My Fintech Empire

What is certain is that the average retail individual investors are very excited when they see these anecdotal news, and almost all of them support it. Especially for the institutional T+3 and retail T+1 trading mechanisms, they support it with both hands and there is no reason. will object.

Some excited retail investors want to open an account on the SGX immediately and play on the SGX from now on.

Later, there was news that the SGX's entry requirements for the upcoming opening of the market were: individual investors need to have two years of investment experience; maintain a market value of 1 million yuan in positions within one month.

When many retail investors saw this entry threshold, many excited retail investors quickly became discouraged, because according to this entry threshold, more than 93% of investors cannot reach the threshold.

After two years of investment experience, I have found that there are no big problems. The key lies in the market value requirement of 1 million yuan. Most small retail account funds are less than 100,000 yuan, not even 10% of the threshold. This is really uncomfortable. .

Various gossips about SGX are flying all over the place, and people from all walks of life have different reactions. Retail investors are definitely supportive, but the opposition is also not small. Some people even advise you not to do this, as if they are caring for you. If you do this, it is impossible for big institutions and big funds to play on the SGX. If you don’t play on the SGX, you won’t be able to raise funds for your IPO.

Fang Hong didn't even bother to pay attention to this sound.

It is the nature of capital to pursue profit. As long as it is profitable, there will be a lot of people coming uninvited. Even if they take a step back, they will not come to play. Relying on Stars Capital and its younger brothers with Stars This can provide SGX with strong financing capabilities.

At the unveiling and ribbon-cutting ceremony of the SGX next Thursday, Fang Hong also wanted to see who the non-Galaxy investors came to support, and he would secretly write it down in a small notebook.

Those who come will be given priority to get on board the many unlisted high-quality core assets owned by Galaxy Group, and they will also avoid gaming and harvesting in the market in the future when conditions permit.

As for those who didn't come, they were the ones who were cut off by the game in the market.

It is worth mentioning that the holders of one sector can be said to be in despair during this weekend, that is the shell resources sector and holders of ST shares, especially those who bet on the shell resources that Qunxing Capital will take a fancy to. Those who waited in ambush to wait for the pheasant to turn into a phoenix were now like a hot potato.

Now many self-media and teachers are posting articles saying that if there are ST stocks and shell resource concept stocks, they should clear their positions and run for their lives tomorrow. Once the SGX registration system is implemented, things like shells will become completely worthless.

…

The next day, Monday, July 27th.

Today, when the A-share market opened, the market index opened more than 2 points lower. After the opening, it showed a unilateral downward trend, with almost no decent rebound in the whole process.

There was too much bad news over the weekend, and the super main force will not control the market today. Didn't the International Monetary Fund (IMF) say that the rescue of the market must rely on the power of the market? The IMF's wish was fulfilled in nine days, and the IMF was allowed to see the power of the market.

The ST sector and the Shell Resources sector all collectively hit the limit in today's collective bidding, and almost no one was spared.

As soon as the launch of the pilot registration system of the SGX came out, the shell resource concept stocks suffered a sudden logical attack, and it was a complete "Davis double kill". Not to mention the stories of backdoor listing and restructuring concepts, they disappeared completely. , but 99% of them will never happen again.

Because from now on, any story about the concept of restructuring or backdoor listing on the main board can be directly assumed to be a scam. This judgment is 99% correct. The reason is also very simple. IPOs listed on the SGX next door have been relaxed and strictly controlled. Now, you don’t have to wait in line for two or three years to go public. Why should you waste a lot of money to buy a shell to go public?

It is a normal issuer and there is no reason to spend this unjust money. If you insist on doing this, it can only be said that the motives are not pure, and those who participate are 100% speculators. You can even simply say Even if he is a gambling monster, he does not deserve any sympathy if he is cut.

But today’s big A market trend, after the afternoon, the decline of the two cities further accelerated, the Shanghai stock index fell more than -8%, fell below 3800 points, the two cities once again fell to the limit of 1,000 shares, and even the 22 stocks of the galaxy fell today The collective bottom fell.

As of the close, the Shanghai Stock Exchange Index plummeted -8.48% to close at 3725.56 points, the largest single-day decline in eight years. All sectors fell across the board that day, and thousands of stocks in the two cities fell by the limit.

During the catastrophic flash crash since the beginning of the month, there was no single-day decline of more than 8 points.

Faced with this result, the IMF was also speechless.

IMF: You'd better exit the bailout quickly. The bailout should rely on market forces.

Big A: I understand, then I will ignore it and rely entirely on the power of the market to show you.

After the unilateral explosion in the market today.

IMF:…

Big A: What were you talking about last week?

IMF:…

Big A: What should I do? Can you give me a move?

IMF: Is this what you said? (N poisonous plots flashed quickly)?

Big A: I haven’t finished speaking yet. If I can’t be saved, you have to take full responsibility and pay the bill.

IMF:…

Big A: Why don’t you speak? What's your move? I can wait.

IMF: You can take care of your own affairs.

…

The next day, Tuesday, July 28, the A-share market opened with another flash crash. The Shanghai Stock Exchange Index jumped 4 percentage points lower and broke through the 3,700 and 3,600 points through direct bidding. At one time, it fell by more than 5 percentage points during the session.

After 10 o'clock, the super main force took action again, which caused the two cities to start to rise. Once it turned red and rose at 11 o'clock, the Shanghai Index finally closed down -1.68%.

That afternoon, new news related to the IMF came.

A person familiar with the matter, who asked not to be named because the discussions are private, said the IMF has not linked concerns about Eastern powers’ intervention in stock markets with its assessment of whether to include the yuan as a reserve currency (SDR) this year.

Later, the person familiar with the matter further stated: Although in order to prevent serious market chaos, it is generally appropriate to intervene in the stock market, but as long as such rescue intervention measures are not permanent, the IMF will approve it.

Generally speaking, after today's plunge, the IMF cannot use "market forces" as an excuse.

…

On Wednesday, Big A rebounded +3.44% from oversold conditions after the plunge. Galaxy concept stocks also turned around again today, with more than half of the stocks reaching their daily limit.

By the next day, Thursday, July 30, the focus of the capital market fell on Xincheng.

Today is the day of the ribbon-cutting ceremony for the unveiling of the SGX registration-based pilot system. It is also a historic day for Big A. It is located in the Financial Street on the second ring road of the new city. Many media organizations, industry insiders, and investment institutions are rushing here. .

Because the temporary headquarters office building of SGX is here, there is a piece of land more than 100 meters away. Now that the approval has been completed, this land will be the new headquarters office building of SGX in the future.

In addition, about 330 meters away, there is a landmark building in the new city, which is the headquarters building of Stars Capital.

Time passes by, and everyone from all walks of life has basically arrived. It is now around 8:40 in the morning, and the ribbon-cutting and unveiling ceremony will begin in 20 minutes.

After a while, a motorcade slowly approached, attracting many eyes.

When some reporters saw the license plate number of a car in the convoy, they immediately urged their partners to take the camera because the license plate number was unusual and as media practitioners, they should remember it. It was Fang Hong's car.

Sure enough, when the person got out of the car, he turned out to be Fang Hong, the founder of Star Capital.

The media reporters present all pointed their cameras at the hot man and clicked the flash button. The last time Fang Hong appeared in an offline public place was at the Boao Forum for Asia Summit. It has been a long time ago. People Everyone knows that he rarely appears in public offline.

…