The Son of Finance of the Great Age

  Chapter 1023 A blow to the head (5)

If the renminbi’s surge this day is due to the central bank’s increase in the overnight RMB lending rate in the offshore market, but in the next four trading days, the renminbi continued to rise despite the fact that the central bank’s traders did not make any moves. It can all be explained clearly.

On the 27th, the offshore RMB exchange rate rose by 140 basis points, or 0.22%; on the 28th, the offshore RMB rose by 166 basis points, or 0.26%; on the 31st, it rose by 185 basis points, or 0.29%; on September 1, it rose by 252 basis points, or 0.39%.

   The RMB has risen for five consecutive trading days, with a cumulative increase of 1.43%. Not only is it far away from the red line of 6.5, but it is only one step away from crossing the line of 6.4 and returning to the range of 6.3.

   Don't underestimate the 1.43 percentage point increase. If this kind of fluctuation occurs within one trading day, it will be enough to cause heavy losses to institutions that go in the wrong direction. A leverage of 50 times means a loss of more than 70%, and a leverage of 100 times means liquidation, and such leverage is very common in the foreign exchange market.

  This kind of increase not only puzzled the traders of the central bank, but also stunned some people with ulterior motives.

"you sure?"

In a private tea house outside the Third Ring Road of Yanjing, Li Bin brought the teacup to his mouth, put it down again when he heard the words, and asked with two thick black eyebrows, "In the past few days, you really have nothing Do it?"

   "It's true!"

   Sitting opposite Li Bin was a thin young man, aged between 20 and 30 years old, his face was horribly pale due to long-term lack of exercise. At this time, he picked up a cup of tea, poured it all in as soon as he raised his head, wiped his mouth, and then continued, "If you don't believe it, you can ask someone to verify it, and you will know whether what I said is reliable. In the past few days That kid surnamed Zhong didn't move at all, I just can't figure out why the exchange rate has risen so much."

   "This is strange, the exchange rate has risen without doing anything?"

Li Bin tapped on the table, and said thoughtfully, "Could it be that the international short sellers retreated automatically when they heard the news of his sitting in town? This is obviously unlikely. But if it is not the case, why does this kid not do anything?" It can rise, this...what the **** is going on?"

   "I said Assistant Li, don't think so much, isn't it a good thing to go up?"

The young man picked up a piece of snack, gulped it down, and then squinted his eyes and said, "You don't need to spend a penny of the country's foreign exchange. You can't find such a good thing with a lantern. By the way, Li Assistant, why are you asking this question?"

"this…"

   Li Bin was startled suddenly, and suddenly woke up from his contemplation, and immediately explained with a smirk, "Actually, I have selfish intentions for asking this, and I am really embarrassed to say it, haha."

He made a haha, originally he didn't want to continue talking, but when he saw the persevering eyes of the other party, he had no choice but to say: "Speaking of my position as an assistant, I am a bit out of control. Although I do It's the job of the vice president, but I don't have the title of vice president, which is a bit embarrassing. So I have to learn more in this limited time, and I will be promoted in the future, right?"

   "I presided over the rescue work before. Although I achieved a little success, you can see what's going on now."

He rubbed his hands, with an embarrassed look on his face, "I can't prove myself with that grade alone, so I have to find another way. Although Zhong Shi is in charge of the work this time, if I can Even a little bit of what he learned from him may be used in actual work in the future, and it may become the capital for my future promotion."

   "So it is."

Regarding Li Bin's explanation, the trader didn't go too deep into it, just nodded silently, "But Assistant Li, Zhong Shi is cunning. Don't talk about you, even those of us who are with him on weekdays, I can't figure out what's on his mind. I see, it's difficult, it's really too difficult to get something out of him. But it's okay, it's not bad to make us do it all day long, no It’s not like doing it, this kind of life is really too difficult.”

   "By the way, I'm full, thank you for your hospitality."

   Just as Li Bin was explaining on his own, the trader had already wiped out all the pastries and snacks on the table. Patting his swollen stomach, he smiled and said to Li Bin, "If there is nothing else, I will go first. After these things are over, I will make a complete strategy report to you, and then we will see what happened to Zhong Shi." How it works."

   "Okay, then it's a deal!"

   Li Bin, who was feeling uneasy, felt relieved when he heard his words, and said with a smile, "Okay, you can go about your business."

  As the assistant to the governor of the central bank, if he wants to be promoted, he must be approved by President Jin. For this reason, Li Bin has to do something, at least that's what the trader thinks.

   It's just that he didn't expect it, Li Bin has long been corrupted and degenerated, and has become one of the senior compradors of foreign-funded institutions in China. In addition to colluding with foreign hedge funds, he also colluded with Xu Fei and others. What he said today will soon be leaked by Li Bin to foreign hedge funds.

  As soon as the trader left, Li Bin couldn't wait to dial the satellite phone.

   "Dear Li, you finally called!"

As soon as the phone was connected, a hoarse male voice came from the other side, and he said in fluent British English, "Thank God, I finally waited for your news. Li, all this is caused by Huaxia's central bank. ?"

   "Carl, how is the situation there?"

  Li Bin frowned, and asked without answering, "What happened? Why did your voice become so strange?"

   "Losing close to half of my position, I was almost fired by my boss!"

When the man named Carl heard this, he immediately poured out bitterly, "Originally, according to our strategy, the RMB should be dropped to around 6.6 within this week. My positions lost half their value in thin air during the day, and if this had happened in one day, I'd have gone bankrupt. God, this is horrible!"

  He still has lingering fears about what happened in these five trading days.

  According to their plan, they will stop after making 50% profit within five days. But at the very moment when they were aggressively increasing their positions, the RMB suddenly rose, and it rose for five consecutive days. If they hadn't adjusted their positions in time on the third day, they would have been liquidated by now.

  After studying the fundamentals and related news over and over again, these people are still puzzled, and can only attribute this abnormality to the intervention of the Central Bank of China.

   "I said Karl, you are wrong this time, and you are very wrong!"

   Li Bin said seriously, "As far as I know, the Central Bank of Huaxia didn't make a move this time, and it didn't even buy a dollar. You haven't thought about it, have you?"

   "What, how is this possible?"

Carl on the other end of the phone could hardly believe his ears, and after asking again and again, he exclaimed, "Oh, my lord, what is going on? How could it be that the Central Bank of China did it? No one can tell me what's going on here?"

   "Whether it's your Lord or any other god, I'm afraid they won't tell you what's going on."

For Carl's possible behavior, Li Bin, who has long been aware of Karl's possible behavior, is not surprised. He just showed a narrow smile and joked, "But I have an answer, which may be closer to the truth. I just don't know if you want it or not." listen?"

   "Listen, of course I want to hear it!"

  Carl said without hesitation, "If we don't know what's going on, we won't know what to do next. So Li, if you have any relevant news, you must tell us!"

   "It is not impossible to tell you, but this news is not free, and the price may be more expensive."

Li Bin, who had already confirmed that Carl was playing with his hands, now had a bigger smile on his face, "Of course, I can't guarantee the authenticity of this news. If you think this news is worthless, then just pretend I didn't say it." Pass."

   "Half a million euros!"

Hearing such words, Karl didn't understand what the other party was thinking, and immediately offered a price without hesitation, "The price is five times higher than the usual news, I believe this price should satisfy you, right? Li, Considering our previous cooperation, is this price enough to express our sincerity?"

   "My God, how many positions have you accumulated in the RMB market?"

In normal transactions, these hedge fund guys are generally only willing to pay 100,000 euros, which is the most amount. Sometimes they are only willing to pay 50,000 euros for some unimportant news, and they are all after hearing the news Only bid. Now without waiting for Li Bin to tell the news, they offered a high price of 500,000 euros. This made Li Bin realize a problem, that is, these guys bet heavily on the foreign exchange market.

"this…"

   After hesitating for a while, Karl finally said nothing, "Don't worry about it, tell me your news!"

   "Perhaps you don't know yet, the person in charge of the foreign exchange business is Zhong Shi. Yes, it is the Zhong Shi you know."

Li Bin was not worried that the other party would not pay, and immediately said in a low voice, "However, in the past five days, he did not use foreign exchange reserves. The initial rise may be due to the overnight interest rate, but it is not the case in the later period. I personally think the biggest The most likely possibility is that Zhongshi’s Tianyu Fund got involved.”

"This is how the same thing?"

  Carl was a little confused about the situation, "You mean the current rise is due to the intervention of Tianyu Fund?"

   "You don't understand this?"

Li Bin was taken aback for a moment, but then he realized that it is indeed difficult for foreigners to understand the tricks, and he explained patiently, "Zhong Shi's idea is that they bought long positions in RMB in the offshore market in advance. Then wait until the right time for the central bank to take action, and then they will be able to get the corresponding profits in a grandiose manner."

"If I'm not wrong, they should have accumulated a large amount in the spot market. When Zhong Shi, who is in charge, makes a move, they will ship together in the two markets, and at least they will be able to make tens of billions of profits. The renminbi has returned to its original level, and he has made a large profit, his calculations are too shrewd."

   Speaking of this, he couldn't help sneering.

   What Li Bin said is indeed a possibility, but he completely judges the belly of a gentleman with the heart of a villain. This matter is not limited to the employees of Tianyu Fund, even Jiang Shan, who has the closest relationship with Zhong Shi on weekdays, does not know that Zhong Shi has already handled foreign exchange affairs at the central bank, let alone cooperating with Zhong Shi inside and outside.

   "Then...then what to do?"

  Carl was a little confused, and he thought for a long time before he understood, but another problem arose, "If we only talk about financial resources, I'm afraid the dozen or so of us are no match for Tianyu Fund. Could it be that we just admit defeat and leave?"

   "Hey, why are you so stupid?"

Seeing that the other party still didn't understand, Li Bin couldn't help feeling a little annoyed, and immediately reprimanded the other party unceremoniously, "Don't you guys spread this news, so that Tianyu Fund and Zhong Shi have an interest relationship, and he will not be good at that time They used the country’s money to transfer benefits to their own funds, so the RMB exchange rate naturally fell in response.”

   "And as long as Zhong Shi is in power for a day, the interest relationship is unclear, and the RMB exchange rate may fall."

  He continued to add, "I'm afraid you will wake up from your dreams when you make money!"

   Thank you Crab for reading books, cpower, making me think, drawing a knife to cut off oil, and voting for the monthly ticket with affection and tenderness! Thanks for the reward from the Starry Sky Network! Thanks for the recommendation tickets from the scumbag who wants to be a top student, ←_dust in the wind_→, Tairan 0820, and overlooking the starry sky! Thank you very much for your support, I hope more book lovers can pay attention to and support this book, thank you~

  (end of this chapter)