"258 billion RMB bonds have been eaten up."
"The offshore Renminbi market is warming up, starting to rebound."
"Who is it? Has Tianxing Finance started hedging?"
The news of Tianxing Finance entering the market to go long on Renminbi spread quickly. The reputation built up over the years caused a lot of speculative capital to stop for profit or temporarily lock positions and observe, further driving the offshore Renminbi rebound.
In an instant, the offshore Renminbi surged 285 basis points, gradually recovering the previous losses.
"It's Lu Liang's funds, for sure!" The head of Xiangjiang Central Clearing Company, Liang Bingtian, showed a smile, his heart suddenly at ease.
Xiangjiang does not have an independent currency. The so-called Hong Kong Dollar is actually just a US Dollar voucher, issued by the central bank according to the amount of US Dollars they have.
