Investors from all walks of life were in a state of confusion when they saw the news, and almost all the major stock bar forums and exchange groups in the evening were discussing the sudden suspension of the circuit breaker mechanism, and all kinds of noisy voices were endless.

[Heavy news, the circuit breaker mechanism has been stopped!] ]

[Oh~~]

[How so?] This is yet another successful, large-scale, globally rare, and highly participatory sociological experiment...... (Funny .jpg)]

[It's really outrageous to open the door to the outrageous, outrageous to home.] ]

[Faint tricks keep laughing non-stop, and the family is not so child's play, can you still play a little more?] ]

[The circuit breaker mechanism was set after the stock market crash last year, and it was made four big circuit breakers in just four days, and it was said that the two-way floating of the RMB is conducive to the internationalization of the RMB, I am not a conspiracy theorist, but this logical relationship and picture are too beautiful, I dare not look at it......]

[Oh my God, how much stamp duty is less than the 80 billion trading volume in one day, hurry up and withdraw it for me...... (Shiba Inu .jpg)]

[The SGX next door does not engage in circuit breakers, but comes up and greets directly on the main board, which is also a service!] ]

[There are small and medium-sized boards, gems, these can be tested on a pilot basis in these plates before implementation, no problem, and then promoted to the main board, can't it?] Isn't it necessary to test a program before going online? There are internal tests, α tests and β tests for making a game, so it's good for you to come up directly for such a big thing and not delete the public beta? Is there such a play? ]

[I think, either the head of the village wants to slap the face of those retail investors who begged grandpa to sue grandma to break the circuit breaker mechanism (there are really many such people, making money to praise themselves for being smart, and losing money to scold ZF for being incompetent), or the head of the village is really stupid......]

[The short side is like this, first take the circuit breaker hype, and then render foreign exchange, you say that the RMB falls, but the big A has already adjusted in advance, and it is very appropriate, the bears see you open low, spend tens of billions of dollars to smash it casually to -4%, and the small scatter will automatically follow, and then -5%, -7% will not work, the small scatter has no brains to follow, and the bears are simply not too comfortable. ]

[Pessimistic expectations are self-fulfilling to a certain extent.] ]

[Buy a lesson, isn't it just 6 trillion...... (scared .jpg)]

[Shanglian: 1,000 shares fall to the limit and bid farewell to the old year.] Downlink: Thousands of people burn money to welcome the New Year. Horizontal batch: circuit breaker mechanism. ]

["Historical Records: The Biography of the Circuit Breaker": The circuit breaker, made to curb speculation, was born for four days, made a big fuss in the two cities, and died. ]

[You know the history...... (Shiba Inu .jpg)]

[Remember, no matter what sins you created in your previous life, as long as you speculate in A shares in this life, you will pay it off.] ]

……

The circuit breaker mechanism that Big A just implemented was stopped by the speed of light after four days of operation, and there are even rumors at this time that the village chief himself has taken the initiative to resign and resign, and is no longer presiding over the work, and it is rumored that the news will be announced on the weekend.

Now all kinds of news are flying all over the sky, and it is difficult to distinguish between truth and falsehood.

Fang Hong's personal Weibo account is also very lively, and the comment area of a recent dynamic blog post generated a large number of comments today.

He was actually diving onlookers, and the outside world wanted to see him comment sharply on this matter, but he didn't jump out and say anything.

Because I can't say anything.

And the real situation is much more complicated than the vast majority of shareholders think, the reasons and the interests of all parties are involved, intertwined, extremely complicated, how can you say it clearly in a few words?

The most important thing is, what can you do?

Besides, at this time, Fang Hong doesn't have this effort, and the foreign exchange market is about to enter the preliminary harvesting stage, which is the point.

The second is the SGX, doing a good job of this is more important than anything else, at the current juncture, the new stock 50 index short-term upward breakthrough is unlikely, and it is inevitable to follow the fall, 22 galaxy concept stocks have already hit a record high after no adjustment.

It is impossible for Fang Hong to continue to raise at this time, let some funds run away at this time, and then escape from Kairun? Isn't that an act of giving money? If necessary, it is also necessary to kill and fall, so that they can slash in the low position.

……

The next day, Friday, January 8.

After the A-share market opened on the last trading day of the week and the circuit breaker mechanism was suspended, the A-share market rebounded +1.97% to close at 3186.41 points in today's A-share market.

The rebound in the stock market is also inseparable from the strength of the offshore RMB exchange rate market today, which appreciated by nearly 500 basis points at one point, pulling the exchange rate below 6.65.

However, shortly after the stock market closed, the army of bears in the offshore exchange rate market began to frantically counterattack and retake their positions, and finally closed at the 6.6830 level.

On weekends and weekends, on the news side, the state is also targeting the layout to lock up the outflow of RMB, and on weekends and weekends, there have been news that relevant parties have further cracked down on renewed trade, false investment, and underground banks.

……

Monday, January 11.

The army of bears continued to fight back strongly in the offshore exchange rate market, and the exchange rate once again fell below the 6.7 mark, depreciating by more than 200 basis points. Affected by this, the A-share market also opened lower today.

At the same time, Fang Hong, who was in the trading room on the second floor of the villa, called Tian Jiayi and instructed: "Today, you can swing the real sickle out and harvest, and inform the traders below, don't take it into account today, directly smash the sky-high amount of dollars into the market, and pull the offshore exchange rate up by more than 1,000 basis points from the current 6.7 in the day, and directly defeat all the advantages accumulated by the bears before in one fell swoop." ”

After a moment, Fang Hong added: "Oh yes, also, raise the overnight interest rate between banks in Hong Kong to more than +60%." Released the news again, without engaging in the rumors of people in the know, we directly issued a public announcement in the name of Qunxing, revealing that we have increased our holdings of more than 1.85 trillion yuan in the offshore market. ”

This move is to clearly tell everyone that the stars want to give the RMB shorts as opponents, and it has almost swept away the RMB balance in the offshore market.

Tian Jiayi immediately arranged, and the foreign exchange market trading team immediately executed the latest instructions.

At around 10:30 a.m., the trading team of Qunxing Capital directly smashed the sky-high amount of US dollars into the market, crushing the offshore exchange rate with unparalleled strength, and those who were staring at the foreign exchange market soon found that the exchange rate of RMB against the US dollar in the offshore market quickly rose by more than 600 basis points.

At this time, there is not much water left in the pool, and as long as the renminbi in the onshore market is firmly choked and does not continue to flow out on a large scale, the remaining water in the pool is almost drained by the stars.

……

At around 11 o'clock, Qunxing Capital suddenly issued a blockbuster announcement, like a depth charge being detonated, and the entire capital market was shaken, especially the foreign exchange market.

According to the announcement, in the past month, Qunxing Capital has continued to increase its holdings of RMB in the offshore market, reaching a scale of more than 1.85 trillion yuan.

As soon as this news came out, it was confirmed that it was an official and authoritative announcement issued by Qunxing Capital.

The capital market exploded in an instant.

"Oh my God! Qunxing really participated, increasing its holdings by 1.85 trillion, doesn't that mean that Qunxing has almost swept away the RMB in the offshore market? At this moment, a private equity trader in Hong Kong who participated in the foreign exchange market game was extremely shocked to see this breaking news.

But he couldn't hesitate at this moment, his reaction was very fast, and at the moment he realized the seriousness of the problem, he felt a kind of hair, as if a chill was coming, because his plate was shorting RMB for arbitrage, and it was the group of people who indirectly became accomplices in shorting by fishing in troubled waters.

……