Winner Takes It All, Resurrection 2009

"Haha, a grassroots person lost a cat, and some people are more anxious than if they lost their relatives. It's simply a joke."

When the news of Qiantang reached the neighboring city of Yong, some people could not stand it anymore and made sarcastic comments.

By the way, this guy has some connection with Qingyun Investment. They are both in the financial circle of Shanghai. As one of the representatives of Ningbo's financial gang, Xu Xiang controls more than 200 billion assets.

During the initial rise of the Qingyun Group, he also set his eyes on this piece of fat meat. Unfortunately, Mr. Li, who was very familiar with his name, did not even bother to talk to him and directly threw the invitation to cooperation into the trash can.

Afterwards, he personally ordered that Xu Xiang be listed on the entire Qingyun cooperation blacklist, including that the industrial funds under Qingyun Investment were not allowed to enter when raising funds.

The reason is the resentment that comes from the bottom of his heart and penetrates deep into his bones. Even after being reborn, the fear of being dominated by Fangdai in his previous life still makes Li Zehua feel powerless and tremble from the depths of his soul when he recalls it.

If it weren't for this big brother's shocking collapse at the end of 15, perhaps Dongda Capital would have been able to turn the tide in the stock market and save confidence in the foreign exchange, bond, and foreign investment markets.

There is no need to be forced into another dead end.

Perhaps Xu Xiang really just wanted to make money, or the collective will of the investors behind him forced him to make a short-selling move that went against the East Asian Development Bank Association.

He was not the original instigator of all this, nor was he the absolute main force behind the bearish sentiment. But who made him be at the center of the storm at the time and take actual action?

Regardless of whether he was taking the blame or whether it was the truth, it was just this one financial speculator who actually managed to change the fate of an entire country, even if it happened another fifty years later.

There will also be countless people who will remember him, because just one look at the pile of steel bars and concrete that they bought at a huge price will make them uncontrollably angry.

Because of the fatal blow in 15, all the rescue efforts of the top leaders of the University of Tokyo came to naught in an instant because of the basket of currency policies formally established at the working meeting at the beginning of the year.

The biggest financial loophole in the past fifty years has been repaired. Starting from March, the issuance of RMB has been officially decoupled from the US dollar, and has been changed from the only credit anchor in the past to a combination of many international mainstream settlement currencies such as the US dollar, euro, and yen.

The reason is that the total assets of Southeast University in US dollars can no longer meet the real needs of Southeast University's economic development. If it is delayed further, the consequences will be disastrous, so we must take the initiative to seek change.

(When the total size of currency cannot meet economic and trade transactions, either the core assets are seriously undervalued and then bought at low prices by foreign capital, or the economic scale is forced to compress itself, commonly known as a deflationary hard landing, and then all industries are depressed.)
At that time, there were only two options open to the University of Tokyo. The first was to follow the requirements of Wall Street and the Federal Reserve and relax exchange rate controls, allowing the RMB exchange rate to soar to 1:4 or 1:5 in one go.

In contrast, Dongda University needs to abandon the dual guarantee system of onshore and offshore exchange rates and allow foreign capital to flow in and out freely.

Don't think that a sharp increase in exchange rates and appreciation of the local currency are good things. They will cause irreversible damage to the global competitiveness of domestic products. This is how the chicken in the basin was fooled before the Plaza Accord.

There is no need to say much about the results. The bitter fruit and shadow of the lost ten, twenty, and thirty years of economy have accompanied several generations of Chinese people.

Behind this is a sinister plan designed by Wall Street specifically to reap Dongda's assets. On the one hand, it requires a sharp appreciation of the RMB, and on the other hand, it demands the relaxation of exchange rate restrictions.

Then the Federal Reserve is ready to raise the interest rate by 0 or even 6 basis points in May or June, and is ready to raise the global interest rate of the US dollar from to more than % in one go.

The specific amount depends on the degree of cooperation from the University of Tokyo. If the University of Tokyo’s resistance is weak, then it can be raised to 2.5-4% (too high an interest rate will easily trigger inflation in the United States itself).

If they don't cooperate, the rate may even exceed 6%.

This is a dead end. China and the Southeast Asian countries have already taught later generations through their bloody experience that this road will not work.

Once the RMB appreciates rapidly and the exchange rate is liberalized (it cannot exist alone, it will either be bought at the bottom or triggered into deflation by US capital), and the Federal Reserve enters a phase of rapid interest rate hikes.

There will definitely be a global repatriation of US dollars. The market will vote with its feet and sell off RMB on a large scale and exchange it for US dollars. The achievements of the economic development of Southeast University in the past 20 to 30 years will be reaped overnight.

Then, when the dollar tide ends, a large amount of dollars will come back to buy at low prices, and this cycle will repeat itself. The industrialization process will be completely interrupted. Squid Capital will successfully defeat the last competitor and complete its global strategic layout.

Therefore, Todai resolutely chose another path, which is to introduce new credit anchors in addition to the more than 7 trillion US dollars (including US dollar currencies and assets that have not been settled overseas).

At that time, Southeast University did not have the strength to make all economies in the world recognize the credit of the RMB it issued, nor did it have to be used by the world. Instead, it had its own unique bulk resources and commodities (those that could not be replaced and had no similar competitors).

Therefore, they can only take shortcuts and focus on the euro and the yen, which have been accepted and recognized by the mainstream world, and try to introduce the capital groups behind the two to share the pressure from American capital.

Although Ou Meng was angry at the University of Tokyo for taking advantage of decisive events such as the European debt crisis, the pound crisis and the split of Hanscat, he took into account the aggressive stance of American capital.

With the attitude that the enemy of my enemy is my friend, I reluctantly admitted my mistake.

The foot basin chicken adheres to the consistent attitude of taking advantage when there is an advantage and hiding when there is trouble. If it cannot avoid it, it will play dead and accept the beatings and punishments. After the thing is done, it will not change and will dare to do it again next time.

It also accepted the new monetary policy package of the University of International Business and Economics and obtained the credit endorsement of mainstream currencies. The University of International Business and Economics was able to inject huge liquidity into the market through the financial system at the end of 14 and the beginning of 15.

It will be fun once the floodgates are opened.

At that time, the Internet financial industry was at its peak, most disorderly and most chaotic period. Social wealth was quickly concentrated and exploded with great destructive power through high interest rates and universal online lending.

The upper levels suddenly opened the floodgates, resulting in a large backlog of funds in the financial system that urgently needed to be released, with the total amount reaching trillions of RMB.

For any economy, idle capital, especially trillions of local currency, idling in the country's financial system is an extremely dangerous and terrifying thing.

It just so happened that social wealth was highly concentrated at that time and also needed a channel to vent. Therefore, at that time, there were only a few commodity trading markets that could carry huge amounts of funds.

The bond market, the property market, and the stock market (Dongda's special offshore exchange rate policy is destined to not become a pool of funds) became excellent places for funds to go, and the asset bubble began to rapidly expand.

At the beginning, all parties chose the real estate market and pushed it to an unprecedented height. This scared the higher-ups so much that they called an emergency halt and conducted a comprehensive survey of the debt ratios of all companies in a certain industry.

If you don’t check it, you don’t know.
If they continue to play like this, not to mention the future prospects of the entire economic environment, even the existing manufacturing industry will be forced to participate in the wealth division feast of a certain industry because of unprofitability.

This is not something that can be decided or changed by a few individuals or groups on the spur of the moment. American capital has been planning for this for nearly ten years, and no one knows how much it has paid during this period.

What they are playing is an open conspiracy, using benefits to lure people and speaking with facts, so that any party involved can make a profit. As for the mess left behind in the end, who will bear the consequences?

Only God knows!

Fortunately, the authorities were frightened by the predicted dire consequences and feared the worst outcome, so they decisively introduced a series of the most stringent restrictions in history, fundamentally blocking all loopholes in the financial system that provided funds to a certain industry.

Then there was that horrific experience that caused a certain industry to collectively wail, with the bosses of various groups confessing that they would go bankrupt and jump off buildings in three months at most.

Unfortunately, just as the complete madness of a certain industry was suppressed at a huge cost, a financial tsunami targeting the stock market took shape.

After all, bulk commodity trading is mainly participated by big capital, and the scale of Dongda's purchases is too large. It is impossible for American capital to offer huge interests to bribe resource exporting countries and make them break contracts.

The rapid rise in raw material prices, production and processing, and sales to consumers will take half a year, a year, or even longer to take effect.

During this process, Dongda had enough time to carry out mine clearance operations, so Wall Street, which was planning to harvest, quickly adjusted its strategy.

Relying on the financial buying and selling groups that had been supported over the past two decades, they quickly turned their attention to the stock market. With the help of insiders, the originally calm stock market quickly became lively.

Countless financial companies and margin financing companies have sprung up under the banner of earning lucrative returns for investors. For a time, even the aunties sweeping the streets began to talk about the booming stock market.

No money? What a coincidence!

During the most active period of Internet finance, there were thousands of P2P companies of all sizes, managing trillions of dollars, plus the banking system settlement system, due to a basket of monetary policies.

Trillions of dollars have been added to supplement liquidity, and this is only the first batch. A larger-scale flood of money is still to come, but the financial system cannot directly control these funds.

The ownership of the funds belongs to the central bank, which only lends them to the financial system with the intention of injecting them into the real economy through the central bank and alleviating the shortage of money in transactions between productive enterprises in the market.

However, the real economy, especially manufacturing companies, are in a critical period of industrial upgrading during this period. The original net assets have been mortgaged, and new equipment and new technologies are still in the regulation and testing period.

This is the time when money is most needed, but also the time when one is most vulnerable and helpless.

It cannot be said that these have not been taken into consideration. They have seen the urgency of practical factors, and have indeed injected liquidity into financial institutions and introduced a series of related policies.

If we want to support manufacturing companies that are in a critical period of transformation, it stands to reason that the top should give them what they want based on actual conditions, and the bottom is indeed facing imminent threats.

Both sides rushed to where it belonged.

But as we all have seen, the final result is that the injected liquidity made a turn at a certain key point and flowed directly into the stock market, resulting in some people dying of drought and some dying of floods.

The stock market has skyrocketed by several times, and the exaggeration off the market almost makes people think we have returned to the end of the last century. What does double mean?
It would be embarrassing if it gets out.

The starting price is five times, and everyone gets a share. Ten times or twenty times the amount is never too much. Later on, it even got so crazy that you didn’t even have to be present in person. Even if the last people to sign were Wangcai and Miaomiao Team, they would still get it.

These precious funds, which should have been given to the manufacturing industry to help the entire industry make its final leap, were meaninglessly wasted while everyone was stunned and dumbfounded.

Especially his last crucial short selling. There was no problem in legal terms. After all, there was no rule prohibiting short selling. But at such a critical juncture, did he really not know the meaning behind it?
Even the God of Negotiation, Buffett, said that no one can get rich by shorting his own country, because in his rich life experience, he has witnessed the end of countless such people.

First, the conditions promised by the US capital will definitely be reneged on after the target has lost its value; second, the economy that has lost its national destiny will inevitably retaliate wildly.

Back then, Tiger and Quantum Funds were the sharpest knives of Squid Capital, but they were forced to carry out secret transfers and pretend to be bankrupt to escape due to strong pressure from Ou Meng and Southeast Asia.

Just a few bans are like a rag used to wipe grease, or a chamber pot used when you wake up at night. When not in use, you just throw it away. Who would treat it as a treasure?

I have to say that when it comes to predicting and grasping the key time nodes and the key development periods of all parties, Yutai Capital is indeed one step ahead. Its layout is exquisite and its control of timing is accurate. It is really high!

Without the so-called insiders in all walks of life who insist on transmitting key information day after day for ten years, it would be impossible to achieve such meticulousness.

Dongda Capital suffered a loss in silence, watching trillions of funds become special nutrients for foreign capital, and then disappear with a final crash, while the well-fed financial system in the middle didn't care at all.

It is no exaggeration to say that at that time it was like a car with completely opposite mechanical operations. The steering wheel was clearly turned inward, but the control system and tires had their own ideas.

No matter what kind of instructions they received, they all turned around without hesitation. The instantaneous loss of funds was secondary. Countless people had their homes emptied of their assets and were left with nothing, which was their own fault.

As a result of Xu Xiang's shocking failure, the entire Dongda manufacturing industry regressed by at least two years, and it did not recover even after five years.

The most crucial thing is that after the complete collapse of the stock market, the entire Southeast University economy can only be forced to choose to restart the real estate market, because this is the only last reservoir that can avoid the fatal consequences of soaring prices and inflation within the country.

Unbinding, and unbinding again, all restrictions on certain industries that were originally controlled in large and medium-sized cities have been lifted. This is the only option that can avoid a more tragic outcome after weighing the pain and helplessness.

Thus, the last carnival of a certain industry has arrived, and countless people have felt the pain. Ordinary people, whether they have participated in that round of carnival or not, will feel the pain in the next twenty or thirty years.

Paying the price for the indulgence of a small group of people, I wonder if those ordinary people in the third, fourth and fifth tier cities who spent their life savings in exchange for a pile of steel and concrete are watching the market being cut in half after the future is still full of demand.

Thinking back to that time, I wonder how I felt.

If an ordinary person went back to that time, he might not be able to do anything and could only watch everything happen again.

However, Li Zehua has completely reversed the situation through three or four years of planning...

At present, Xu Xiang already hated the Qingyun Group to the core, not only because the latter rejected his application for investment and refused to take him with them to make money.

What's more, the two sides have long had deep grievances in their stock market layout. Qingyun Investment has always been famous for its wide-ranging and wealthy investment. As long as it is included in the investment list, it almost doesn't care about the price and will buy with its eyes closed.

In Li Zehua's view, these listed companies and state-owned enterprises that may rise in the future and have business overlaps with the Qingyun Group now are in the high-tech and electronic businesses.

Listed and unlisted companies in emerging industries such as semiconductors, marine transportation, photovoltaic industry, energy and minerals, new energy, finance, securities and insurance, liquor, and medical care.

Their values ​​are seriously underestimated. Anyway, Qingyun has money, so he can buy them with his eyes closed. He can make at least ten times the profit in ten years.

The operation team specifically in charge of the business had no chance to refuse under the boss's willful and forceful orders. They simply had the money and acted willfully, and entered the game with their eyes closed.

As long as it does not attract special attention from the stock market and does not cause individual stocks to rise rapidly, it will be fine to buy large orders at low prices, create fluctuations at high prices, and trade small orders at a high frequency.

When they have nothing to do, the trading team will also pay attention to other active stocks in the market and make short-term arbitrage by relying on their capital advantage, which creates a direct conflict of interest with Xu Xiang.

Qingyun’s actions can be concealed from individual market investors who are slow to realize it (they will find out after a long time, because Qingyun basically never sells after buying, and even when doing T, it buys more and more).

However, the battle-tested financial institutions could not be concealed. In the eyes of American and American-inclined financial institutions, Qingyun's move was just a way to ruin the business and get their hands on their own cake.

Because the time has not yet come, it will take more than a year for Dongda's manufacturing industry to upgrade and generate huge production capacity, even with the emergence of the Qingyun Group to provide a lot of help.

The most critical thing is technological upgrading, and breakthroughs in key areas of core industries are still a long way off. Perhaps it will be three to five years earlier than the original time and space, but that is no big deal.

Because the fatal trump cards of Yutai Capital, in the five areas of stocks, foreign exchange, bonds, real estate and commodities, the hidden mines in a certain industry were solved in advance by Qingyun, the hot money in Jiangsu and Zhejiang, and the capital in Hong Kong.

Chaozhou Zhou Capital and Zhongxin Group have both been weakened a lot by overseas capital led by Qingyun, but there are thousands of financial institutions across the country and countless experts and scholars who have received foreign funding.

The leading figures in all walks of life are the source of confidence for foreign capital to dare to plan and design, and firmly believe that they will succeed!
Perhaps in the eyes of Wall Street, the better Qingyun helps the domestic manufacturing industry, semiconductors, the Internet, and mobile Internet finance to develop, the better the effect of detonating hidden mines and reaping the benefits in the future.

This includes supporting the overseas expansion of RMB and successfully opening up a new situation in Lijiaopo, all of which are within the calculations of Yutai Capital.

As soon as the forces that suppress Europe are free, they will settle accounts with Qingyun and Dongda Capital.

Unfortunately, Wall Street has enough patience to quietly wait for the prey to take the bait. After seeing the fate of the buying groups one after another, these people in China can no longer sit still.

Especially when they heard that the Rong family was invited back from the Maple Leaf Country by Qingyun and was about to take over Zhongxin Bank again, the de facto base camp of hot money in Jiangsu and Zhejiang, all stakeholders were instantly furious.

Xu Xiang, who was once again blocked by Qingyun in the stock market, could not bear it any longer. He gathered the investors behind him in Ningbo City to discuss how to deal with Qingyun.

However, in a corner that he didn't notice, a high-power device specially used for monitoring was facing his direction as usual, working normally... (End of this chapter)