In April 1998, Japan, which has close ties with Southeast Asia, was also in trouble, and the yen depreciated sharply, from 115 yen to 150 yen per dollar, and continued to fall until August. At the same time, the fluctuation of the ruble exchange rate in Russia expanded to 6 to 9.5 to one dollar.

The exchange rate is generally accurate to one ten-thousandth decimal place, that is, the change of 0.0001 has an impact on the currency, not to mention that the current range is 3.5, which is more than 30,000 times the usual.

Why did Cheng Lele withdraw from the Hong Kong market so quickly last time, and he didn't do reads after that?

Because the last time was only the beginning of this financial crisis, international speculators raided Asia, and the Hang Seng Index fell unilaterally, but now it is a scuffle between international speculators and governments.

Even if Cheng Lele knows that the future will be a downward trend and then an upward trend, it will be long-term. When will the yen stabilize dìng, when will Russia coup d'état, and when will the Hong Kong government bail out the market, Cheng Lele does not know. Even if you know, what should I do if history changes, with thousands of fluctuations every day, and with a single future, I would have slapped a small shrimp like her to death on the beach.

At this time, it is necessary to set up a company, and in the current situation where electronic trading is not possible, the strategy of frequent and complex trading requires the hiring of professional traders to do portfolio trading.

The first business of the Yao Lele Fund was to hedge the yen and ruble with options, that is, to short the yen and ruble at the same time, and at the same time to long their call options (jpyandrub). In this way, when the exchange rate falls, Cheng Lele and Huo Yao make money, and when the exchange rate rises, options protect Cheng Lele's investment from losing too much money because of misjudging the direction of the exchange rate.

With the fall of the yen and ruble, international speculators launched a new round of attacks on Hong Kong in August, and Yao Lele Fund shorted the Hang Seng Index Fund (ETF) and long call options, and sure enough, the Hang Seng Index fell from 8,000 points to 6,000 points.

But soon the Hang Seng Index began to rebound, being pushed up from 6,000 to 7,800 by the Hong Kong government. Yao Lele Fund lost part of the short strategy because of the previous short strategy, but fortunately there was a hedge to set up a stop loss point, and then Yao Lele Fund went long Hang Seng Index Fund from 7800 points of the Hang Seng Index and long put options.

In the following month, Hong Kong and international speculators began to play at 7,800 points, until September, when the Hang Seng Index was listed at 8,200 points, and Hong Kong won the financial defense war.

In the end, Yao Lele Fund Company earned 200 million yuan in the foreign exchange market, and another 100 million yuan in the Hang Seng Index Fund, with a profit of 60 percent, which is definitely a high return in the fund company.

Hong Kong is not only a financial center, but also a shopping paradise. No matter how big or small a girl is, there is no one who doesn't like to shop, and in the same way, there is no one who doesn't like to spend money. Cheng Lele is too, her philosophy is that money must be spent to be considered her own.

"Take this out for me and take a look." Cheng Lele clicked on the handbag in the glass case.

I've been spending too much lately, and I'm a little overwhelmed. Clothes, shoes, bags, diamond necklaces, bracelets, Cheng Lele has already packed several boxes, but she still comforts herself that Hong Kong's things are cheaper than those in the mainland, and there are many types, so she bought them.

Cheng Lele took HY's new model this year and tried it on his shoulder, but it was still better than the one just now. There's still half an hour to get off work, and it's still too late to get there.

In fact, some of the things that Cheng Lele bought, she can't use for the time being, but they look good and are ready to use them in the future. Diamond necklace jade or something, it is estimated that it will rarely be worn in the future, just for the sake of appreciation.

Walked two blocks and arrived at the flagship store. Reflectors on the walls of the store enhance the sense of light and space, and the display shelves with black matte finishes and stainless steel ceilings all make the entire store design simple and stylish. Structural columns are stocked with handbags, bracelets, necklaces, belts, hats, silk scarves, and more.

Cheng Lele found the black bag he saw before, "I want this." ”

"I want this!" The same words came from Cheng Lele's ears, and the white and tender fingers like the tips of the onions were on the same bag.

Cheng Lele's gaze turned to the side, Huo Xuefei? "So coincidentally?"

Huo Xuefei smiled politely at Cheng Lele, then turned to the shopping guide next to him and said, "Aren't you going to take it?" There's only one here. ”

"Oh, oh, okay, you two reads a minute;."

As soon as the shopping guide left, there was peace between Cheng Lele and Huo Xuefei.

"Knowing that you were shopping today, I will go with you." Cheng Lele made a friendly start.

"I'm not as busy as you, I hope you and Huo Yao will cooperate smoothly and don't cause him any trouble." Huo Xuefei stabbed Cheng Lele coldly, Huo Yao said that Cheng Lele was so good, why didn't she see it.

Cheng Lele blinked, and his voice changed, "Yes, if he doesn't let me lose money, I won't trouble him." ”

Huo Xuefei was stunned, and was about to speak, the shopping guide had already come, "I'm sorry, this is this year's limited edition, the latest arrival this month, and there is only one in Hong Kong at present." ”

"I'll come first!" "I'll come first!" Cheng Lele and Huo Xuefei said in unison, and the crisp sound suddenly ran through the entire store.

Guests are scrambling to buy, which is really a sweet burden for the shopping guide, "I'm really sorry, there is only one at present, since the two ladies know each other, they can discuss it." ”

"I don't know her." This time, Lele took the lead.

Huo Xuefeipi smiled and apologized: "It seems that it can't be discussed." ”

The shopping guide continued to persuade: "We have similar styles in our store, I don't know if Miss is interested." Of course, if the lady is willing to wait for a while, we can immediately transfer the goods from other regions. ”

"The spare one is never as good as the original." Cheng Lele sighed.

"Isn't there someone who will get it later, who do you think?" Huo Xuefei seemed to be smiling.

In a word, the two of them are on the bar.

The "......" shopping guide also seemed to see it, since both of them wanted it, and they had to find a balance, "It's better to keep this bag here first, and when the new package arrives, I'll notify the two of you together." ”

Cheng Lele frowned, thought for a while, pointed at Huo Xuefei, and said bluntly: "Transported?" I just want to fight with her, and finally we both get it together? What's the point of that. ”

Huo Xuefei picked her nails and raised her chin towards Cheng Lele: "It seems that you are really not stupid." Such an obvious sales strategy made her in no mood to buy it all of a sudden.

Sometimes it's just a momentary impulse to buy something.

Cheng Lele and Huo Xuefei went out one after the other, one to the left and the other to the right.

The shopping guide has become cannon fodder, and she wants to cry without tears in the back, don't go, why did she give her performance and leave ruthlessly.

The summer vacation between junior high school and high school is actually very short, the high school entrance examination takes up a few days, and high school has to report in advance, which adds up to less than two months.

Cheng Lele was immersed in Hong Kong, a place where he was drunk and gold-obsessed, and he didn't want to leave. Huo Xuefei glanced at her with a disdainful expression, and before she could speak, Cheng Lele went to pack her luggage, what kind of joke, you can't let some people look down on her.

However, Cheng Lele still went back two weeks late, in order to escape military training.

She really didn't know what else she could practice in a week of military training in middle school besides turning skinned egg faces into black coals. She does whitening and moisturizing every day, and all the military training has returned to the original point for a week, which is not conducive to the cultivation of beauties.

Cheng Mu saw Cheng Lele's pitiful appearance, and thought that the military training in high school was much stricter than that in junior high school, and she was two years younger than her peers. agreed, and took the initiative to tell Cheng's father that Cheng Lele had a fever and couldn't go back.

In the end, Cheng Lele was crowned the champion, and with the relationship of the Cheng family, he didn't have to participate in military training.

There are thirteen classes in the first year of high school. Classes 1 to 8 are ordinary classes, classes 9 to 12 are science practical classes, and class 13 are liberal arts experimental classes.

Among them, the twelfth class is the Olympiad class, the real yàn class in the science class. It concentrates the best students in the whole grade to participate in the National Olympiad in Mathematics, Physics and Chemistry in order to win prizes and obtain guaranteed qualifications.

The first class is a privileged class, and there is no need to explain it, it is full of the children of city leaders and large group enterprises.

Compared to the first class, Class 9 is more special, it is a combination of fast class and privilege class, but only some of the students in it are students with deep backgrounds and excellent learning, so class 9 is called the invisible privilege class.

Among the several real yàn classes, except for the twelfth class, which cannot be compared, the ninth class is the best in the real yàn class.

In terms of grades, Cheng Lele was divided into class 12. But after Cheng Lele heard that it was the Osaiban, his legs shook. In her last life, she went to the Osai class in the eighth middle school, and the atmosphere of the Osai class is not only learning but also studying, and every day for three years of high school is like the college entrance examination, which she has experienced.

Cheng Lele wanted to change classes, and after the teacher of Class 12 knew about it, he secretly gritted his teeth, when he was disliked, he rejected others. The head teacher of Class 9 is a doctor of mathematics who has just graduated for less than two years, and his eyes are not big, and he can't find it when he smiles.

I found the principal for this matter, and the principal didn't care how the teachers under him competed, anyway, the champion of the high school entrance examination was in their school, and after three years, he might be the champion again, which class he fell in love with, and Cheng Lele became a member of the ninth class.

The military training lasted for a total of ten days, and then the first year of high school was closed for four days, and classes officially started on Monday. On the first day of school, the school used the time of morning exercise to arrange an opening ceremony. The playground was crowded, and Cheng Lele stood at the end of the ninth class, following the disbanded army to the teaching building.

In a pile of black potatoes, it was easy to find a white potato that had no military training like himself, but how could this white potato be a little familiar.

"Look at what? Don't you know each other? ”

"Huo Xuefei!" Isn't that the person who always looks down on himself in Hong Kong, "Why are you here?" ”

"What else can you do when you come here to school?" Huo Xuefei pursed her lips unladylikely.

"......" Cheng Lele felt that he could always be angry when talking to Huo Xuefei, "Why did you come here to go to school?" ”

"I'll come when I want to." After Huo Yao and the three of them left Hong Kong, the Huo family's big house was quiet again, and Huo Xuefei returned to the time when she lived alone, but she didn't feel very comfortable.

Hong Kong's business community is clearly divided, and the struggle of the top wealthy families and the support of second- and third-rate enterprises are much stricter than those of mainland enterprises in '98. Huo Xuefei doesn't have many friends in Hong Kong, she wants to come to the mainland to see, Mr. Huo and Mrs. Huo are both in the United States, and the brother and sister can be together, of course they readily agreed.

Cheng Lele didn't care why Huo Xuefei came, hearing her say this, her eyes rolled and she said arrogantly: "Yo, don't you look down on us." ”

"No, I just don't like you." Huo Xuefei snorted coldly and turned into her class.

Cheng Lele glanced at the door number, and the two of them were still in the same class, and they became more and more depressed in the past three years of high school.