"Tell me, what the hell do you want to do?"

After the meeting, Zhong Shi was left alone, and not long after he and Ren Yi walked into Cen Yinquan's office, Cen Yinquan walked in angrily, first threw himself on the senior chair, and then flipped through the books on the desk in front of him, but after seeing Zhong Shi's indifference, Cen Yinquan was angry and threw the large book on the table, and then asked with a displeased face.

After several contacts, Cen Yinquan and Ren Yigang both had a preliminary understanding of Zhong Shi's temperament, and they also analyzed it in private, this is a bold guy who ignores any rules at all, as long as there is something profitable, no matter how big the risk is, he can do it. If it weren't for the fact that he still had a heart of a fist, neither Ren Yigang nor Cen Yinquan would have been able to control Zhongshi.

Cen Yinquan had no doubt that what Zhong Shi had just said at the meeting could become a reality in the foreseeable future. And the reason why Zhong Shi can change his words shows that the two sides still have room for discussion, but when he thinks of Zhong Shi's ambition, even Cen Yinquan can't help but have a little headache.

That's why he planned to come up first and give Zhong Shi a dismount, hoping that he could restrain himself a little and not open his mouth too much.

Zhong Shi naturally didn't eat this set, he knew very well that the chips he had in hand now had absorbed nearly 5% of the shares of the entire Hang Seng market, and the Tianyu Fund seemed to have become a deposit that no party dared to underestimate, and even became a monster in the eyes of some people. So for Cen Yinquan's fierce inwardness, he just shrugged his shoulders slightly. Spread out his hands, made an innocent face, and said with a slight grievance: "Director Cen, what you said is a little inexplicable. What do I want to do, I don't think about anything, I don't do anything. ”

"Okay, there are no outsiders here, so don't pretend anymore!" Ren Yigang stood up at this time to play a round game, first glanced at Cen Yinquan, and then said to Zhong Shi with a pleasant face. "Zhong Sheng. Let's have an open and honest conversation. I'm sure you also know that we originally had an agreement with you, but even the chief executive is under a lot of pressure for you. After all, we cannot refuse the kindness of the central government. Fortunately, there is a happy ending in the end. So don't be resentful. ”

"I'll keep you this time. I hope you can talk to us honestly, first of all, how to stop international speculators from continuing to short the Hong Kong economy, which is the top priority; One more point. It's important that international speculators contact you, and we want to know the specific details and what you really think. ”

Although he secretly competed with Cen Yinquan in his heart, he felt that Ren Yigang was relatively easy to deal with, Zhong Shi put away his cynical smile at the moment, and replied seriously: "International speculators contacted me, naturally for the next step, and they also knew that I could not have the financial resources to support the market next time, so I hoped to borrow stocks from me, but I sternly refused." Not only that, but I also set a trap for them, believing that it will not be long before they will kill each other and never take care of the Hong Kong market again. ”

Hearing Zhong Shi say this, although they didn't know what the specific inside story was, Cen Yinquan and Ren Yigang did not doubt the authenticity of what he said. Because from the beginning of contact to the present, Zhong Shi has never said a big word. Suddenly, Ren Yigang's face showed joy, and Cen Yinquan, who deliberately turned his head and pretended not to care about the conversation here, also stretched his head over unconsciously.

It's just that Zhong Shi's next sentence made their hearts tighten.

"Although I succeeded in separating them, it was not a long-term solution, because in the face of absolute interests, it is still possible for them to put aside their old suspicions and stand together again. Therefore, what we have to do now, and what I have been planning for a long time, is to cut off the food channel of international speculators, so that they will not dare to covet Hong Kong for at least three to five years. ”

The drama is finally here! Cen Yinquan and Ren Yigang glanced at each other, realizing that Zhong Shi was finally going to say the biggest purpose of today's come, but because the matter was related to the stability of Hong Kong's economy in the future, even if they knew that the other party must have a plan, they had to listen patiently.

"I believe you should be aware that although interest rates in the United States are gradually declining, the cost of financing the dollar is still very high. Of course, this high is relative to other markets. As a result, speculators will find ways to borrow capital from markets with low financing costs, and in large cases, the interest savings will be considerable. ”

"Looking at the global market, Japan is the world's second-largest economy that can borrow money at low interest rates. As we all know, due to the perennial sluggishness of the Japanese economy, in order to boost confidence, successive Japanese governments have adopted a low-interest rate monetary policy to stimulate the economy, so the cost of borrowing yen in the market is very low, even less than 1% per year, which is too low for the annual interest rate of 3% to 5% of the US dollar. ”

"So, speculators borrowed large amounts of yen from Japanese conglomerates as collateral with their own dollar assets, and then converted them into US dollars, which they then invested in the international financial market. Don't ask me how I know this, because I did it at one point. By now, you should understand what I'm talking about, right? ”

Interest rate differentials between countries are a common situation, because the economic development of different countries is different, so the central bank adopts different interest rates to stimulate or suppress economic development. Of course, holding US dollars is always the first choice for investors. For some capitals with a high degree of risk aversion, interest rates are their best investment varieties, and simple deposits, treasury bonds, and corporate bonds with high credit ratings are their favorites. When the cost of exchange is less than the interest rate, this capital tends to flow to countries or regions with higher interest rates.

For those less risk-sensitive and enterprising capital, high interest rates have become a drag on them, because it means that they have to be more aggressive and aggressive in the market to reap the benefits. Otherwise, if you can't even beat the interest rate, even the most loyal investors will inevitably have opinions.

While forging ahead, these capitals naturally have to reduce their costs significantly, so those countries or regions that can freely exchange for huàn currencies and have low interest rates have become their first choice for financing, and now there is such a ready-made country, Japan.

However, there is one thing worth noting about this type of financing, which is exchange rate risk, because after all, these funds are US dollar capital, and most of their investors only recognize US dollars, so if the yen fluctuates significantly against the US dollar. This capital may be subject to considerable risk.

Of course. At the beginning, they must have thought of this as well, so they must have the means to deal with it, such as hedging with options. Lock-in with forward currency contracts, and more. But no matter how the hedging measures are taken. Exchange rate risk is always a concern.

It's just that in the past few months, due to the impact of the Asian financial turmoil, the exchange rate of the yen against the US dollar has been declining. It even fell to the level of 130 yen to 1 US dollar, which made many international capitals wreak havoc in Southeast Asia while unintentionally making small and medium-sized profits.

In recent months, the Bank of Japan has been moving everywhere in an attempt to play the role of a savior in the Asian financial turmoil, wielding huge sums of money in an attempt to convince one country after another to be more closely linked to the Japanese authorities. But these countries, who have already understood the nature of the situation, dare to join forces with Japan to create a regional fund similar to the IMF, but only effective in Southeast Asia. So until now, although the Japanese government has thrown a lot of money away, it has still made no progress in politics, but the war almost burned their homeland.

Of course, everyone knows that although Japan has been affected slightly, it will never happen like the situation in Southeast Asia.

"What do you mean......"

Ren Yigang's thoughts turned sharply, and he quickly drew a conclusion from Zhong Shi's words, but this conclusion surprised him, and before he could say it, he had to verify whether his idea was correct.

However, when he came into contact with Zhong Shi's gaze and saw that the other party nodded slightly, after confirming that his thoughts were correct, the corners of Ren Yigang's mouth twitched slightly, and he fell silent.

Cen Yinquan is not a professional, and he is not used to the way the two of them only rely on eye contact, when he saw Ren Yigang thinking and wanting to speak, he couldn't help it, and urged Zhong Shi to say: "What the hell is going on, you better explain it clearly!" What's wrong with Japan? ”

"Oh, it's nothing!" A narrow smile suddenly appeared on Zhong Shi's face, and he raised his eyebrows and said to Cen Yinquan, "What do you think of letting the Hong Kong government use foreign exchange reserves to influence the trend of the yen in the near future?" ”

"How is this possible?"

Although Cen Yinquan is not a professional, he still has a small understanding of the foreign exchange market. Although the foreign exchange market of each country is composed of thousands of foreign exchange investors, and the final decision of the exchange rate is also the result of their wrestling, I am afraid that there is no second central bank in the world other than the Federal Reserve that will allow its currency to be "free" in the market, because the exchange rate is related to the fundamental interests of a country.

In fact, in every country's foreign exchange market, the central bank is the largest market maker.

However, if the HKMA uses its foreign exchange reserves to buy yen, even if the amount is small and the action is not large, such behavior is extremely taboo without notifying the Bank of Japan. It's like a tiger entrenched in two different places, if one steps on the line, even if it is unintentional, the other will be secretly vigilant.

"I don't understand yet, why should it be related to the yen?" After his veto, Shum Yinquan asked in bewilderment, "Could it be that buying yen will allow them to stop attacking Hong Kong?" What kind of logic is this, I said you two at least make it clear to me, what the hell is going on? ”

"It's a simple reason to go long on the yen and increase their financing costs, so that they need to pay more dollars to repay the yen loan." Ren Yigang slapped his thigh and couldn't help but praise him, but the next moment, he realized what Zhong Shi had just said to Cen Yinquan, and his two thick eyebrows suddenly rose again, "This shouldn't be feasible, how can we interfere with other countries' foreign exchange currencies?" ”

"yes!" Cen Yinquan also hurriedly agreed.

Zhong Shi crooked his mouth, his expression was very disdainful, and the next moment he raised his feet and walked outside, saying as he walked: "Since this is the case, then I have to talk to Soros and them!" ”

"Don't! Other! Ren Yigang hurriedly lowered his body, trotted a few steps, grabbed Zhong Shi, and said with a smile on his face, "Zhong Sheng, you are naked coercion, but it doesn't matter, what do you need, we will cooperate!" ”

After some kind words of persuasion, Zhong Shi said unhurriedly: "That Mr. Wang Xuehong Wang hasn't gone back yet, I need him to help me play a play now!" (To be continued......)

PS: Thank you to the book friend Huang Tianlong for voting for the monthly ticket! I hope you will support this book more, especially hope that new book friends who pay attention to this book will not be disappointed, the author admits that there are indeed a lot of problems at the beginning of this book, but then he has tried his best to improve, the author is working hard all the time, looking forward to more attention and support ~ thank you ~