Rebirth: The Financial Giant Chapter 178

This so-called "Oolong" incident has aroused concern in the market after all, because people believe that there is no wind and no waves, especially when combined with the news that the US dollar will raise interest rates, it seems to be mixed into a powerful medicine.

The renminbi is still down today and has started to enter a downtrend.

And Lu Ming is very good at copying the bottom. He doesn't know and doesn't care who is selling short in the offshore market. Anyway, it's just one action: no brains to scan the goods, no brains to go long!

What is certain is that the short army of international hot money is the main force, and it is not ruled out that some domestic capital that has already come out trying to get a piece of the pie through the devaluation of the renminbi will also go short.

However, they must not have realized the seriousness of the problem, and the fate they were waiting for was to be harvested by Lu Ming.

December 12.

A heavy news caused an uproar in the global capital market, and the Federal Reserve is expected to raise interest rates for the last time in 2017.

The emergence of this news made the US dollar interest rate hike expectations, which were thought to have been digested by major capital markets around the world, strengthened unprecedentedly that day, and the market suffered another setback.

The domestic stock market plunged in response, and it fell sharply today. There were rumors that the management was going to dismantle the leverage, which was already a major negative for the market, and another big negative for the external market.

Big A just lay down and didn't want to beep for you.

And this news is that the dollar index continues to rise, on the contrary, the renminbi continues to fall, and once again broke through 6.9, which is about to approach the key integer mark of 7.

Today, Lu Ming took another shot and directly ordered Qiwei to spend 8 billion US dollars in liquidity to buy long RMB in the offshore market.

There is still $40.5 billion in liquidity on hand.

A fierce offensive and defensive battle broke out between the long and short sides at the water level of around 6.95.

December 28.

New Year's Day is approaching, and there are still three days of vacation time.

Throughout December, the general public in China was eating melons, chasing dramas, and watching the gossip news in the entertainment industry.

But what most people don't know is that just this month at the end of the year, the RMB offshore market is engaged in a protracted long-short war, the core of which is the fierce attack and defense around the exchange rate breaking 7.

Although both sides of the fight can't see the opponent, they are unambiguous in the shot. The huge amount of money invested by both sides is real money, and they are all invested in units of 100 million US dollars.

As of yesterday, Lu Ming has undertaken more than 300 billion yuan of short-selling funds in the offshore market, and the competition between the two sides seems to be in a fever.

Yesterday's RMB offshore exchange rate fell to a new low, the lowest fell to the 6.9632 water level, breaking 7 is almost in sight.

The general public and general retail investors cannot feel this fierce currency war, and all kinds of funds at home and abroad are paying close attention, especially hot money and speculative capital, but they have long realized that the foreign exchange market is in a turbulent moment.

There are those who worry about it, and those who gloat with bad intentions.

This invisible currency war has already started with the first shot of the two sides, and has been fighting for nearly two months.

Yang's mother has urgently deployed the "reserve force" to be ready offshore, and prepared for the worst, that is, when the offshore liquidity on Lu Ming's side is completely exhausted, it can be topped up. This time, Yang's mother directly used 300 yuan. billions of dollars in foreign exchange reserves ready at any time.

Lu Ming still has $37.95 billion in liquidity in his hands, and he has already knocked out $43.05 billion in it.

The scale of international hot money and speculative capital is the same. They are not short of US dollars, and even several times of Lu Ming's disposable liquidity. What they lack is RMB. Nothing to talk about.

And this point, Yang Ma has already figured out the key points from the last fight, so at the same time, the relevant domestic departments further strictly control the major channels of capital outflow and lock in liquidity in all directions. The key to this battle is not to have How many bullets, but rather the mobility.

At about 13:55 this afternoon, the US media Bloomberg published a news report saying that data showed that the exchange rate of the RMB against the US dollar broke through the 7-digit integer level, and the lowest touched the 7.0121 water level.

The news was like a bolt of lightning piercing the winter sky.

Big A jumped into the water, and the offshore exchange rate of the RMB rapidly further depreciated from 6.9632. It fell to the water level of 6.9796 during the session, and it was in danger of breaking 7. While the decline continued, Tiansheng Capital's offshore funds entered the market in a frenzied consumption flow. Sex, smashed $8.7 billion in, leaving $29.25 billion in liquidity.

However, the offshore exchange rate did not hit a new low after reaching the 6.9796 level. If it hadn't started to rise, Bureau Wang would have called Lu Ming's office.

At the same time, as the offshore exchange rate did not continue to hit a new low in the intraday, Big A also stopped falling and rebounded. Obviously, some domestic funds that are chasing profit are really pressing the button at any time, and then they are ready to run away.

On the same day, the offshore exchange rate returned to the water level of 6.9709, once again holding the integer mark of 7, and it has not broken 7 so far!

There was renewed panic today with news from Bloomberg, which soon turned out to be another oolong incident.

There were two oolong incidents in a month, which forced various funds to generate more ideas, but at the same time, the days of various international short funds were not easy.

They have been dragged on this battlefield for far too long.

Located in a star hotel in Singapore.

Several middle-aged men with white faces from the West gathered in a room, and they were one of the short-sellers who directly participated in the short-selling of the RMB this time. At this moment, their expressions were quite solemn.

"Damn it! It's not the way to go on like this. It has been more than 55 trading days, and so far, the integer 7 has not been broken down."

"Through strong intervention in the financial capital market, our opponents have curbed the outflow of funds and led to signs of a shortage of RMB in the market. The 150 billion RMB deposits in Singapore have been borrowed, and we can't borrow more RMB, and the situation seems to be happening again. The last squeeze, God, it was a horror story!"

"The upward momentum of the US dollar index is also showing signs of slowing down. UU reading www.uukanshu.com everyone, the situation is not good!"

"I have a vague feeling that the same mistakes will be repeated this time... Damn!"

At this time, the international hot money from all walks of life is actually miserable. If it weren't for the remote support of the Federal Reserve, these profit-seeking and selfish capital would have been rushing away long ago.

It's really bad right now, it's really been delayed for too long.

The long-awaited breakthrough of 7 integer digits has not been captured, and even the hot money speculative capital that originally wanted to flow out of the country with them has been strangled.

The sharp drop in the outflow of funds, coupled with the fact that Lu Ming, who was mistaken for the "regular army of Yangma", took over in the offshore market, the renminbi has always been firmly nailed to the water level below 7.

But just retreating like this, I'm really not reconciled, it's so close to breaking 7, and it's so close!

So, with the remote support of the Federal Reserve, the bears decided to give it a go at last!

Chapter end