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Chapter 133 The Battle of Xiangjiang (3)

As early as the end of July this year, there were rumors on the China Overseas Foreign Exchange black market that due to floods, the yen crisis and many other factors, the value of the RMB was difficult to hold.

As a result, the exchange rate of RMB against the U.S. dollar on the black market fell to 8.70, 5% lower than the official exchange rate of 8.28. Relevant rumors also prompted investors to sell B shares to cash out and buy U.S. dollars. By July 28, B shares fell by 1%.

Three point five, a record low.

For a time, bad news about the RMB kept coming one after another, and many investors couldn't help but wonder how long the RMB could survive.

On August 3, the exchange rate of the Japanese yen against the U.S. dollar exceeded the important mark of 145, and citizens in China and Hainan went to the black market to exchange for U.S. dollars at high prices.

On this day, the black market exchange rate of RMB reached 8.8 yuan to 1 US dollar.

Lu Yiming and Li Yiwen were looking for useful information in the piles of newspapers and magazines in front of them.

Suddenly, Lu Yiming took a newspaper and saw a report that interested him: "The black market price of RMB in Zhonghai has actually dropped to 1 US dollar to 9.2 yuan, which is nearly 9% lower than the official exchange rate.

ah."

Li Yiwen was puzzled: "Why are you paying attention to these news?"

He actually didn't understand what this had to do with the Xiangjiang Financial Defense War. After all, these news contents showed the general situation of domestic economic development.

Lu Yiming sighed and said: "Actually, a lot of news can be analyzed from newspapers. At present, the domestic economic development has not slowed down, but the black market exchange rate of RMB has fallen like this. It is obvious that someone is secretly manipulating this move.

The sword dance is meant for Pei Gong, and Xiangjiang is that Pei Gong."

Li Yiwen was a little shocked: "How did you know it was Xiangjiang?"

Lu Yiming carefully analyzed: "The depreciation of the RMB is bound to have a heavy blow to the linked exchange rate system in Hong Kong. This information will undoubtedly further stimulate the stock and foreign exchange markets in Hong Kong. At present, Hong Kong is the financial center of Asia and has the most frequent external economic activities in Asia.

The transfer station. Where else could it be if it wasn’t here?”

Just as Li Yiwen was about to speak, Ren Junle knocked on the door and came in, saying repeatedly: "Boss, I have observed an abnormal phenomenon."

"explain."

"Due to the softening of the New York stock market, the Hong Kong stock market fell as much as 299 points today alone, and it looks like the situation will continue to decline. I think the risk is too great if we continue to go long."

The implication is that Lu Yiming is allowed to follow the trend of international hot money and make money by short selling. There is no need to "go against the trend."

Lu Yiming teased: "As a mainlander, I am determined to defend Xiangjiang. You, a local from Xiangjiang, are you inappropriate to say this?"

In response to Lu Yiming's ridicule, Ren Junle remained expressionless, still maintaining her coolness, and her tone of voice was more like an emotionless money-making machine. She seemed to respond very reasonably: "I'm just giving a rational answer.

My suggestion is that if you want to make profits in the stock market, you must abandon the interference of emotional factors and try to make rational judgments and decisions."

Ren Junle doesn’t think there’s anything wrong with her idea. She just makes reasonable use of the rules to make money. It’s not illegal, so why can’t she do it?

As for being patriotic or not, how much is patriotism worth?

What's more, Ren Junle has no national identity at all.

At present, the island country is unable to make a comeback. Listed companies in Hong Kong are announcing their interim results one after another, and all kinds of bad news are coming one after another - Cathay Pacific has lost money for the first time in more than 50 years, Swire and HSBC's profits have fallen sharply. Rumors and rumors are rife in the Hong Kong market.

It makes investors panic.

The gathering of these bad news will undoubtedly serve as a signal for international financial speculators to attack Hong Kong.

Anyone who knows a little bit about finance can judge how bad the future situation will be.

In the opinion of many people, instead of living and dying with the Hong Kong stock market with loyalty, it is better to make money first and live a good life.

Lu Yiming himself had patriotism, and it was inflated to the point of overflowing, but Ren Junle didn't have it.

However, Lu Yiming would not forcefully change Ren Junle's views. He knew that with a person like Ren Junle, all he needed to do was talk about money.

"You are right, but not entirely right. With Soros and other international hot money, how much money can we make with the size of our Future Fund? It would be good if we could just eat some scraps, but even worse

The situation is that you can’t even afford scraps, so why bother risking being blacklisted to earn this hard-earned money?”

Ren Junle simply considers the issue from the perspective of a trader. He believes that capital has no borders and that making money must be done in business. This cannot be said to be wrong. At most, it is morally unacceptable.

But Lu Yiming is not stupid. He will still have to live in China in the future. Isn’t shorting Xiangjiang a court of death?

If I'm on the government's blacklist, can I still be okay?

Picking up sesame seeds and throwing away watermelons, Lu Yiming, who has received nine years of compulsory education, cannot do such a stupid thing.

The mainland is currently experiencing an economic boom, with gold everywhere and countless opportunities. A man of Soros's size will probably not be ranked high in the country in ten or eight years.

If you follow Soros to make a little money now, you won't be able to make big money in the future. Anyone who has memorized the multiplication table will never do such a stupid thing.

Lu Yiming did not intend to explain too much to Ren Junle and others, because saying this to a person who does not believe in the country's rise from the bottom of his heart is no different from playing the harp to a cow.

However, morale still needs to be boosted to prevent them from being perfunctory and not working hard.

After organizing his words a little, Lu Yiming said to everyone solemnly: "You have to have backbone as a person. Even if you don't have backbone, you still have to have ambition and courage. Only the investors who cut Xiangjiang can earn a little money. If we want to cut off, then we can do it."

Cut the fattest ones!”

Ren Junle was filled with curses in his heart.

This boss is really out of his mind. He really thinks he can cut international hot money?

Seeing Ren Junle's disapproval, Lu Yiming raised his eyebrows and looked at her delicate face with a smile: "What? You don't believe it?"

Ren Junle did not answer, but said: "Boss, I think it is better for the Future Fund not to be too ambitious. You are from the mainland and may not understand how powerful Soros's Quantum Fund is, let alone the international hot money that is like a pack of wolves.

These bloodthirsty financial giants have astronomical amounts of money in their hands, and they cannot be defeated by a slap on the forehead."

She was not Lu Yiming's employee, she was just paid to do things. What's more, Lu Yiming was just a mainlander, so she was not polite at all.

However, Lu Yiming's attitude towards this matter was very tough: "No, you don't understand how powerful our country is and how strong our determination is to defend Hong Kong. What's more, the so-called quantum funds and international hot money seem to be extremely tyrannical.

, in fact, they are nothing more than paper tigers, and I have already seen the fatal flaws they left."

"The fatal flaw? What is it?"
Chapter completed!
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