My Fintech Empire

In the following days, the A-share market will have seven trading days before the Spring Festival.

The bald and barefoot long positive line of the Xinzheng 50 Index, which has both volume and price rising, has stood above the 2000-point mark, directly confirming that 1933 points is the effective bottom support level. It also hit an upward gap, and some careful people also found that the Xinzheng 50 Index seems to have its own unique personality.

The main board index next door has the habit of "filling gaps when there are gaps", while the Xinzheng 50 Index here is just the opposite. It has almost no habit of filling gaps downward, and often gaps when the direction is chosen at some key positions.

The gaps at several key points in the past are like this, and many people who are obsessed with filling gaps at key positions regret it.

In the next seven trading days before the holiday, the market trend of the Xinzheng 50 Index once again explains that it is best not to be superstitious about the bad habit of "filling gaps when there are gaps" on the main board next door in this place, otherwise you will seriously miss the market and your thighs will be swollen.

In these seven days, the Xinzheng 50 Index rose six out of seven days, and the last five trading days before the Spring Festival directly rose five consecutive times. The daily lines of these seven days rose by +0.53%, -0.66%, +0.91%, +1.01%, +0.52, +0.61, and closed up +1.07% on the last trading day before the holiday, closing at 2086.05 points.

The Xinzheng 50 Index not only turned from green to red, reversed the continuous decline at the beginning of this month, but also created a new high in the new year. The annual line increase in 2017 expanded to 5.1 percentage points, while the annual line of the Shanghai Composite Index in 2017 was 1.79 percentage points during the same period. The Xinzheng 50 Index can be said to be a strong leader in the main boards of the two cities.

It is worth mentioning that Farm Supermarket, one of the star-level enterprises under Qunxing, completed its registration and listing on the SGX before the Spring Festival. The company officially landed on the SGX and was listed on Monday, January 23, becoming the first super large-cap stock to be registered and listed on the SGX in the new year. Its market value reached 312 billion yuan, and the IPO raised 22.9 billion yuan.

The listing of this company has long been expected. Last year, K God organized a live broadcast to bring goods for Farm Supermarket. During the live broadcast, he said that he would go public. However, this company is a serious blue-chip stock with weights, a typical traditional enterprise, and not a high-tech growth stock.

Many stockholders also remember that K God played a guest role as an "investment consultant" during the live broadcast, and clearly stated that the growth space of Farm Supermarket was limited, and the stock price was unlikely to rise several times or even dozens of times like companies like Matrix Quantum and Toutiao.

In the future, it will mainly distribute dividends. Another meaning of dividends is to tell holders that the company has limited future development space and limited profit space. After keeping the basic market and making money, most of it will be distributed directly.

Therefore, it is suitable for long-term holding of large-scale stable funds to receive cash dividends. Retail investors have small funds, and dividends are not distributed to them. The equity of each company is not high, and the average annual increase may be about 10 to 15 percentage points.

If the stock price fluctuates too much in the short term and may remain sideways for a year, retail investors are not suitable for holding it, and it is difficult for them to tolerate the stock price remaining sideways for a year without rising.

This stock is almost tailor-made for large-scale stable funds at the far end. It can be held for a long time in years. Even if the stock price fluctuates sideways for one or even two years, it can still receive dividends with large funds. This type of funds mainly pursues stability and asset price preservation. If they can outperform inflation and the rate of national debt expansion, they are willing to hold such assets, and they are even more willing to receive stable dividends.

Different types of funds in the market have different pursuits, different strategy styles, and naturally different asset targets.

……

During the Chinese New Year, the hottest topic on the Internet was the 10 billion red envelope carnival. This is the third consecutive year that God K has personally spent 10 billion red envelopes, which has become an annual carnival feast.

There was also good news during the year. The US dollar index weakened and fell below the 100 US dollar mark.

The offshore RMB exchange rate against the US dollar also rebounded to below 6.8. As long as the US dollar index falls, the RMB exchange rate will appreciate in disguise even if it remains unchanged.

However, for some runners, colonizers, and insiders who want to transfer wealth overseas, even if the RMB appreciates to less than 6.0, it will not shake their determination to transfer wealth overseas.

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It was February, the New Year holiday ended, and all parts of the country welcomed the return to work. The A-share market also opened as scheduled after the holiday.

The first trading day after the holiday did not continue to rise, but closed in the red, but after adjusting for two or three days, it strengthened again. Starting from Wednesday, February 8, the New Securities 50 Index led the three major A-share trading markets to attack across the board.

The SGX trillion-yuan stabilization fund has entered the market, and the SGX 50 Index closed five consecutive positive days in one breath, rising by +1.09%, +1.31%, +0.93%, +1.46% and 0.35% respectively, pushing the index to a historical high of 2186.54 points.

On the year-on-year line, the increase of the SGX 50 Index expanded to 10.2%.

The main board index next door was also brought up, and the Shanghai Composite Index returned to the 3200-point mark. However, the main board indexes of the two cities could not compete with the SGX 50 Index. They have set a new historical high again, while the next door is still playing around 3000 points.

As the new year begins, retail investors continue to "move" to the SGX. This trend seems to be irreversible, and investors in the industry basically agree with this view.

The next door has really ushered in a wave of de-retailization. If the entry threshold set by the SGX was not too high, perhaps there would be no one playing on the main board now. The actual situation is not much better, which has become increasingly obvious from the comparison of market trading activity and volume.

In the first half of last year, the daily trading volume of the Shanghai Stock Exchange still maintained an advantage. The SGX would occasionally overtake it. By the middle of the year, it was already neck and neck. After the third quarter, it has often led the Shanghai Stock Exchange, and its annual trading volume has also exceeded that of the Shanghai Stock Exchange.

This year, the market generally predicts that the trading volume and trading activity of the SGX will definitely further widen the gap with the Shanghai Stock Exchange. Now the SGX stock pool has begun to take shape.

Investors also found that although the new stock registration and listing of the SGX in January this year still maintained a double-digit efficiency per week, the absolute number was lower than that of January last year, indicating that the expansion speed of the new stock registration and listing of the SGX has slowed down. However, even so, the total number of stocks in the SGX market is likely to exceed 1,000 by the end of this year.

The expansion speed has slowed down, because good companies that meet the listing standards of the SGX have almost been listed, and Fang Hong will not expand for the sake of expansion. The current SGX market has taken shape, and there is no need to rush to rush to list.

Qunxing Capital still has many high-quality subsidiaries that meet the listing conditions, but Fang Hong is not in a hurry to get all these companies listed. After all, it is not good to see that half of the listed targets in the entire market are labeled "Qunxing".

Give way to more non-Qunxing companies. These companies need more financing support. There is no need for those companies in the Qunxing market to compete with them for resources in the market. With Qunxing as the big daddy, there is really no need. Just ask the daddy for money.

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