I have to say that Li Bin's trick to the other party is very vicious: first, Zhongshi is subject to the relationship of interests and cannot let go of his hands and feet; Second, international institutions can take advantage of this opportunity to stir up trouble and re-send the renminbi; The third is that if the Tianyu Fund continues this interest relationship, then Zhong Shi will not sit in this position for too long, and he Li Bin can naturally ascend to the position. Pen & Fun & Pavilion www.biquge.info

Kill three birds with one stone.

It's just that Li Bin lived the belly of a gentleman with the heart of a villain, and completely missed a possibility, that is, Tianyu Fund did not get involved in the RMB market at all.

However, with his temperament, he would never have thought of this, because he firmly believed that the world was as black as a crow.

It's just that Li Bin didn't think about it at all, Zhong Shi and him are not the same kind of people at all.

"Have you heard of any recent market rumors?"

Two days later, in the office of the governor of the central bank, Governor Jin said to Zhong Shi in front of him with a serious face, "Is there anything you want to say about the rumors about Tianyu Fund's involvement in the RMB exchange rate?" ”

For Zhongshi's work, President Kim is quite satisfied. When he took over, without using any foreign exchange reserves, the renminbi rose for five consecutive trading days, a result that swept away the pressure on his shoulders and made his whole person feel bright.

It's just that the good times didn't last long, and soon there was news in the foreign exchange market that Hong Kong's Tianyu Fund swept the goods in the offshore market, which led to this wave of RMB soaring.

Generally speaking, including the spot market and the offshore market, the total amount of RMB transactions per day is around 50 billion US dollars, most of which is the business needs of commercial banks, which are rigid demands, and must be traded regardless of whether they rise or fall. Although the share of speculation is not much, if there is a large amount of buying or selling in the short term, it can still affect the trend of the RMB exchange rate.

When the rumors first emerged, Governor Kim didn't take the news too seriously. After all, Zhongshi has not used his foreign exchange reserves so far, which means that even if the rumors are true, Tianyu Fund has not profited from them. But as the rumors continued to ferment, it gave him a smell of conspiracy.

For this reason, he had to talk to Zhong Shi to stop the further expansion of this situation.

"This ......"

He pondered for a moment and tactfully persuaded, "If you have behaved like this before, I hope you can stop, after all, it may constitute a suspicion of insider trading." As for the previous one...... We've got it covered. ”

I have to say that his statement is quite generous.

It's just that President Jin's statement is also based on Tianyu Fund's participation in RMB foreign exchange transactions.

"Governor Jin, what are you talking about?"

Zhong Shi frowned when he heard this, and retorted in an unkind tone, "So, you also think that the Tianyu Fund is involved?" I've been in the industry for so long, don't I even have this kind of awareness? ”

"No?"

President Jin was a little stunned, subconsciously looked at Zhong Shi, only to see the other party's face open and awe-inspiring, his heart was a little clear, and he immediately laughed and said, "That's good, that's good." It turned out that the fuss was pure rumors. Look at this trouble, it makes me worry in vain. ”

Hearing Zhong Shi's personal denial, although President Jin felt a little embarrassed, he finally got rid of a piece of heart disease, and his mood suddenly became better.

"But Governor Jin, don't you think there is a strange smell in this matter?"

It's just that President Jin wanted to expose it, but Zhong Shi refused, and chased after him relentlessly, "A few days after I took office, such news came out of the market, which can be said to be a false slander and slander against me. Governor Kim, this matter can't just be left at that! ”

"Of course not."

President Jin has always believed that Tianyu Fund is involved, but this is not the case. Hearing Zhong Shi say this at this time, his heart suddenly moved, and he fell into deep thought, "If this is not the case, then what is the purpose of this rumor?" It shouldn't be as simple as just slandering you, right? ”

"Not just for me, but also for the yuan."

Zhong Shi took the opportunity to analyze, "There are only a few people who know the news of my appointment. And as far as I know, this news first came out of the foreign market, so can I be so bold as to guess that some of us are involved in foreign institutions that are short the yuan? ”

"This ......"

What Zhong Shi wanted to express, President Jin didn't understand, but this kind of thing affected his whole body, even he couldn't express his position immediately, and immediately said, "You can't speculate like this for the time being, it will affect the mood of the comrades' work, but what you said is also a possibility." In this case, I will communicate with my colleagues on the public security side and ask them to check privately to see if there is any such situation as you said. ”

On the one hand, he did not want to make a big fuss, and on the other hand, he believed that Zhong Shi's statement was reasonable, so he had to adopt a compromise method and let the procuratorate intervene in the investigation.

Of course, his wishful thinking was that the procuratorial organs would perfunctorily check and pass, and it would be enough to give an explanation to the above, below, and Zhongshi.

But what he didn't expect was that the procuratorate would go along the lines and finally find out Li Bin. When the news was announced, it caused a sensation in the entire Chinese financial circle and shocked the head of the gold bank.

"Okay, then I'll go to work first."

It's just that Clock Stone and President Jin didn't know that the decision made during the conversation between the two actually pulled out such a moth for the country. Seeing that the conversation was over, Zhong Shi made a very interesting farewell.

"Work hard and don't overthink it!"

President Jin was in a good mood, and at the end he didn't forget to tell Zhong Shi, and watched Zhong Shi leave his office with a smile.

"Damn, they made a move!"

After leaving, Zhong Shi looked gloomy, went into the conference room alone, dialed Paulson and others, and held a meeting on the phone against short sellers.

"You're talking about rumors?"

Although they were very unhappy to be called in the middle of the night, Paulson and the others did not complain, as long as there was interest. Hearing Zhong Shi's complaints, Paulson was the first to come to his senses and asked, "Is it about the rumors against the Tianyu Fund?" ”

Zhong Shi and the others were able to hear it, and Paulson and the others naturally received the relevant news.

"It's a conspiracy!"

Zhong Shi gritted his teeth and said, "This is an out-and-out conspiracy to tie my hands and feet so that they can go short without impunity. I'm sure that if I get off the stage, they will immediately liquidate their positions and leave the market with a profit. ”

"The question now is, how long will you be able to stay in this position?"

Dario was obviously aware of the key to this, and immediately asked without thinking, "If you step down early because of this rumor, although we are not very worried about the follow-up, after all, there are some more uncontrollable factors, and our position will be reduced as a result." But if you continue to be in this position, we don't have to worry about anything. ”

"Hey, hey, Raymond, you're a good plan!"

Zhong Shi sneered unceremoniously, "Follow me, have I ever made you suffer?" Is there anyone else who thinks that way besides him? If you're going to quit, I don't mind letting you quit now. ”

"I'm sorry, Mr. Zhong, I didn't mean that......"

Realizing that he had offended Zhong Shi, Dai Lio quickly apologized, "It's just that the form is different, we are still optimistic about the exchange rate of the RMB in the long run, although fluctuations in the short term are inevitable." Besides, we're not a professional exchange rate operator, so it's no surprise to be worried. But I said guys, we all believe Mr. Chung, right? ”

"Yes!"

"That's true!"

Paulson, Griffin, and others spoke.

"Okay, that's it for now."

These people are basically mercenary, and it is very difficult to get them to preach morality, Zhong Shi knows this, although they have cooperated many times, if this time it is not profitable, they will turn away without blinking. In this regard, Zhongshi can only unite them around him by striking them at the right time.

"I have a plan to not sell in the next few days, so that they can eat up enough short positions and then catch them all when necessary!"

Originally, Zhong Shi was in charge of foreign exchange transactions, with the aim of stabilizing the RMB exchange rate in the market, and by the way, to crack down on the currently rampant bears. But after pushing up the RMB exchange rate for five consecutive trading days, these bears did not know how to advance or retreat, but instead hit Zhong Shi's head with their ideas, which made him a little unbearable.

So he plans to sell a flaw first, and wait until these bears think they have the situation in their hands before annihilating them in one fell swoop.

Naturally, Paulson and others would not have any opinion on Bell Stone's strategy.

"But gentlemen, this time we will not use the power of the Huaxia Central Bank."

Just when everyone was secretly proud of Zhong Shi's idea, Zhong Shi suddenly threw a bombshell, "We have to rely on our own strength, no problem, right?" ”

"What's going on?"

"If there is no Huaxia Central Bank, can we rely on it alone?"

"Didn't do what we said before?"

According to the previous plan, Huaxia Central Bank and several hedge funds jointly intervened to crack down on shorts in the market. It is precisely because of the backing of the Huaxia Central Bank that several hedge funds dare to sweep the market so unscrupulously. It's just that now Zhong Shi said this, which means that their positions are all risk exposure, and this change makes them difficult to accept for a while, and they immediately shout.

"This rumor is a wake-up call for me!"

After they finished shouting, Zhong Shi said lightly, "Even if the Tianyu Fund is not involved, there are rumors that I have carried out the transfer of benefits. If your identity is revealed, then I will be called a traitor. This is not only my disrepute, but even the Chinese government will lose face. ”

Paper can't hold the fire. If Zhong Shi didn't take this into account before, then this rumor was a wake-up call for him. Because no matter what he does, he is suspected of conveying benefits. In the end, there is only one way to solve the siege, and that is to not use the foreign exchange reserves of the Huaxia Central Bank.

"But don't worry too much, the Tianyu Foundation will fully join this battle."

As soon as the conversation turned, he calmed the crowd again, "Give them a heavy blow at the right time." It's just that I'm afraid I'll have to resign from my current position at that time, after all, the rumors of the so-called 'transfer of benefits' have been confirmed. Guys, do you have any confidence to let the bears blow out in this situation? ”

If Tianyu Fund intervenes in the RMB foreign exchange market, it is naturally impossible for Zhongshi to continue to sit in this position. However, his statement still made everyone feel very satisfied.

Although the amount of assets of Tianyu Fund is far less than that of Huaxia Central Bank, the amount of funds available to them in the short term far exceeds the latter. If only in the short term, if Tianyu Fund intervenes, it is entirely possible that they will put the bears to death.

"Absolutely!"

Paulson was the first to shout, followed by Griffin, Dario and others.

The whole thing was settled.

In the next three trading days, due to the news of "Zhongshi's interest delivery", many shorts poured into the RMB bears, which also caused the RMB to fall for three consecutive days.

On September 9, after six consecutive days of decline, the yuan again came to the 6.5 mark. (To be continued.) )