My Fintech Empire

At around 19:20 in the evening, a mainland investment institution.

"What did you say? Xincheng Stock Exchange? Implementing a registration-based pilot project? It will be unveiled next Thursday? Is the news reliable? It's probably a rumor, right?" The boss of the institution was also quite shocked when he received the report from his assistant.

"Mr. Jin, I have confirmed again and again that the news is true. The latest announcement on the official website of the New City Government is still there. I also called the local government affairs hotline for consultation, and the response was that the SGX matter is true. ." His assistant said with certainty.

"Ah this..."

The boss was speechless for a moment. He was really caught off guard. He was completely unprepared. He really didn’t expect it at all. After a while, he said: "Suddenly, there is a new city stock exchange and it wants to implement a registration system. It is really impossible." I didn’t expect that…”

His assistant answered: "Now the industry has exploded. Not just us, almost the entire circle did not expect it. Rumors that the registration system will be rolled out have been circulating for a few days, but no one expected it to happen. An SGX and in particular the implementation of the registration-based pilot project.”

At this time, the boss was quite confused and couldn't help but said to himself: "This matter is really strange. No, there is something wrong in terms of the process. Logically speaking, this matter should be handled by the supervisory committee. If we take the lead, even if it lands in New Town or SGX, the Regulatory Commission should be the leading agency, after all, the securities market is under the supervision of the Regulatory Commission."

The golden boss looked puzzled. After a while, his assistant said: "A new exchange was established and landed in Xincheng. The headquarters of Qunxing Capital can be in Xincheng. Will the registration system of Xincheng Stock Exchange be piloted? Is it related to Fang Hong?"

"No need to ask, it must have something to do with him." The boss said without hesitation: "Otherwise, why would I settle in Xincheng? Even if someone told me that Fang Hong was the driving force behind the SGX matters, I would not be surprised at all. He has this energy. ."

After a while, the boss looked puzzled again and said: "What I don't quite understand is, judging from the information disclosed so far, why do I think SGX intends to go it alone?"

His biggest doubt is that SGX seems to want to run a small business independently. The village seems to be unable to have influence on SGX, or in other words, the influence it can have on SGX is very limited.

In fact, there are many people in the circle who agree with this boss.

As soon as the news came out, from the initial shock, astonishment and even suspicion that it was false news, to after confirming that the news was true, many people began to study it. Everyone is smart, and some of the information released from the limited information The signal made some smart people notice some differences.

Under normal circumstances, this kind of thing should be led by the C position in the village. What's more, the registration system is a very important matter in Big A. It has been talked about for many years. It is not right in the capital market. A small thing.

As a result, the news of the launch was suddenly announced when everyone was caught off guard. Not to mention that SGX actually stood in the C position, and the village gave people the feeling of a guest.

This is very intriguing.

For a time, it triggered various conjectures in the circle, and even a lot of rumors emerged. For example, some people said that Big A’s catastrophic market situation made the superiors quite annoyed. The market has become like this. Someone wants to Got hit hard.

The SGX was launched at such a speed that it was impossible not to arouse speculation.

If this is the case, it makes sense. An exchange was suddenly stuck at this time point and was launched in Xincheng. Everyone surprisingly thought of Fang Hong and Star Capital.

Because the headquarters of Qunxing Capital is in Xincheng, this exchange is located in Xincheng. In recent times, Fang Hong or Qunxing Capital has made great contributions to saving the market, and he has actually spent trillions of money to save the market. Fang Hong He even stood up to turn the tide at a critical moment.

But when Big A is in trouble like this, not only does someone have to be punished, but at the same time, it cannot be justified if it remains the same or changed. Therefore, the pilot registration system of the Xincheng Stock Exchange has emerged, and the fact that it can be implemented in Xincheng at the speed of light shows that there are people who can do this well. , at least that’s what the people making the decision think. Otherwise, even if changes are to be made, it won’t be implemented at the speed of light without the right people to implement them.

The registration-based pilot project has been launched in the new city and an exchange has been installed to implement it. Another signal sent by this is that it wants to hand over this matter to a brand new team for execution.

It can basically be concluded that Fang Hong and Qunxing Capital must have played an extremely important role in the SGX matter, and may even be the actual planners and executors of this matter.

With the confirmation of the news, almost everyone in the industry feels that the mainland capital market may be about to undergo major changes.

Today's mainland capital circle is destined to have a sleepless night. Many people are asking for news immediately. After learning that Fang Hong will also attend the unveiling ceremony of the establishment of the SGX, many people in the circle began to get involved. Some even Fly to Xincheng overnight.

The official unveiling and ribbon-cutting will be held next Thursday, giving people from all walks of life three days to fully consider the pros and cons. If you want to hang out with the stars or form a good relationship, then you must go to support it next Thursday.

Of course, if some people go, some will not go. Fang Hong is not a banknote, so it is impossible for everyone to like him.

After confirming that the implementation of the SGX registration-based pilot system has become an established fact, people from all walks of life in the investment community immediately began to inquire for information, hoping to get more details about the SGX registration-based system as soon as possible.

The next day on the weekend of July 26, Fang Hong also released some news, also wanting to see the outside world's reaction, so various rumors and gossip about SGX were flying all over the place, becoming a hot topic in the capital market over the weekend.

On the morning of that day, rumors spread. Relevant people familiar with the matter said that the SGX will usher in the most relaxed IPO threshold and the strictest delisting mechanism in history. After listing on the SGX, companies that do not meet the conditions will be delisted. After a listed company is forced to delist, the listed company’s directors, senior supervisors, promoters, and all companies established by it will not be allowed to directly or indirectly apply for relisting on the SGX in the next ten years.

The person familiar with the matter further revealed that in the future, the normal delisting rate of companies listed on the SGX may be as high as 50%, which means that for every 100 listed companies, 50 may eventually delist.

As soon as this news came out, it quickly caused a huge sensation in the domestic capital market. You must know that in the more than 20 years since the opening of Big A, the average number of companies delisted per year has been less than 5.

In the afternoon, another blockbuster news came out. A person familiar with the matter broke the news that the SGX will implement the T+3 trading mechanism for institutional investors, while ordinary retail investors will adopt the T+1 trading mechanism.

As soon as this news broke, the market exploded, especially retail investors who were shocked and excited at the same time. This is a big killer. For example, if there is an emergency in a listed company, the news for retail investors will definitely lag behind the institutions, but Retail investors have three more days to flee than institutions, so even if institutions get the news in advance, they cannot flee immediately.

…