Chapter 1022 A blow to the head (4)

  Chapter 1022 A blow to the head (4)

   “Okay everyone, I am Zhongshi.”

  After the meeting was over, Zhong Shi came to the trading hall of the central bank without stopping, where a large group of traders had been waiting there. When Zhong Shi appeared, they looked at the young man in front of them, all showing expressions of disbelief.

  What kind of person is Zhong Shi? With just a quick glance, he can see everyone’s astonishment. Under the gaze of everyone, he said slowly, “In the future, I will work with everyone. I don’t care if you welcome me or not, but I must complete the order I gave. Do you hear me?” ?”

   His last sentence suddenly raised his voice.

  I heard that the higher-ups were going to change people, but in exchange for such a young person who was a bit outrageous, it was inevitable for the traders to have opinions in their hearts. While these traders are no different than other traders, being able to work in a place like a central bank is a testament to their ability, and a little higher vision is not a problem.

  But in Zhong Shi’s view, their ability is nothing at all, at best they are just a group of machines that obey orders. However, in this kind of place, it is still necessary to come to such a showdown, otherwise these people can still cause him a lot of trouble if they don’t obey the command at a critical time.

“Know!”

  These traders naturally wouldn’t touch the stalactite at this time, and immediately replied in unison. It’s just their voices, a little…not loud enough.

   “I might as well tell you that just a month ago, I was working on the bailout funds.”

Zhong Shi, who was well aware of this, sneered secretly, and continued, “There were some problems later. I believe you all know what happened in the stock market. To tell you the truth, many people have been targeted, and even It is not uncommon for people to be directly taken away by the procuratorate. I don’t hope that in this team, someone will end up in jail.”

  He played a trick here, and didn’t say clearly why those people were taken away.

  Hearing such words, the trader’s heart froze, and his eyes changed when he looked at Zhong Shi again.

  Although it is not clear why their colleagues were taken away, the newspapers reported that many people were under investigation during this period, and they naturally would not doubt the authenticity of Zhong Shi’s words. Once taken away, it basically means the end of their careers.

  Even considering this pros and cons, it is enough to cut off their small thoughts.

   “Mr. Zhong, I am Fang Zhouyuan.”

   Seeing everyone’s reaction, Zhong Shi nodded in satisfaction, walked to the supervisor’s seat, and sat down unceremoniously. Seeing his attitude, the traders quickly got into their positions and began to prepare for today’s work.

  At this time, a man in his thirties came over. He had an upright face with Chinese characters and a cut-length hair that was only one knuckle long. He looked extremely energetic. Fang Zhouyuan is the deputy director of the trading department, and is responsible for assisting Zhong Shi in his work. After Zhong Shi sat down, he immediately explained to Zhong Shi, “According to the previous deployment, our trading department will intervene when there are abnormal fluctuations in the RMB offshore market, which is a passive intervention. But Mr. Zhong , Are we going to change our strategy now?”

   Finally he asked cautiously.

  As the saying goes, “one emperor, one courtier”, every person in charge has a different idea, and Fang Zhou has a deep understanding of this. Originally they were just doing some hedging transactions, and the work was not complicated and cumbersome. However, when Gao Dongfang and others paid attention to the foreign exchange market some time ago, they gave such a corresponding strategy to make traders active in the market.

   Now that Zhong Shi is talking about things, there will definitely be more changes, so Fang Zhouyuan asked this question.

   “Don’t worry, let’s see the performance of the offshore market first.”

  Zhong Shi waved his hand and said carelessly, “Looking at the performance of the offshore market, I think there will definitely be changes.”

  Compared with the domestic spot market, the RMB offshore market centered in Hong Kong is superior in terms of transaction scale and influence, so the trend of CNH is the focus of foreign exchange traders.

  As the saying goes, once an expert makes a move, he will know if there is one. Just relying on Zhong Shi to point this point directly, Fang Zhouyuan realized that the other party has something special.

  But what Zhong Shi said confuses him again, because what Zhong Shi said means that he didn’t say anything, which made him a little bit unbelievable to his ears, and couldn’t help asking: “Do you not do anything?”

   “The central bank will have a resolution to raise the RMB overnight lending rate in Hong Kong. You will know it in a while.”

Seeing that the other party hadn’t left, Zhong Shi couldn’t help explaining, “This will increase the cost of holding positions for international short sellers, and let them pay back some interest first. If they are still stubborn, then they will be punished.” Fatal blow.”

   “You’re right, but are we really doing nothing at all?”

Fang Zhouyuan still did not give up, and asked again, “The exchange rate of CNH has already broken through 6.5. Before that, our goal was to prevent the exchange rate from breaking through this line. Therefore, after the short sellers broke through the exchange rate of 6.5 several times, we were resolute. I called back. If I don’t do anything today, wouldn’t it be justified?”

   “Is that so…”

   Zhong Shi touched his chin and thought for a while, then said, “Since this is the case, your task today is to take action when the exchange rate falls below 6.5, continue with the previous strategy, and don’t let the exchange rate fall below 6.5.”

   “It’s… okay!”

   Seeing Zhong Shi lower his head, Fang Zhouyuan realized that the other party was not in the mood to talk to him, and immediately backed away embarrassingly.

  In fact, according to Zhong Shi’s idea, he intends to solve all the international short positions at once, so that they will not think about shorting the renminbi within a few years. However, the central bank insisted on raising the RMB overnight lending rate in Hong Kong first, so he readily agreed, using this news to see the market’s reaction first.

  Because the RMB closed at 6.5077 on the previous trading day, the exchange rate was fixed at the closing price as soon as the market opened. International bears have finally breached the 6.5 mark after two consecutive days of selling. So after the opening of the Hong Kong foreign exchange market, they went all out and immediately sold RMB everywhere in the market.

   The RMB in the offshore market was immediately under pressure and began to fall further, and soon fell by 39 basis points, reaching a low price of 6.5116. At this time, the clock stone ended the conversation, and the central bank’s funds immediately began to enter the market, buying renminbi in the market everywhere.

  The intervention of the central bank caused changes in the market, and soon the RMB stopped its decline and slowly recovered towards the position of 6.5. Immediately afterwards, some Chinese-funded banks also began to sell, eating up the renminbi that could be profitable in the market, causing the exchange rate to rise further.

  By noon, the RMB returned to the position of 6.5.

  Basically, Zhong Shi didn’t do anything this morning. He was immersed in reading various research reports. The chaotic and noisy sounds in the trading room didn’t seem to affect him at all, which surprised many traders who had been following him.

   In the afternoon, continue trading.

   “Strange, why is there still no movement?”

  After the target price returned to 6.5, the trading frequency of traders also dropped, and they began to become idle. But at this moment, Zhong Shi suddenly stood up from his seat, went to the big screen in front of the wall, clasped his elbows in his hands, and said to himself, “It should be almost time.”

   “What time is it almost?”

The behavior of Zhong Shi made the traders very puzzled. Although his words were muttered in a low voice, since he got up, everyone stopped talking consciously. The whole trading room can be said to be audible, so Most of the traders present heard him.

   Immediately, the traders looked at each other, trying to find the answer from each other’s expressions.

  Seeing this, Fang Zhouyuan couldn’t sit still any longer, walked to Zhong Shi and asked in a low voice, “Mr. Zhong, when is it almost time?”

  He spoke in a very low voice, after all, we should pay attention to the impact.

   “I mean the yuan should go up.”

  Zhong Shi ignored it, and said loudly uncharacteristically, “According to my analysis, the RMB should have risen at this time, but I haven’t seen any signs until now. Do you think it’s strange?”

   “Up?”

   Fang Zhouyuan was stunned for a while, unable to speak for a while. At this moment, he didn’t know what to say at all, so he could only shake his head with a wry smile.

   Not only Fang Zhouyuan, but also the traders in the trading hall were stunned, because from the fundamental point of view, there was no sign that the RMB was going to rise, because they themselves were the biggest bulls in the market.

   Some traders even thought to themselves, is there something wrong with the head of this new executive?

   “Look, it’s up!”

  A trader who was watching the market suddenly shouted loudly.

Hearing his cry, those traders who were still in a daze quickly looked at the screen, only to see a sudden jump on the screen, and the renminbi at the position of 6.5 rose just like that, and directly jumped up by 10 at one time. basis points, which surprised traders.

  Generally speaking, exchange rates, like bonds, are investment products calculated in basis points, and each basis point is only as much as 0.0001. However, this magnitude of change, under the magnification of huge amount of funds and hundreds of times of leverage, has become an astronomical figure, and the amount of profit and loss of funds is no less than that of other investment varieties.

  So the market jumped 10 basis points all of a sudden, which caused the traders to wonder.

  Of course, compared to the fluctuation of a day, this change is still nothing.

   “It really went up!”

  Fang Zhouyuan, who was still smiling wryly a moment ago, was now dumbfounded, and the way he looked at Zhong Shi changed, intentionally or unintentionally, with such a trace of respect.

   “Sure enough, it’s a shot, but it’s trustworthy, but I don’t know if they have set up a strategy?”

  The rise of 10 basis points was just the beginning, and then the RMB continued to rise. It rose by more than 100 basis points within an hour, directly breaking through 6.4900, and rose to the 6.4800 range.

  Zhong Shi knew this well, knowing that Paulson and the others were exerting their strength, so he nodded in satisfaction immediately, and said this sentence on his own.

   “Mr. Zhong, this…”

At this time, Fang Zhouyuan felt extremely itchy like thousands of cats’ paws scratching his heart, and couldn’t help but ask, “What’s going on? Why did you say that the RMB will rise, and it really did? Woolen cloth?”

  There are many reasons for the rise of the renminbi, but it is absolutely impossible because of what Zhong Shi said casually. There must be other reasons. What Fang Zhouyuan thought about was whether there was some reason that he hadn’t thought of, but the young man in front of him keenly discovered it.

   “Not only today, but it will continue to rise in the next trading day.”

  Looking at the other party lightly, Zhong Shi said meaningfully, “You don’t have to do anything, and the RMB will automatically rise. Isn’t that good?”

   “Good is good, but…”

   Fang Zhouyuan blurted out without thinking, but the next moment he realized that Zhong Shi didn’t intend to answer this doubt for himself, his voice became low and low unconsciously, “What’s going on here?”

   No one answered this question for him!

  The renminbi opened at 6.5077 that day, and began to rise after breaking through 6.5 in the intraday session. It rose by a total of 187 basis points, or 0.29%, marking the largest increase in the renminbi since this period.

   Thanks to 36662870, whoever offends me will be punished, Brother Bin89, crab reading books, alex0007 for voting monthly! Thanks to Guan Yuyu, China Mid-term, Gujia, Xingkongzhiwang, Li Gezi, 36662870, 13036697866 for the recommendation tickets! I sincerely hope that the situation will improve after this restriction and exemption, and it will not be as bleak as last month~ Maybe it’s because many people are busy at the end of the year and don’t have much mood to look for books to read, but no matter what, the author will Cheer hard with full enthusiasm, I hope you will support us a lot, thank you very much~

  (end of this chapter)