My Fintech Empire

Fang Hong ended the call with the beautiful assistant, put the phone aside and logged into his personal social media account Weibo platform. His Weibo private messages and comments have exploded. The latest comments or private messages all mention the reduction of holdings by the wealth fund.

At this moment, the New Securities 50 Index has dropped to 2099.37 points, and the 2100-point mark has also been broken.

Fang Hong quickly edited a long Weibo post, confirmed that it was correct, and updated and published it:

[Recently, there are a lot of big rhythms, big and small rhythms every three or five days. If you take it too seriously, you can't live. I didn't take it too seriously, but seeing that more and more people believe it, I still have to come out and say a few words.

In the recent reduction of holdings by the wealth fund, some people have led the rhythm to say that we have finally revealed our true colors and are going to start harvesting ordinary shareholders.

I wondered, would anyone really believe this rhythm?

If it really wants to harvest ordinary shareholders, it should never be a reduction of holdings by the wealth fund. What is the identity of the capital client here? It is precisely the vast middle and lower income groups. Even if we take a step back, it is also to help them cash out and leave the market. Is there such an operation to harvest the masses in this world?

The written description of the 2 trillion yuan reduction by the wealth fund is relatively formulaic. Here I will give you a down-to-earth translation so that everyone can understand it.

Everyone knows the previous 7 trillion yuan plan. Where does the money come from? There are many aspects. One of them is the wealth fund. The 2 trillion yuan cashed out from the first phase of the fund will be invested in this 7 trillion yuan plan. The second phase of the fund to be raised is expected to be 2 trillion yuan, and 1 trillion yuan will also be invested in it.

This is one aspect. On the other hand, the purpose of the wealth fund at the beginning of its establishment was to target the vast middle and lower income groups waiting to get rich. It was established for the road to common prosperity. The first phase entered the market early and has made a lot of money or even too much profit. There are still more people waiting to get rich who have not yet boarded the train.

Those who bought the first phase have made a fortune, but what about those who have not yet boarded the train? This deviates from the original intention of the establishment of the wealth fund and does not conform to the original intention of common prosperity.

The 2 trillion yuan cashed out by the first phase of the fund is not only to enable the long-term investment of the 7 trillion yuan plan to obtain greater long-term returns in the future, but also to make way for the second phase of the fund, including that the second phase of the fund will make way for the third phase in the future, and ultimately to achieve common prosperity.

There is nothing to hide or not to say, let's just say it openly, right and wrong will be judged by the public, justice will be in the hearts of the people, and time will prove everything.

In addition, we solemnly remind the majority of holders of wealth funds to choose to redeem their investments. I hope you can carefully consider and make a decision. Think twice before you act. Every family has only one chance to get on the bus. If you choose to withdraw, you will never have a chance to get on the bus again.

So many people waiting to get rich are queuing up to get on the bus. It is impossible to waste public resources for your repeated troubles. 】

……

Fang Hong's Weibo update was quickly forwarded by various self-media bloggers, netizens, and stockholders, and media organizations also quoted and reported.

When other investment institutions read his article, they could only sigh in silence for a while. Only Fang Hong would say this, dare to say this, and say it so bluntly. Other institutions would like to have more money invested by their clients.

The wealth fund he set up is good. It has set a limit that each family can only invest once, and the upper limit is not more than one million yuan. After redemption, there will be no chance to get on the train again in this life.

The key is to set such a threshold, but countless people are scrambling to get on the train.

Other institutions also want to do this, and they dream of imitating and replicating it, but they also know that it is impossible to replicate.

This kind of investment opportunity to get on the train only once in a lifetime, and there will be no chance to get on the train again after jumping off the train. Fund clients will cherish this opportunity very much and will not easily choose to redeem. They will hold on to it tightly and may even pass it on to the next generation.

Even if they are extremely anxious to use the money, they will choose to mortgage the front cash flow, and would rather bear more interest costs for this than redeem directly, because the subsequent appreciation will cover the interest cost and continue to appreciate, and there is almost no redemption pressure for wealth funds.

Other institutions cannot replicate this because they have not gained the trust of the world. Today, Fang Hong is unparalleled in terms of credit, reputation, and fame. The most important thing is his strength and the ability to make money. To put it bluntly and down-to-earth, everyone not only truly believes in the "common prosperity" he talks about, but also believes that he can do it.

So many people have benefited from it over the years, and it has been further strengthened in the hearts of the world through discussions and after-dinner conversations, and a positive feedback mechanism has been formed.

Just when Fang Hong just posted the Weibo update, the New Certificate 50 Index had already dropped to 2097.81 points, and the intraday decline widened to -3.21%. Since the correction from the historical high, it has created a range of declines of -12.92%.

Less than three minutes after the Weibo update was released, the New Certificate 50 Index stopped falling and rose. As the spread of the Weibo continued to expand, the New Certificate 50 Index began to stage a big V Tianlong trend and continued to rise all the way.

About twenty minutes later, the Xinzheng 50 Index recovered today's opening price, and the daily K-line has turned into a red K-line, but it is a true Yin and a false Yang, because today opened low by -1.73%, and now the decline has narrowed to within -1.5%.

Fang Hong looked at the deep V trend of the New Securities 50 Index and couldn't help but smile: "It seems that the market still buys my account more, and the stabilization fund doesn't need to support the market today."

His latest Weibo article is easy to understand, without any riddles, no interpretation, no overtones, and there is no difficulty in understanding with basic reading ability.

Others or other institutions are hesitant or even fooling around when they reduce their holdings. What's worse, some even reduce their holdings and cash out without issuing any announcements.

Fang Hong, on the other hand, is plain and simple, and the market buys it and has more confidence, because when everyone reads his Weibo article, they seem to feel the confidence coming from the words.

That is the mentality and attitude of the strong.

People are born with a strong mentality. To put it in a down-to-earth way, everyone feels that following you is hopeful, feels that following you can eat and drink well, and feels that following you can live a good life.

If you are not strong, how can you lead everyone to success? How can you make everyone believe that you can lead everyone to success?

No one will go to a weakling, let alone believe that there is any point in following a weakling.

Not only did everyone feel the heart and attitude of a strong man from the content of his Weibo article, but they also saw that he did not bully the weak. In the eyes of many people, not to mention that many of the practical things he did were to fight for the welfare of the disadvantaged.

As time went by, Fang Hong's Weibo article continued to ferment, and more and more people began to take the initiative to help further extend the explanation.

The cashing out of the wealth fund of 2 trillion yuan was not a runaway or cutting leeks, but for a better long-term layout and development, and invested in the 7 trillion plan. In the future, it will give birth to a larger industry and more excellent companies to register and list on the SGX.

This is not a cashing out or cutting leeks, it is obviously to make the cake bigger, stronger, and better. Of course, it is more beneficial to the SGX market and the SGX 50 Index in the long run. Now the fall is actually a very good opportunity to buy at the bottom.

At this moment, there is indeed a lot of money buying at the bottom, which also drives the New Securities 50 Index to continue to strengthen, rebounding all the way upward and returning to the 2,100-point mark, including Xingyu Technology, which has fallen sharply, and has returned to the 5 trillion market value mark.

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