Add Bookmark | Recommend this book | Back to the book page | My bookshelf | Mobile Reading

Free Web Novel,Novel online - All in oicq.net -> Romance -> The Financial Son of the Great Era

Chapter 541: A blow to the head 6

Previous page        Return to Catalog        Next page

    It has to be said that the trick Li Bin gave to the other party was very vicious: firstly, Zhong Shi was restricted by interests and could not let go; secondly, international institutions could take advantage of this opportunity to cause trouble and return the renminbi; thirdly,  If Tianyu Fund continues this kind of interest relationship, then Zhong Shi will not sit in this position for too long, and Li Bin can naturally take over.  ??¡¤1kanshu¡¤ Kill three birds with one stone.  It¡¯s just that Li Bin judged a gentleman¡¯s heart with a villain¡¯s heart, and completely missed the possibility that Tianyu Fund did not intervene in the RMB market at all.  However, given his nature, he would never think of this, because he firmly believes that the world is as black as crows.  It¡¯s just that Li Bin never thought that Zhong Shi and he were completely different people.  "Have you heard about the recent rumors in the market?" Two days later, in the office of Governor Jin of the Central Bank, a serious-looking Governor Jin said to Zhong Shi in front of him, "It's the rumors about Tianyu Fund's involvement in the RMB exchange rate.  "Do you have anything to say?" President Jin is quite satisfied with Zhong Shi's work.  After he took over, the RMB rose for five consecutive trading days without using any foreign exchange reserves. This achievement made the pressure on his shoulders disappear, and his whole person became energetic.  But the good times did not last long, and soon the news came out in the foreign exchange market that Hong Kong's Tianyu Fund was buying goods in the offshore market, which led to this wave of RMB surge.  Generally speaking, including the spot market and offshore market, the total daily RMB transaction volume is around 50 billion U.S. dollars. Most of this is the business needs between commercial banks. This part is rigid demand, regardless of whether it rises or falls.  to conduct transactions.  Although the share of speculation is not large, if there is a large amount of buying or selling in the short term, it can still affect the trend of the RMB exchange rate.  When the rumors first emerged, President Jin did not take the news too seriously.  After all, Zhong Shi has not used foreign exchange reserves so far, which means that even if the rumors are true, Tianyu Fund has not profited from them.  But as the rumors continued to ferment, he smelled a conspiracy.  For this reason, he had to talk to Zhong Shi to stop the further expansion of the situation.  "This" He pondered for a moment and advised tactfully, "If you have done similar behavior before, I hope you can stop it. After all, it may constitute suspicion of insider trading. As for the previous one we have exposed it.  "I have to say that his statement was quite generous.  It¡¯s just that Governor Jin¡¯s statement is also based on Tianyu Fund¡¯s participation in RMB and foreign exchange transactions.  "President Jin, what are you talking about?" Zhong Shi couldn't help but frown when he heard this, and retorted with a bad tone, "So, you also think that Tianyu Fund is involved? I have been in the industry for so long,  Do you mean you don¡¯t even have this awareness?¡± ¡°No?¡± Governor Jin looked at Zhong Shi subconsciously, and saw the magnanimity and awe on his face.  Said, "That's good, that's good. I read the book???¡¤1?k?a?n?s?h?u¡¤It turns out that the commotion is just a rumor. Look at what happened, it's harmful  I was worried for nothing.¡± Hearing Zhong Shi¡¯s personal denial, President Jin felt a little embarrassed, but he finally got rid of his worries and his mood suddenly improved.  "But President Jin, don't you think there is something fishy about this matter inside and out?" But President Jin wanted to expose it, but Zhong Shi refused and pursued him relentlessly.  , "Just a few days after I took office, such news came out in the market, which can be said to be false slander and slander against me personally. President Jin, we can't just let this matter go!" "Of course not.  That¡¯s it.¡± President Jin has always believed that Tianyu Fund was involved, but this is not the case.  When Zhong Shi said this, his heart suddenly moved and he fell into deep thought, "If this is not the case, then what is the purpose of this rumor? It shouldn't be as simple as just slandering you, right?" "It's not just about me.  , and also targeted the RMB.¡± Zhong Shi took the opportunity to analyze, ¡°There are only a few people who know about my appointment. And as far as I know, this news first spread from foreign markets, so can I do this?  Let¡¯s take a bold guess that some of us are involved with foreign institutions that are shorting the RMB?¡± ¡°This¡± Governor Jin doesn¡¯t understand what Zhong Shi wants to express. It¡¯s just that this kind of thing is involved.  Even if he moved his whole body, he couldn't express his position immediately. He immediately said hesitantly, "Not for the time being."So this guess will affect the mood of comrades at work, but this is also a possibility as you mentioned.  Let me talk to my colleagues at the police department and ask them to check it privately to see if there is anything like the situation you mentioned.  " On the one hand, he didn't want to go to war, and on the other hand, he believed that Zhong Shi's statement was reasonable. For this reason, he had to adopt a compromise method and let the procuratorate intervene in the investigation. " Of course, his wishful thinking was that the procuratorate would be perfunctory.  After a thorough investigation, he just had to give an explanation to his superiors, subordinates, and Zhong Shi. But what he didn¡¯t expect was that the procuratorate would follow the lead and finally find Li Bin. When the news was announced, it caused a sensation throughout China.  The financial circle also surprised Jin Xingchang. ¡°Okay, I¡¯ll go to work first.  " But at this time, neither Zhong Shi nor President Jin knew that the decision they made during the conversation actually brought out such a worm for the country. Seeing that the conversation had come to an end, Zhong Shi wisely said goodbye. " Work hard.  ,do not think too much about it!  "President Jin was in a good mood. He did not forget to give Zhong Shi a last word, and watched Zhong Shi leave his office with a smile. "Damn it, they are taking action!  " After leaving, Zhong Shi had a gloomy look on his face. He got into the conference room alone, dialed Paulson and others, and held a meeting on the phone for short sellers. " Are you talking about rumors?  " Although it was very unpleasant to be called up in the middle of the night, Paulson and others had no complaints, as long as there was benefit. After hearing Zhong Shi's complaint, Paulson was the first to wake up and asked, "Is it about  Are there rumors about Tianyu Fund?  " Zhong Shi and others can hear it, and Paulson and others naturally also receive relevant news. " This is a conspiracy!  " Zhong Shi gritted his teeth and said, "This is a complete conspiracy. The purpose is to tie my hands and feet so that they can short-sell unscrupulously.  I am sure that if I step down, they will immediately clear their positions and take profits.  " "The question now is, how long can you stay in this position?  " Dalio clearly realized the key and immediately asked without thinking, "If this rumor causes you to step down early, although we will not be very worried about the follow-up, after all, there are some uncontrollable factors.  The position will also be reduced accordingly.  But if you can continue to be in this position, we don't have anything to worry about.  " "Hehehehe, Raymond, you made a good plan!  " Zhong Shi sneered unceremoniously, "Follow me, have I ever made you suffer?  Does anyone else think so besides him?  If you want to quit, I don't mind letting you quit now.  " "Sorry, Mr. Zhong, I didn't mean that" Realizing that he had offended Zhong Shi, Delio quickly apologized, "It's just a different form. We are still optimistic about the RMB exchange rate in the long term, although the short-term fluctuations are  Unavoidable.  Besides, we are not professional exchange rate operators, so it is not surprising that we are worried.  But I say guys, we all believe in Mr. Chung, right?  "    "Yes!  " "That's true!  " Paulson, Griffin and others all spoke one after another. "Okay, that's it for the time being.  ¡± This group of people is basically only interested in profit, and it is very difficult for them to be moral. Zhong Shi knows this very well. Although he has cooperated many times, if it is not profitable this time, they will turn around without blinking.  Leave. In this regard, Zhong Shi can only make them unite around him by tapping at the right time. ¡°Next, I have a plan to not take action in the next few days and let them eat up enough short positions until necessary.  When the time comes, catch them all again!  ¡± Originally, Zhong Shi was in charge of foreign exchange trading, with the purpose of stabilizing the RMB exchange rate in the market and combating the currently rampant short sellers. However, after pushing up the RMB exchange rate for five consecutive trading days, these short sellers did not know how to move forward or retreat, but instead changed their minds.  When it comes to Zhong Shi, this makes him a little unbearable. So he plans to sell the shortcomings first, and then annihilate them when they think they have control of the situation. Naturally, Paulson and others will not accept Zhong Shi's strategy.  Any comments. ¡°But gentlemen, we will not use the power of the Central Bank of China this time.  " Just when everyone was secretly proud of Zhong Shi's idea, Zhong Shi suddenly dropped a bombshell, "We have to rely on our own strength, is there no problem?  "    "This is how the same thing?  ¡± ¡°If there were no HuaxiaIf it works, can it be done by us alone?  " "Didn't you do what we said before?  "According to the previous plan, the Central Bank of China and several hedge funds jointly took action to crack down on short sellers in the market. It is precisely because of the support of the Central Bank of China that several hedge funds dared to scan the market so unscrupulously. Only now  Zhong Shi said this, which meant that their positions were all risk exposures. This change was difficult for them to accept for a while, and they immediately shouted, "This rumor gave me a wake-up call!"  "When they finished shouting, Zhong Shi said calmly, "Even if Tianyu Fund is not involved, there are still rumors that I have transferred benefits.  If your identity is exposed, then I will be called a traitor.  Not only will my reputation be ruined, but the Chinese government will also be disgraced.  " Paper cannot stop the fire. If Zhong Shi had not considered this before, then this rumor was a wake-up call for him. Because no matter what he did, he was suspected of conveying benefits. In the end, there was only one solution.  The way is not to use the foreign exchange reserves of the Central Bank of China. ¡°But you don¡¯t have to worry too much. Tianyu Fund will join in this battle with all its strength.  " After changing the subject, he reassured everyone, "Give them a heavy blow at the right time.  But I'm afraid I will have to resign from my current position by then. After all, the rumors of so-called "profit transfer" have been confirmed.  Everyone, do you have the confidence to liquidate short positions in this situation?  "If Tianyu Fund intervenes in the RMB foreign exchange market, Zhong Shi will naturally not be able to continue to sit in this position. However, his statement still makes everyone very satisfied. "Although Tianyu Fund's assets are far less than those of the Central Bank of China,  But the amount of funds they can use in the short term far exceeds the latter. If Tianyu Fund intervenes only in the short term, it is entirely possible for them to put the short position to death. ¡°Of course!  " Paulson was the first to shout out, followed by Griffin, Dalio and others. The whole matter was settled. In the next three trading days, due to the "Zhongshi interests"  "Transport" news, many shorts poured into the short side of the RMB, which also caused the RMB to fall for three consecutive days. On September 9, after six consecutive days of decline, the RMB once again reached the 6.5 mark. (  To be continued) (To be continued)
Didn't finish reading? Add this book to your favoritesI'm a member and bookmarked this chapterCopy the address of this book and recommend it to your friends for pointsChapter error? Click here to report