After the meeting with Luo Qing'an, Fang Hong returned to the Meditation Villa and began to think about the foreign exchange market.

Looking at it now, the exchange rate reform is on the verge of being sent on the bow, and Fang Hong doesn't expect much change, so he can only acquiesce and roll out the follow-up related matters based on this premise.

The cost of this exchange rate reform operation is somewhat large, and the series of linkage effects caused by it have consumed a large amount of foreign exchange reserves, which is to pay trillions of foreign exchange scale to stabilize the situation.

The international bears suffered a big blow last month, and the second half of the year, especially at the end of the year, will certainly stir up the storm in the foreign exchange market.

There is one thing Fang Hong doesn't need to think about, a new round of financial war that began to break out in the foreign exchange market in the second half of the year is inevitable, and the stars will definitely not be able to watch from the wall, this meeting with Luo Qing'an, another meaning is that if something happens at that time, you have to come up to help, let alone take the opportunity to fish in troubled waters.

However, this kind of thing, even if there is no greeting at this level, it is impossible for Fang Hong to stand by and watch, the height of the stars is now resting there, it is impossible to watch the fire from the other side, it is really to the point that the fire burns his eyebrows, and he will definitely enter the field when it is time to make a move.

For the second half of the competition with international short capital in the foreign exchange market, Fang Hong is still full of confidence, Qunxing Capital's offshore funds are already extremely abundant, and it can be said that there are enough soldiers to deal with this foreign exchange war.

Moreover, Fang Hong also knew very well that the opponent actually had a scripture that was difficult to read, and he also had a great fear in it, and he did not dare to completely let go of his hands and feet to do things, and even in terms of difficulty at the operational level, he was not inferior to Fang Hong at all.

Because they have a problem that they must worry about, that is, once the big countries in the East completely lose the financial war, they may immediately face tens of millions of people mobilized to prepare for the war.

When you don't lose, you have a lot of scruples, and if you lose completely, you have nothing to worry about, anyway, you're barefoot and afraid that you will wear shoes?

Lost the financial war, but the industrial capacity and military capabilities have no substantial impact, these capabilities can really exist, the existence of the "Five Permanent Copies" has been cleared, if the table is directly flipped in anger, and tens of millions of people are mobilized to prepare for war, this scene alone can make the entire Blue Star tremble.

This is also very clear to the international bears, and it is also the most fearful place in their hearts, returning to the Stone Age is not the result they want.

So they are also very tricky and embarrassing, that is, they can't let the big eastern countries have a flash crash, otherwise the mentality will collapse and there will be no good fruit to eat if they lift the table directly, but they can't let the big eastern countries develop, and they need to fight without breaking, which requires the ultimate micro-operation.

The master of the last show of micro-gymnastics couldn't help but give a thumbs up.

To carry out extreme micro-manipulation means a very low fault tolerance rate, and a slight operation mistake may be lost, not to mention that there is also Fang Hong and the existence of Qunxing Capital on the side of the big country in the east, and he has been deflated by this opponent several times, and if he catches it, he will definitely lose very badly.

In the face of such an opponent, they cannot completely let go of their hands and feet, and it is actually quite difficult for them to look at this matter from the perspective of international bears.

As the saying goes, every family has a scripture that is difficult to read, and it is nothing more than that.

……

It's Monday, August 10.

Fang Hong is also paying attention to the trend of the stock market and the foreign exchange market, and it is not surprising that tomorrow will be the day when the news of the exchange rate reform is released.

Today's A-share market is very strong, breaking through the recent shock zone, the index opened more than 1 point higher, and then showed a unilateral upward trend throughout the day.

The two cities showed a general rise in the market, the 22 stocks under the galaxy once again collectively rose to the limit, more than half of the stocks are just a kick away from hitting a record high, such as quantitative capital today's limit, the stock price is 89.08 yuan, the market value is 1,245.4 billion, and it only needs to rise about 6.8 percentage points to break through the 95.14 yuan price to hit a record high.

Since the catastrophic market hit the lowest point of 44.04 yuan, the cumulative increase in quantitative capital has reached +102.27%, doubling, and the 22 stocks under the galaxy have basically doubled or are about to double.

Investors from all walks of life in the two cities of Big A never expected that the back of the galaxies would behave so strongly, and now looking back, the previous halving was an epic gold pit.

Who would have thought that other votes were all rebounds, and these votes of the galaxies were directly reversed.

Looking at this posture, it is to rush to the rhythm of setting a new all-time high, and they all think that the historical high in June, even if it is a high-quality target, may not be able to break through without two or three years, and as a result, these tickets of the galaxies are about to rush to a new all-time high, and such a trend makes countless short-footers regret slapping their thighs.

After today's close, the Shanghai Composite Index also rose +4.92% to 3,928.42 points after hours, and the 4,000-point mark is also close at hand.

……

The next day, Tuesday, August 11.

After breakfast, Tian Jiayi was about to go to the headquarters of Qunxing Capital, Fang Hong immediately stopped her and instructed: "Inform the trading team below, stabilize the stock market today, and the foreign exchange market will not move for the time being, waiting for my arrangement." ”

Tian Jiayi nodded: "Well, okay." ”

The beautiful assistant went to work in the company, and Fang Hong also came to the study on the second floor of the villa and immediately turned on the computer.

After the opening of the A-share market, the two cities as a whole showed a wide range of shocks, and the large-market index fluctuated back and forth in the range of 3900 to 3950 points, which is obviously the result of large funds to protect the disk.

At noon, a blockbuster news from Yang Ma shocked the domestic and foreign capital markets.

The central government announced the adjustment of the central parity quotation mechanism of the RMB exchange rate against the US dollar, and the market maker will provide the intermediate quotation to the foreign exchange trading center with reference to the closing exchange rate of the interbank foreign exchange market on the previous day.

As soon as this news came out, a thunderbolt sounded in the clear sky in the domestic and foreign capital markets, and the stock market fell in response, but there was a super main town, and there was still a lot of liquidity injected by Qunxing Capital as planned, and the shareholders did not react much, and the stock market as a whole was stable.

As soon as the news landed, the RMB exchange rate fell sharply by more than 1,000 basis points, especially the offshore RMB exchange rate against the US dollar fell sharply from 6.2134 all the way to the highest 6.4353 water level, and the maximum depreciation in the day reached 3.57 percentage points.

Many people engaged in the foreign trade industry are stunned, which is equivalent to saying that there is 100 million in their hands and directly shrinking 3.57 million in situ, and 10 billion is directly shrinking 35.7 million in one day, and the profits of enterprises are just a few points.

Good guys depreciate so much at one time, who can withstand this......

The violent fluctuations have also produced a huge arbitrage space, and players from all walks of life have also gone out to stage a fierce capital game to further amplify the volatility of the exchange rate market.

In fact, in the past five years, the RMB has continued to face appreciation pressure, and once it was about to break through into the era of 5, but with the pain of economic slowdown and industrial transformation and upgrading in recent years, coupled with the unilateral continuous appreciation of the exchange rate over the years, the market estimates that the RMB exchange rate has been expected to fall, especially the continuous decline in foreign exchange accounts for this year also indicates the sluggish demand for RMB, with obvious depreciation pressure.

But the whole market did not expect that Yang Ma would use such a direct way to open the exchange rate reform, giving people a sense of "knowing my sin, its only spring and autumn", no matter what the world commented, I did it, and let the world comment.

……