My fintech empire.

Chapter 1221 [The more harvest targets, the better]

In fact, even if Fang Hong did not harvest these wealthy Runren groups, the real local financial tycoons in America would definitely harvest them. Fang Hong had witnessed it in his previous life, such as the harvest of Zhonggai stocks and the targeted blasting of Silicon Valley Bank. There are countless cases like this.

Including some of those who were loaned out, their lives in America are getting worse and worse after many years, and some of them who are PhDs have ended up sleeping on the streets. Some of those who were loaned out early have squandered all their money there, and they are getting old, and their lives are getting worse and worse. Instead, they have begun to create public opinion in the mainland through the Internet, and they seem to want to come back to retire.

As for this group of wealthy Runren people, Fang Hong has to reap the benefits himself in this life, and he has to act before them. This is wealth that has originally flowed out of the country, and he won't have any psychological burden when reaping the benefits, and he also has to let the local financial tycoons in America take the blame.

As for the method of harvesting, it is much simpler. The most difficult thing is how to gain the trust of the wealthy Runren group and make them rush to hand over their principal and entrust it to financial institutions to manage. Once this step is completed, it is basically 99% successful. The last 1% is just the sickle falling on the spot.

For example, buying Bitcoin, Ethereum, or various financial derivatives at high prices, and then leveraging to perform a reverse operation.

It is not easy to make money in the capital market, but losing money in the capital market is as easy as drinking water. When all the losses are gone, the financial institution will be declared bankrupt on the spot, and the trader will pack up and run away without any news. No one knows whether he is dead or alive and hiding.

Then that group of people are left with their heads buzzing as they watch the wealth they have obtained all their lives with fear and anxiety disappear into zero overnight. A single K-line can turn them from rich to poor overnight.

He was kicked out of his mansion, his luxury car was taken away, he became poor again overnight, and he was saddled with a lot of debt. There was no way he could turn his life around and he had to end up on the streets.

At this moment, Tian Jiayi looked at Fang Hongru with a little curiosity and asked, "How much do you expect to reap from this layout?"

Fang Hong said calmly: "Of course, the more the better. There is no upper limit, but there must be a minimum. It is based on the scale of foreign exchange reserves. If it is less than 3 trillion US dollars, it will not be worth the harvesting opportunity of this one-time deal, and it will not be worth the time cost of this careful planning."

This time Fang Hong’s appetite is extremely big, because this is a one-time deal, and he can only do it once, which is equivalent to a big move that can only be used once, and there is no basis for continuous harvesting.

People who can make huge sums of money are actually very smart. They will not fall into the same trap again and again. Just one such incident is enough to cause them to develop PTSD. Even later comers will hold on to the money in their hands tightly and not trust anyone after seeing the tragic experiences of their "predecessors".

This matter requires patience and time to plan carefully, and it cannot be rushed.

In comparison, Fang Hong was more concerned about the current game in the international financial market. He immediately ended Runren's business and changed the subject, saying, "Notify the foreign exchange trading team under you to be bearish on the US dollar index and bullish on the RMB starting from next month, December."

Hearing this, Tian Jiayi said with a little surprise: "You are bearish on the US dollar index at this time? The Fed's expectation of raising interest rates is very clear, including the possibility of continued rate hikes next year. Does this mean that the US dollar index will fall even if interest rates are raised later?"

Fang Hong said: "Expectations have been reflected in prices, and even if interest rates are raised, it will not have much impact on the US dollar index. In addition, there are other factors. The current global economic situation, international geopolitical risks, and the trend of anti-globalization are intensifying. The new boss of the old magnesium this year has become a huge uncertainty factor."

At this point, Fang Hong was silent for a moment, then added: "The most critical thing is that the plan of Lao Mei to harvest our country's wealth to fill the bubble they blew up was seriously below expectations. The harvesting plan in the financial market failed and was blocked one after another. In addition, the Nanhai crisis in July this year was full of war clouds, and the war was about to break out. The hearts of the people were almost in their throats. In the end, Lao Mei was scared and took the initiative to withdraw. Afterwards, our country's reputation in the international community soared. This is also a very critical factor."

What is prosperity and strength? Wealth can only be maintained if there is strong hard power behind it. Wealth without strength is like a lamb to be slaughtered at any time in the eyes of others. Wealth without strong strength as a backing is nothing but a castle in the air.

The military confrontation in July also had a great impact on the global financial market. You must know that America's financial hegemony is based on its military hegemony, but America did not dare to fight head-on and chose to give in. The harvest of the financial market has failed again and again. This has already indicated that the US dollar index will weaken in the future, and even an interest rate hike will be of no use.

Tian Jiayi asked: "Things are going as you expected. Judging from the current situation, a new round of game with international short sellers in the foreign exchange market is inevitable. How do you plan to fight?"

Fang Hong said calmly: "As always, we will do what we did at the beginning of the year, pushing up overnight lending profits, which is roughly the same as the operation at the beginning of the year. They couldn't break this trick at the beginning of the year, and they can't break it now. There's no reason not to use it."

After hearing this, Tian Jiayi pondered and asked in confusion: "There is one thing I don't quite understand. I think they should also know that they can't break the overnight lending rate. So why do they bite the bullet and do it even though they know it's impossible?"

Fang Hong smiled and said, "This is the cost of maintaining their financial hegemony. So many eyes around the world are watching. Lao Mei's younger brothers are also watching their big brother's performance. If he surrenders, he will lose half. So he has to go ahead, even if he has to bite the bullet, even if he knows it's impossible. In their opinion, there may be variables."

Tian Jiayi was curious: "Variables?"

Fang Hong smiled contemptuously and said calmly, "We are not only playing games with external opponents, but also fighting against internal traitors and those who are betraying us. The balance of payments report you gave me the day before yesterday also pointed out that the pressure of cross-border capital outflow mainly comes from the mainland. To put it bluntly, it is some runners and colonizers who have reaped huge amounts of ill-gotten wealth in the mainland. They are most determined to transfer wealth overseas. Even if only one or two percent out of ten can be actually transferred out, they will do it."

An important data shows that since the beginning of this year, the state has stepped up its inspection and crackdown on capital outsiders that use false trade and false investment. So far this year, nearly 400 major underground banking cases have been solved, involving a total amount of 1 trillion yuan, which is an astronomical figure.

In addition, before the end of this year, the net outflow of capital items alone has exceeded US$1 trillion, more than twice as much as last year.

The cold hard numbers are the most real, showing that some domestic capital is determined to flee. The data has soared so rapidly. Another factor that cannot be ignored is the rise and prosperity of Fang Hong or Qunxing Capital, which has put great pressure on those who are disloyal and internal ghosts.

On the one hand, they were under pressure, and on the other hand, they were even more afraid that they might be liquidated at any time in the future. They were afraid of the worst. As long as there was such a sharp knife hanging over their heads, how could they be at ease with such an expectation? So they were impatient.

Transferring more wealth overseas provides an extra layer of security, which is why they are so determined to flee. This is reflected in the data on paper, which shows that foreign exchange reserves have dropped significantly this year.

……

(End of this chapter)