Chapter 683: The Secret War in the Forex Market
Yuwen Xing said that the group is taking a lot of US dollars to stabilize the exchange rate of Xiangdao, but in fact he knows the causes and consequences. This is not a volunteer work, but a "bet".
He mentioned it at that time mainly because he was unstable.
Not only is he unstable, many people are unstable...
On the morning of the 16th, Li Huanxin came to Long Jianhua's office with a confused look on his face, "Mr. Long, this won't work. We have released 3.3 billion US dollars, and the exchange rate is still falling. It opens today and is close to nine yuan."
"I went to see the Director of Finance yesterday, and they have invested more than $7 billion, and now they are unable to invest anymore."
As a financial president, one of his responsibilities is to avoid loss of funds.
Long Jianhua asked lightly, "How many have been out of the Eagle Country?"
"The pound is nearly 2 billion US dollars. Judging from what they mean, they don't seem to be ready to continue investing in, for fear of the loss being too big."
It is not the past, and they only account for 20% of their income, which means they have invested all the income they have obtained last year and have also paid for this year or even next year. It is expected that they will not continue to invest.
After thinking for a moment, he said, "You keep putting pressure on them, we respond to their initiative to rescue us, and we can't cheat us. We want them to continue to invest."
If you want to escape when you encounter a situation, it won’t be that good thing.
I have to pay back what I have taken, and I have to vomit what I have eaten.
Although I may not continue to invest, my posture is still shown.
Li Huanxin asked, "Then do we continue? There is not much cash left."
Starting from eight yuan and three yuan, 3.3 billion was spent in less than nine yuan. This is just the group. With the bank, the total amount of US dollars spent has exceeded nine billion.
He waved his hand, "Leave enough money needed for normal needs, and more will continue. We still need to support the work of the Hong Kong government, which is also related to the future of Xiangdao. In such an environment, we cannot be immune to it."
"According to Xiangdao's strength, the Hong Kong dollar has been oversold. This phenomenon will not last long and we will make a profit soon. I learned that although many people leave Hong Kong, there are also many companies entering."
Li Huanxin nodded, "Indeed, the Hong Kong dollar is so cheap now that many companies are starting to come in to buy at the bottom. This is a game, and I don't know who will get the benefits in the end."
Long Jianhua smiled, "We will definitely get benefits."
After Li Huanxin left, Long Jianhua picked up the phone and dialed it out, "It fell below nine yuan, and it will be accepted... Yes, no matter how much."
So many beautiful knives are just used for this...
In an office on Waer Street, a middle-aged white man held a report and said with a smile, "I didn't expect that there would be such an opportunity in the small place in Xiangdao. Should I get involved or not?"
The white man sitting opposite him turned his wine glass, "Someone has already been involved. He borrowed a US dollar and went in at 8.5 yuan. It is said that the number is not large; now it seems that it is a loss. Such a small place may be bankrupt."
"What you said is really possible. The situation there is very embarrassing now. Our friends in the Eagle Country only want to obtain 20% of the income. Red China did not take over, but was governed by the indigenous people." The man put down the report and picked up the wine glass.
Then he asked, "I remember something funny. If the Hong Kong dollar really collapses, will it be used in pounds or Hong Kong dollars in the future?"
The man opposite shook his head, "It is impossible to use pounds, and Red China will definitely intervene. Therefore, the Eagle Kingdom will definitely take action and cannot let the Hong Kong dollar collapse. Perhaps, we can indeed mix it up and let it fall below 10 yuan.8.9685, with at least 10% net income; you can get it back after playing for a while, and it takes up for a month at most, a very good deal."
The man who read the report laughed and said, "Man, you want to cheat our allies... But this idea is good, we have to get involved. Go to his allies, our allies are just Americans."
After taking a sip of wine, he looked at the man opposite him, "We invest a billion US dollars, which should be able to break their defense and let them fall quickly, right?"
The man opposite was cautious at this time, "Hey, man, we have to study it carefully. What should we do if the Eagle Kingdom really doesn't save the market and let it go bankrupt? What should we do if it is really stable at ten yuan? So many Eagle Kingdoms evacuated there, and the withdrawn funds exceeded 10 billion US dollars, and now they have only dropped to this price, which means that Xiangdao still has a certain foundation."
Then he added, "There is another possibility that the Xiangdao government implements a fixed exchange rate, which will be a big trouble, after all, it is an unknown."
The man who read the report laughed, "Man, I think you have thought too much. A month is only more than twenty days to be exact. As long as we fall below ten yuan, we will leave immediately, and God cannot stop us from making profits."
The two of them briefly discussed and arranged for someone to take out a loan, first borrowing 100 million US dollars; the remaining 900 million can be withdrawn at any time, depending on the final use amount.
As they have a pretty good relationship with the bank, which is a kind of credit loan.
In the evening, the two of them came to the office with great enthusiasm, looked at each other and smiled, and then disappeared immediately after hanging out on September 2238.
The man who read the report was surprised, "Is there such a thing? Another 100 basis points will be reduced and 200 million will be spent in!"
As a result, they were all taken away.
His cold sweat came out, his face showed its blue veins and he roared, "How is that possible? Who else would have such a big money at this time?"
Turning his head to look at the man, "Didn't you say the Eagle Government is hesitating whether to continue?"
The man nodded, "I'm sure of this."
He roared, "I don't believe it anymore. There are still people in Xiangdao who can eat my billion US dollars! This time I spent 300 million, 9.3386!"
The man quickly said, "No. We should have any factors that have not been taken into account yet, and we need to re-analyze them."
I have to say that he is very cautious and has no brains...
In the Xiangdao foreign exchange trading hall, those traders were stunned when they saw the two large pieces of data that appeared and disappeared quickly.
They are traders and it is their duty to take orders from customers; however, they are also from Xiangdao, knowing what the collapse of the Hong Kong dollar will bring to Xiangdao.
When the first offer of nearly 900 million Hong Kong dollars was released, their hearts were down, but in less than ten seconds, the order was taken away by a trader, and they breathed a sigh of relief.
However, it has not been completely relaxed yet, and it is nearly 1.8 billion Hong Kong dollars, which is listed at a price of 9.2338.
This is nearly 200 million US dollars, and it is also the largest order this week. Can anyone take it?
Chapter completed!