My Fintech Empire

Tian Jiayi gave an overview of the first batch of 36 companies registered and listed on the SGX. They are all technology companies, most of which are start-up technology companies, and most of them are companies that deal with cloud, data, and information.

There is no doubt that the future is the era of big data, and these companies have basically made achievements in their respective industries, and they all have good growth potential in the future, and the industry prospects are also very good.

Fang Hong took the materials, looked at them and said to himself: "The total issuance market value of the 36 companies is 376.5 billion, and the total IPO fund size is 31.7 billion..."

Tian Jiayi immediately said: "Except for Jingdong, a major e-commerce company, the other 35 companies have a combined issuance market value of 126.5 billion, which is almost half of Jingdong's market value. Jingdong's IPO raised 18.5 billion, which is higher than the other 35 companies." The total IPO scale of all companies is about 5.3 billion, and Jingdong is the well-deserved number one among the first batch of companies registered for listing."

After hearing this, Fang Hong smiled and said: "But when it comes to growth potential and return on investment, the other 35 companies except Aiqiyi are all better than Jingdong. In a few years, the total market value of these companies will be two or three times that of Jingdong." It is not impossible to build Dongdong, among which Mihayou is the most optimistic, with a value of hundreds of billions. As for Jingdong, forget it, it is just a financial investment anyway, just let the strong man play by himself. "

After a while, Fang Hong suddenly paused and turned his head to look at the beautiful assistant: "I almost forgot that there was something going on in September."

Tian Jiayi was curious: "What happened?"

Fang Hong immediately said: "One of Mr. Duan's disciples established an e-commerce company in September, called Pinduoduo. He must be very short of money at the moment. Let's extend our olive branch and send someone to talk to Huang Zheng." Let’s talk about it. He worked so hard that we won the Series A investment and led the subsequent Series B and Series C financings.”

There is still something good about Pinxixi. Although the operation of cutting a knife is quite disgusting, Fang Hong cannot deny its commercial value, especially after another seven years, consumption downgrades and the rapid decline of the first e-commerce giant Ali All of them have given Pinduoduo an opportunity to rise. The key is that it can also thrive in the North American market.

It was only founded two months ago, so it was natural to get on board at the right time, and it would also be on the SGX when the time comes. No matter what, it will be an e-commerce rookie with a market capitalization of RMB 500 billion in the future.

Currently, there are less than two months until the opening of the SGX. The first batch of 36 companies registered for listing are technology companies. However, the SGX is not only listing technology companies, it will also target physical manufacturing, including companies in traditional industries. You can also list on the SGX, such as in the food processing industry.

Only financial companies cannot be listed on the SGX, including real estate companies, which are actually considered real estate financial attributes. Of course, real estate companies cannot be listed on the main board now, because the country has made regulations on the real estate industry since 2010. limit.

All in all, the SGX only accepts registration and listing of non-financial companies, including companies with Internet financial attributes that are currently booming, especially the concept of "pitupi". Although it is under the banner of Internet technological innovation, it is essentially a financial game. The SGX will classify it as a traditional financial industry, and naturally it cannot be registered and listed on the SGX.

It is worth mentioning that Quantitative Capital, headed by Chen Yu, is an investment management company and a non-bank financial enterprise.

According to the regulations of the SGX, it cannot be listed on the stock market, let alone be selected into the SGX 50 index. This time, trading was suspended for more than four months. Quantitative Capital also used the delisting window period to spin off and reorganize the company.

The company's display chip business, webcasting, Xiaoling Classmate, Lingjing Search, quantum computer, Frost Engine and other business departments were all separated to establish independent subsidiaries to operate independently. Quantitative Capital, as the parent company of the group, wholly owns these subsidiaries.

The company's most profitable financial investment business unit was also split off and operated independently, and then Quantitative Capital was listed on the SGX-ST as the parent company. At the same time, the company's name was also changed accordingly, from the current Quantitative Capital to Matrix Quantum.

Later, it was listed on the SGX under the name "Matrix Quantum". After the change, Matrix Quantum is a high-tech enterprise group mainly engaged in the development of artificial intelligence and display chips, with an additional financial investment subsidiary.

After the spin-off and reorganization into "Matrix Quantum", it will comply with the listing requirements of the SGX. Other companies can also do the same, but the premise is that the technology business structure can be supported like Matrix Quantum. There is no legal requirement for high-tech companies to You can't trade in stocks.

After completing the "transformation" of Matrix Quantum Group, the financial business is only one of the company's many business sectors. To put it bluntly, it is a sideline business, but the earning power of this sideline business is a little bit stronger.

It was split and reorganized into Matrix Quantum, and the original stock holders became shareholders of Matrix Quantum. The shareholders' rights were not damaged and remained unchanged.

On the contrary, after changing to a high-tech enterprise, the price-to-earnings ratio given by the market will be higher, and the valuation will definitely be much higher than the price-to-earnings ratio of financial stocks. Investors are very much in favor of this spin-off and reorganization.

…

The next day, Wednesday, November 4th.

Affected by many good news such as the release of the 13th Five-Year Plan recommendations, the A-share and H-share stock markets collectively rose sharply today.

The Shanghai Stock Exchange Index showed a unilateral rise today, exiting the bald and barefoot Yang line, closing up +4.31%, returning to the 3,400-point mark. The Hang Seng Index also rose by more than 3 percentage points at one time, and fell slightly in the afternoon, closing up +2.15%.

In terms of A-shares, the Shanghai and Shenzhen stock markets generally rose, and no industry concept fell. All stocks were in the red. Brokerage stocks and insurance equity rose across the board. In particular, the daily limit of 24 stocks in the brokerage sector also pushed the securities sector index to the daily limit. The insurance sector also surged by more than 100%. 8 percentage points.

In the next three trading days, under the strong rebound of financial stocks in the A-share market, the index continued to maintain a strong trend, with both volume and price rising and closing the positive lines. In the past three days, the Shanghai Stock Exchange Index rose sharply by +1.83%, +1.91% and 1.58%, pushing the index to a height of 3673 points.

The brokerage sector has performed the most brilliantly, reaching its lowest point since August. So far, it has achieved a sector increase of more than 63 percentage points, basically recovering from the five consecutive positive declines in August.

In addition, the index fell to a low of 2850.71 in August and has reached a maximum of 3673 points so far, with a cumulative increase of +28.87%. It has entered a so-called technical bull market situation.

Since the A-share market broke through the 3,000-point mark and dropped all the way to 2,850 points, on the one hand, it has also made a final desperate move. After reaching a bottom for more than a month, it began to rebound. Recently, it has been stimulated by good news, and The SGX registration system pilot project has also aroused much anticipation in the market. Investors are suddenly optimistic because they feel that the main boards of the two cities may be forced to make some changes in the face of competitive pressure from SGX.

After all, many investors in the two cities expect that the main board will also adopt some SGX mechanisms, such as T+3 for institutions and T+1 for retail investors; for example, the daily trading hours will be extended to 6 hours; and compared with the introduction of SGX Trading system technology platform and so on.

These motherboards can be copied directly. To say the least, you don’t have to copy them all. You have to modify one or two of them, right?

The current market has such expectations, so many investors have renewed hope in Big A.

Well, the SGX has indeed put a lot of pressure on the main board, and it does need to change. It cannot be justified to stay the same. Moreover, there is already a direction. The village chief has already been brewing in his heart and wants to make a big one. .

On the opening day of the SGX, that is, January 4, 2016, the first trading day of the new year, the circuit breaker mechanism was introduced on the main boards of the two A-share markets. Anyway, it cannot be the same as the SGX. It has to be innovative. SGX doesn’t have a circuit breaker, so let’s let the motherboard do it.

Investor: Ah this...

...(End of chapter)