"Quick! Hurry up and close the position! Immediately! Right away! Flat! Flat them all! It's all flattened! He quickly came back to his senses and immediately yelled in the trading room, and then he looked at the real-time trend of the offshore yuan against the US dollar at this moment, and the yuan was appreciating strongly, almost crushing.

He stared at the trend of the offshore exchange rate and said to himself: "I see, the onshore market has blocked the outflow of RMB from various channels, checked and caught, swept the underground money banks, and strangled the faucet to ensure that the RMB in the onshore market does not flow out." Then Qunxing Capital will drain the remaining water in the offshore market, so that it will be easy to raise the exchange rate of offshore RMB......"

At this moment, he finally understood that the stars had used another trick to close the door and beat the dog.

This trader is the representative of those onshore and offshore back-and-forth arbitrage in Fang Hong's eyes, their group of people has no feelings of family and country, some are just profits, as long as it is profitable, short and long are just technical operations in their eyes, and technology is not guilty.

Now he has suddenly realized that the international army of bears wants to crush the RMB exchange rate, and the onshore market cannot do it, and only through the operation of the offshore market to create and maintain the momentum of panic to drive the depreciation of the RMB in the onshore market.

But the problem now is that Qunxing Capital has struck hard in the offshore market, and it has directly shown its cards, clearly telling everyone that Qunxing has swept the RMB in the offshore market and is about to run towards the 2 trillion mark.

Although he doesn't know how big the RMB balance in the offshore market is, according to some public data, the statistical caliber is roughly estimated to be more than 2 trillion, in other words, the RMB in the offshore market has almost been swept away by the stars.

In the onshore market, the source has been choked by the bank, and if the bears want to bring down the exchange rate, they have to continue to maintain the strength of selling the yuan, but the biggest problem now is that the market has not much yuan.

"How can the stars have so much money? Last year, it smashed two trillion, and it can make another two trillion, isn't this bullying? Grass! The trader couldn't help but scold in a low voice, and he was very puzzled, how will the stars sweep so many yuan at this time?

Obviously, he didn't expect that Fang Hong had no intention of throwing it at all, and he would not only absorb 2 trillion, but 10 trillion.

From his opportunist perspective, it is obvious that he cannot see through the real macro strategic intention of Fang Hong's move.

But at this moment, the trader hurriedly glanced at the overnight call rate, and looked at the real-time trend that scared him a lot: "What? Hibor (Overnight Offered Rate) has soared to +45%? ”

He clearly remembered that just two minutes ago, the overnight lending profit was still around 4%, which means that the cost of capital has soared by more than 10 times in just two minutes.

Obviously, at this moment, the entire offshore market is coaxing RMB, and the bears who follow the trend and fish in troubled waters for arbitrage are scared half to death after seeing the announcement issued by Qunxing Capital.

Today's Qunxing Capital, or Fang Hong's banner, is hanging out, which can be called the effect of automatic +50% deterrence.

The most important thing is that these arbitrage people are not stupid, they immediately understood that the onshore market has choked the outflow of RMB, even if there are some fish that slip through the net, it will not hurt, you must know that the funds of Qunxing Capital on the offshore market are too abundant, and they have swept 1.85 trillion yuan, which is simply crazy.

If you don't run, it will become a tragedy when the big A bailed out the market last year, and the bears were closed by Fang Hong and beat the dog.

And there is another fact that makes them feel even more terrifying, that is, in this situation, Yang Xing's ammunition has not been moved, but the stars are shooting.

In other words, up to now, the country's trillions of foreign exchange reserves have not been moved, and if necessary, they can suddenly make a move, which means that the stronger hole cards have not yet been played.

If you don't run yet, then it will be the fish on the chopping board of Fang Hong, and you will be cut again.

At present, the first short sellers to throw away their armor are the arbitrage capital who fish in troubled waters, and they don't dare to hesitate too much at the moment they react, because they are all playing in the foreign exchange market with high leverage, and the slightest carelessness will explode on the spot, which is faster than the stock market liquidation.

But at this moment, the short trader immediately shouted in the trading room: "How many positions have you closed?" ”

One of the traders immediately replied: "Six floors have been closed!" ”

He immediately continued: "The rest will be flattened as quickly as possible at any cost, quickly!" ”

After speaking, he took a look at the real-time trend of the overnight call rate again, which has soared to more than +58%, which made his scalp tingle, and the skyrocketing overnight call rate intuitively illustrates a problem, that is, at this moment, the bears in the market are competing to close their positions at a high price in RMB.

Everyone is rushing frantically, in order to be able to close the position before others, even if it is to pay higher interest costs, it is not necessary to be shot in the head if you don't run, at this time it is not a question of loss or loss, escape is the most important thing.

They all know what's going on, they are all rushing, and the bears have fallen into a cannibalistic situation in an instant, all of which are running for the principle of dying friends and not dying poorly.

Soon, the overnight call rate soared to a height of more than 63%, a record high since the offer began.

The entire offshore market is rushing for RMB, in order to be able to grab RMB for the first time, they are willing to pay higher interest, you quote 30%, he quotes 50%, and then another person jumps out to quote 60%......

At this time, there are already short positions that have been liquidated, and some people have even worn positions.

In just three days, the advantage accumulated by the bears was completely wiped out when a message released by the stars came out, and the situation was completely reversed.

It seems that the stars staged a strong turnaround with just one piece of news, but in fact, this is the result of the layout and preparation of all parties some time ago, but it is only reflected in the announcement of this news at this moment.

……

When the offshore RMB exchange rate market appreciated sharply, the A-share market plummeted at the same time, especially in the afternoon, the new 50 index, the Shanghai Composite Index and the Shenzhen Component Index in the three major markets were all accelerating downward, further hitting a new low since the beginning of the year.

According to traditional thinking, the sharp rise and appreciation of the RMB should be good for the stock market, how can it suddenly get out of such a big scissors gap? The foreign exchange market next door is soaring, but the stock market is exploding?

Such a trend is beyond the cognition of many stockholders, and they can't figure it out for a while.

In fact, as long as you look at the flow of funds, you can understand why this situation has occurred, and the northbound foreign capital is frantically outflowing, including the main capital is also frantically outflowing.

Almost all of these outflows have to be forced to cut meat in the stock market and then go to the foreign exchange market to fill holes, and some speculative funds have been killed in the foreign exchange market, and now they are forced to raise money everywhere, and these funds also have positions in the stock market.

But now, they have to be forced to cash out from the stock market to close their positions and put out the fire, and the overnight call rate has soared to more than 65%, which is really time is money, or the kind calculated by the second.

There are precipitated funds in the stock market, and at this time, it is natural to sell chips at any cost to cash out, and in the face of this situation, it is strange that Big A can bear it, so it collapsed unexpectedly.

It is for this reason that the stock market plummets when the foreign exchange market soars.

……