The next day, Wednesday, January 13.

The foreign exchange market appreciated slightly by 70 basis points today, but today's A-share market fell sharply again below the 3,000-point mark, falling -2.42% today to close at the 2,949.60 point level, hitting a new low at the beginning of the year.

The New Stock Exchange 50 Index also fell sharply today, falling -2.81% after hours to close at 826.66 points, which is also a record low since the opening of the market.

The logic of the stock market has not changed, and the big money is continuing to cut the flesh, and the funds that have to go to the foreign exchange market with tears to continue their lives, and they have to do it knowing that they are sending money, otherwise they will be forced to step on the sewing machine by the financial institutions to collect debts.

They didn't have a way to miss the best escape window.

Even if they don't cut it, but if they owe money, the financial institution will apply to freeze the assets in their names, and the stock assets held in their names should be closed.

They may be able to run away, but now it is impossible to transfer the assets immediately, not to mention that people are not so easy to run away.

And for those funds that have been miserably, the situation has reached now, not that they can stop losses if they want to, but that they must lose how much Fang Hong wants them to lose.

There is no doubt that for these things that are eaten inside and out, Fang Hong does not want them to lose much, but wants them to go bankrupt, those who do not enter this net or run away by luck are counted as lucky, and those who do not run away are counted as one.

For these people, Fang Hong would not have any thoughts of mercy.

What's more, the main growth point of Qunxing Capital's performance this year is expected to be achieved by cutting this sickle.

In the evening, the peripheral market plummeted, and the three major North American stock indexes fell across the board, and it was also a big black candle that poured down to further get out of the new low at the beginning of the year.

One of the important factors in this wave of falling and hitting a new low in the external market is that the game of international short capital in the RMB offshore exchange rate market has been frustrated, which not only failed to achieve the expected results, but also suffered frequent losses, resulting in further widening of losses.

A few days have passed, and the negative impact has finally been transmitted to the North American capital market, to know that the relationship between these international short capital and the peripheral market can be said to be broken bones and tendons.

Some international bearish institutions are also increasing their weight, unless they admit defeat, but once they admit defeat, the current floating loss will become a real loss.

But judging from the current situation, it is obviously impossible to admit defeat and give up so easily, and it is unacceptable.

But in this way, they have to face a tricky reality, and the reality is to add ammunition, and the result is that someone has to cash out from the US stock market to raise funds, which is also similar to the logic of the A-share crash to a certain extent.

The difference is that the international short capital is to increase the counterattack, and the funds cashed out by Big A are completely to renew their lives, which is more like breaking the fortune to save their lives.

……

The next day, Thursday, January 14.

In today's foreign exchange market, international short capital increased its chips and bets to make a counterattack, and the offshore exchange rate of RMB fell back to the 6.6246 level, depreciating by more than 500 basis points.

This has given a glimmer of hope to those in the mainland who eat inside and outside the country, and they now hope that the renminbi will depreciate as soon as possible, preferably by depreciating it in a big way, and depreciating it violently, so that they will have the possibility of a Jedi reversal.

However, they soon fell into disappointment again, because the offshore exchange rate of the renminbi did not continue to depreciate, but rebounded by about half in the second half of the period, and finally closed at the 6.6002 level.

At the same time, today's RMB overnight lending rate in Hong Kong soared to +129% the day before yesterday and did not continue to soar, and has fallen to +102% today, although it has fallen but still maintains a doubling trend, even if this interest rate level is cut in half to 50%, it will not be able to withstand it.

Just four days ago, the overnight call rate was still at the 4% level, but today it has more than doubled for three consecutive days.

……

New Town, Meditation Villa.

Tian Jiayi, who came back from the company, is reporting to Fang Hong at this moment: "The overnight interest rate of RMB in Hong Kong has been maintained at a level of more than 100% for three consecutive days, and the short sellers have been all over the field in these three days. ”

Obviously, at present, Fang Hong's sickle is cut down, and the fallen shorts are the ones who eat inside and outside, the international short army has not fallen, and is still fighting back, relatively speaking, the international short army has more capital, and it is not so easy to fall, and they don't want to admit defeat.

After a while, Tian Jiayi added: "Hart, who danced very happily before, is now vomiting blood, and his focus fund has now lost all the money he earned last year." ”

Fang Hong couldn't help but smile: "I said why hasn't this product squeaked recently." Don't be in a hurry, clean up the bunch of people who eat inside and outside first, and then clean them up, drive a Rolls-Royce in, and let them bring a steering wheel back at most when they leave, just one steering wheel, not one more screw. ”

Tian Jiayi said: "In the past two days, there have been news reports, some people jumped into the river, and some people jumped off the rooftop, and the identity of the deceased was a private equity trader engaged in the financial investment industry, mainly engaged in the foreign exchange market. ”

Hearing this, Fang Hong pondered for a moment, and then ordered: "The company's security coefficient should be raised to the level, especially the important senior executives and core figures, their security protection work should be further improved, the relevant security budget should be doubled, and the families of important people should be sent to secretly protect them." ”

Fang Hong turned to look at Tian Jiayi and added: "Especially in the front-line trading team, I want to tell them to be honest and low-key, don't beep blindly, don't be scolded one day, I think they will know in their hearts." ”

The numbers are positive and negative, never deceiving people, but they can kill, the front is bright, and the back is bleeding.

This invisible war is actually a cruel struggle to the death, the winner takes all, and the loser loses all the games, and even his life cannot be saved.

At this time, it can be said that Fang Hong is in a good situation, but he does not take it lightly, and he also knows that the person who wants his life has added another stubble at this time.

After all, in the eyes of the enemy, as long as he can evaporate from the world, many things and obstacles will quickly dissipate, but this is the next step, which may poke out of control of the basket, but it is undeniable and the most direct and effective.

Don't let the enemy jump over the wall in a hurry, and you won't be wrong to guard against one hand.

Fang Hong rarely shows up in public, to a certain extent, for personal safety reasons, try not to show up offline, what is more to bubble up on the Internet is safer.

Now, even if Fang Hong is reckless, the next big ticket will pay more attention to his personal safety than himself, because he can't make any mistakes.

Fang Hong also knew this, he naturally would not let himself be in danger, this was not only irresponsible to himself, but also irresponsible to the entire galaxy, and now Fang Hong said that he had a great deal of responsibility.

At the end, after thinking for a while, Fang Hong turned to say: "The bunch of things inside and outside the food have been almost cleaned up, and they can't run away, starting tomorrow, the overnight lending rate of RMB in Hong Kong will fall in an orderly manner, and at the same time, some RMB supply will be appropriately released to the market." ”

Tian Jiayi nodded: "Well, okay." ”

Fang Hong also has to consider the development of the real economy and normal cross-border trade activities, and there are side effects of maintaining such a high overnight lending rate in the financial market for a long time.

The group of speculators who want to hunt are basically in a state of waiting for death now, and they can already make them bankrupt, and they can't afford to keep it up, even if they owe hundreds of billions of dollars, even if they sell themselves, they can't get this money, so naturally there is no need to continue to maintain it.

As for the international short capital, Qunxing has almost monopolized the RMB in the offshore market, and the initiative is in its own hands.

As long as they can't get enough RMB to sell in the offshore market, they can win steadily after delaying time, and their capital costs will continue to accumulate over time, and they will not be able to withstand the accumulated capital costs over time, until they can no longer afford it, that is, when they are defeated.

……