Rebirth: The Financial Giant

Chapter 182 [The bears of two fiascoes summed up a lesson (guarantee 22)]

the next day.

As the short army scrambled to withdraw yesterday, the appreciation momentum of the offshore RMB exchange rate has also been very sustainable today, and it is picking up in a steady and orderly manner.

The army of bears has withdrawn, and Lu Ming can now sell the RMB with confidence and boldness. The offshore market also needs RMB liquidity. The key is to maintain the offshore exchange rate at a reasonable and balanced water level.

Lu Ming sold off US$20 billion in offshore RMB, and still holds US$61 billion, which is 418.8 billion yuan at the current exchange rate, which is equivalent to about 28% of the offshore market.

This fund Lu Ming intends to stay here for a long time in the future. Now this time node is not suitable for large-scale investment in the international market. The reason is still from the risk of beautiful countries.

U.S. stocks, the main investment market, can’t be swayed in the past. If the other party uses the tricks of “pulling your butt legs” and “rogue” for you, you really have nothing to do with the other party in their home court. Your assets are frozen, and the negotiation between the two parties is calculated on a yearly basis. Your assets will not be confiscated but valuable time costs will be lost.

At present, the scale of capital invested in the North American capital market is about 30 billion US dollars, which is not very large. In the future, it will try to maintain the scale of 100 billion US dollars. Once profits are made, they will be closed and the profits will be brought back.

In this way, even if Lao Mei finally wants to freeze your assets, she will not be passive and harmless.

However, the stable arbitrage opportunities are still in the international foreign exchange market led by the US dollar index. The daily trading volume here is on the order of trillions of dollars in the market. possible.

Because the U.S. dollar circulates all over the world, and the whole world is trading, Lu Ming can change his vest frequently, and he will definitely run fast.

At the same time, don’t be too unrestrained, the amount of funds is relatively small, and you should be low-key. Overeating is definitely not as good as eating meat and water.

It is no exaggeration to say that Lu Ming's speculation in the US dollar foreign exchange market is simply a super stable cash machine.

Go long when it goes up, go short when it goes down, come to recycle and harvest, and it’s a lot of fun!

...

Qi Wei, who was in charge of implementing Lu Ming's decision, was completely convinced, the boss really did it a little bit, as if he was predicting the future.

The US dollar ushered in such a major negative. After the news was just announced, the RMB exchange rate soared by -1.27%, from 6.8662 yesterday to the water level of 6.7789.

This round of god-level assists by Sichuan University has brought the RMB back to a reasonable equilibrium level.

Similarly, Lu Ming also reduced his attention to the foreign exchange market and shorted the US dollar index. Not surprisingly, the US dollar will maintain a downward trend for the whole year in the next year, and it will rebound for a month in February, but this is only a weak Reverse pumping, after the pumping will continue to fall.

Close all short positions by the end of January, flip long positions in February, and then continue to turn short positions. Anyway, both ups and downs are earned. Lu Ming regards the US dollar foreign exchange market as a drawing right, and it is enough to withdraw money regularly.

The so-called can be repeated, not repeated, the two fiasco has learned a painful lesson: as long as the country maintains the ability to strongly intervene in the financial capital market, and does not achieve complete freedom and opening of the financial market, it can be harvested by shorting the renminbi. invalid.

No matter how many times you come, you will always face the same failure.

So, not long after the retreat, for the next few days...

...

The foreign exchange war has come to an end. At this time, Qi Wei is reporting the finishing work of the offshore market in Lu Ming's office. After the business is finished, he can't help but say a digression: ...From the news from the international financial community in the past few days. From the looks of it, the West has started a war of public opinion.

Lu Ming smiled and said lightly, These two failures have helped them to remember and know the reason for the failure.

Qi Wei couldn't help sighing and said: After this protracted currency war that lasted for more than a year, I recall how many voices of accusations came from our own people in China, pointing to the management's response to the exchange. The control of foreign exchange is too strict, and there are too many interventions for capital outflows, but I don’t know the dangers…”

In the past year, this kind of pointing voice has made many ordinary people who don't understand the dangers of it believe that the management's excessive interference in this area is not correct, and even for those who want to carry out economic plunder. The so-called justice is said by the international robbers of the past, and even now, this kind of voice is still heard.

Lu Ming nodded: Wang Ju and the others are indeed under enormous pressure.

Qi Wei said: To be honest, I can't even imagine the terrible consequences if the control of foreign exchange and capital markets is relaxed a little under the pressure of this so-called public opinion. The thing that really sent chills down the spine was that it was all near misses.

Hearing his exclamation, Lu Ming couldn't help joking: Lao Qi, our conversation seems to be a bit of a 'butt crooked', we are capital, it sounds like a prison for ourselves.

Hearing this, Qi Wei couldn't help laughing and said: After this currency war, I also have a lot of feelings and understanding. The biggest gain is to realize that Tiansheng is fundamentally different from the capital led by Wall Street in the Western world. We won't get far with the difference.

The biggest difference between Tiansheng Capital and Wall Street capital is that Wall Street capital is purely profit-seeking without borders. Although Tiansheng Capital must also pursue profit, there is a premise that needs to be abided by, and that is The fundamental interests of the country and the nation should take precedence over the interests of Tiansheng Capital itself and LPs.

When the fundamental interests of the country and the nation conflict with the interests of Tiansheng Capital itself and the interests of LPs, it is necessary to make way for the fundamental interests of the country and the nation, and to abide by the fundamental interests of the country and the nation above all else is the future of Tiansheng Capital. The foundation of being able to go longer and develop more broadly.

It can be said that this benchmark is the core of Tiansheng Capital's survival!

Some interests must be given up, such as the housing market. Lu Ming is very clear that even if he enters the housing market now, he can still make a lot of money. If he really goes to that day, the big troubles after Sheng Capital may be late, but he will definitely not. absent.

The small house is small, the big house is big, and the reluctance is reluctant. This pattern is wisdom.

And it is impossible to do it at all. With the stable ATM machine in the international foreign exchange market in hand, it is really impossible to make yourself feel uncomfortable.

...