Chapter 1110 [The sickle falls and the harvest begins]
Investors from all walks of life were confused when they saw the news. Almost all major stock forums and communication groups at night were discussing the sudden suspension of the circuit breaker mechanism, and all kinds of noisy voices were heard.
[Breaking news, the circuit breaker mechanism has been stopped! ]
[Oh~~]
[how to say? This is another successful, large-scale, rare global sociological experiment with a high degree of participation...(funny.jpg)]
[It’s really Li Ke who stepped 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 such a joke at any other house. Can you be more playful? ]
[The circuit breaker mechanism was established after last year’s stock market crash. It was broken 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? Please withdraw it quickly... (Shiba Inu.jpg)]
[The SGX next door does not engage in circuit breaker, but instead greets directly on the main board when it comes up, which is also convincing! ]
[There are small and medium-sized boards and GEM boards. You can test it on these boards before implementation. 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 putting it online? Every game has internal testing, alpha testing, and beta testing. How about you, if such a big thing comes up, you won’t delete files for public testing? 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 partly self-fulfilling. ]
[Teach me a lesson, isn’t it only 6 trillion...(Afraid.jpg)]
[First line: Thousands of stocks fell to the limit and bid farewell to the old year. Second line: Everyone is burning money to welcome the New Year. Horizontal batch: circuit breaker mechanism. ]
["Historical Records·Biography of Meltdown": Meltdown was made to curb speculation. It was born on the fourth day and caused great trouble in the two cities and died. ]
[You know historical records...(Shiba Inu.jpg)]
[Remember, no matter what sins you committed in your previous life, it will be paid off as long as you trade in A-shares in this life. ]
…
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 sharply on this matter, but he did not jump out and say anything.
Because I am speechless.
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 complicated. How can we explain it clearly in a few words?
The most important thing is, what can I do if I say it?
Moreover, 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.
The second 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. There is no adjustment 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 Kairun? Isn't that an act of giving money? When necessary, they should also kill the opponent and let them cut fiercely at the low position.
…
The next day, Friday January 8th.
The A-share market opened on the last trading day of this week. After the circuit breaker mechanism was suspended, in today's A-share market, the market index rebounded by +1.97% and closed 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, not long after the stock market closed, the short army in the offshore exchange rate market began to counterattack wildly 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 renewed trade, false investments, underground banks, etc.
…
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 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 the real sickle out 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 ignore the rumors of insiders and directly use the stars. Public announcements were made in the name of the company, disclosing 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 wanted to compete with each other's short-sellers of the RMB, and it 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. Those who stared at 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 in Hong Kong who was participating in the foreign exchange market game 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.
…
