Chapter 539: Communication, Cooperation, and Convergence
For the People's Bank of China, what magnitude of position will be able to be seen, hundreds of millions, billions, tens of billions? It all depends on the situation at that time.
For those small fish and shrimp, large financial institutions, including the central bank, do not care very much, they all know that these guys are completely uncontrollable, and can only be guided by the general trend.
However, large positions are easy to control, find dozens of investors who hold tens of thousands of call contracts, everyone communicates, and they all decide to hold their positions, then the market will become ...... There are only bullish, no bearish large orders.
Taking 10,000 steps back, although the central bank is actually trading, it has also increased its position in yen financial assets by tens of billions of dollars, and Wang Nuo already has more than 60,000 contracts in his hand, combined with more than 600 million US dollars, which is not a small number.
Of course, you can, absolutely within a day.
Wang Nuo's closing of the position represents that the yen can be sold short by tens of billions more, or even more aggressively, which is directly the actual selling impact of tens of billions of yen, and the positions are equal.
One Wang Nuo has closed the position, and he has carried it down, ten Wang Nuo has closed the position, and he can still bear it, and dozens of Wang Nuo have closed the position, and Yang Ma will definitely say that she doesn't want to play.
This is a succession, Yang Ma is telling everyone that she is doing long, she has an advantage, let's make money, everyone please resist for a while, in order to ...... national interest and making money, in fact, other big multi-headed institutions are also doing this kind of thing.
If the big position has been there, what will save you, O yen?
And the regulator is not talking about orders, but with a group of "friendly forces" with similar positions in terms of position and political positions, and in the end, even if Wang Nuo refuses, the regulator will not have any substantive punishment, at most it will be different.
Bottom line: The battle isn't over yet, so don't break up yet.
"Section Chief Dou, is this on behalf of the Huichu Division?" asked Wang Nuo.
Dou Jiang's face changed, and he said directly: "No, I only represent myself, this is just an exchange of opinions." ”
"I need to think about it. Wang Nuo groaned and said: "I am not sure about the specific direction of the market now. ”
"So I came over to communicate with Mr. Wang. Dou Jiang grinned and said with a smile: "Does Mr. Wang know the usual daily trading volume of the yen? According to the data released by the clearing agency of the World Financial Exchange, the total volume of foreign exchange transactions averages about 5.3 trillion US dollars per day, and the spot transaction is less than 2 trillion US dollars......
"Now the yen is still in a period of quantitative expansion, but from the data in our hands, the trading volume of the yen does not exceed 2 trillion US dollars per day, deducting risk-free arbitrage, arbitrage, hedging, corporate standing currency exchange and other operations, the magnitude of pure financial transactions may be less than one trillion US dollars......
"Speculative operations have accounted for a large share of yen trading in recent times, and it will take some time for the current exchange rate of the yen to be finally recognized by the market......
"Integrating all the information, Mr. Wang still thinks that your tens of thousands of contract positions are not important? Maybe your tens of thousands of contracts alone is not the decisive factor, but not too big or small is also a factor, not to mention the current situation, even if you don't want to hold a position, a one-time liquidation will most likely lead to a narrowing of the yield, I think, even if you close the position, you can control the rhythm to avoid a negative impact on the yield. ”
There is nothing to say to people, state institutions, at least the central bank has not taken compulsory measures in this kind of matter, Dou Jiang is to put the facts and reason, and let Wang Nuo know that controlling the pace of liquidation is also a good thing for himself.
It's not forced, it's just the exchange of information, Dou Jiang doesn't need to force Wang Nuo to do anything at all, take out the information advantage and communicate, and everyone will know what to do.
Wang Nuo didn't mean to be irritable at all, but ...... There is a little pride.
This is the central bank, even if ordinary people enter the network that claims to know everything, it is impossible to find out the details of the regular financial army such as "foreign reserve traders", and even who is the official financial regular army, everyone is at a loss.
Now, Wang Nuo has reached a level where he can contact and exchange information with this group of people, and he is not a saint without any pride.
Wang Nuo also knows that this should be regarded as a special case, and Dou Jiang's group will not often come to "communicate" with financial institutions, but at least let him know one thing: when the asset level reaches a certain level and you can have a certain impact on the financial market, the official will focus on you, and everyone can establish a communication channel.
So......
"After listening to Section Chief Dou's story, I have some bullish tendencies on the medium line of the yen. Wang Nuo still hasn't closed the position, in fact, he also thinks that it is profitable to make a fuss about these positions in the middle line, so he agreed: "I will pay attention to the frequency of position adjustment." ”
On the surface, he promised very thoroughly, but Wang Nuo had already made up his mind in his heart, if it was profitable, the central bank should not cut off people's financial routes, and if there were benefits, they would cooperate, and if they were not profitable, they would ...... Measure how much patriotism is worth.
Dou Jiang's reply to Wang Nuo was also expected, as a proper person in the industry, he didn't believe that Wang Nuo would go against the trend after coming into contact with these things, after all, everyone is mutually beneficial.
In terms of official affairs, everyone was happy, and after talking about official affairs, Wang Nuo didn't know much about the next moves, but the haze in Su Huanzhang's eyes was even worse, because it was the turn of private affairs, or rather, it was not a complete private matter.
"What does Mr. Wang think about the current situation in the international financial market?" Dou Jiang pulled out the topic first.
"I'm not very clear. Although he had no experience in contact with the regular army, Wang Nuo still decisively pretended to be stupid.
Dou Jiang didn't care, and Balabala began to tell: "The dollar is strong, and all major currencies are united to resist ......."
After a series of nonsense, when Wang Nuo was drowsy when he listened, Dou Jiang revealed his purpose and said: "So, Chinese-funded financial institutions are more cooperative than competitive in the international market, and I heard that Mr. Wang's fund is only tens of millions of dollars?"
"Chief Dou, this is an internal matter for us Tyrone. Su Huanzhang couldn't help but interject, "That's what Arnold meant." ”
"Mr. Su doesn't need to worry, I don't represent any institution, but ......" Dou Jiang smiled and said to Wang Nuo: "I think that a talent like Mr. Wang should manage a larger fund, and after taking tens of millions of dollars, the next step should be to expand the scale, right? ”
Dou Jiang said sincerely, but things are not so simple, he is not greedy, and he will not take a dime from Wang Nuo, he just wants to put Wang Nuo into the net.
After Su Huanzhang saw Dou Jiang, his worries all along were precisely this, and the things involved were a little complicated.