Chapter 57
"In addition, if you encounter problems, you can go to Yao Bin for help. He is also a shareholder of the live broadcast company."
"Okay, Mr. Chen, I will handle it seriously and I won't let you down." Wang Baichuan knew that Chen Fang was trying to support him, and now he was ready to follow Chen Fang.
Andy was a little confused, but he endured it and thought about asking after Wang Baichuan left. Wang Baichuan got off the car at an intersection and was going to take a taxi back here. After the last car rental incident was exposed, he didn't have the nerve to drive that BMW 3
Tie.
While waiting for the elevator, "Chen Fang, what kind of live broadcast company are you planning to open...can you tell me about it?" Andy is very interested in these new things, and it's out of concern.
"At this stage, we mainly focus on cultivating Internet celebrity accounts and anchor business, and will monetize it through live broadcasts in the future..." Chen Fang told Andy about the live broadcast company's routines, and the rest of the people would definitely not tell this secret.
"By the way Andy, don't tell others these things..." The main other person here is Tan Zongming.
After listening to Chen Fang's words, Andy's eyes lit up! She increasingly felt that this path was very feasible and would definitely succeed in the future. Because of the popularity of 4G networks, many young people now hope for short video business...
"Don't worry, you still can't trust me as a person?" Andy also said with a smile.
Soon the elevator reached the 22nd floor. Andy said "Bye," and walked out of the elevator. She was really tired today and she had long wanted to rest.
After Chen Fang returned home, Qiu Yingying had been waiting for him.
"My dear, you are back! I have been waiting for you for a long time..."
Qiu Yingying also asked her to go, but refused to go. Now she started complaining about the long wait. In fact, she was mainly afraid of embarrassing Chen Fang. She felt that she didn't understand anything.
"Okay, I'll reward you with a nice reward later..." Chen Fang showed a naughty smile.
....
After the clouds and rain passed, Chen Fang hugged Qiu Yingying and said.
"By the way, the company may be very busy recently, and I might not go home. If you have anything, come to the company to see me..." Chen Fang told me the next arrangement, so as not to find someone else like last time.
stop.
"Well, okay! I will. I will go and play with Sister Andy when I have time. Come on, my dear." Qiu Yingying knew that her boyfriend was going to be busy with work, so he would not be so messy.
On the second day, Chen Fang came to Future Finance.
"Yangyang, are you ready for leveraged financing?"
"Mr. Chen, everything is ready! The funds of 350 million U.S. dollars plus 50 times leverage can be used at any time..." 50 times leverage for foreign exchange speculation is nothing. This time Chen Fang was prepared to play it safe and steady and only asked for 50 times leverage.
"That's good. The notice will be given for the next week, so traders will eat and drink in the company! No one is allowed to leave midway without incident. The success or failure will depend on this time... In addition, Chen Lixuan will be informed to do the logistics work."
Yangyang was very excited when he heard that the company would be big this time, and it seemed that Chen Fang took it very seriously, because there was nothing to eat or drink in the company last time, so it seemed that the situation was satisfactory.
"Okay, Director Chen, I will make the arrangements right away. I will report the relevant situation to the general manager." Yangyang is also very curious about future finance. The general manager is basically a logistics manager, or it would be more appropriate to call him an administrative manager.
But this is not something she should consider.
The beautiful country is about to officially start raising interest rates!
And once the beautiful country starts to raise interest rates, China's domestic foreign capital will immediately return to the beautiful country carrying a large amount of US dollars!
It is precisely because of this that China's foreign exchange reserves dropped by a full one trillion U.S. dollars in one year from 2015 to 2016!
At the same time, as these foreign investments withdraw.
China's domestic economy has also begun to experience various problems.
House prices and stock prices fell.
Ordinary people are unemployed in large numbers.
But in the end, with the strong support of relevant departments in China, the economy slowly recovered, and the losses were not large in the end. The effective acquisition method of the United States did not reach China, and in the end it could only be left alone.
But now is a good time for speculation. It is normal for US$350 million to be doubled several times.
Chen Fang clearly remembers that the exchange rate of US dollars to RMB dropped from the highest of 1:6.32 to 1.675 in just over a month!
A drop of more than 6% in one month!
Such a decline, for a big, stable country like China, can even be said to be a superpower!
It’s definitely very big!
But the final result of this exchange rate war.
It still ended with the Central Bank of China completely blowing up the short sellers, the beautiful country and other short sellers!
Because the size of China is simply not comparable to that of a small country in Southeast Asia, so those short sellers are doomed to fail.
Unlike stock and futures trading, foreign exchange trading can only be traded for four hours during the day. Trading can be carried out almost 24 hours a day. It is mainly divided into three time periods, Asian trading, European trading, and American trading.
So now that Chen Fang is ready, he is ready to get started. For Chen Fang, foreign exchange is something he is familiar with. This is how he made his fortune in the world in his thirties.
Chen Fang focuses on USD/y, which has the largest trading volume.
USD/Y is currently oscillating around 6.3251, with an upper and lower range of no more than four or five points.
With one hand worth one hundred thousand dollars, you only earn ten dollars per pip, which seems very little.
But don't forget, there is leverage.
With a net worth of more than 20,000, Huaxin gave Chen Fang a leverage of 50 times. The leverage could have been higher.
According to the principles of margin trading, one USD/y worth 100,000 U.S. dollars can be purchased with only 2,000 U.S. dollars. If the exchange rate fluctuates casually, the profit will be 45%. This is an unlimited transaction.
Just do a few swings and you can make a lot of profits.
And it can also go short.
You can make money regardless of the ups and downs.
Chen Fang now has 17.5 billion US dollars in funds available, which are basically leveraged, meaning he can go long or short about 175,000 foreign exchange short or long orders.
“First short 30,000 USD/RMB short orders, complete quickly!”
"Yes!"
The traders quickly started to take action. There was not a single wave in the 30,000-handed trade, but it continued to fluctuate. In my memory, it should be falling now.
The market's reaction soon came out, and I didn't need to be nagging after seeing this.
"Place another short order of 140,000 lots, hurry up..." Chen Fang said loudly. Fortunately, there is such a trader, otherwise buying such a lot of trading orders would have exhausted Chen Fang.
10,000 lots, 20,000 lots, 50,000 lots...
Soon the short order that was left open was completely filled, and now I can only resign myself to fate. Although the short position has become a trend, the central bank of China has not yet come to an end, and the decline in the exchange rate will increase step by step.
Yangyang was dumbfounded. His boss was so courageous. His tone was more of a gamble than a courageous one.
next chapter
Chapter completed!