The whole market is exploding, and individual stocks in the sector have fallen heavily across the board, but there is one place that has become an exception.

That is, the price of gold continued to be high in the afternoon.

At this time, many people involuntarily thought of the blog post of Hongfa three days ago in their minds, and directly named and optimistic about gold.

Under the blessing of the "double BUFF" of the rising risk aversion and the K god, gold was robbed by funds in the afternoon, and the price trend of gold T + D soared all the way to the price of 233.1 yuan, with an intraday increase of +4.53%, and the price fluctuation of gold was much lower than that of the stock market, so the intraday increase can be called a skyrocket.

Now many people who hold assets are panicking, seeing that stocks cannot be held, and the renminbi is also depreciating rapidly, as if it is more reliable to hold gold, gold is a general equivalent with absolute liquidity, and it is recognized everywhere in the world.

What's more, even the god K suggested that gold could be bought now, which led to the situation of gold being robbed, and the price was naturally high in short supply.

As of the close of 15 o'clock, the three major markets closed down across the board.

The New Stock Exchange 50 Index plunged -7.88% to close at 921.15 points with a turnover of 107.1 billion, the Shanghai Composite Index plunged -6.86% to 3,296.26 points with a turnover of 240.9 billion, and the Shenzhen Component Index plunged -8.20% to close at 11,626.04 points with a turnover of 355.3 billion. The total turnover of the three major trading markets today totaled 703.3 billion.

Today, the offshore exchange rate market depreciated to the highest level of 6.6338, and finally closed at the level of 6.6296, down 0.92 percentage points, depreciating by more than 600 basis points, compared with before the exchange rate reform, in just four months, the offshore exchange rate of RMB has depreciated by more than 4200 basis points.

……

Meditation in the villa, upstairs in the study.

At this moment, Fang Hong was opening an encrypted video connection with the senior management, only to see the leader in the video video bluntly asked: "The external short-selling forces failed to achieve their wishes in the stock market, and now they have turned to the foreign exchange market, Comrade Fang Hong, what good strategy do you have in the foreign exchange market?" ”

Fang Hong did not hide it, and said neatly: "International shorts need to sell a large amount of RMB in order to make the RMB depreciate quickly and sharply, and through the depreciation of the offshore exchange rate market, the intention is to create panic in the market, and then drive the depreciation of the onshore RMB." Although we have trillions of dollars in huge foreign exchange reserves, if our own people are not confident enough and they are all in a run on foreign exchange, even 10 trillion yuan of foreign exchange reserves will not be able to withstand it. ”

The senior executive of the video connection nodded: "Not bad." ”

Fang Hong said: "Therefore, the lifeline of short capital is in the offshore market, and if the offshore exchange rate is stabilized, the crisis in the onshore market will naturally disappear." Qunxing has withdrawn money from global stock markets and mobilized enough dollar liquidity to prepare for a battle in the offshore market against international bears, malicious short-sellers, and those eager to smash arbitrageurs, but will need some help to ensure the ultimate victory. ”

As soon as these words came out, the senior management of the video connection nodded slightly, which was a full affirmation, and the position of the stars was unswerving.

The leader immediately said: "If you need anything, just say it, and all parties will work together to cooperate with you." ”

Unlike the last A-share bailout, which was discounted to the market, this time the foreign exchange market can make money and make a lot of money.

Hearing this, Fang Hong said: "The strategy is to pump water. In addition, it is necessary for intermediary financial institutions in Hong Kong to stop lending renminbi and cut off the channels for international shorts to obtain renminbi at the source. ”

"As long as the source is choked, I can drain the rest of the water in the pool, and the fish that leaves the water is the meat on the chopping board. The sudden contraction of the RMB supply chain will inevitably lead to a spike in the overnight lending rate of the RMB in Hong Kong, which will significantly increase the cost of international short capital intervention in the RMB. ”

"The bears are short of ammunition, and it will be easier for us to raise the RMB exchange rate and the cost will be smaller, as long as the water at the source is choked and no longer flows into the pool, I can drain the remaining water in the pool, and I will have absolute certainty of defeating the bears."

At the end, the senior management of the video connection quickly said: "Okay, I understand what you mean, you don't have to worry about the water from the source, it will be completely choked for you, you just have to deal with the remaining water in the pool and thwart the external forces that short the RMB." ”

Hearing this, the source problem was correct, and a high-level official gave this sentence, Fang Hong did not have to worry that the water in the pool would never be pumped out, and immediately said: "Please rest assured that the offshore market will be handed over to us." ”

The senior management was very satisfied: "With your words, I will wait for the good news of victory." ”

Fang Hong's ability in the capital market, the senior management is now not doubtful at all, looking at the whole country, the stars are the most capable in the financial field, Fang Hong clearly promised that if he can win, then he can definitely sleep with peace of mind and wait for the good news of victory.

If you can't even do the stars, let alone others.

After ending the encrypted video connection with the high-level, Fang Hong called Tian Jiayi over and instructed: "Inform the traders of the foreign exchange market that tomorrow we will increase the blocking efforts, but we must let the bears win narrowly, and increase the blocking efforts again the next day, but if we want the bears to win, we must pay attention to controlling the rhythm, and on the third day, the remaining water in the pool is almost pumped, so there is no need to cover it up anymore, and attack directly." ”

"At present, the RMB overnight lending rate in Hong Kong is less than 4%, and on January 7, we began to fight back in an all-round way, and after the water was completely drained, we will blow up the RMB overnight lending rate around January 12, from less than 4% now to more than +120%, first clean up those speculators and things that eat inside and out, and then do the final sniping with international short capital."

Tian Jiayi nodded: "Well, okay, I'll arrange it when I get to the company tomorrow morning." ”

The overnight call rate soared to more than +120%, which is the rhythm of directly killing the bears, and the overnight call rate is not an annualized interest rate, but a one-day interest rate on behalf of borrowing.

In other words, if you lend 100 million yuan on the same day and the overnight interest rate soars to +120%, then you need to repay the principal of 100 million yuan and +120% interest 120 million yuan to the borrower tomorrow, and the total repayment of principal and interest will be 220 million.

The foreign exchange market is super god every minute, and it is super ghost to play directly in place every minute, especially if you play foreign exchange, there are few who are not on high leverage, Fang Hong will cut down with a sickle for those speculators who take the opportunity to go back and forth to arbitrage interest rate differentials and those who eat inside and outside, and directly cut the roots.

The interest rate for one day is 1.2 times, and the converted adult interest rate is 438 times, and you can earn more than 1.2 times the rate of return in one day without losing money, not to mention that you can't bear it for half a day, let alone a year.

Obviously, Fang Hong either didn't make a move, and once he made a move, he didn't give the opponent a chance to react at all.

If Qunxing Capital wants to achieve high growth in this year's performance, it is counting on harvesting these speculators and outsiders.

Fang Hong is even more aware that international short capital will launch several rounds of sniping in the offshore RMB market throughout this year, and compared with the next few rounds of sniping, the current January is relatively small.

……