Win every day

The offshore RMB exchange rate ushered in a major reversal. After the exchange rate hit an intraday low of 6.7078, it rose strongly by more than 24 points within 1000 hours. Interbank lending rates rose sharply. The overnight interest rate soared from 11% on November 8 to 4.01%.

set a record high in recent years.

On Tuesday, January 1, the offshore renminbi even traded at a premium to the onshore renminbi during Asian trading hours, and the overnight interbank lending rate soared by more than 12%, reaching a record high since data was available.

Interest rates on other terms are also at historical highs, indicating extremely tight liquidity.

In response to the sudden rise in interest rates, various news are flying everywhere.

A spokesman for the Hong Kong Authority said on the same day that the offshore renminbi interest rate is dominated by the market's supply and demand for renminbi funds. Recently, the offshore renminbi capital pool has shrunk, and the supply of offshore renminbi funds is relatively tight, so the interest rate has been pushed up.

However, Bloomberg quoted sources as saying that this is because the Central Bank of Huaguo directly intervened in the RMB exchange market in the offshore market. Commercial banks have greatly reduced the cross-border outflow of RMB in the short term, resulting in tight offshore RMB positions and liquidity.

Although only citing news.

But the bears have undoubtedly got a real hammer, and the bears have obviously started to run away.

Otherwise, it is impossible for interest rates to soar to such an exaggerated high level.

The Pei family sisters were dumbfounded.

Jiang Fan also looked dumbfounded.

Pei Wenwen asked: "Brother Jiang, it has only increased by more than 1000 points, why is there a floating profit of more than 60 billion in the book?"

Jiang Fan didn't know either. He had been staring at the exchange rate and various capitals, and he didn't pay much attention to the interbank offered rate. It wasn't until today that he realized how high the risk factor of short selling was, which directly drove the short sellers to a dead end.

String together the news of these days to understand what the central bank has done.

This is dredging from the bottom of the pot, directly cutting off the supply of renminbi, and pulling out the short ribs.

The short sellers are shorting the renminbi, and they need to borrow renminbi to close their positions.

If you can't borrow RMB, what can you use to close your short positions.

If you don't close your position, you will be liquidated.

In theory, as long as the interest rate of borrowing money does not exceed 100%, if the short sellers do not want to liquidate their positions, even if the interest rate is 90%, they have to hold their noses. It can reduce a little loss. Therefore, after the central bank’s strong intervention, the international short sellers feel that they don’t want it. Run away.

In the end, they couldn't borrow enough RMB to close their positions, which led to the soaring interest rate.

But that's not the point.

Jiang Fan took a look. The lending rate will rise to 68.54% at the highest, and it will fall soon.

I don't know the big meat yet, and when will it be.

"Quick, close the position."

Jiang Fan quickly gave an order, and immediately began to close the long positions.

Lending rates are still rising, but they can't wait any longer.

The funds are too large, and it takes time to run, and it is impossible to run at a high level.

If there are only hundreds of millions or billions of funds, it is completely okay to wait to run at a high level.

But now the total book assets have soared to hundreds of billions. Jiang Fan is just an amateur with two salted fish. If he wants to escape to the summit of Mount Everest, he must do the peak, and he has to run away halfway up the mountain, otherwise it will be too late.

Fortunately, running is not difficult.

Now the short sellers are even more anxious than him. They all want to close their positions and run away, but they can’t borrow enough RMB, and the shortage is serious. Nobody wants it.

The lending rate is still rising, soaring to 68.54% before peaking.

Then it began to decline sharply, and when it reached 63.52%, Jiang Fan and the two secretaries finally closed all positions.

Both sisters were a little dizzy.

Pei Shishi swallowed her saliva and said, "Brother Jiang, you made more than 63 billion."

Pei Wenwen shook her chair: "It's more than 400 billion RMB, Brother Jiang, what are you doing with so much money?"

Jiang Fan hadn't smoked for a long time, and today he was really stimulated. This time, the profit from cutting the flesh from the international short sellers was a bit higher than expected. He couldn't calm down. He opened the drawer and found a pack of cigarettes. Slowly sort out your thoughts: "Who would think that there is too much money, don't make a fuss, there will be a lot of places to spend money in the future, let's go, go out and celebrate today."

I haven't eaten meat for a few days.

Jiang Fan accumulated a lot of bullets.

Prepare to drink some wine to celebrate.

Eat some Shishi's meat at night.

As a result, both sisters learned to be smart. Pei Shishi was probably afraid that he would get drunk and eat her sister, and Pei Wenwen also suspected that he would steal her sister when he was drunk. No one drank, and each of them drank a glass of red wine to the end, and refused to drink more.

It is impossible to force irrigation.

Jiang Fan had to find another opportunity.

In the evening, I took an inventory of the assets.

With a principal of US$20 billion before, using five times the leverage to earn more than US$60 billion from international short sellers, it is equivalent to earning more than three times the profit, and once again felt the feeling of getting rich. I feel even less distressed when I wake up.

Most upstarts have this mentality.

Jiang Fan warned secretly, don't float, don't float.

Overseas assets soared to more than 80 billion a day, and they were all cash.

So much money, how to deal with it?

Jiang Fan had a new trouble. After thinking for a while, he didn't have a clue, so he put this problem aside for the time being.

Mobilized one billion US dollars to enter the US stock market.

After the international short sellers fell to the ground after shorting the renminbi, US stocks are about to usher in a sharp drop.

At this time, if you don't short, when will you wait?

It's a pity that there is no funds to plan in advance, and the big meat is out of reach.

You can only earn some promotion fees for Douyin.

ps: Chapter 2 is here, ask for a monthly pass.From the morning of writing this chapter to the present, I was completely exhausted and went to eat. . .

7017 k

Congratulations to the first leader

The first leader of this book was born. After thinking about it, I decided to open a single chapter to celebrate.

In the past few years at the starting point, the vest has been changed countless times, and this is my first alliance leader.

It is worth celebrating.

Yesterday, Chapter 1 was posted at 2:[-] in the morning. Chapter [-] took a long time to code, and it took more than ten hours to code. . . .

I planned to be lazy today, take a break after one watch, and rationalize my thoughts by the way, and save half a chapter of the manuscript to continue to explode tomorrow.

Unexpectedly, the leader came, there was no reason to be lazy, and continued to explode.

In order to celebrate the birth of the first leader, I will add as many codes as possible to today's Chapter 2, the specific number, I don't dare to brag if I don't have a manuscript, I will try my best.

Finally, I would like to thank the leader for "it's so fucking hard to find a book", and send a simple blessing: Gong Xi Fa Cai.

I'm typing, and Chapter 1 will be delivered around noon.

Chapter 112

It's mid-January.

It is the coldest time of the year in Shanghai.

Jiang Fan stood on the balcony with his arms akimbo to catch the cool air.

It's not looking at the mountains or something, but thinking about life.

People think differently at different stages.

Assets and wealth have doubled several times at once, and this is another new stage.

Jiang Fan was thinking, Doing vibrato is purely for love. Besides this, is there anything else he can do.

But there seems to be nothing to do.

Check back later.

There may be other interests.

However, it is not an option to send so much money overseas.

It’s going to cost a lot of money soon, and it’s no fun to cut domestic stockholders. If you can get leeks outside, you don’t really want to cut the poor domestic leeks. As a result, the assets of the domestic stock market are only just over 20 billion.

Compared with the speed of asset expansion abroad, it is really a world.

I have to get some money back and prepare to spend it.

Haiyang doesn't know if it can be purchased, and if it can be accepted, it will cost a lot of money.

This domestic money is far from enough.

Douyin has been burning money since its launch.

They are all big households.

I have to bring back the leeks cut outside and burn them.

in the afternoon.

Jiang Fan consulted the relevant departments and asked about the return of the money.

There is no problem with returning the assets to the country, but relevant certificates must be submitted.

Where did the money come from? I have to explain clearly.

There is no problem with this, the leeks harvested from Laomei, the source of huge overseas assets is clean, not stolen or robbed by illegal crimes, er, it is actually robbed, but the robbed is legal.

Nothing can not see the light.

night.

Jiang Fan mobilizes funds to return home.

A bunch of proof materials are also prepared.

Prepare to transfer the funds back to the country through the Bank of China.

The next morning I went to the Bank of China, and in the afternoon I received a call from President Wei of the Bank of China to invite me to dinner.

night.

A seafood restaurant.

President Wei is an elder sister in her fifties, intellectual and elegant, with a graceful bearing.

You can tell at a glance that she was a beautiful woman when she was young.

"Mr. Jiang, there is a place for young people!"

President Wei met Jiang Fan for the first time, but he knew that Jiang Fan, a large banker in the Bank of China, had hundreds of millions of liquidity lying in his current account all the year round, and sometimes tens of millions. The bank took care of him. If you don't move, you will lose money.

It was contacted by other leaders before.

I received important news today, so I personally sent out the invitation.

The return of huge overseas assets to China involves tens of billions of dollars.

Such a big family naturally had to meet in person.

If, as the rumors say, too young.

However, it is not too much to say that he is young and promising to earn huge wealth overseas.

The key is that the proof of the source of funds submitted really scares people.

"Boss Wei has won the prize."

Jiang Fan shook hands with a smile, and sat down facing each other.

Scrutinized her eyes a little, and confirmed that she was a beautiful woman when she was young.

It's just that now that I'm older, I can't compare to a young girl.