Chapter 1024 A blow to the head (6)

  Chapter 1024 A blow to the head (6)

It has to be said that Li Bin’s move to the other party was very vicious: firstly, Zhong Shi was constrained by the relationship of interests and could not let go; secondly, international organizations could take advantage of this opportunity to stir up trouble and return the RMB back; thirdly, If the Tianyu Fund continues this kind of interest relationship, then Zhong Shi will not sit in this position for too long, and Li Bin can take the position naturally.

   Three birds with one stone.

   It’s just that Li Bin judged the heart of a gentleman with the heart of a villain, and completely missed a possibility, that is, Tianyu Fund did not intervene in the RMB market at all.

  But with his temperament, he would never think of this, because he firmly believes that the world is as black as crows.

   It’s just that Li Bin didn’t think about it at all, Zhong Shi and him are completely different people.

   “Have you heard the rumors in the market recently?”

  Two days later, in the office of Governor Jin of the Central Bank, the serious-looking Governor Jin said to Zhong Shi in front of him, “It’s about the rumors about Tianyu Fund’s involvement in the RMB exchange rate. Do you have anything to say?”

  President Jin is quite satisfied with Zhong Shi’s work. After he took over, without using any foreign exchange reserves, the renminbi rose for five consecutive trading days. This achievement swept away the pressure on his shoulders, and his whole person became in high spirits.

   It’s just that the good times didn’t last long. Soon the foreign exchange market spread the news that Hong Kong’s Tianyu Fund was sweeping the offshore market, which led to this wave of RMB surge.

Generally speaking, including the spot market and the offshore market, the total amount of RMB transactions per day is about 50 billion US dollars, most of which are business needs between commercial banks, and this part is rigid demand, regardless of whether it rises or falls. for transactions. Although the share of speculation is not much, if there is a large amount of buying or selling in the short term, it can still affect the trend of the RMB exchange rate.

  When the rumor first emerged, President Jin didn’t take the news too seriously. After all, so far, Zhongshi has not used foreign exchange reserves, which means that even if the rumor is true, Tianyu Fund has not benefited from it. But as the rumors continued to ferment, it made him smell a conspiracy.

   For this reason, he had to find Zhong Shi to talk to stop the further expansion of the situation.

“this…”

  He pondered for a moment, and persuaded gently, “If you have had similar behavior before, I hope you can stop, after all, it may constitute a suspicion of insider trading. As for the previous one… we will expose it.”

   I have to say that his statement is quite generous.

   It’s just President Jin’s statement, which is also based on Tianyu Fund’s participation in RMB foreign exchange transactions.

   “President Jin, what are you talking about?”

  Zhong Shi couldn’t help frowning when he heard the words, and retorted in a bad tone, “So, you also think that Tianyu Fund is involved? I have been in the industry for so long, don’t you think I don’t even have this awareness?”

“No?”

President Jin was a little astonished, and subconsciously looked at Zhong Shi, seeing the magnanimity and awe in his face, he understood a little bit in his heart, and immediately laughed and said, “That’s good, that’s good. Go, it’s purely a rumor. Look at what happened, it made me worry for nothing.”

  Hearing Zhong Shi’s denial, although President Jin felt a little embarrassed, he finally got rid of his heart disease, and his mood suddenly became better.

   “But President Jin, don’t you think there is something strange about this incident?”

It’s just that President Jin wanted to expose it, but Zhong Shi refused, and chased after him relentlessly, “I just took office a few days ago, and such news came out in the market, which can be said to be aimed at me personally. Slander and slander. President Jin, this matter can’t just be left alone!”

   “Of course not just let it go.”

  President Jin always believed that Tianyu Fund was involved, but this was not the case. Hearing what Zhong Shi said at this time, his heart suddenly moved, and he fell into deep thought, “If not, then what is the purpose of this rumor? It shouldn’t be as simple as just slandering you, right?”

   “Not only against me, but also against the RMB.”

Zhong Shi took the opportunity to analyze, “There are only a few people who know the news of my appointment. And as far as I know, the news was first spread from foreign markets, so can I make such a bold guess, shoppingmode among us Some people in China are involved in foreign institutions shorting the renminbi?”

“this…”

President Jin didn’t understand what Zhong Shi wanted to express. It’s just that this kind of thing affects the whole body. Even he couldn’t express his position immediately. Affecting the mood of comrades at work, but what you said is also a possibility. How about this, I will communicate with my colleagues at the police and ask them to investigate in private to see if there is such a situation as you mentioned. ”

   On the one hand, he didn’t want to go to war, on the other hand, he thought Zhong Shi’s statement was reasonable, so he had to adopt a compromise method and let the procuratorate intervene in the investigation.

  Of course, his wishful thinking is that the procuratorate will go through a perfunctory investigation, and just give an explanation to the superiors, subordinates, and Zhong Shi.

   But what he didn’t expect was that the procuratorial organ actually followed the clues and finally found out Li Bin. When the news was announced, it caused a sensation in the entire Huaxia financial circle, and also surprised President Jin.

   “Okay, then I’ll go to work first.”

   It’s just that Zhongshi and President Jin didn’t know that the decision they made during the conversation actually uncovered such a moth for the country. Seeing that the conversation came to an end, Zhong Shi tactfully bid farewell.

   “Work hard and don’t think too much!”

  President Jin was in a good mood, and at the end he did not forget to give Zhong Shi a word, and watched Zhong Shi leave his office with a smile.

   “Damn it, they made a move!”

  After leaving, Zhong Shi had a gloomy face. He went into the conference room alone, dialed the phone number of Paulson and others, and held a meeting on the phone for short sellers.

   “Are you talking about rumors?”

  Although it was very uncomfortable to be called in the middle of the night, Paulson and others had no complaints, as long as there were benefits. After hearing Zhong Shi’s complaints, Paulson was the first to wake up and asked, “Is it about the rumors targeting Tianyu Fund?”

  Zhong Shi and others could hear it, and Paulson and others naturally also received related news.

   “It’s a conspiracy!”

Zhong Shi gritted his teeth and said, “This is a complete conspiracy. The purpose is to tie my hands and feet so that they can sell short without any restraint. I can be sure that if I step down, they will immediately clear their positions and leave the market with a profit. ”

   “The question now is, how long can you stay in this position?”

Delio was clearly aware of the key, and immediately asked without hesitation, “If you step down early because of this rumor, although we are not very worried about it in the future, after all, there are some uncontrollable factors. Our position It will also reduce part of it. But if you can continue to be in this position, we don’t have to worry about anything.”

   “Hey, Raymond, you have a good plan!”

Zhong Shi taunted unceremoniously, “Follow me, have I made you suffer? Is there anyone else who thinks so besides him? If you want to quit, I don’t mind letting you do it now.” quit.”

   “Sorry, Mr. Zhong, I didn’t mean that…”

Realizing that he had offended Zhong Shi, Delio quickly apologized, “It’s just that the form is different. We are optimistic about the RMB exchange rate in the long run, although short-term fluctuations are inevitable. Besides, we are not professional exchange rate operators, so we are worried No surprise at all. But I said guys, we all trust Mr Chung, right?”

“Yes!”

   “Indeed it is!”

   Paulson, Griffin and others spoke one after another.

   “Okay, that’s all for now.”

These people are basically mercenary, and it is very difficult to ask them to speak morally. Zhong Shi knows this well. Although he has cooperated many times, if it is not profitable this time, they will turn away without blinking an eye. go. In this regard, Zhongshi can only make them unite around him by beating at the right time.

   “Next, I have a plan. I will not sell in the next few days, let them eat as many short positions as possible, and wait until necessary to catch them all!”

  Originally, Zhong Shi was in charge of foreign exchange transactions, with the purpose of stabilizing the RMB exchange rate in the market, and by the way, combating the current rampant short positions. However, after pushing up the RMB exchange rate for five consecutive trading days, these short sellers did not know how to advance or retreat, but turned their ideas on Zhong Shi, which made him a little unbearable.

  So he intends to sell a loophole first, and wait until these short sellers think they have mastered the situation before annihilating them in one fell swoop.

  Naturally, Paulson and others will not have any opinion on Zhongshi’s strategy.

   “But gentlemen, this time we will not use the power of the Central Bank of China.”

  Just when everyone was secretly proud of Zhong Shi’s idea, Zhong Shi suddenly threw a blockbuster, “We have to rely on our own strength, no problem?”

“This is how the same thing?”

   “If there is no Huaxia Central Bank, can we rely on us alone?”

   “Didn’t do what we said earlier?”

  According to the previous plan, Huaxia Central Bank and several hedge funds jointly took action to crack down on the short positions in the market. It is precisely because of the backing of the Central Bank of China that several hedge funds dare to sweep the market so recklessly. It’s just that what Zhong Shi said now means that their positions are all risk exposures. This change made it difficult for them to accept for a while, and they immediately shouted.

   “This rumor has sounded a wake-up call for me!”

After they finished yelling, Zhong Shi said lightly, “Even if the Tianyu Fund did not participate in it, there are rumors that I have carried out the transfer of benefits. If your identities are exposed, then I will be called a traitor. This is not only My reputation will be discredited, and even the Huaxia government will be disgraced.”

   Paper cannot contain fire. If Zhongshi hadn’t considered this before, then this rumor has sounded a wake-up call for him. Because no matter what he did, he was suspected of conveying benefits. There is only one way to get out of the siege in the end, and that is not to use the foreign exchange reserves of the Central Bank of China.

   “But you don’t have to worry too much, Tianyu Fund will fully join this battle.”

After changing the subject, he reassured everyone, “Give them a heavy blow at the right time. It’s just that I’m afraid I will have to resign from my current position when the time comes. After all, the so-called ‘benefit transfer’ rumors are confirmed. Guys, do you have the confidence to blow up the shorts in this situation?”

   Once Tianyu Fund intervenes in the RMB foreign exchange market, it is naturally impossible for Zhong Shi to continue to sit in this position. However, his statement made everyone feel very satisfied.

  Although the assets of the Tianyu Fund are far inferior to the Central Bank of China, the amount of funds they can use in the short term far exceeds the latter. If it is only in the short term, if Tianyu Fund intervenes, it is entirely possible for them to put the shorts to death.

   “Of course!”

   Paulson was the first to shout out, followed by Griffin, Delio and others.

  The whole thing was settled like this.

  In the next three trading days, due to the news of “Zhongshi interest transmission”, many shorts poured into the short side of the RMB, which also caused the RMB to fall for three consecutive days.

   On September 9, after falling for six consecutive days, the RMB reached the 6.5 mark again.

   Thanks to 555@555, Time Step by Step, Lao Nafa Hao Ta Kong, China Mid-term, Passing Karama, etc. for voting monthly! Thanks to China Mid-term, Binge 89, riverbank, ljl927, and Yongye Jiguang 0311 for their recommendation tickets! I am very happy to receive so many votes. The author expresses his gratitude and hopes that more book friends can support this book. Thank you~

  (end of this chapter)