Chapter 539: A Slap to the Head 4

readx;?ā€œ Okay guys, I'm Zhongshi. Pen @ fun @ pavilion wWw. biqUgE怂 ļ½‰ļ½Žļ½†ļ½ā€

After the meeting, Zhong Shi hurried to the trading floor of the central bank, where a large group of traders had been waiting for a long time. When Zhong Shi appeared, they looked at the young man in front of them and showed disbelief.

Zhong Shi and the others just glanced at it slightly, and they took in everyone's surprise. In the eyes of everyone, I saw him say slowly, "I will work with you for a period of time in the future." I don't care if you welcome me or not, but my orders must be fulfilled for me, do you hear? ā€

His last sentence suddenly raised his voice.

I have long heard that there is going to be a change, but in exchange for such a young person, it is inevitable that traders will have opinions in their hearts. While these traders are no different from other traders, being able to work in a place like the central bank is a testament to their competence, and it is not a problem to be a little more horizontal.

But in Zhong Shi's opinion, their ability was nothing at all, at best they were just a bunch of machines that listened to orders. However, in this kind of place, it is still necessary to come to such a dismount, otherwise these people will still be able to cause him a lot of trouble if they don't listen to the command at a critical time.

"Yes!"

Naturally, these traders would not touch Zhongshi's head at this time, and immediately replied in unison. It's just that their voices have a little bit of it...... Not loud enough.

"I might as well tell you that just a month ago, I was working on the bailout fund."

Zhong Shi, who knew this, sneered secretly and continued, "Later, something went wrong, and I believe you all know what happened in the stock market." To tell you the truth, many people have already been targeted, and it is not uncommon for them to be taken away directly by the procuratorate. I don't want anyone on this team to end up in jail. ā€

Here he played a clever trick and did not make it clear why those people were taken away.

Hearing this, the trader's heart suddenly sank, and his gaze changed when he looked at Zhong Shi again.

Although it is not clear why their colleagues were taken away, the newspaper has reported the news that many people have been investigated during this time, and they naturally do not doubt the authenticity of Zhong Shi's words. Once taken away, it basically means the end of their careers.

Even from the perspective of this pros and cons, it is enough to cut off their careful thinking.

"Mr. Zhong, I'm Fang Zhouyuan."

Seeing everyone's reaction, Zhong Shi nodded with satisfaction, walked to the supervisor's position, and sat down unceremoniously. Seeing his behavior, the traders hurriedly took their positions and began to prepare for today's work.

At this time, a man in his thirties walked over, he had a dignified face with Chinese characters, and a plate with only one knuckle length, and the whole person looked very energetic. Fang Zhouyuan is the deputy director of the trading department, and is responsible for assisting Zhong Shi in his work. When Zhong Shi sat down, he immediately explained to Zhong Shi, "According to the previous deployment, our trading department will intervene when there is abnormal fluctuations in the offshore RMB market, which is a passive intervention. But Mr. Zhong, is it time to change your strategy? ā€

Finally, he asked cautiously.

As the saying goes, "once a son of heaven and a courtier", everyone in charge has different ideas, and Ark has a deep understanding of this. Originally, they just did some hedging transactions, and the work was not complicated and tedious. However, some time ago, when Gao Dongfang and others paid attention to the foreign exchange market, they gave such a corresponding strategy, which made traders become active in the market.

Now that Zhongshi is talking about things, there will definitely be more changes, so Fang Zhouyuan asked such a question.

"Don't worry, let's see the performance of the offshore market first."

Zhong Shi waved his hand and said with a big grin, "Looking at the performance of the offshore market, I think there will definitely be changes." ā€

Compared with the domestic spot market, the RMB offshore market centered on Hong Kong is more than superior in terms of transaction size and influence, so the trend of h is the focus of foreign exchange traders.

As soon as the so-called connoisseur makes a move, he will know if there is one. Just by Zhong Shi's direct point, Fang Zhouyuan realized that the other party was superior.

However, Zhong Shi's words puzzled him again, because Zhong Shi's words were equivalent to saying nothing, which made him a little unable to believe his ears, and couldn't help asking, "Do not do anything?" ā€

"There will be a resolution from the central bank that will raise the overnight lending rate of the renminbi in Hong Kong, and you will know in a moment."

Seeing that the other party hadn't left yet, Zhong Shi couldn't help but add, "This will increase the holding cost of international shorts, let them give back some interest first." If they are still stubborn, it will be a fatal blow to them. ā€

"You're right, but we really don't do anything at all?"

Fang Zhouyuan still did not give up, and asked again, "H's exchange rate has broken through 6.5, and our previous goal was not to let the exchange rate break through this line, so after the bears broke through the exchange rate above 6.5 several times, we resolutely beat them back." If you don't do anything today, isn't it a bit unreasonable? ā€

"That's ......"

Zhong Shi touched his chin and thought about it, then said, "Since this is the case, then your task today is to make a move when the exchange rate falls below 6.5, continue the previous strategy, and don't let the exchange rate fall below 6.5." ā€

"This ...... All right! ā€

Seeing Zhong Shi lower his head, Fang Zhouyuan realized that the other party didn't have the heart to talk to him, and immediately retreated.

In fact, according to Zhong Shi's idea, he plans to solve all the international shorts at one time, and they will not think about shorting the RMB for a few years. However, the central bank insisted on raising the overnight lending rate of the renminbi in Hong Kong first, so he agreed to use the news to see the market's reaction.

Because the yuan closed at 6.5077 on the previous trading day, the exchange rate was fixed at the closing price as soon as the market opened. International bears finally broke through the 6.5 mark after two consecutive days of selling. Therefore, after the opening of the Hong Kong foreign exchange market, they immediately sold RMB everywhere in the market.

The yuan in the offshore market immediately came under pressure and began to fall further, soon falling by 39 basis points to a low price of 6.5116. As Clock Stone finished talking, the central bank's money began to come in, buying renminbi in the market everywhere.

The central bank's intervention caused a change in the market, and soon the yuan stopped its decline and slowly recovered towards the 6.5 level. Immediately afterwards, some Chinese-funded banks also began to take action, and the market ate the potentially profitable renminbi, which caused the exchange rate to rise further.

By midday, the renminbi was back at 6.5.

Zhong Shi basically didn't do anything this morning, he had been immersed in reading various research reports, and the chaotic noise in the trading room didn't seem to affect him at all, which surprised many traders who had been paying attention to him.

In the afternoon, the trading continued.

"Strange, why hasn't there been any movement yet?"

After the target price returned to 6.5, the frequency of traders also decreased and they began to become idle. But at this moment, Zhong Shi suddenly got up from his seat, came to the big screen in front of the wall, put his hands on his elbows, and said to himself, "The calculation time should be about the same." ā€

"What time is it?"

Zhong Shi's behavior made the traders puzzled, although his words were muttered quietly, but since he got up, everyone consciously stopped talking, and the whole trading hall can be said to be smelling the pins, so most of the traders present heard his words.

Immediately, the traders looked at each other, trying to find the answer in each other's expressions.

Seeing this, Fang Zhouyuan couldn't sit still any longer, walked up to Zhong Shi and asked in a low voice, "Mr. Zhong, what time is almost up?" ā€

He spoke in a very small voice, after all, it was necessary to pay attention to the impact.

"I mean, the renminbi should have gone up."

Zhong Shi ignored it, and said loudly and uncharacteristically, "According to my analysis, the RMB should have risen at this time, but I haven't seen any signs so far, don't you say it's strange?" ā€

"Up?"

Fang Zhouyuan was stunned for a moment, unable to speak for a long time. At this point, he didn't know what to say, so he could only smile wryly and shake his head.

Not only Fang Zhouyuan, but also a group of traders in the trading hall were also confused, because from a fundamental point of view, there was no sign that the yuan was going to rise, because they themselves were the biggest bulls in the market.

Some traders even wondered if there was something wrong with the new manager's head.

"Look, it's up!"

A trader who was watching the market suddenly shouted loudly.

Hearing his shout, those traders who were still in a daze hurriedly looked at the screen, only to see that the screen suddenly jumped, and the RMB in the 6.5 position rose like this, and directly jumped 10 basis points at one time, which surprised the traders.

Generally speaking, the exchange rate, like bonds, is an investment product calculated in basis points, and each basis point is only as much as 0.0001. However, this change in magnitude, under the amplification of the amount of funds and hundreds of times of leverage, has become an astronomical figure, and the amount of funds in terms of gains and losses is not inferior to other investment varieties.

So the market jumped by 10 basis points all at once, and this caused the exclamation of traders.

Of course, this change is still nothing compared to the fluctuations of the day.

"It's really gone up!"

Fang Zhouyuan, who was still smiling bitterly a moment ago, was stunned at this time, and his gaze at Zhong Shi changed, intentionally or unintentionally with a trace of respect.

"Sure enough, I made a move, but I talked about credit, but I don't know if they have set a strategy?"

The 10 basis point rally was just the beginning, followed by a continuous rise in the yuan, rising by more than 100 basis points in an hour, directly breaking through 6.4900 and rising to the 6.4 range.

Zhong Shi knew this, knowing that it was Paulson and the others who were exerting their strength, so he immediately nodded with satisfaction, and said such a sentence to himself.

"Mr. Zhong, this ......"

At this time, Fang Zhouyuan's heart was as itchy as if there were thousands of cat claws scratching, and he couldn't help but ask, "What the hell is going on?" Why do you say that the renminbi will rise, but it will really rise? ā€

There are many reasons for the rise of the yuan, but it is absolutely impossible that it is because Zhong Shi said it casually, there must be other reasons for this. Fang Zhou Yuan thought about whether there was something he didn't think of, but the young man in front of him was keenly aware of it.

"Not only today, but it will continue to rise in the next trading day."

Glancing at the other party lightly, Zhong Shi said in a meaningful voice, "You don't have to do anything, and the yuan will take the initiative to rise, isn't it good?" ā€

"It's good, but it's ......"

Fang Zhou blurted out far from thinking, but the next moment he realized that Zhong Shi didn't intend to answer this question for himself, and his voice unconsciously became low, "What the hell is going on?" ā€

No one gave him an answer to this question!

The yuan opened at 6.5077 on the day and began to rise after breaking through 6.5 during the session, rising a total of 187 basis points, or 0.29%, the largest increase in the yuan in this period. (To be continued.) )