The central parity of the renminbi is important, the offshore exchange rate is now down from 6.7124 to 6.7908, a magnitude of more than 1.1%, but the onshore exchange rate is 6.6030. Pen % fun % Pavilion www.biquge.info

What would the central bank do if it were to intervene aggressively in the exchange rate market? The answer is very simple.

I don't care about your offshore exchange rate, I just let the onshore exchange rate go according to my idea anyway, and what can you do if you shout 6.6? Let there be arbitrage space for onshore currencies, onshore exchange rates, offshore currencies and offshore exchange rates, and naturally there will be capital to adjust.

You know, if the middle price of the exchange rate is 6.6030, then the onshore exchange rate can only fluctuate by adding or subtracting 2% from this number, and then, even if you fall by 2%, I will shout 6.6030 again tomorrow, how about it? Isn't it a hooligan? Isn't it cool? Isn't it helpless?

The answer is that international financial institutions will feel like they are beeping dogs.

This is also an important reason why China is always accused of being a currency manipulator.

Therefore, the middle price is very important, it can be seen that China meddles in the exchange rate, and even sometimes, China will first use foreign exchange reserves to stabilize the RMB exchange rate, and then shout an appropriate middle price, taking the so-called marketization as a joke.

Lei Hao wants to get the middle price first, the reason is very simple, he needs to know what the regulator's attitude is towards Thunder, whether he can know the dynamics of the regulator, it is also very important to him, although it is only 20 minutes in advance, but he has a good idea.

Before the bell rang at 9 o'clock, there was a knock on the door of the conference room, and Xiang Yongze's assistant who had arranged outside immediately ran in.

“6.6757！”

In the conference room, a burst of inexplicable emotions surged into everyone's hearts.

They are all elites in the financial circle, and it is easy for everyone to see what this number represents.

Yanjing, Central Bank.

Wang Huachen was facing some people's doubts, but there seemed to be a fire in his eyes, and there were several people who had a fire in his heart like him.

"6.6757, it is very dangerous to let the median price fluctuate with the offshore exchange rate."

"The pace of marketization doesn't need to be too fast, we can try 6.65 and other data first."

"Yes, the renminbi is not just looking at the dollar, we are referring to a basket of currencies."

6.6757, relative to 6.6030 is also down 1.1%, the central bank let the foreign exchange trading center report this figure, the attitude is already obvious: hard top!

It makes no sense that I shouted about financial market a few days ago, and now we have to start strongly intervening in the financial market, isn't it just 1%? As long as it is determined by the market, I can give.

A small number represents determination and courage, but it also represents a huge risk.

If the trend of collapse is too strong, it is easy to have an accident, and when the time comes, you have to eat the numbers you shout out, or you have to use foreign exchange reserves to calm down, the picture is simply beautiful.

"Shibor's overnight numbers have risen to 12 percent, what do you think...... At this time, we want to stabilize the median price? ”

"The expectation of a higher dollar has increased, and the dollar index has risen by nearly 1%, do you think...... At this time, we want to stabilize the median price? ”

"People outside are waiting to see our jokes, the words that have just been said can be taken back, and the that has just been pulled out can be eaten back! Besides, it's time to take a tough stance now, and it's time to eat. When it comes to, this tough attitude is just the seasoning on the lump of things, and when it comes to that time, what are you afraid of? ”

Wang Huachen reprimanded two sentences in a row, and then directly exploded rudely, making a group of people a little stupid.

The meaning of these words is also very simple, since it is all financialized, then first firmly implement, even if the situation is very bad, the central bank can intervene at any time and adjust back, then the result is obvious, you have overturned your own view of financial market, are you afraid that the current tough attitude will be regarded as a joke?

There are too many lice and it is not itchy, this is what Wang Huachen means.

Yangcheng, Thunder.

Everyone was very excited, and the central bank put out a figure of 6.6757, indicating a resolute market-oriented attitude, which is undoubtedly something that is very worthy of the excitement of China's financial practitioners.

For Lei Hao, the impact on his operation project was mixed.

The disadvantage is that the central bank has expressed the attitude that the 1% is not meddling in the psychological line, and the bears will laugh comfortably.

The good thing is that the central bank has expressed the attitude that 1% is not meddling in the psychological line, and the bulls will have more confidence in the marketization of the RMB.

With the support of China's economy, this matter is almost evenly matched.

But for people in the financial circle, it is very different, except for the possibility of unlocking some shackles, what you can see is a momentum, the momentum of a big country, the momentum of no one, and the confidence in their own currency.

This is very important, and it will make the market psychology slightly biased towards the renminbi, as long as it withstands this shock, the status of the currency will be improved.

Lei Hao thought about it, and while he was excited, he had a bad premonition.

"Will Yang Ma do this...... Let the amount of energy increase again? Lei Hao thought in his heart, and then, he felt his mobile phone vibrating.

When I picked it up, it was Qin Yu.

After answering the phone, the next call came in, and the second call was the third one......

Yesterday, all the institutions that held a video conference in the conference room called over, and it was very simple to explain the determination to enter the market, and it seems that the central bank's release of market-oriented signals has been recognized by everyone.

Come to think of it, the Chinese market is a huge market, at this time, if there is a winning rate, everyone is still willing to brush a wave of faces, by the way to express their closeness.

Of course, everyone knows that the expression of this attitude is indispensable to Lei Hao's opinion playing a role, if it weren't for him saying that he could win, Keda and HSBC, a group of old fritters, would not dare to enter the market now, they would definitely have to wait and see.

And even with such a premise, Lei Hao is very clear that the capital in the market is still very large, and the United States does not want other countries to do anything to de-dollarize.

9:30 a.m.

A shares opened at 50 points in green, and 100 points were leaked within half an hour, retreating directly to around 4150, the volume can shrink, and there are almost no trading orders, but due to yesterday's large number of short selling positions, everyone knows that there is support below, and the trend of collapse will be stabilized.

Sure enough, from 4100 points, there were buying orders one after another, and the psychological state of market participants was reversed, and everyone had a bottom in their hearts.

10 o'clock sharp.

The offshore exchange rate of RMB broke 6.8 directly at 9:30 o'clock, rushing to around 6.85, impacting the psychological price of this market.

The stock market and the foreign exchange market have also formed a chain reaction, coupled with the increase in the expectation of the appreciation of the US dollar in the periphery, the general decline of the Asia-Pacific stock market, and the implementation of China's financial market, it seems that the entire Asian financial market is violently fluctuating in an instant, and the largest amplitude is in the offshore RMB market and the A-share securities market.

There are also the strange high interest rates in the Shanghai interbank lending market, as long as you are a financial practitioner, then no matter how stupid you know, the war has begun, and the center of the battlefield is in Asia, China, and the RMB market.