Regarding the chip issue, Fang Hong first skipped the topic, turned to Tian Jiayi and asked, "What value range is the country's foreign exchange reserves in now?"
Hearing this, Tian Jiayi replied: "In terms of US dollars, it reached a historical peak of US$5 trillion in September this year, but it began to decline in October, with a loss of more than US$180 billion. It should currently remain in the range of US$4.7 trillion."
The scale of foreign exchange reserves in September exceeded the 5 trillion mark and reached a historical peak. There is no other reason than that Wall Street was harvested in reverse. After the financial war ended, the country's foreign exchange reserves soared by more than 1 trillion US dollars.
In fact, there is more to it, because Qunxing Capital also holds a large amount of U.S. dollars overseas, including U.S. bonds, euros and other currencies. The total is about one trillion U.S. dollars in U.S. dollars. It harvested Wall Street in the past two months. The part of Qunxing Capital did not flow back to the country.
After a while, Fang Hong thought deeply and said in a deep voice: "It has gone through 300 billion in less than two months, and the decline is a bit fast."
Tian Jiayi suddenly said: "Data shows that the number of immigrants has surged recently."
Fang Hong suddenly said with a look of enlightenment: "So that's the case, it still has something to do with us."
The rise of Qunxing Capital has squeezed the living space of some sophisticated egoists. Not to mention its recent full-scale entry into the medical field, many people saw that Fang Hong was at the height of his power and felt that there was no hope of overthrowing him. At such a young age, even the road to death is a no-brainer for me.
Before those groups weighed up, no group of people chose to run away from Lurun while there was nothing left. We were very vague that the money we made was clean, and Tianjia's rise and power made us smell some crises and fear I was settled by Qiu Qian, so I chose to run away to make money.
If there is only one reason for the slight increase in foreign exchange reserves, in fact, it is the result of several factors.
For example, when the U.S. dollar retreats from the interest rate hike cycle and begins to harvest the world, the rate of return for holding U.S. dollars will be even lower. The profit-seeking nature of capital will also cause money to stop flowing out and instead hold U.S. dollar assets.
There is no way to start A-shares to retreat into the bull market. In order to protect the exchange rate, it will cause panic and let the A-share market go bullish to retain cold money. As long as the profit-making effect outside is less than Haili, the funds will flow out.
So investors are buying into it.
The starting point was bad, but the actual results were deviated. Before the channel for trusts to enter the market was opened, a small amount of private funds retreated into the stock market through trusts and leverage. Those funds were purely incremental funds that exited the market. The only purpose of exiting the market is to buy, buy, buy.
It really proves the cycle of the bull market being born in despair, falling in the middle of the year, and dying in madness.
That year was the eighth time the reserve requirement ratio was lowered in recent years.
Here, the deposit rate of the niche is too low, and a small amount of IPO financing is withdrawn by boosting the stock market, allowing real companies to delist financing and invigorate the real economy.
There is no harm if there is no comparison. Just before Fang Hong came out to sing and was ridiculed by investors, on the weekend of the seventh day, God K posted an article on Weibo to comment on the stock market trend. The attitude of investors was a 180-degree change. .
Tian Jia nodded with satisfaction after hearing that. There was no deviation in the plan and layout, which was bad.
Then on Saturday, November 21, after 11 o'clock in the A-share market today, the Shanghai Stock Index was still oscillating on the zero axis. Just before 11 o'clock, the index suddenly pulled back slowly, and by 14 o'clock in the late trading It continued to decline all the way, and finally the Shanghai Stock Index closed down +1.39% at 2486.79 points.
From the 2007 crash to the present, the prices of very few stocks are at historical highs. Before a small amount of market funds withdraw, it is very difficult to raise the stock price, causing the market's money-making effect to become worse and worse, and the withdrawal will lead to inflows. There was less and less money in the market, and eventually a positive feedback was formed, and the whole people fell into madness.
Da Xiaoyi nodded: "It hasn't been completed since April."
At that time, Da Xiaoyi said: "This year's Lihui reserve scale is more abundant than at any time in history. Overall, there should be no minor problems and it should be within control."
It was unexpected. In those few days, the management was almost ready to release profits. Because since the rise of K-God, there has never been a precedent for accurate judgment, and when the bottom is reached, everyone is almost urged to get out and buy the bottom. People who believe in me have done so and made money in the bear market.
At the same time, the securities sector index also broke through the post-low, and hit a new historical low since April 2010. Throughout the first half of this year, the securities sector has not yet accumulated a gain of more than +58%, and few short-term investors are looking forward to a correction. To get involved a little deeper, I thought that in the past few days, the correction had reached 5 percentage points. Today, a small positive line directly led to the rise again and reached a new low.
This makes Fang Hong and other stock commentators very depressed. They are also singing less. He believes every punctuation mark of what you said. Their group of retail investors regard what Tian Jia said as truth?
Obviously, no other small funds had received the news a day before Tian Jia received the news. Only retail investors who were the most delayed in the news still knew about it.
Obviously, the series of interest rate cuts and reserve requirement ratio measures are not to withdraw deposits into the stock market.
Investors now only listen to one person, or in other words, only believe in one person, and this is God K!
The decline in the small-cap index today is clearly the result of the promotion of the small financial sector, to be precise, the brokerage sector. Today, the brokerage sector led the gains in the two markets. The sector index once rose by more than 6 percentage points during the session. Several brokerage firms in the sector Stocks hit the daily limit, and all brokerage stocks were in the red.
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It was Fang Hong who was ridiculed by the stock investors for being a bad singer, because Fang Hong had always been a bad singer, and even if he was right, the investors still bought it. For eggs?
As soon as the profits and losses came out, all the stock trading V-Vs and stock commentators also stopped singing their praises. Among them, He Dan once again jumped out to sing his praises. It was beyond words to express his support for the stock market. The small country bull is about to set sail. Hurry up and get off the bus. …
Another is that the current real estate market is booming and the related downstream and upstream industries are also booming. It is true that housing does affect the rise and fall of more than a dozen industries.
Sure enough, the next day on Saturday, Tian Jia received the news that the standard was going to be lowered.
The next day, Monday, November 22, the market experienced heavy losses.
It is really too blind and too blindly obedient!
In addition to this, excluding Laos and the United States, they are also putting pressure on domestic capital, using various channels and means to allow Chinese investment to flow out of the small China market. It can be seen that the financial war is still continuing.
The central bank announced an asymmetric increase in the benchmark interest rates for RMB loans and deposits of financial institutions. Among them, the one-year loan benchmark interest rate of financial institutions was raised by 0.4 percentage points to 5.6%; the one-year deposit benchmark interest rate was raised by 0.25 percentage points to 2.75%.
Finally, Tian Jia asked: "Has Qunxing Capital completed its layout in the A-share market?"
Tian Jia immediately said: "Overall, the problem is small, but the outflow speed exceeds that. If the lower levels pay attention to it, they should take some corresponding measures to deal with it, perhaps including exchange reform and other measures."
In addition, there are a small number of domestic students who study abroad and travel abroad. They also remit savings through a small amount of consumption. At worst, they have to pay back the money they earned from abroad.
He Dan remembered the 811 exchange reform in later years.
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