My Fintech Empire
Chapter 1066 [SGX Unveiling]
Fang Hong's appearance soon caused a little commotion at the scene. Almost all eyes and all the cameras were focused on him. To be honest, God K didn't want to be paid attention to by the outside world like this.
But there is no way, his strength does not allow him to keep a low profile.
Unless you don't come to the scene to cheer, as long as you come, as soon as you show up, you are destined to become the focus of the audience, and you will be a walking headline.
Recently, it has been in the limelight because of the rescue of short-sellers, and there are still some news reports on this matter.
As for the affairs of the SGX, everyone with a discerning eye knows and firmly believes that his influence must be involved. There are even rumors that this matter was promoted by Fang Hong, and many people believe it, because today's Fang Hong, today's Qunxing Capital really has that kind of energy.
The scene was very lively, and the people who came were basically all well-known people in the industry. There were many people in the industry who were not here today, and there were also many people in the industry who came to cheer.
Another thing to say is that there are too many people who are unhappy with Fang Hong, but there are also a lot of pendants that want to hug his thighs, maybe even more.
The process at the scene went smoothly. At 9 o'clock, the unveiling and tailoring ceremony officially began. Fang Hong, who was dressed in formal attire, also came to the stage. However, he did not stand in the C position, and he would not cut or unveil the plaque himself.
People from all walks of life who came to the scene were quite surprised. Many people even thought that Fang Hong would be in the C position and cut the ribbon and unveil the sign himself. However, looking at this position, he obviously did not mean to play the leading role at this time.
Of course, some people can see the mystery, and those who can see it are even more amazed.
Among the people attending the meeting, there was only one CEO in his fifties who looked at Fang Hong on the stage and secretly sighed: "You are so young and have achieved such great achievements, but you can still be so calm, restrained and calm, and you will do your best when it's time to take action. I will never get the limelight that I shouldn’t, this person is really scary.”
This boss knows very well how difficult it is and how terrifying it is to have restraint and calmness. To achieve such great achievements at such a young age is a moment of high spirits and unlimited glory. If it had been someone else, he would have pried his nostrils off. When your forehead goes up, you will feel that you are capable of everything and that no one can match your talent. This often leads to regrets and prosperity turns to decline.
But he saw that Fang Hong didn't have this phenomenon at all at this moment. The boss immediately concluded in his heart that Fang Hong and Qunxing Capital, even at their current heights, have not yet reached the peak of prosperity, and are far from reaching the ceiling. When it declines, it will continue to break upward.
The CEO muttered to himself: "Star Capital has such a person at the helm, and he is still so young. It will not be a problem to continue to prosper for fifty years. As long as Fang Hong is still at the helm, there is a high probability that it will be difficult to decline... "
In the opinion of this boss, Stars Capital is unlikely to suffer a big setback with a person like Fang Hong at the helm. At his current age, it is not a problem to continue to run Stars for fifty years. It can guarantee that Stars Capital will continue to prosper for at least five years. ten years.
As for the biggest suspense about how long it will last fifty years later, I'm afraid it depends on the successor. However, this will only happen in fifty years at least. Fifty years is too short in the long history of history, and it is too short in reality. The middle is too long.
But at this moment, in addition to Fang Hong, there were six people on the stage including Zhang Qi, the top leader of Xinhong Securities, the top leader of New City, and the second leader of the Supervisory Committee.
The village chief did not come in person, but people from the village must come. Although the SGX is actually sharing the pot, it is still a unit below the village, so people from the village must come, and the standards cannot be too low. , so a deputy village chief came to support him.
In fact, the SGX matter is a very good arrangement from the perspective of the above, which can better achieve the separation of supervision and review in practice. Once the SGX came out, the village was definitely not very comfortable, just like the original You have the final say here, but now there is a group of people who are playing their own tricks in your territory and completely ignore you. You can't say anything to them, and they are doing things that are not on the same path as you.
If this is the case, then use a magnifying glass or even a microscope to stare at him. If you catch the clue, there will definitely be no ambiguity.
For the SGX, you must know that there are people watching you all the time, waiting for you to make mistakes, so you will not do anything that violates the rules or the risks are very high, thereby minimizing the possibility of illegal operations.
However, Fang Hong didn’t care, because what those who don’t follow the rules and procedures fear most is someone who strictly abides by the rules and strictly follows the procedures. Fang Hong himself also wants SGX to conscientiously follow the rules set by the top-level design system. run.
Even if no one is watching, he will not allow anyone to break the rules.
…
As 9 o'clock arrived, the top leader of the new city and the deputy village chief jointly unveiled the plaque. With the warm applause of the audience, the process of unveiling and cutting the ribbon went smoothly. For Fang Hong, he was very clear about all the matters. Now it is Just completed the procedure successfully.
After the unveiling ceremony, Xincheng Stock Exchange was officially established, and the registration-based pilot project was implemented by SGX.
Everyone present knows that at this moment, Big A is ushering in a historic change, and at this moment, A-shares have just reached the call auction stage. The Shell Resource Concept Sector and ST Sector have collectively dropped to the limit today. This is already It has fallen below the limit for four consecutive times.
Tickets with large funds will have self-rescue actions. The retail investors in these tickets may still have a chance to escape, but some tickets are really miserable. They can just count the limit one by one all the way, starting from ten to twenty. Starting from the lower limit, although the ST stock falls to the limit when it falls by 5 points, the logic is the same when it encounters a kill. The result of the 5-point limit drop is just doubling the time of the limit drop.
At around 10 a.m., SGX announced the organizational structure of various departments, personnel appointments and removals, and other matters.
Half an hour later, the top-level design of SGX was officially revealed at the conference. This was also the most important thing for people from all walks of life who came to the scene, and those who were not present.
Once it was announced, the market was in an uproar.
"What? This...this, are all the previous rumors true? And they are even worse..." A CEO of an investment institution who was present at the meeting was shocked when he looked at a copy of the press release in his hand. Many colleagues present were shocked. Their expressions are almost the same as his.
"Delisting rules require listed companies to have tangible assets of not less than 15 million, market value of not less than 200 million, annual net income of not less than 3 million, public shareholding of not less than 500,000 shares, number of market makers not less than 2, shareholders The number of people is not less than 500..." A person from the investment circle who attended the meeting took a copy and muttered: "If any one of them does not meet the standards, it will be ST. Delisting, this..."
A friend next to him also had a copy and said blankly: "Good guy, if this delisting mechanism is implemented on the main boards of the two cities, I estimate that at least two-thirds of them will have to be delisted..."
The investor turned to look at his friend: "Is there a possibility that two-thirds of them won't be able to stop..."
His friend looked at the other pages of the copy, and then said to himself: "The inclusion conditions of the New Securities 50 Index are also very different from the previous 50 Index. Non-financial companies are not included in the inclusion conditions. It seems that this is A technology index, a bit like the old and American Nasdaq.”
The investor also said: "The top-level design idea of SGX is completely its own system. It has completely different operating logic from the current motherboard, and the gameplay ideas are also different. It seems that we need to study it carefully when we go back. Some market strategies are definitely not suitable for SGX, and a completely new trading system will have to be developed.”
His friend laughed and said, "What? Are you planning to enter the venue now?"
Hearing this, the investor said without hesitation: "Of course I'm entering the market, why not? Let's not talk about anything else. There are so many high-quality targets under Star Capital that have not yet been listed, and the SGX will definitely get them here as soon as they come out. Come."
His friend added: "SGX has such great restrictions on large and small non-profit institutions, especially the delisting mechanism. Small and large non-profit companies will be ST'd if they reduce their holdings in violation of regulations once, and they will be directly forced to delist twice. And this institution is T+ 3. With the T+1 mechanism for retail investors, is the SGX still popular? Is it still trading active?"
The investor said calmly: "The SGX matter has been implemented at the speed of light in this time window. I would never believe it without Fang Hong's promotion. I even think that this top-level design is probably from his handiwork. If the market If there is no popularity, do you think he will not take action? Or do you doubt that Stars Capital is incapable of boosting market popularity?"
Upon hearing this, his friend held his chin and said: "With the ability of Star Capital and the courage of recent rescue operations, it is true."
The investor immediately said: "Then it's over, there's no reason not to come and have fun."
…
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