Chapter 1113 [Security factor improved, security budget doubled]
The next day, Wednesday, January 13th.
The foreign exchange market appreciated slightly by 70 basis points today, but today the A-share market fell sharply again and fell below the 3,000-point mark. It fell -2.42% today and closed at 2,949.60 points, setting a new low in the first year.
The NSE 50 Index also fell sharply today, falling -2.81% after the market closed at 826.66 points, which was also a record low since the market opened.
The logic of the stock market's decline has not changed. Big funds are continuing to cut their flesh, and they have no choice but to close their positions in tears and go to the capital market in the foreign exchange market to survive. Moreover, they have to do so even though they know that they are giving away money, otherwise they may be chased by financial institutions. Gotta use a sewing machine.
They had no choice but to miss the best escape window.
There is a large amount of funds to cover the position, and the amount is still increasing. Even if they do not cut it, but they owe money, financial institutions will apply to freeze the assets in their names, and those who hold stock assets in their names will Those who want to close their positions must still close their positions.
They may be able to run away, but at this juncture it is impossible to transfer the assets immediately, not to mention that people are not that easy to run away.
As for those capital markets that have suffered a loss, the current situation has reached a point where it is not that they can stop the loss if they want to, but that it depends on how much Fang Hong wants them to lose.
There is no doubt that Fang Hong does not want them to lose a lot of money, but wants them to go bankrupt. Those who did not get into this net or escaped by luck will be considered lucky. As for those who did not escape, they will be counted as one.
Fang Hong would not have any idea of showing mercy to these people.
What's more, the main growth point of Stars Capital's performance this year will be achieved by cutting off this sickle.
In the evening, the external market plummeted, and the three major North American stock indexes fell across the board, and a big negative line poured down to further reach new lows at the beginning of the year.
The external market has plunged to new lows. One of the important factors is that international short capital has suffered setbacks in the RMB offshore exchange rate market. Not only has it failed to achieve the expected results, but it has frequently failed, leading to further losses.
A few days passed, and the negative impact was finally transmitted to the North American capital market. The relationship between these international short capitals and the external market can be said to be broken bones and connected tendons.
Some international short-selling institutions are also increasing their positions. Unless they admit defeat, once they admit defeat, the current floating losses will become real losses.
But judging from the current situation, it is obviously impossible to give up so easily and cannot accept it.
But then they have to face a difficult reality, and the reality is to add ammunition. The result is that some people have to cash out from US stocks to mobilize funds. This is also consistent with the logic of the A-share crash to a certain extent. Similarity.
The difference is that the international short capital is raising money to counterattack, while the funds cashed out by Big A are entirely to extend their lives, and it is more like losing money to save their lives.
…
The next day, Thursday, January 14th.
In today's foreign exchange market, international short capital increased their bets and made a counterattack. The offshore RMB exchange rate fell back to 6.6246, a depreciation of more than 500 basis points.
This has given a glimmer of light to those in the Mainland who are trying to rip things off. They want the RMB to depreciate more quickly than anyone else. It is best to depreciate it sharply, so that they have the possibility of a comeback.
However, they soon fell into despair again, because the offshore exchange rate of the RMB did not continue to depreciate. Instead, it rebounded by about half in the second half, and finally closed at the 6.6002 level.
At the same time, today's RMB overnight lending rate in Hong Kong soared to +129% the day before yesterday and did not continue to surge upward. Today it has fallen back to +102%. Although it has fallen back, it still maintains a doubling trend. Even if this interest rate level is further cut to 50% That's just as unbearable.
Just four days ago, the overnight lending rate was still at 4%. Today, it has remained more than doubled for three consecutive days. That is not a life-threatening rhythm.
…
New town, meditation villa.
Tian Jiayi, who came back from the company, was reporting to Fang Hong at the moment: "The overnight RMB lending rate in Hong Kong has remained above 100% for three consecutive days. During these three days, short sellers have been littered with corpses. According to reliable information received, There have been hundreds of large and small fund orders in mainland China and Hong Kong that have either been liquidated or liquidated, and of course international short capital has also suffered heavy losses."
Obviously, when Fang Hong’s sickle is cut, the short-sellers who have fallen are the gangs of predators. The international short-seller army has not yet fallen and is still fighting back. Relatively speaking, the international short-seller army has more capital and is not so easy to fall. I don't want to admit defeat.
After a while, Tian Jiayi added: "Hart, who danced very happily before, is now losing money and vomiting blood. His Focus Fund has lost all the money he made last year."
Fang Hong couldn't help but smile: "I wonder why this guy hasn't made any noise recently. Don't worry, take care of those gangsters first, and then come back to take care of them later. Drive a Rolls-Royce in, and at most let them bring a steering wheel with them when they leave." When we go back, it’s just a steering wheel, not even one more screw.”
Tian Jiayi added: "There have been news reports in the past two days. Some people jumped into the river, and some people jumped from the rooftop. The deceased were all private equity traders engaged in the financial investment industry, mainly in the foreign exchange market."
After hearing this, Fang Hong thought deeply for a moment, and then ordered: "The company's security factor should be raised to a higher level, especially for important senior executives. Their security protection should be further improved, and the relevant security budget should be increased. Let’s double it, and the families of important people should send people to protect them secretly.”
Fang Hong turned to look at Tian Jiayi and added: "Especially the front-line trading team, I mainly tell them to be honest and low-key, don't beep blindly, don't be fooled one day, I think they will know it well. "
The numbers, one positive and one negative, never lie, but can kill people. The front side blooms brightly, and the back side flows with blood.
This invisible war is actually a cruel fight to the death. The winner takes all, while the loser loses everything and even loses his life. People who jump from rivers and buildings are already happening.
For Fang Hong at this time, it can be said that the situation was very good, but he did not take it lightly, and he also knew that there were more people who wanted his life.
After all, in the eyes of the enemy, as long as he can evaporate from the world, many things and obstacles will quickly disappear. However, this is the last resort and may create an uncontrollable trap, but it is undeniable that it is also the most direct and effective.
The enemy is not allowed to jump over the wall in a hurry, and a defensive move will not make a mistake.
Fang Hong rarely appears in public. To a certain extent, this is also due to personal safety considerations. He tries not to appear offline. It is safer to talk about anything on the Internet.
Now even if Fang Hong makes a mistake, a large number of people below him will pay more attention to his personal safety than he does, because he cannot make any mistakes.
Fang Hong also knows this, and he will naturally not let himself be put in danger. This is not only irresponsible to himself, but also irresponsible to the entire galaxy. Now Fang Hong says that he has a It is no exaggeration to say that the relationship is huge.
Finally, after thinking for a moment, Fang Hong turned around and said: "The people who ate in and out have almost finished cleaning up, and they can't escape. Starting from tomorrow, the overnight lending rate of RMB in Hong Kong will drop in an orderly manner, and at the same time, it will be appropriate." to release some supply of RMB into the market."
Tian Jiayi nodded: "Yes, okay."
Fang Hong also has to consider the development of the real economy and normal cross-border trade activities. Maintaining such a high overnight lending rate in the financial market for a long time also has side effects.
The group of speculators who are being hunted are basically in a state of holding on to their positions and waiting to die. They can already bankrupt them. They can't afford to pay back if they continue to do so. Even if they owe hundreds or hundreds of billions, they will lose themselves. You can’t get the money out of it even if you sell it, so there’s no need to continue to maintain it.
As for international short capital, Qunxing has almost a monopoly on the RMB in the offshore market, and the initiative is in its own hands.
As long as they can't get enough RMB to sell in the offshore market, they can win steadily by stalling for time. Their capital costs will continue to accumulate as time goes by, and they will also be able to bear the accumulated capital costs over time. They can't hold it back until they can no longer bear it, which is when they collapse.
…
