?Vladivostok in early May is full of the vitality of early summer. On the private beach outside Yelena's villa, three young men wearing the same tight black beach pants and a pair of wide sunglasses, Sitting around a snow-white plastic round table, and on the beach not far from them, a few young girls in swimsuits and graceful lines were running towards the sea, screeching like birdsong. The beautiful laughter makes people think and feel refreshed. \\. qβ5. Provide the latest chapter to read>~~.~~

"Speaking of which, it's been another year in the blink of an eye," Guo Shouyun said with emotion while sitting in his chair, taking a sip of refreshing lemon juice with ice and looking back at his sister who was jumping into the sea. , "Steve, since the last time you came here with Dongting, I wanted to ask you, how is the relationship between the two of you? Dongting is twenty-one this year, and logically it should be It's time to talk about marriage. In the past, although I said that I didn't approve of the exchanges between you, but now, huh, I'm too lazy to think about some things from time to time, you two, then What, is it interesting?"

"Oh, I'm interested, but Dongting is... tsk," Sitting across from Guo Shouyun, Steve said helplessly, "Dongting still has obstacles in her mind, I can see that, Although she didn't express anything special on the surface, in her heart, she still didn't forget that Mister Liu, so now, she just sees me as a brother, um, similar to your nature." "Mist Liu?" The young man sat on the other side. It is the real head of Wanlong Fund, Warner, despite his keen investment ideas, but he does not know anything about Russian. Therefore, in the conversation between Guo Shouyun and Steve, he heard a "Mister Liu".

After listening to Warner repeating the phrase "Mister Liu" and then speaking a lot of English, Guo Shouyun couldn't help but cast a questioning look at Steve.

"Oh, Warner said, Mr. Liu is a nice guy. But he hasn't had any news since he left Canada," Steve translated. "He said that you were in Khabarovsk, and you were always going to mainland China. You should know the latest situation of this kid, right?"

"Hehe, Mr. Warner misunderstood. Although I am in the Far East, I don't have many opportunities to go to mainland China," Guo Shouyun said with a smile, "more, in Liu Ran's eyes, I am an insatiable greedy person. , likes to earn money for nothing. As a man born under the red flag, raised in the revolution, ready to give his youth and life to the great cause of the motherland's construction. You said that Mister Liu doesn't like me at all, And me. I'm too lazy to put a hot face on him to be cold, so I don't know where he is now and how he's doing now."

Guo Shouyun's remarks made Steve laugh out loud. As Dongting's pursuit, this kid is naturally full of hostility towards Liu Ran. At least, he will never like his rival in love. Therefore, after the effect, he winked at him. , With an exaggerated expression, he forwarded these words to Warner who was puzzled.

As a pure American, it is naturally impossible for Warner to understand Guo Shouyun's cold humor. He was confused for a moment, then shrugged and said two more words.

"What Warner is saying is that Mr. Liu's sentiments are admirable, but his thinking is naive and ridiculous," Steve translates. "However, when it came to investing in Yahoo, Warner said that he He was also greatly influenced by Mr. Liu, and if he hadn’t had an in-depth conversation with Mr. Liu, I believe he would not have made that investment.”

"Actually, in my opinion," Guo Shouyun said with a smile, "in terms of people, there are three types of people: usable, applicable, and unusable, and among them, Liu Ran is obviously the kind of talented person. People, but the problem is that his thinking is not in the right direction with ours, so this kind of person is still unavailable in the end. Hehe, people say that at the end of the 20th century and the 21st century is about to come, talents are the most expensive. But the problem is that there are too many talents, and there are not many talents. Indeed, Liu Ran is a leader in the computer industry, and his talent in this area is admirable. I once had a plan to keep him. But Having said that, his own ideas are so right that he is so proud of himself. In the end, Dongting can't keep him, and I can't keep him either. Well, I'm actually a very democratic person. Since If he is leaving, I don't need to keep him anymore. Without him, my Guo Group computing center is still operating and doing a decent job. To be honest, when he gave up Dongting and returned to China, I even thought about getting rid of him, but then I was worried that it would affect Dongting's mood, so I gave up the idea. Now it seems that I was still soft-hearted at that time, because of the emotional damage he caused Dongting, Apparently it's more serious than I originally expected."

Guo Shouyun said this for a long time, but after pondering for a while, Steve only used two or three sentences to translate it for Warner. It is estimated that his translation is not comprehensive in this regard.

"Okay," clapping his hands, Guo Shouyun said again, "I am the laziest person to talk about the relationship between mother-in-law and mother-in-law. Let's return to the topic now. I have one more important thing that I need to report to Warner. Ask for advice, sir."

After speaking, he glanced at Steve, and the other party translated the matter for him.

"Walner said, feel free to ask Mr. any questions, as long as he understands, he will answer him without reservation," Steve said after a brief conversation with Warner for two games.

"That's right," Guo Shouyun nodded and said, "I have taken into account that the international hot money investors have made adequate preparations in terms of investing in the financial markets of Southeast Asian countries this time, and the strength they have assembled is also very large. In the process, as an important part of the economic map of Southeast Asia and East Asia, Hong Kong absolutely cannot escape the big net of speculation by hot investors. But then again, Hong Kong is now facing a problem of return, which means that it is equal to With the solid economic backing of mainland China, at the same time, coupled with factors such as the direct link between the Hong Kong dollar and the US dollar, the Hong Kong government's abundant foreign exchange reserves, and the low fiscal deficit problem, the economic loopholes that can be exploited by speculators are not. In this case, if speculators want to speculate on the Hong Kong dollar, their chances of winning are not high, so what purpose do they hope to achieve when they want to speculate on the Hong Kong dollar?”

After saying this, Guo Shouyun turned his attention to Steve, and then relayed these questions to Warner in detail.

After listening to Steve's translation, Warner didn't give a direct answer. He first glanced at Guo Shouyun with a meaningful look, and then pushed open the porcelain tray on the table, using the original With the ice blade at hand, a streamline diagram was engraved on the plastic table, and then he said.

According to Warner, the speculation of international hot money in Southeast Asia and East Asia is indeed unlikely to let Hong Kong go. Therefore, in the current Hong Kong, there is already a lot of room for speculation, and in this regard, up to 10,000 The Hong Kong index of 8,000 points is obviously the best speculative target, and the speculative profit contained in it is also the largest. At the same time, the Hong Kong dollar, which is directly linked to the US dollar exchange rate, also has great opportunities for speculation.

According to the normal pattern of foreign exchange speculation, if international speculators want to profit by suppressing the Hong Kong dollar this time, it is equivalent to betting on the devaluation of the Hong Kong dollar in the gambling game, and naturally they will buy the dollar low and sell the Hong Kong dollar high. But the problem now is that, on the one hand, the exchange rate of the Hong Kong dollar is directly linked to the exchange rate of the U.S. dollar. On the other hand, the international speculators obviously do not have that much Hong Kong dollar funds in their hands. Naturally, you have to borrow Hong Kong dollars. In this way, at the beginning of speculation, these international speculators are tantamount to carrying heavy Hong Kong dollar liabilities, and they have to pay interest on these liabilities. As a result, a paradoxical situation arises. When the exchange rate of the Hong Kong dollar continues to fall under the pressure of state speculators, the Hong Kong government is bound to make a financial policy adjustment to absorb the inflow of the Hong Kong dollar and urge the appreciation of the Hong Kong dollar. What is this policy? Undoubtedly, that is to raise the Hong Kong dollar interest rate - the deposit interest rate and the loan interest rate are raised at the same time. There is no doubt that once such a policy is introduced, that is, when the interest rate of Hong Kong dollar increases, international speculators will have to bear a heavier interest debt because they have borrowed a lot of Hong Kong dollar loans. In the end, they are using their own Spend money on your own money - this is also the most direct point of Khodorkovsky's inference that speculators will not target the Hong Kong dollar as their main target.

But the problem is that there is an extremely important speculative law in the international foreign exchange market, that is, the law of "four-rate imbalance" speculative opportunities. According to Warner's explanation: there are four "rates" between any two currencies - the individual interest rates of the two currencies, the spot exchange rate, and the forward exchange rate. These four rates must maintain a certain equilibrium relationship. Otherwise, there will be "arbitrage opportunities". Any speculator can make profits without risk with the strategy of "buy low and sell high" under the condition of four-rate imbalance. Arbitrage moves these interest rates or exchange rates until the arbitrage opportunity disappears.

To be honest, Guo Shouyun doesn’t understand what Warner said, because this is the most high-end foreign exchange speculation technique, and it can’t be seen in any textbook. Today, it is like a high-end elite from the speculative world. a lesson. .