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Chapter 539: A blow to the head 4

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    "Okay, everyone, I am Zhong Shi. Ò¼??Reading???¡¤1¡¤K Wants a n?s to read h?u?¡¤c?om" After the meeting, Zhong Shi came to the central bank's transaction without stopping.  lobby, where a large group of traders had been waiting.  When Zhong Shi appeared, they all looked at the young man in front of them with expressions of disbelief.  Zhong Shi and others only took a brief glance and saw everyone's surprised expressions.  Under the gaze of everyone, he said slowly, "In the coming period, I will work with everyone. I don't care whether you welcome me or not, but the orders I give must be completed. Do you hear me?"  ?" He suddenly raised his voice at the last sentence.  ¡°I have long heard that the top management is going to replace someone, but with such a shamelessly young person, it is inevitable that traders will have opinions.  Although these traders are no different from other traders, being able to work in a place like the central bank itself proves their ability, and having a higher vision is not a problem.  But in Zhong Shi¡¯s view, their ability is nothing at all. At best, they are just a group of machines that follow orders.  However, in a place like this, it is still necessary to make such a show of force, otherwise these people can still cause a lot of trouble for him if they do not obey the command at the critical moment.  "I know!" Naturally, these traders would not get into trouble at this time, and they immediately replied in unison.  It's just that their voices are a little bit not loud enough.  "I might as well tell you that just a month ago, I was still working on the rescue fund." Zhong Shi, who knew this well, sneered secretly and continued, "Some problems occurred later. I believe everyone knows what happened in the stock market.  To be honest, many people have been targeted, and some have even been taken away by the prosecutors. I don¡¯t want anyone in this team to end up in jail.¡±  He played a clever trick and did not explain clearly why those people were taken away.  Hearing these words, the trader's heart suddenly trembled, and his eyes changed when he looked at Zhong Shi again.  Although it is not clear why their colleagues were taken away, newspapers reported that many people were under investigation during this period. Naturally, they would not doubt the authenticity of Zhong Shi's words.  Once taken away, it basically means the end of their career.  Even considering this from the perspective of pros and cons, it is enough to cut off their little thoughts.  "Mr. Zhong, I am Fang Zhouyuan." Seeing everyone's reaction, Zhong Shi nodded with satisfaction, walked to the supervisor's position, and sat down unceremoniously.  Seeing his behavior, the traders quickly got into their positions and began to prepare for today's work.  At this time, a man in his thirties came over. He had an upright Chinese character face and a short cut hair that was only as long as a knuckle. He looked extremely energetic.  ??? ?Ò»?Reading ???¡¤1?k?a?n?s?hu¡¤Fang Zhouyuan is the deputy director of the trading department, responsible for assisting Zhong Shi in his work.  When Zhong Shi sat down, he immediately explained to Zhong Shi, "According to the previous deployment, our trading department will intervene when there are abnormal fluctuations in the RMB offshore market. It is a passive intervention. But Mr. Zhong  "Are we going to change our strategy now?" Finally, he asked cautiously.  As the saying goes, "One emperor and one courtier", every person in charge has different ideas, and Fangzhou understands this deeply.  Originally, they were just doing some hedging transactions, and the work was not complicated or cumbersome.  However, some time ago, when Gao Dongfang and others paid attention to the foreign exchange market, they gave such a corresponding strategy to make traders become proactive in the market.  Now that Zhong Shi is talking about things, there will definitely be more changes, so Fang Zhouyuan asked this question.  "Don't worry, let's take a look at the performance of the offshore market first." Zhong Shi waved his hand and said carelessly, "Look at the performance of the offshore market, I think there will definitely be changes." Compared with the domestic spot market,  Generally speaking, the RMB offshore market centered on Hong Kong is superior to more than one in terms of transaction scale and influence, so the trend of h is the focus of foreign exchange traders.  As the saying goes, an expert will know if something is there as soon as he makes a move.  Just by Zhong Shi pointing this out, Fang Zhouyuan realized that the other party had something special about him.  However, Zhong Shi's words confused him, because Zhong Shi's words meant that he said nothing, which made him a little bit unable to believe his ears, and couldn't help asking: "Do nothing?" "There will be people at the central bank.  A decision will be made to increase the overnight lending rate of RMB in Hong Kong. You will know it soon." Zhong Shi saw it.The other party hadn't left yet, so he couldn't help but add another explanation, "This will increase the cost of holding international short positions. Let them take back some interest first. If they are still stubborn, fatal measures will be carried out on them."  "You are right, but are we really not doing anything?" Fang Zhouyuan still refused to give up and asked again, "The exchange rate of h has exceeded 5. Our goal before was to prevent the exchange rate from breaking through.  This line, so after the short sellers pushed the exchange rate above 5 several times, we were resolutely beaten back. If we do nothing today, wouldn¡¯t it be a bit unreasonable? " "Is that so" Zhong Shi touched his chin.  After thinking about it, he said, "If that's the case, then your task today is to take action when the exchange rate falls below 5, continue the previous strategy, and don't let the exchange rate fall below 5." "This okay!" Look  When Zhong Shi lowered his head, Fang Zhouyuan realized that the other party was not interested in talking to him, and immediately retreated.  In fact, according to Zhong Shi¡¯s idea, he plans to solve all international short positions at once, so that they will not even think about shorting the RMB within a few years.  However, the central bank insisted on raising the overnight lending rate of RMB in Hong Kong first, so he agreed and used this news to see how the market would react.  Because the RMB closed at 5077 on the previous trading day, the exchange rate was set at the closing price as soon as the market opened.  International shorts finally broke through the 5 mark after two consecutive days of selling.  So after the Hong Kong foreign exchange market opened, they went all out and immediately sold RMB everywhere in the market.  The RMB in the offshore market immediately came under pressure and began to fall further. It soon fell by 9 basis points, reaching a low price of 5116.  After Zhongshi ended the conversation, the central bank's funds immediately began to enter the market and buy RMB in the market everywhere.  The central bank's intervention caused changes in the market. Soon the RMB stopped falling and slowly rose back towards the 5 position.  Immediately afterwards, some Chinese banks also began to take action, buying potentially profitable RMB in the market, causing the exchange rate to rise further.  By noon, the yuan returned to the 5 position.  Zhong Shi basically did nothing this morning. He had been immersed in reading various research reports. The noisy noise in the trading room did not seem to affect him at all, which surprised many traders who had been paying attention to him.  In the afternoon, continue trading.  "Strange, why is there no movement yet?" After the target price returned to 5, the traders' trading frequency also dropped and they began to become idle.  But at this moment, Zhong Shi suddenly stood up from his seat, came to the big screen in front of the wall, put his hands on his elbows, and said to himself, "It should be almost time." "It's almost time."  ?¡± Zhong Shi¡¯s behavior puzzled the traders. Although he muttered those words in a low voice, everyone stopped talking consciously after he stood up. It can be said that the whole trading room was shaking.  , so most of the traders present heard his words.  Immediately, the traders looked at each other, trying to find the answer from each other's expressions.  Seeing this, Fang Zhouyuan could no longer sit still. He walked to Zhong Shi and asked softly, "Mr. Zhong, when is it almost time?" He spoke in a low voice. After all, he had to pay attention to the impact.  "I mean the RMB should rise." Zhong Shi ignored it and said uncharacteristically loudly, "According to my analysis, the RMB should rise at this time, but I haven't seen any signs of it so far. Do you think it's strange?  "Strange?" "Rising?" Fang Zhouyuan was stunned and couldn't speak for a long time.  At this time, he didn't know what to say at all, so he could only smile and shake his head.  Not only Fang Zhouyuan, but all the traders in the trading hall were also confused, because from a fundamental point of view, there was no sign that the RMB was going to rise, because they themselves were the largest bulls in the market.  Some traders even secretly wondered, is there something wrong with the new supervisor¡¯s head?  "Look, it's up!" A trader who was paying attention to the market suddenly shouted loudly.  Hearing his cry, the traders who were still in a daze quickly looked towards the screen, and saw that the screen suddenly jumped. The RMB at the 5 position rose, and it jumped by 10 in one go.  basis points, a magnitude that surprised traders.  Generally speaking, exchange rates, like bonds, are investment products calculated in basis points, and each basis point is only 0001.  But this little bitThe degree of change, magnified by the huge amount of funds and hundreds of times of leverage, has become an astronomical figure, and the amount of funds gained and lost is no less than that of other investment varieties.  So the market suddenly jumped 10 basis points, which caused the traders to marvel.  Of course, compared to the fluctuations of a day, this change is still nothing.  "It's actually gone up!" Fang Zhouyuan, who was still smiling bitterly a moment ago, was stunned at this moment, and his eyes when looking at Zhong Shi changed, and he showed a hint of respect intentionally or unintentionally.  "Sure enough, they took action, but they are trustworthy, but I don't know if they have set up a strategy?" The 10 basis points increase was just the beginning, and then the RMB continued to rise, rising by more than 100 basis points in an hour, directly breaking through 4,900  , rising to the 4800 range.  Zhong Shi knew this very well and knew that it was Paulson and others who were exerting their efforts. He immediately nodded with satisfaction and said this to himself.  "Mr. Zhong, this" At this time, Fang Zhouyuan's heart was itching as if it were being scratched by thousands of cat paws. He couldn't help but ask, "What is going on? Why do you say that the RMB will  If it rises, does it really rise? "There are many reasons for the rise of the RMB, but it is definitely not because of Zhong Shi's casual remarks. There must be other reasons.  What Fang Zhouyuan was thinking about was whether there were some factors that he hadn't thought of, but the young man in front of him was keenly aware of them.  "It's not just today, it will continue to rise on the next trading day." Looking at the other party lightly, Zhong Shi said meaningfully, "You don't have to do anything, and the RMB will rise on its own initiative. Isn't that good?"  "Okay, okay, but" Fang Zhouyuan blurted out without thinking, but the next moment he realized that Zhong Shi was not going to answer this question for himself, and his voice became lower unconsciously, "What the hell is going on?  Huh?" No one answered this question for him!  The RMB opened at 5077 that day, and began to rise after breaking through 5 during the session. It rose by a total of 187 basis points, or 9%, which was the largest increase in the RMB during this period.  (To be continued.) : Visit the website (To be continued)
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