market at the beginning of the year. Everyone knows that Qunxing Capital is now a big brother-level existence. With this giant in charge, it will definitely
We cannot easily follow the trend of overseas short-selling capital, nor can we easily bet on the market.
After all, many people followed the trend of shorting the RMB at the beginning of the year. As a result, they were ruthlessly strangled by Qunxing Capital. I don’t know how many funds were liquidated or shorted, and there were many incidents that went to the rooftops.
On the contrary, at that time, some funds from Star Capital had a lot of success. Now many funds are more inclined to Star Capital, but they still adhere to the principle of "helping whoever can win".
However, Fang Hong doesn't care about these wall-riding funds. They are now more inclined to Qunxing Capital. To a certain extent, it also shows that the current trend has been on his side from the beginning. This is also different from the time at the beginning of the year.
The place.
In fact, Fang Hong doesn't really need the funds from those who sit on the fence to help him pull the tiger's skin and raise the banner. He would rather hope that these people can follow the trend and go to the opposite side, because only in this way can they be harvested.
However, this group of people are very chicken thieves, and they don't let go of hawks when they don't see rabbits, so Fang Hong can only pinch his nose and forget it.
But it doesn’t matter. He expected that the gains from this battlefield would be limited. The highlight of 2017 was the encrypted digital currency market. Fang Hong had already begun to make arrangements to drive away the large-scale mainland funds that fled overseas to encrypted digital currency channels.
If they don’t jump into this pit, they will jump into the pit of encrypted digital currency. To take a step back, even if they successfully avoid the pit of encrypted digital currency, there will still be an even bigger epic sinkhole waiting for them. Then
Each pit is bigger than the other, and each pit is deeper than the other.
Even if Sun Monkey undergoes seventy-two transformations, he cannot escape from the Tathagata's palm.
…
On Wednesday, December 28, the offshore RMB exchange rate closed at around 6.97.
But just before 23:00 today, Bloomberg, a well-known financial data terminal, once again caused an oolong incident that the RMB "broke below 7". A piece of news that "the onshore RMB exchange rate fell below 7 against the U.S. dollar" caused shock and panic on the Internet.
According to sources, the onshore RMB broke through the psychological level of 7 against the US dollar, hitting a low of 7.0121 yuan, a new low since April 2008.
Less than half an hour after the news came out, the central government’s official Weibo issued an urgent clarification: The first domestic inter-bank foreign exchange transaction rate of RMB against the US dollar ran smoothly in the range of 6.9500 to 6.9666 yuan. However, some irresponsible media reported that “Onshore
The RMB against the U.S. dollar broke through the psychological barrier of 7 integer digits." We condemn this behavior and reserve the right to further pursue responsibility.
The news that the exchange rate of RMB against the U.S. dollar exceeded 7 was quickly confirmed to be an "own goal" incident. A researcher issued a research report overnight saying that the onshore transaction price did not exceed 7. The price of breaking 7 as mentioned by Bloomberg was just a quotation, and there was no transaction.
Not broken 7 in the actual sense.
However, anyone with a discerning eye knows how pale this argument is, and even insults people's IQ. If we follow this logic, if someone quotes 8, does it mean that if someone quotes 10, it will exceed 10?
Generally speaking, "breaking" refers to the actual transaction price. It is not nonsense to mention the quotation here.
There have been two oolong incidents in a row within a month. Anyone with some basic logical thinking skills should understand that someone is deliberately creating panic, and their motives are already obvious.
Two days later, on December 30, the offshore RMB exchange rate further depreciated to around 6.987, and breaking 7 seemed just around the corner.
At the same time, foreign exchange reserves continue to drain, and they are only one step away from falling below the US$3 trillion mark.
Panic in the market has also increased. Many people are worried that the rapid fall of the RMB below the psychological threshold of 7 yuan may form a vicious cycle of rapid depreciation of the exchange rate → strengthening of depreciation expectations → accelerated outflow of capital → continued depreciation of the exchange rate, leading to panic devaluation at the beginning of the year.
.
It is at this time that 2016 comes to an end and the new year officially begins on New Year's Day 2017. Many people in the investment circle begin to stare at Fang Hong's Weibo, because according to past practice, he should start the new year on
Posted a long post on Weibo on the first day.
However, this time it went beyond people's expectations. God K did not post a post on New Year's Day, and there was no movement on his personal Weibo account.
This has also triggered speculation among many people, and various analyzes have also appeared online.
In fact, those analysts on the Internet are as fierce as tigers in their analysis. Most of them are over-interpretations based on their own imagination. The real reason is that Fang Hong has forgotten this. There are many things going on recently and he has no time to post online on Weibo.
It's that simple, just simply forgotten, that's all.
But because he is an extraordinary giant, people outside do not think so, and are more willing to believe that there is some other hidden secret. Analysts are looking at some current events, but no one analyzes that God K may be just a simple person.
Forgot.
…
On January 4, just after the New Year's Day holiday, the foreign exchange market trading team under Star Capital received the latest instruction from Big BOSS and officially began to attack today.
People from all walks of life in the outside world and all funds in the market have seen a familiar scene in today's offshore RMB market.
The RMB overnight lending rate quickly soared by 18%. When many traders saw this situation, they almost unanimously recalled some scenes in early 2016. They couldn't help but exclaimed that this trick is happening again?
When players from all walks of life saw this scene, they all unanimously concluded that Qunxing Capital must be working hard at this moment, and they should not be too familiar with the method of this move.
Just as the overnight lending rate surged due to abnormal fluctuations, the RMB exchange rate almost stopped falling and rebounded simultaneously, rapidly appreciating 100 basis points.
As time went by, RMB overnight lending profits continued to soar, and soon exceeded 50%. However, the short sellers in the market directly triggered PTSD and gave up their weapons with little resistance. Even the operations of Qunxing Capital
The members of the trading team were all surprised. They were also preparing to have a mid-range confrontation with the short sellers today...
Unexpectedly, the opponent's board seemed to be strong, but it turned out that it was strong on the outside and weak on the inside. It was broken like paper. The fierce long-short battle that I imagined would break out today did not happen.
The reaction on the market is that the offshore RMB exchange rate has exploded to nearly a thousand basis points today, and has shown a unilateral appreciation trend all day long. During this period, it did not encounter any strong attacks from short sellers.
