In the encrypted digital currency market, Fang Hong has already found a good backstabber, either someone else or Merrill Lynch.

At that time three years ago, Merrill Lynch came to Qunxing Capital with careful thinking to actively seek cooperation, and the two sides quickly reached a cooperation, Merrill Lynch gave a large sum of money for Qunxing Capital to manage, the purpose was to play a trick to lure the snake out of the hole, but never expected Fang Hong's backhand to let the funds take over at a historical high price of $3,000 in Bitcoin.

At that time, Merrill Lynch was angry, and it was a great shame to send people to the door alive, and in 2013, the directional blasting of the collective eighteen boards of listed companies in the galaxy shocked the entire capital market at that time.

At that time, no one expected that Fang Hong's courage would be so big, and he didn't give face to the financial predators on Wall Street at all, focusing on a young and vigorous person.

As for Merrill Lynch's entrusted funds, most of them are still on the top of the Bitcoin mountain.

Next year, Fang Hong has decided to run a round of super bull market on Bitcoin, and by the way, he helped Merrill Lynch untie the funds that had been trapped for three years, and at the same time let Merrill Lynch make a big vote and leave the market.

Of course, Fang Hong did not give so much benefit to Merrill Lynch for nothing, but to let Merrill Lynch carry the pot and make Merrill Lynch the biggest profiteer on the bright side of the Bitcoin bull market in 2017, so that those Runren and Colonists would think that Wall Street Merrill Lynch had harvested them.

……

In December, after Fang Hong's series of decisions were finalized, Tian Jiayi instructed his arrangements to be implemented in an orderly manner according to the plan, and the huge institutional organization of Qunxing Capital began to operate, fully implementing his will.

The first is the cryptocurrency market, which has just entered December, and the price of Bitcoin has further strengthened, first breaking through the year's high point and standing at the $1,000 mark, which is more than twice as high as the current price from the historical high of Bitcoin.

However, in the next year or so, the price of bitcoin will not only increase by another twofold, but by more than thirty times.

In addition, North America is also digging an epic sinkhole for the people in an orderly manner, and the priority of this matter is not very high, because it takes a long time, not a short-term plan, just take it slowly, and take it slowly is the fastest.

Entering the last month of the year-end period, the turmoil in the financial markets has clearly intensified, and many people can feel the situation at this moment.

On December 6, a breaking news caused an uproar in the capital market, and people found that the overseas search engine Google showed that the offshore renminbi exchange rate had "plummeted" to 7.4, which could scare overseas students and purchasing agents.

According to the search engine Google, the offshore exchange rate of the US dollar against the yuan plummeted to 7.48, while the data of the offshore exchange rate of the US dollar against the yuan in terminals such as Bloomberg and Wind, as well as search engines such as Yahoo, Lingjing Search and Baidu, remained at 6.88.

As a factor affecting the price of imported and exported commodities, the exchange rate has an important impact on import and export.

Just when the market was in an uproar, a few hours later, the incident quickly ushered in a reversal, and the Google search engine about the offshore RMB exchange rate "breaking 7" was an "oolong incident", and many people were relieved to see that it was an oolong incident and a false alarm, especially overseas students and purchasing agents.

Most people are talking about the "oolong" incident itself, but those in high-level circles or those who have more information level know that this is not an "oolong", but a new offensive launched by international bears.

Google's RMB exchange rate oolong incident, and at a time when the RMB is at a psychological threshold of continuous depreciation and approaching 7, it is waving its flag and shouting and misleading the world, intending to create panic.

Fang Hong, who saw the news of this incident, had no psychological fluctuations in this, and the opponent exerted his strength at the level of public opinion, from another point of view, it also showed that they did not have many real big killing moves in their hands.

At the same time, the A-share market has also ushered in a phased peak, with the passage of time, on Monday, December 12, the A-share market, which has been affected by the recent multiple negatives, the three major trading markets in Shanghai and Shenzhen opened sharply.

First of all, the brutal listing of insurance funds was strongly supervised, which caused a number of concept stocks to fall sharply again, which seriously dampened market sentiment; Secondly, the IPOs of the two cities have recently accelerated significantly, which is equivalent to the realization registration system, and the high-valuation GEM has been impacted; At the end of another year, the funds were tight, and the central mother continued to make a net return; There is also a high probability that the Magnesium Fed will raise interest rates this month, and the A-share market will also be under pressure.

But the most important factor is that the foreign exchange market is making waves again, and the smart money in the investment circle has already smelled something extraordinary.

Some funds began to shrink and hedge against risks, and some funds tasted the sweetness at the beginning of the year in the foreign exchange market with the stars waving their flags.

Today, after the opening of the A-share market, it has been fluctuating and falling, and the willingness of funds to enter the market is not strong, and the new stock 50 index has broken through record highs one after another.

The three major trading markets of the new Shanghai and Shenzhen fell the most in the Shenzhen market, and the ChiNext board in particular, became the hardest hit area of the plunge, falling below the 2,000-point mark, the largest single-day decline in half a year and a new low in half a year, and was surpassed by the new stock 50 index in absolute points.

By the end of the day, the three major trading markets fell heavily across the board, with the Shanghai Composite Index plummeting -2.47% to 3,152.97 points, the Shenzhen Component Index plummeting -4.51% to .85 points, the New Stock Exchange 50 Index plummeting -3.36% to 2,034.19 points, and the ChiNext Index plummeting -5.50% to 1,984.39 points.

The total turnover of the three major trading markets is close to the trillion mark.

In the following days, the decline of the A-share market slowed down, but generally maintained a volatile downward trend.

……

On December 15th, Meditation Villa.

"The Fed's rate hike is on the ground today." Tian Jiayi returned to the villa to find Fang Hong and reported to him: "Last night in North America, the magnesium Fed announced its interest rate decision, announcing a 25 basis point interest rate hike, raising the target range of the federal funds rate to 0.5% to 0.75%, and the resolution statement was unanimously passed. As soon as the news was revealed, the U.S. dollar index soared above the 103 mark, further hitting a 14-year high."

Fang Hong said lightly when he heard this: "We can continue to open the strategy of short US dollars."

Tian Jiayi said: "The team of traders below is executing the empty open according to your decision. Oh yes, there are two other things, one is that the SGX equalization fund should be implemented by the end of the year, and the other is that the relevant matters related to the preparation for the listing of agricultural supermarkets have been prepared, and it is expected to be listed on the SGX in January next year."

Fang Hong nodded: "Just do it."

……