My Fintech Empire

The stock price of Xingyu Technology hit the daily limit today and hit a record high, reaching the 5 trillion market value mark, which has also become a major event in the capital market.

The stock has surpassed Apple's market value for the first time and topped the world's largest market value stock. In a sense, this is enough to be called another milestone breakthrough and a significant transcendence.

Because this is the first time that a technology company from a big country in the East has topped the world's market value. Domestic companies have also topped the world's market value before. That was when Zhongyou Petroleum briefly topped the list when it went public.

The reason why Xingyu Technology's top position is so significant this time is that it is a serious high-tech company.

In addition, Matrix Quantum is also among the top ten listed companies in the world by market value. The company's stock price has also accumulated a gain of more than ten points in the recent rise, pushing the total market value to a height of three trillion. The current market value is in the range of 3.16 trillion. It has not closed yet, and the stock is currently in the red, with an increase of nearly 2 percentage points.

Among the top ten listed companies in the world by market value, only two countries are from the Eastern giants, three of which are from the Eastern giants, and the remaining seven are from North America, which shows that America has a very deep foundation.

The latest ranking of the top ten listed companies in the world by market value, converted into US dollars without considering exchange rate changes, are: Xingyu Technology 740.5 billion US dollars; Apple 685 billion US dollars; Google 537.6 billion US dollars; Microsoft 481.1 billion US dollars; Matrix Quantum 457.9 billion US dollars; Berkshire Hathaway 400 billion US dollars; ExxonMobil 372.6 billion US dollars; Amazon 356.3 billion US dollars; The first bank in the universe (ICBC) 334 billion US dollars; Facebook 332.9 billion US dollars.

Many domestic netizens never dreamed that they could witness their own country's high-tech companies topping the global market value list at the moment. This largely represents that the country's technological progress is advancing at a speed far beyond the imagination of most people, which makes many netizens feel proud.

Especially for some domestic stockholders who bought the stocks of these companies, it is even more so. Not only are they proud, but they also have real benefits.

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As of 15:00 p.m., Xingyu Technology's daily limit was firmly locked all day long until the close of the market after it was closed in the morning.

In addition, the New Securities 50 Index today showed a bald and barefoot medium-sized positive line with large volume, which also reversed the adjustment of the previous few days and broke through the 2075.44 points hit a few days ago, slightly creating a new historical high.

The New Securities 50 Index closed up +2.04% after the market, at 2078.41 points, with a total turnover of 336.1 billion yuan.

The main board index next door also reversed today. The Shanghai Composite Index closed up 0.79 percentage points and recovered the 3200 point mark. Driven by the craze of the concept of holding placards, the main line of the main board index is still continuing, and there is no sign of peaking.

However, at present, everyone is paying more attention to the SGX market and the trend of the SGX 50 Index. The Shanghai Composite Index next door is still green. If it wants to close the year on the red, it will have to continue to rise by more than 300 points. There are still a few months left this year, and many investors feel that it is difficult.

On the other hand, the annual line of the SGX 50 Index has doubled, and it has left the main board index next door so far that the taillights can't be seen.

Xingyu Technology is very popular. As the current head and founder of the company, Qin Feng is also a hot technology celebrity. With the surge in the company's market value, his wealth has also become a hot topic of discussion.

According to public data, Qin Feng currently holds 8.98% of the total share capital of Xingyu Technology, corresponding to a nominal market value of 458.8 billion. 99% of his personal wealth is concentrated in the shares of Xingyu Technology.

With a net worth of nearly 460 billion, he has become the second richest man in China after Fang Hong, and ranks third on the global rich list, second only to Gates with a net worth of 75 billion US dollars.

As for the current world's No. 1 super-rich man, it is Fang Hong, and his wealth is even more discontinuous, unique, and he has been ranked first for several consecutive years. Almost no third-party organization in the world can specifically calculate the scale of his current net worth.

There are even rumors that Fang Hong's current wealth is conservatively estimated to be several times the sum of the wealth of the top ten super-rich people in the world. He is truly rich enough to rival a country, and this country is not a small country, at least a medium-sized regional power.

In fact, let alone the outside world, even Fang Hong himself does not know what his current real-time net worth is. If you want to know, you have to spend at least some time to let a large audit team calculate it.

Accounting is a big project. It will take at least one or two months to complete the audit, and during the audit time, his wealth is also changing in real time in units of "billions". From this perspective, Fang Hong will never know how much his real-time wealth is.

With wealth at this scale, even Qin Feng's current net worth has become a string of numbers in his eyes, let alone Fang Hong.

What is more meaningful than numbers is that the quantified numbers of wealth represent the influence on this society and the control over resources. In a sense, the larger the wealth number, the greater the resources that can be controlled.

It is worth mentioning that even though Fang Hong is so rich, no one in China really has a hatred of the rich.

Facts have proved that Chinese people are not extremely anti-rich. What they really hate is that wealth comes from illegal sources, that the rich are unkind, and that the rich are accomplices of evil.

Fang Hong, a time traveler who has been reborn, knows this best. He vaguely remembers that when a national entrepreneur worth tens of billions of yuan passed away in his previous life, a large number of people sent flowers or mourned in other forms.

The online comments on this entrepreneur during his lifetime were almost all positive. He won praise both before and after his death. No one hated his wealth because he was a super-rich man with a net worth of tens of billions of yuan.

Even though Fang Hong is now as rich as a country, Chinese people do not have any anti-rich mentality towards him, because his wealth came from legitimate sources and can withstand the sun. The key is that he is rich and kind.

It is precisely because of Fang Hong's appearance that many people at the bottom still believe that the rich first will lead the rich later to achieve common prosperity, because he is really practicing this concept with practical actions. The wealth fund for the middle and lower classes is the most convincing existence.

The same is true for retail investors in the SGX. They are increasingly convinced that Fang Hong is practicing his promise of shared prosperity. Many retail investors were repeatedly harvested in the main board next door before, and they did not believe that story at all, thinking that it was a science fiction story and a lie of the century.

But since switching to the SGX, they have personally felt a full sense of gain for the first time, which has changed their minds again.

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