My fintech empire.

Chapter 1217 [People can be moistened, but the meat must be put back into the pot]

In the last few trading days of November, the three major A-share trading markets maintained a volatile upward trend. By the end of the month, the Shanghai Composite Index once touched the 11-point threshold, but ultimately failed to hold steady and fell back.

During the same period, the New Securities 50 Index also surged to a historical high of 2155.87 points. The range of increase since the historical bottom of 780.15 points has reached +176.34%, and the annual increase has also expanded to +115.58%. It can be said to be extremely bullish.

At the end of November, the craze for the concept of raising the placard finally came to an end. The landmark event was that Boss Yao's Bao Neng Group was investigated for entering the market illegally.

He had always thought that in the battle for equity in Wan Ke, Fang Hong and Qunxing Capital were there to attract the attention, so he could stay out of it and make money happily.

As a result, he never expected that he would be dragged out by Fang Hong's opponents to be sacrificed in order to deter all parties. This was a very important signal, which deterred other "barbarians" who followed suit. The signal it conveyed was: If I can't deal with Fang Hong and Qunxing Capital, can I deal with you?

……

In the study room on the second floor of Jingxinju Villa.

Tian Jiayi entered the room and said to Fang Hong who was sitting in front of the computer: "There was a piece of news just released that Mr. Yao's Baoneng funds were sanctioned. It seems that the A-share market's placard-raising craze that has lasted for more than two months should be fading."

Fang Hong said without even turning his head: "As expected."

In other words, the market trend driven by this craze on the main board index is about to end, and the Shanghai Composite Index is about to be adjusted just after touching the 3300 point mark.

After a moment, Fang Hong looked back at the beautiful assistant and said, "After this wave, there should be a lot of funds cashing out from the main board. Most of these funds will be moved abroad. Now I am more concerned about the foreign exchange market. If nothing unexpected happens, the Americans should raise interest rates for the third time this year next month."

Tian Jiayi nodded and said: "Since the second half of this year, as expectations of a US interest rate hike have continued to rise, the US dollar index has continued to rise and has already reached the 100 mark, setting a 2003-year high since March 3."

她回忆外汇市场的走势补充道：“反观离岸人民币兑美元汇率在今年国庆后开始连续下跌，曾经一度被市场认为是‘铁底’的6.7被轻松打破，11月11日跌破6.8，11月24日跌破6.9，即将突破7这个重要的心理关口。”

Although the international short selling forces suffered a major defeat in the first round of attacks at the beginning of the year, they still did not give up. They just refused to leave. Throughout 2016, the international short selling forces launched several rounds of sniping in the offshore RMB market, but the scale was smaller than that at the beginning of the year.

At this time, Fang Hong asked: "What is the situation of the country's foreign exchange reserves? Is there any latest data?"

Tian Jiayi immediately replied: "According to various statistical estimates, from February 2016 to now, it has decreased by 2 billion US dollars, and the total decrease for the whole year exceeded 7190 trillion US dollars to 1 trillion US dollars. It is only one step away from breaking 3.01 trillion. If the foreign exchange contributed by the stars is removed, it is likely that it would have already broken the 3 trillion mark. This year's capital flight is particularly shocking."

With such a staggering amount, it is no wonder that the offshore RMB exchange rate fell below 6.9 and headed towards the 7 mark.

Fang Hong smiled calmly: "It's good for people, garbage. Clearing out the garbage is not a bad thing in the long run."

This year's round of foreign exchange reserves has seen a large-scale decline. Although foreign capital outflow is one of the reasons, it is not the outflow of funds that is the majority of the outflow. Instead, domestic capital and investment account for the majority of the outflow.

In April of the first half of the year, Fang Hong openly confronted that group of people in the middle lane in the live broadcast room and made remarks of settlement.

Then there was the black swan event of the SGX, including the fact that retail investors in the A-share market turned to the SGX in the second half of the year, the five SGX 50 indices were bought up by retail investors, the subscription of SGX theme funds was very popular, etc. This series of major events all illustrate a phenomenon, that those people are now very uncomfortable.

Fang Hong's rise not only makes their interests continue to be squeezed, but also makes them afraid of the phenomenon of his rise, especially the SGX registration system pilot project and the continued surge in the SGX 50 Index. The top leaders are not worried about the so-called bubble at all now, and some so-called financial experts are no longer able to fool people by talking about the bubble theory.

This made the people behind the mouthpieces even more uneasy. They were not stupid. All signs showed that the higher-ups were trying to protect the SGX and had great trust in Fang Hong. Now the 1.5 million shareholders of the A-share market were continuing to "move" to the SGX. Once everything was done here, would the higher-ups really start to take action? This was something they had to consider anyway.

Today's stars and Fang Hong are at the peak of their careers, and no one can bring Fang Hong down, so these people thought about it and decided that Run is the best option.

Their big brothers behind the scenes were silently planning for the "worst case scenario", which led to the large-scale outflow of foreign exchange reserves this year, which was several times larger than the scale of outflow in the same period of Fang Hong's previous life.

However, the country's foreign exchange reserves still did not fall below the 3 trillion US dollar mark. Although the amount of capital outflow was astonishing, in this life, there was also the wealth that Fang Hong and Qunxing Capital had reaped overseas to hedge it.

After a while, Tian Jiayi suddenly changed the subject and said, "When you mention Runren, the information sent back by our people in Mexico is very interesting..."

In the early years, Qunxing Capital had been making low-key arrangements in Mexico. This was also the work of Fang Hong, and it was to make advance arrangements for the upcoming trade war. The new person in charge in America is likely to start a trade war, and then the products will be re-labeled in Mexico and imported into North America as usual, so it is not surprising that there are informants in Mexico.

At this moment, Tian Jiayi continued, "According to the document reports sent back, they found that among the illegal immigrants passing through the Mexico-China border recently, especially in the second half of the year, the number of domestic immigrants has increased very rapidly."

"Moreover, this group of people seemed to be quite familiar with the admission process there. They burned their passports as soon as they arrived, and then turned themselves in directly to the local immigration police. However, since the local immigration prison was already full, there was no way to accommodate these people, so they had to be released on the spot. After three days, these people can move freely."

According to the information sent back by the informant in Mexico, the entire operation process of the Run people was smooth and familiar, comparable to a textbook. It was not at the same level compared with those guys in Mexico, Latin America or the Middle East.

It can be called a dimensionality reduction attack, right?

The other illegal immigrants were also very confused when they saw these Dongfeng faces. They couldn't figure it out. They really couldn't figure it out. These people looked clean, holding the latest Apple three-piece suitcases, and even dragging exquisite suitcases. They didn't look like refugees at all, but they came to snatch this track from them. They really couldn't understand it, even if their brain CPUs were burned...

In fact, many of these Run people are actually very rich, but the money is a bit problematic, otherwise they would not compete in this track with the guys from Mexico, Latin America and the Middle East.

At this moment, Fang Hong's eyes kept moving around while he was thinking. He said nothing but his brain was thinking rapidly. Seeing him like this, the beautiful assistant couldn't help but smile and said, "What are you thinking about? Are you planning to trick these Run people?"

She really guessed it right, but Fang Hong said calmly: "How can it be called a scam? They can get away with it, but I have to take back the wealth they took away."

Tian Jiayi immediately asked: "What can you do?"

……

(End of this chapter)