"Little Jew, for the first time, I know that being poor and closed can actually be a benefit!" Jia Lei said as he stared at the monitor in the futures exchange and chatted with the little Jew.

"How do I not know what good it is to be poor and closed?" asked the little Jew, puzzled.

"It's because our country is too poor and too closed, so there is not much RMB flowing in the international market, and even if the Wall Street people want to sell the RMB to suppress the exchange rate, they don't have that much RMB in their hands.

On the contrary, because the US dollar is the national currency, it is easy to get it in the international market, so our country can get so many US dollars from various channels and sell them in large quantities.

You see, as long as the exchange rate of the renminbi against the dollar depreciates a little, our country will sell the dollar in a big way to suppress the dollar index.

It is precisely because the circulation of RMB in the international market is too small that Professor Shi and they can easily pull up the exchange rate of RMB as long as they put up a few millions of buy orders, which of these two things is particularly beneficial to us. Jia Lei said proudly.

"Huh, it seems that this is really the case when you say this, but I have found that the US dollar index has fallen a lot recently, and the exchange rate of the RMB against the US dollar has also stabilized temporarily. Little Jew said.

"It's not just stabilized, haven't you noticed that the RMB exchange rate has rebounded in recent days. Jia Lei pointed to the market chart on the monitor and said that although the curve is not obvious, it has been rising.

You see that at the end of July, the exchange rate of the US dollar against the yuan has risen to about 1:9.3 yuan, and it seems that our long order is right. Little Jew said happily.

"In less than a month under this situation, I'm afraid that the group of people on Wall Street will not be able to hold on, after all, our country has invested a lot of money this time, and a few of them can not fight the people of our country. Jia Lei said proudly.

Jia Lei was right!

By the beginning of August, the renminbi circulating in the market was almost completely absorbed by the state, and the group of people on Wall Street had no choice but to sell the renminbi to suppress the exchange rate.

With the passage of time, the fierce battle between the two sides began to tilt slowly, and with the sharp appreciation of the RMB exchange rate, the turnover of the RMB against the US dollar in the foreign exchange market also began to decline.

Professor Shi and the others slowly reduced the trading volume of the national team in the foreign exchange market from 75% to 40% while pulling up the exchange rate. Of course, the share of the transaction withdrawn by the Chinese government was immediately filled, and many people saw that the Wall Street funds that shorted the renminbi showed their defeats, so they rushed up and began to eat meat.

At this time, the country's external troubles are barely lifted, and what the following countries have to do is to solve the domestic internal worries!

*****

Ever since the No. 2 leader became the big boss of the People's Bank of China in July, he first killed chickens and monkeys and shot several people who rioted the economic situation and a group of corrupt officials who embezzled public funds, and immediately suppressed the entire officialdom and financial market.

In July, the No. 2 leader, in his capacity as governor of the People's Bank of China, summoned all the presiding officers of his subordinate banks to Beijing and ordered them to recover all unplanned loans and borrowed funds within 40 days.

"If you can't get it back after the deadline, you have to publish your name, and if you can't get it back after 40 days, you will be severely punished and won't be loaned!" Leader No. 2 gave an ultimatum to all bank presidents at the meeting.

If you can't complete the task within the deadline, hehe......

You know, he shot the president of an agricultural bank a few days ago!

At this order, the presidents of the various banks below panicked, and they returned to their units with a nervous heart, and then all the banks were busy.

Soon the phones in the bank's offices were ringing non-stop, and everyone was busy, all of whom were busy urging their customers to pay back the money quickly.

Then there was a long queue in the bank's business hall, but these people were not ordinary customers who came to the bank to deposit money or withdraw money, but to pay off debts.

Of course, it's impossible to make people pay back the money happily. You must know that when they borrowed money, some people entrusted their relationships, and their group of people did not have any collateral and repayment ability, so this time they asked someone to intercede.

"President Feng, we have known each other for so long, can you be accommodating? Let's pay back the money a few days later?" Lu Yang asked.

"If I can't get my money back on time, I have to eat peanuts......," the president refused, shaking his head and refusing, and a similar situation happened in almost all the banks in the country.

People are selfish, and in this kind of life-and-death situation, it is useless for anyone to intercede in order to keep themselves alive.

For a while, there was a lot of noise in China!

According to the above regulations, it would be good if the bank could get the money back within the time limit!

If you can't get your money back...... Those who lend money or owe debts will all be arrested, and now both the internal employees of the bank and those officials who have something to do with it will tremble with fear.

No one dared to question the determination of the higher authorities to put the financial order in order, so the people of the banks went full force to recover the loans.

Taking advantage of the victory, the above has expanded the scope of loan repayment to a larger extent, and all the money lent out in violation of regulations within a year must be recovered.

Of course, there are always old people in this society, some people just don't pay back no matter what you say, and some people don't have money to pay back at all.

However, this is not difficult for the self-insuring bank staff, who dare not pay back the money and do not want to do business again. The bank will accept the money as soon as you see it, and as soon as your payment enters the account, it will be immediately taken away by the bank.

Under such vigorous and resolute means, the country's harvest is naturally huge!

By the end of July, the banks had withdrawn 33.2 billion yuan of borrowed funds and added 40.5 billion yuan in savings deposits to the state.

With this as a reserve, local governments can finally buy grain from farmers without playing white slips, and with these reserve funds, the state can issue treasury bonds again.

The common people were relieved to see that there was money in the bank, and they began to buy the newly issued high-interest treasury bonds.

After the two-pronged approach, the fiscal cloth no longer has to be cheeky to ask the bank to borrow money to pay salaries, and even the stock market has stopped plummeting and has begun to fall slowly.

As a result, all newspapers in China began to cheerfully hail that "macroeconomic regulation and control have achieved initial results," and the hearts of the common people who had been mentioning it for half a year were finally able to let go.

Even officials at the World Bank office in China breathed a sigh of relief, saying the initial results of the 16-point plan were encouraging.

The internal worries have been lifted, and the external troubles have gradually stabilized under the blow of the national team, and many people know that the opportunity to short the RMB has been missed when they see that the domestic economic situation in China has stabilized.

Some people immediately withdrew from the foreign exchange market where the RMB and the US dollar were traded, and the trading volume in the foreign exchange market shrank further.

The special operations group took advantage of the victory and chased after it, once pulling the exchange rate of the US dollar against the RMB to 1:8.6 yuan, and finally stabilized it between 8.6~8.8 yuan, and further reduced the trading share of the action group in the foreign exchange market to about 30%.

The state has even announced that anyone in China who dares to raise the exchange rate of the renminbi against the US dollar to more than 9 yuan will be dealt with by law.

Now, even people in the foreign exchange market dare not arbitrarily raise the price of the dollar!

It is said that since the national team vigorously stabilized the exchange rate to between 8.6 and 8.8 in August, it is time to realize the futures position in Jia Lei's hand.

Once this happens in the foreign exchange market, the short side must close the position, otherwise the short side will lose a lot of money for every extra day when the interest rate rises.

28 August 1993

"Ring, ring, ring!" Jia Lei was sleeping beautifully when he was woken up by a phone ringing.

"Hey, who?" asked Jia Lei in a daze.

"Boss, I'm Novan!" said the person opposite.

"Oh, is there something wrong with you calling so early?" Jia Lei asked, rubbing his eyes.

"Yes, I have an important situation that I would like to report to you, and last night there was already the first company to take cash to fulfill the futures contract. Congratulations, you've made $1 billion in one night!" Novan said on the other end of the phone.

"What? How much money do you say I made overnight?" Jia Lei immediately refreshed when he heard this, and he quickly asked.

"I'm talking about the first futures contract that has been fulfilled, and you've made $1 billion on that single order. Novan replied.

"I'm not dreaming, am I?" Jia Lei said in disbelief when he heard this, and then he pinched his thigh fiercely.

"Oops! it hurts? It seems that I really didn't dream, hahahaha......" Jia Lei laughed as he held the phone, and then he put down the phone and rolled happily on the bed.

"Jia Lei, what's going on in your house?" the little Jew asked when he heard the laughter.

"Wow, Jia Lei, why are you smiling like this, are you crazy?" asked the little Jew looking at Jia Lei's appearance.

"I'm not crazy, I'm not crazy! I'm happy......" Jia Lei said with a smile.

"You still say you're not crazy, what's the reason for you to be happy like this? This is the first time I've seen you roll on the floor laughing. Little Jew said.

"If I tell you why, I'm sure you'll roll on the floor laughing too. Jia Lei reluctantly stopped and said.

"I don't believe it, I'm so old and not a child, how can I roll on the floor with laughter?" said the little Jew shaking his head.

"Then you're ready, I'm going to say!" Jia Lei said.

"Oh! The little Jew said unconcernedly.

"Novan just called me to tell me that someone couldn't resist and started to redeem futures contracts. We made $1 billion overnight!$1 billion!" Jia Lei said excitedly with a finger.

"Poof!" the little Jew sat down on the ground with his legs limped when he heard the news.

Jia Lei...... Is what you said true?" asked the little Jew excitedly.

"It's true! it's true!" Jia Lei nodded vigorously.

"Bang!" Jia Lei saw that the little Jew suddenly raised his hand and slapped himself twice.

"It hurts! That means I'm not really dreaming......" Little Jew said with wide eyes, and then he covered his face and froze.

"Alas, why don't you speak, little Jew, aren't you happy that we have earned so much money?" asked Jia Lei.

Who knew that the little Jew didn't seem to hear what Jia Lei said, and still looked straight ahead, muttering "billion dollars...... Billion Dollar ...... billion dollars ......" four words.

Jia Lei just laughed crazy, but the little Jew went crazy......

29 August 1993

"Jia Lei, how many positions have we closed today?" asked the little Jew excitedly.

"Three! All the futures contracts in our hands have been realized, and we have made a lot of money. Jia Lei hugged the little Jew and said happily.

"We have indeed made a lot of money! Jia Lei, tell me quickly, how much money did we make in total this time?" asked the little Jew.

"We had a total of $30 billion in futures positions, which means that we now have $30 billion in cash. Excluding the $10 billion we invested at the beginning, we made a total of $20 billion this time. Jia Lei said excitedly.

"Two billion dollars, which means that the two of us each made 10 billion dollars, right?" asked the little Jew excitedly.

"Yes!" Jia Lei nodded and said.

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