My Fintech Empire

The Wealth Fund has launched a new round of fundraising plan to raise 2 trillion yuan. Such an astronomical figure, and it is from the middle and lower income groups, will definitely have an impact on the property market, especially on second-, third- and fourth-tier cities.

Because according to its subscription requirements, the upper limit of funds is 1 million yuan, and it is based on the family unit.

This amount of funds can buy a house in third- and fourth-tier cities, and there will be some surplus for the down payment in second-tier cities, but in first-tier cities, 1 million is not even enough for the down payment, so there is not much substantial impact on the real estate sales in first-tier cities.

For the establishment of the Wealth Fund, Fang Hong indeed positioned it as a "savings moving".

He is to use his credit, ability, and reputation to raise funds from the private sector for development, so that the private sector can provide part of the funds needed for development, and at the same time give it due wealth returns, enjoy the dividends of development, and let the general public actually obtain a relatively considerable property income and sense of gain.

This is a two-way virtuous cycle, which is fundamentally different from those who use high-sounding slogans but actually cut leeks.

But in a sense, Fang Hong also has to thank those people. If it weren't for their too many evil deeds and their ugly appearance, their reputation in the hearts of the public would have dropped to negative 10,000%. Today, Fang Hong and Qunxing would not be so majestic and shining, and would not have such unparalleled appeal.

Moreover, in today's information-rich Internet era, the depth, breadth and speed of information dissemination are not comparable to those of 10 or 20 years ago. Everyone knows what happened very quickly.

The current situation is that for things like investment and financial management, more and more people have adopted a simple but correct strategy, either to keep the money safe, or to invest in institutions with Qunxing and Fang Hong as credit endorsements.

It is really difficult to tell what other institutions and other people are thinking, and there is no ability to distinguish and screen, but Fang Hong and Qunxing are definitely trustworthy.

For most people, choosing Fang Hong saves the trouble of further analysis and screening, and no longer worries about it, because they know that he will not cut the public's leeks, and for the public, there is only a simple choice of whether to invest or not.

Most people believe that Fang Hong really wants to lead the public to the path of wealth and common prosperity, because he is not just talking, but practicing it with practical actions.

So a lot of people are willing to invest money in him and trust him, but too many people simply can't handle it. The fact that the first phase of the Wealth Fund's fundraising plan exceeded the fundraising by several times can give us a glimpse of the whole picture.

Now that the Singapore Exchange has also been established, an independent valuation system is gradually being established. Under Fang Hong's design framework, the role of the Wealth Fund in the future is to continue to promote residents' "savings migration". Part of the funds raised from the private sector will be invested in the secondary market Singapore Exchange to hold equity, and the other part will be invested in the primary market entity field, mainly technology-based industries.

Promote technological progress and give birth to more high-quality technology companies. These technology companies will then be listed on the Singapore Exchange. The Wealth Fund will hold the stocks of these companies. The upward stock price and the rise in the stock market will bring wealth returns and development dividends to the investment clients of the Wealth Fund, that is, the general public, and in turn, nurture the technological upgrading and development of the real industry again, forming a positive cycle that goes back and forth.

However, there are prerequisites for this mechanism to continue to operate in a positive cycle. That is, it is necessary to ensure that the SGX cannot degenerate. Once it degenerates into a place for a few people to make profits, it will be all over. This mechanism cannot continue to cycle, and collapse is inevitable. Therefore, the SGX capital market is a core hub and a top priority.

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In the next two trading days, the SGX 50 Index closed up +0.25% and +0.41% respectively, and closed at 2258.27 points after the market. It only needs to rise by +0.25% to break through the previous high of 2263.76 points to set a new record high.

On the next day, March 16, at midnight on the 8th of the Eastern Time Zone, the Federal Reserve officially announced the first interest rate hike of the year. This time, the interest rate was raised by 25 basis points, and the federal funds rate was raised from 0.5% to 0.75% to 0.75% to 1%. This is the second interest rate hike in less than three months since the interest rate hike in December last year.

However, just after the rate hike was announced, the trend of the US dollar index was beyond many people's expectations. It did not strengthen, but fell sharply by -1.18 percentage points on the same day. Moreover, the trend of the US dollar index plummeted at a vertical angle of 90 degrees just after the news of the rate hike was announced.

It is not surprising that the US dollar index failed to pull up after the official announcement of the rate hike. This was expected at the beginning of the year, and the announcement now is also the result of the shoe landing. Because the new leader of America wants to go against globalization, return to isolationism, and prioritize America.

The world situation has become more uncertain, and many people even joked that the biggest certainty factor for the world today is full of uncertainty.

Capital does not like this kind of uncertainty factor very much. Whether it is a good thing or a bad thing, capital does not care, but there must be certainty, because only with certainty can it be effectively arranged.

For example, if the stock market is sure to be good, then go long, and if it is sure to be bad, then go short. For capital, as long as it is certain, it doesn’t matter whether it is good news or bad news. The difference is just whether it is eating long or short.

As time went by, as soon as the sun rose in the East 8th District, the Singapore Exchange of the A-share market opened first at 9 o'clock.

Many domestic stockholders saw the news of the US dollar rate hike and thought that the A-share market would fall today. As a result, the SGX 50 Index was not afraid of the news of the US dollar rate hike. It directly opened at 2269.21 points in the call auction stage, breaking through the previous high in the form of a high opening.

When it opened at 9 o'clock, it also opened high and went high, with high volume and high attack, and the volume and price rose together.

After all, the SGX now has a strong expectation that the second phase of the wealth fund fundraising plan will be launched. According to Fang Hong's revelations on Weibo, it is confirmed that a full 1 trillion of off-site incremental funds will enter the secondary market. This is a real and heavy positive, bringing trillions of off-site liquidity to this market.

The strength of the SGX 50 Index here has reached a historical high, which also affects the opening of the main board indexes of the two cities next door. The SGX next door is so strong that the funds' fear index of the US dollar rate hike has been greatly reduced. The Shanghai Composite Index also opened slightly higher and continued to rise after the opening.

As of 15:00, the Shanghai Composite Index closed up +0.84% ​​at 3268.94 points, with a turnover of 244.5 billion; the Shenzhen Component Index closed up +0.77% at 10624.42 points, with a turnover of 306 billion; the ChiNext Index closed up +0.46% at 1966.73 points; the SGX 50 Index rose 2.10% to 2305.62 points, with a turnover of 379.3 billion, and the total turnover of the three major trading markets was 929.8 billion.

Today, the SGX 50 Index is much stronger than the main board indexes of the Shanghai and Shenzhen stock markets. A medium-term positive line with rising volume and price not only further set a new historical high, but also stood on the 2300-point mark for the first time.

Now the SGX 50 Index has continued to widen the gap with the ChiNext Index in absolute points, and the gap with the Shanghai Composite Index continues to narrow. In terms of market trading activity, the turnover of the SGX today not only greatly surpassed the Shanghai Stock Exchange, but also surpassed the Shenzhen Stock Exchange, becoming the first in terms of turnover among the three major trading markets.

These data all indicate that the status and influence of SGX in the A-share market has risen significantly, and that retail investors in the A-share market are continuously "moving" from next door to SGX.

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