At this moment, Fang Hong looked at the current SGX market, he stared at the latest K-line trend of the SGX 50 Index and ordered: "After this round of turmoil in the foreign exchange market has passed, the adjustment of the SGX 50 Index will also end and continue to go up, and the overall adjustment range will be controlled at about 10 percentage points.

Tian Jiayi nodded slightly: "Well, good."

In the last ten trading days of the year, although the A-share market has not stopped falling and is still declining, there has been no panic plunge, let alone the tragic fall like the circuit breaker at the beginning of the year.

This is actually a very important change, many people know it now, especially some well-informed people know very well that at this moment, Qunxing Capital once again launched a new round of competition with its counterparty in the RMB offshore exchange rate market, which is almost the same as at the beginning of the year, but when something similar happened at the beginning of the year, the capital market was in a storm and panicked.

However, there is no reproduction of the panic at the beginning of the year, a big reason is that Qunxing Capital defeated the international short in the foreign exchange market at the beginning of the year, everyone knows that the current Qunxing Capital is a big brother-level existence, with this supernatural giant in charge, it is absolutely not easy to follow the trend of overseas short capital, nor can it be easy to bear the market.

After all, at the beginning of the year, many people followed the trend to short the RMB, but the result was ruthlessly strangled by Qunxing Capital.

On the contrary, at that time, I ate a lot of meat with some funds from Qunxing Capital, and now many funds are more inclined to Stars Capital, but they still adhere to the principle of "whoever can win will help whom".

However, Fang Hong doesn't care about these wall-riding funds, they are now more inclined to Qunxing Capital, to a certain extent, it also shows that the current trend has been on his side from the beginning, which is also different from the beginning of the year.

Fang Hong actually didn't really need those wall-riding faction funds to help him pull the tiger skin and pull the banner, but he hoped that these people could follow the trend to the opposite side, because in this way he could harvest them.

However, these people are very chicken thieves, and if they don't see rabbits and eagles, Fang Hong can only pinch his nose.

But it doesn't matter, the limited gains from this battlefield are also in his expectations, the highlight of 2017 is in the cryptocurrency market, Fang Hong has begun to plan to drive those large-scale mainland funds fleeing overseas to the cryptocurrency channel.

If they don't jump into this pit, they will jump into the pit of cryptocurrency, and even if they successfully avoid the pit of cryptocurrency, there is a bigger epic sinkhole waiting for them behind, which is bigger than the other, and one pit is deeper than the other.

Even if Sun Monkey has seventy-two changes, he can't escape from the palm of his hand.

……

On Wednesday, December 28, the offshore yuan exchange rate closed around 6.97.

But just as it was close to 23 o'clock today, Bloomberg, a well-known financial data terminal, once again made an oolong incident of RMB "breaking 7", and a news that "the onshore RMB exchange rate against the US dollar fell below 7" caused shock and panic on the Internet.

According to the news, the onshore yuan broke through the 7-median psychological barrier against the US dollar, hitting a minimum of 7.0121 yuan, a new low since April 2008.

Less than half an hour after the news came out, the official Weibo of Yang Ma urgently issued a clarification: The exchange rate of the first RMB against the US dollar traded in the domestic interbank foreign exchange was running smoothly in the range of 6.9500 to 6.9666 yuan. However, there have been a few irresponsible media reports that "the onshore RMB has broken through the 7-digit psychological barrier against the US dollar", which we condemn and reserve the right to further pursue responsibility.

The news that the RMB exchange rate against the US dollar broke 7 was quickly confirmed to be an "oolong" incident, and some researchers issued a research report overnight saying that the onshore transaction price did not break 7, and the break 7 mentioned by Bloomberg was only a quotation, not a transaction, not a break 7 in the actual sense.

However, this kind of argument is known to be pale, and even insulting people's IQ, if it is according to this logic, then someone quotes 8, does it mean that the quotation of 10 will break 10?

Generally speaking, the "break" is the actual transaction price, and it is shelved

Isn't the offer?

There have been two oolong incidents in a row in a month, but anyone with some basic logical thinking skills should understand that someone is deliberately creating panic, and the motive for this is already clear.

Two days later, on December 30, the offshore renminbi exchange rate depreciated further to around 6.987, and a break of 7 seemed to be just around the corner.

At the same time, foreign exchange reserves continue to drain, and there is almost one step left to fall below the $3 trillion mark.

The panic in the market has also risen, and many people are worried that the rapid fall of the RMB below the psychological threshold of 7 yuan may form a vicious circle of rapid depreciation of the exchange rate→ the expectation of depreciation will be strengthened→ capital outflow will accelerate → exchange rate will continue to depreciate, resulting in panic devaluation at the beginning of the adulthood.

At such a time, ushering in the end of 2016 and officially entering the new year on New Year's Day in 2017, many people in the investment circle began to stare at Fang Hong's Weibo, because according to the past practice, he should post a long Weibo post on the first day of the new year.

However, this time it was unexpected, K God did not post on New Year's Day, and there was no movement on his personal Weibo account.

This has also led to many conjectures, and various analyses have also appeared online.

In fact, most of the analysis emperors on the Internet are as fierce as tigers, and most of them are over-interpretations of self-brain supplementation, and the real reason is that Fang Hong forgot about this stubble, there have been many things recently, and he has no time to post on Weibo on the Internet, it's as simple as that, just forget it, that's it.

But because he is an extraordinary giant, people outside will not think so, and are more willing to think that there is something else hidden, and analyze the emperors to climb on some things at the moment, that is, no one analyzes K God may simply forget.

……

On January 4th, just after the New Year's Day holiday, the foreign exchange trading team under Qunxing Capital received a new instruction from big boSS, and officially began to attack today.

People from all walks of life and all kinds of funds in the market have seen a familiar scene in today's offshore RMB market.

The RMB overnight lending rate quickly soared by +18%, and many traders saw this situation almost surprisingly unanimously recalled some pictures from the beginning of 2016, and couldn't help but exclaim again?

When all the players saw this scene, they all unanimously concluded that at this moment, Qunxing Capital must be exerting its strength, and the number of ways to make this move should not be too familiar.

At a time when the abnormal volatility of the overnight call rate soared, the RMB exchange rate stopped falling and rebounded almost simultaneously, appreciating by 100 basis points.

As time went by, the profit of the RMB overnight lending continued to soar, and soon broke through +50%, and the shorts in the market directly triggered the ptSd, almost without any resistance, they directly disarmed, and even the trading team members of Qunxing Capital were surprised, and they were also ready to snipe with the army of bears in the middle of the wave today......

As a result, I didn't expect that the opponent's plate seemed to be strong, but the result was strong and dry, and it was broken like a piece of paper, and the fierce long and short battle that I imagined in my mind that would break out today did not happen.

The reaction on the disk is that the offshore RMB exchange rate has exploded all the way to nearly 1,000 basis points today, and it has shown a unilateral appreciation trend around the clock, and has not encountered any strong sniping from the bears during the period.

……