The central parity of the renminbi is very important, the offshore exchange rate is now falling from 67124 to 679o8, a range of more than 11, but the onshore exchange rate is 66o3o.
What would the central bank do if it wanted to intervene strongly in the exchange rate market?
I don't care about your offshore exchange rate, I just let the onshore exchange rate go according to my idea anyway, and then shout 66, how can you make the onshore currency, the onshore exchange rate and the offshore currency, and the offshore exchange rate have arbitrage space, and naturally there is capital to adjust.
You know, if the middle price of the exchange rate is 66o3o, then the onshore exchange rate can only fluctuate by adding or subtracting 2 at this number, and then, even if you fall by 2, I will shout 66o3o again tomorrow, how is it not very rogue is not very cool is not helpless The answer is that international financial institutions will feel like they are beeping dogs.
This is also an important reason why China is always accused of being a currency manipulator Therefore, the middle price is very important, it can be seen that China meddles in the exchange rate, and even sometimes, China will first use foreign exchange reserves to stabilize the RMB exchange rate, and then shout an appropriate middle price, taking the so-called marketization as a joke.
Lei Hao wants to get the middle price first, the reason is very simple, he needs to know what the regulator's attitude is towards Thunder, whether he can know the dynamics of the regulator, it is also very important to him, although it is only 2o minutes in advance, but he has a good idea to do things.
Before the bell rang at 9 o'clock, there was a knock on the door of the conference room, and Xiang Yongze's assistant who had arranged outside immediately ran in. “66757” In the conference room, a burst of inexplicable emotions surged into everyone's hearts.
They are all elites in the financial circle, and it is easy for everyone to see what this number represents.
Yanjing, Central Bank.
Wang Huachen was facing some people's doubts, but there seemed to be a fire in his eyes, and there were several people who had a fire in his heart like him. "66757, it is very dangerous to let the median price fluctuate with the offshore exchange rate."
"The pace of marketization doesn't need to be too fast, we can try data like 665 first."
"Yes, the renminbi is not just looking at the dollar, we are referring to a basket of currencies." 66757, relative to 66O3O, also fell 11, the central bank asked the foreign exchange trading center to report this number, the attitude is already obvious: hard cap It doesn't make sense that I shouted financial market a few days ago, and now I have to start intervening strongly in the financial market, isn't it 1, as long as it is determined by the market, I can give.
A small number represents determination and courage, but it also represents a huge risk.
If the trend of collapse is too strong, it is easy to have an accident, and when the time comes, you have to eat the numbers you shout out, or you have to use foreign exchange reserves to calm down, the picture is simply beautiful.
"The overnight figure for SHIBOR has risen to 12, and you think at this time, we need to stabilize the median price" "The expectation of dollar appreciation has increased, and the dollar index has risen close to 1, do you think that at this time, we need to stabilize the middle price" "The people outside are waiting to see our jokes, the words just said can be taken back, whether the just pulled out can be eaten back again, now the attitude is a little tougher, when it's time to eat, this tough attitude is just the seasoning on the lump of things, all at that time, what are you afraid of" Wang Huachen reprimanded two sentences in a row, and then directly exploded rudely, making a group of people a little stupid.
The meaning of these words is also very simple, since it is all financialized, then first firmly implement, even if the situation is very bad, the central bank can intervene at any time and adjust back, then the result is obvious, you have overturned your own view of financial marketization, are you afraid that the current tough attitude will be regarded as a joke There are too many lice and it is not itchy, this is what Wang Huachen means.
Yangcheng, Thunder.
Everyone is very excited, and the central bank has put out a figure of 66,757, indicating a resolute market-oriented attitude, which is undoubtedly something that is very worthy of the excitement of China's financial practitioners.
For Lei Hao, the impact on his operation project was mixed.
The disadvantage is that the central bank has expressed the attitude that 1 is not meddling in the psychological line, and the bears will laugh comfortably.
The good thing is that the central bank has expressed the attitude that 1 is not meddling in the psychological line, and the bulls will have more confidence in the marketization of the RMB.
With the support of China's economy, this matter is almost evenly matched.
But for people in the financial circle, it is very different, except for the possibility of unlocking some shackles, what you can see is a momentum, the momentum of a big country, the momentum of no one, and the confidence in their own currency.
This is very important, and it will make the market psychology slightly biased towards the renminbi, as long as it withstands this shock, the status of the currency will be improved.
Lei Hao thought about it, and while he was excited, he had a bad premonition.
"Yang Ma is doing this, will it increase the amount of energy again" Lei Hao thought in his heart, and then, he felt his mobile phone vibrating.
When I picked it up, it was Qin Yu.
After answering the phone, the next call came in, and the second call was the third call Yesterday, all the institutions that held a video conference in the conference room called over, and it was very simple to explain the determination to enter the market, and it seems that the central bank's release of market-oriented signals has been recognized by everyone.
Come to think of it, the Chinese market is a huge market, at this time, if there is a winning rate, everyone is still willing to brush a wave of faces, by the way to express their closeness.
Of course, everyone knows that this attitude is indispensable to Lei Hao's opinion, if it weren't for him saying that he could win, Keda and HSBC, a group of old fritters, would not dare to enter now, they would definitely have to wait and see.
And even with such a premise, Lei Hao is very clear that the capital in the market is still very large, and the United States does not want other countries to do anything to de-dollarize. 9:3o.
A shares opened at 5o points in green, and 1oo points were leaked within half an hour, and they retreated directly to around 415o, and the volume shrank, and there were almost no trading orders, but due to yesterday's large number of short positions, everyone knows that there is support below, and the trend of collapse will be stabilized.
Sure enough, from 41oo points, there were 6 consecutive buying orders, and the psychological state of market participants was reversed, and everyone had a bottom in their hearts. 1o o'clock.
The offshore exchange rate of RMB directly broke 68 at 9:30 and rushed to around 685, impacting the psychological price of this market.
The stock market and the foreign exchange market have also formed a chain reaction, coupled with the increase in the expectation of the appreciation of the US dollar in the periphery, the general decline of the Asia-Pacific stock market, and the implementation of China's financial market, it seems that the entire Asian financial market is violently fluctuating, and the largest amplitude is in the offshore RMB market and the A-share securities market.
There are also the strange high interest rates in the Shanghai interbank lending market, as long as you are a financial practitioner, then no matter how stupid you know, the war has begun, and the center of the battlefield is in Asia, China, and the RMB market
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