More than 40 billion.

The country's foreign exchange is more than 90 billion yuan.

This battle, no matter how you look at it, has won, after all, it has not lost only by relying on the country.

And winning means making money, earning the money of those bears, because this time Jiang Chen is a long party.

It's just that you will earn less, you can't open leverage, and you will have real funds to take over.

But the development of the whole event is still full of magic.

Judging from the timeline, this is not the first time that the bears' eyes have come to Xiangjiang.

In fact, the bears have been here a long time ago, but when they came, Xiangjiang returned, and the market enthusiasm was so high that they didn't get any bargains.

The confidence brought by the return made Southeast Asia indeed collapse, and the Hong Kong stock market continued to rise, breaking through 16,000 points in one fell swoop in mid-August.

Before the eyes return to Xiangjiang again, the first thing the bears are staring at is not Xiangjiang, but the Taiwan dollar.

Yes, the Taiwan dollar.

If there is no accident in the South Korean market, then the new Taiwan dollar will be the key target, and in fact, after the looting of the Korean market, the bears are indeed attacking the Taiwan dollar.

Jiang Chen was not involved in this matter.

It's not that he doesn't want to, but it's not suitable, and besides, he doesn't know what role the Taiwan dollar has played in this crisis.

Because in his known memory, there is no figure of the Taiwan dollar.

There was no expectation, and there was no plan for the end, the Korean market was over, and before the Battle of Xiangjiang began, the bears gathered to attack the gap of the New Taiwan dollar, and his attention was on Xiangjiang.

Because he thinks that this will be the new target of the bears after South Korea.

It's also because it's a battlefield that must be defended.

He's done a lot of deployment here as well.

On the one hand, it is to gather funds to prepare for the operation against the Hong Kong dollar, and on the other hand, it is to short the stock market.

Yes, the foreign exchange market is underpinning, and the stock market is short, both at the same time.

This may sound paradoxical, but it is actually quite scientific, because even if you win in the foreign exchange market and successfully maintain the exchange rate, you will not be able to organize the stock market to fall.

On the contrary, the more funds are gathered to snipe in the foreign exchange market, the more it will cause the stock market to plummet, because all the money flows from the stock market into the foreign exchange market.

The bears do the same.

Starting from the Thai baht, the bears are eating at both ends of the foreign exchange market, and before the battle against Xiangjiang has begun, there are already people secretly in the stock market.

This is difficult for the outside world to detect.

But the fact is that since September, the stock market has continued to increase the number of open interest futures contracts, all of which are short-selling.

That being the case, then why not go short yourself?

Since the stock market decline cannot be stopped.

Since it will be harvested anyway.

Then I'll harvest myself, okay?

It sounds.

As a special adviser, Jiang Chen's proposal at the meeting also attracted a lot of opposition.

But if you think about it, it doesn't seem impossible.

One: Rather than being harvested, it is better to harvest yourself.

Second: the plate is so big, there is only so much that can be harvested, and if I harvest more, the enemy will harvest less.

So in the end, the proposal passed.

This piece didn't cost much money, Jiang Chen took out three billion, the country two billion, and he himself one billion, as soon as the leverage is opened, how the short side operates and how to operate it will be over.

Because the state said that it could not pump out excess money, after all, the currency market is more important to the country than the stock market.

The effect is also okay.

A total of $3 billion in funds, fully leveraged, theoretically able to raise tens of millions of dollars.

In fact, although it is not that much, it has also increased nearly tenfold, to more than 20 billion.

This is equivalent to a piece of the cake belonging to the bears.

At the same time, as a big short entered the market in advance, the stock index was also beaten down.

In this way, the risk of subsequent shorts entering the market is relatively large, because even if they win in the end, the profit margin is relatively small, after all, the price is low when selling short.

If you're unlucky, it's not impossible to become a leek.

And the final battle began, stemming from the abandonment of the new Taiwan dollar.

Yes, forsaken.

This day, October 16, Thursday.

The sky was a little overcast, and between the surging clouds, there was a faint roar of thunder.

Unknowingly, Jiang Chen has been here for more than four months, and the season has quietly moved from midsummer to late autumn.

During this period, he barely paid attention to the company's affairs, and just stared at this side wholeheartedly, but he was still very busy, and he was woken up by a phone call in the middle of the night to have a meeting, which was a common thing.

Luo Qing is no longer here, to be precise, she has come and gone, she has come and gone several times, but she is not here at the moment.

He wanted to buy a house to live in first, after all, he didn't know when this battle would last, and it was not a matter to stay in a hotel.

But look at this house price, look at this so-called mansion......

Forget it.

It's better to stay in a hotel first.

On this day, just after a routine work meeting, the news came that the new Taiwan dollar was abandoned.

"How so?"

"Why did you give up all of a sudden?"

"If I'm not mistaken, I only spent a total of five billion dollars, and the foreign exchange over there is still sufficient!"

"It is very sufficient, conservatively estimated, there is no less than 80 billion US dollars in foreign exchange over there!"

“……”

News.

Without warning, the NT$ was abandoned, so there was no doubt that all the pressure would come to Xiangjiang's side.

The problem is that that there is fully capable of holding on, and the international financial community generally believes that the new Taiwan dollar will not fall.

Faced with this news, Jiang Chen didn't know what to say for a while.

But thinking about the urine over there, it's not particularly difficult to accept, because from beginning to end, it's not a teammate, and it's said that pig teammates are all lifted.

After a brief riot, Ren Zhigang, then Chief Executive of the HKMA, asked, "Mr. Jiang, what do you think about this?" ”

Jiang Chen thought for a while and shook his head: "The soldiers will come to block it, and the water will cover it." ”

After the words fell, the words changed, and he smiled freely: "You don't have to be nervous, since July 1, the intention of international speculators to get involved in Xiangjiang has not been broken, and it is a matter of time before the crowd comes."

And we're not unprepared, are we? As long as they dare to come, they must be mentally prepared to cut off their hands and feet. ”

"Okay, with your words, we are relieved, and you can rest assured, Xiangjiang's economy is not so fragile, backed by the motherland, and we have the confidence to meet any challenge."

Although he is not very old and usually doesn't talk much, Jiang Chen has become one of the backbones invisibly.

Because the results are so brilliant, the outside world may not know, but most of them know here that in this crisis, this young man is definitely one of the most ruthless.

If Soros is a giant on the surface, then he is definitely a giant hidden in the shadows.

Now that all the chips of such giants have been smashed in, and there is the full support of the state, even if the jackals, tigers and leopards are swarming, what is there to fear?

Just fight!

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