Chapter 1101 [We have to clean up all the things we eat inside and outside]
Fang Hong does not need to personally raise the RMB exchange rate at all, because the army of short sellers rushing to buy RMB will also indirectly help him raise the RMB exchange rate.
The idea of short capital is to create panic through the collapse of the RMB in the offshore market and then drive the collapse of the RMB in the onshore market. If the RMB in the offshore market appreciates instead, then it is impossible to trigger panic in the onshore market.
When funds from all walks of life see that the RMB is so strong and is even soaring steadily, selling the RMB for US dollars at this time will result in a loss. It is clear from such a simple calculation that of course it is holding RMB, at least it is not selling at this moment. opportunity.
As long as the RMB in the onshore market does not trigger a panic run, short capital cannot achieve its goal of making a huge move. With the support of the country's trillions of foreign exchange reserves, the short army will not be able to shake it.
The outcome is nothing more than being locked up and beaten.
At this time, Tian Jiayi thought for a while and then looked at Fang Hong and asked, "Should we react now in terms of public opinion?"
Nowadays, no one dares to underestimate the power of Qunxing Capital in the capital market. It is no exaggeration to say that as long as an announcement is made suddenly at this time, or a rumor spreads that Qunxing Capital is strongly involved in the RMB and foreign exchange market, it will definitely It will trigger a huge shock in the market, at least in the short term.
Fang Hong sneered and then turned calm. He said slowly and calmly: "Don't be in a hurry. Let some of the eaters revel and dance for a while. When the time comes, we will close the net and beat the dogs together. The stars will be here today and tomorrow." The main growth point of annual profits will be achieved by cutting off their crops.”
It has to be said that Qunxing Capital is too big now. The ordinary small fish, shrimp and calami are really not enough to eat. If you want to continue to maintain a high growth rate of about 30% every year, you have to go to a certain extent. Relying on such a big event, one harvest can easily reach hundreds of billions or even trillions. Under normal circumstances, it is difficult to harvest a lot of wealth quickly.
Fang Hong said with a smile: "Unlike the Big A stock market, you don't have to worry too much about the foreign exchange market. You can just cut it hard with the sickle. The poor at the bottom will not be accidentally hurt here, and those who can play in the foreign exchange market are basically not poor."
Since the second half of this year, domestic capital has begun to flow out wildly, and there are even many colluders who cooperate with external short forces to short-sell their own countries. This is what Fang Hong calls those who take advantage of others.
There are also those funds that fled when the A-share market exploded for five consecutive years in August, and they even want to take the opportunity to make another profit. Naturally, Fang Hong will not show any mercy to them. People can get out, but wealth must be kept. Come down.
Fang Hong said to himself: "The vast majority of those engaged in finance in China have been exposed to Western-style education, and logically follow the rules of the game set by Western-style. In the eyes of this group of people, currency It is a commodity in itself, and exchanging RMB for foreign exchange is just for value-preserving products. In their eyes, currency has no national borders.”
"Because of this, they don't have any sense of moral guilt or guilt when transferring funds. They only think that this is a legal and compliant technical operation. Technology is not guilty? How can they say that they surrendered to the enemy and betrayed the country?"
Having said this, Fang Hong looked at Tian Jiayi and raised his hand and nodded his head: "In their minds, they only have inflation and deflation. They are afraid that inflation will dilute their currency purchasing power, and they are also afraid that when inflation comes, they will not be able to hold value-added assets to maintain and increase their value. , so this group of people was crazy, going offshore and then onshore, and then onshore and offshore again. They went out today and came back tomorrow, arbitraging back and forth and jumping back and forth."
Fang Hong added: "During this process, there are also a group of people who have mixed in and played tricks like keeping debts in the mainland and transferring assets overseas. In the end, the debts left on the mainland can only be paid by the whole country."
Tian Jiayi thoughtfully said: "Your efforts to promote the implementation of SGX are also a big factor, right? There is a saying in the current capital market that you cannot make money by investing in listed companies (secondary market), but you can definitely make money by listing a company. Money (primary market). There are always thousands of companies lining up for IPO. Most companies suddenly pay dividends before listing. Their pre-IPO performance suddenly surges in the short term. After listing, net profit suddenly drops sharply. The stock price begins to plummet and is cut in half again... …”
Fang Hongshun added: "In the end, it was discovered that the company boss had already moved away. This has almost become a standard process for dumping the debt burden in the mainland and transferring assets overseas."
Tian Jiayi couldn't help but sigh softly. She didn't quite understand what was going on here before. After being with Fang Hong for so long and whispering, her vision and cognition had changed drastically. She knew a lot that she didn't know before. Knowing the deep logic, some things that I didn't understand before are now suddenly clear to me.
Just say that the performance of listed companies suddenly increased sharply within one or two years before going public. Tian Jiayi didn't know it before, but now he knows very well how these people play.
The reason is that he borrowed several supply chain finance companies. Zhang San wanted the company to go public, so he asked Li Si to help him place an order for the company. However, Li Si did not really need these products, but after such an operation, the company's profits would be reduced. If it is high, then use the data generated by this supply chain to find a bank loan. The bank will see that there is nothing wrong, the indicators are in line with the requirements, and the due diligence is no problem, so it will lend money.
After getting the money, Zhang San began to beautify the company's statements, increase the company's profits, and then distribute dividends. The money the company so-called earned from supply chain partners on the company's books was actually bank loan funds.
But the bank loan must be repaid. As long as it can be guaranteed not to default, the game can continue, and the accounts in the supply chain must be balanced.
what to do?
Of course, as long as the company's IPO is successful, the funds raised after the company's listing will be used to repay the bank loan and continue to beautify the statements. Then the performance will immediately change, and the profits that were falsely increased before the listing will be successfully filled to complete the closed loop. Looking at the stock in his hand, it was worth less than toilet paper, with the words "Pure Leek Great Resentment" written on it.
This is the reason why the company's performance before the listing was so beautiful and the profits after the listing were soaring. After everything was done, it was discovered that the boss's nationality had been changed a long time ago. He had a fortune of hundreds of millions and was able to live freely overseas, leaving nothing behind. The stock and debt were dumped on the mainland, causing the domestic capital accumulation rate to remain stagnant or even declining.
In order to build a firewall to further isolate potential risks, some bosses will set up a trust fund outside and transfer all the assets in their name to the trust institution. Their wives are the initiators of the trust institution, and their children are the beneficiaries of the trust institution. If he declares personal bankruptcy again, he will not be able to recover any debts, and he will not be able to recover a penny.
Fang Hong said slowly: "If the meat is rotten in the pot, even if it loses its flavor, no matter what, the nutrients have not been lost. Now that I have reached this level and have this ability, I cannot tolerate these people who eat in and out and transfer wealth out of the country easily. , especially ill-gotten gains."
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