My Fintech Empire

On Wednesday, February 28, the last trading day of this month, the market opened.

Blue Ocean New Town officially landed on the SGX today. The company re-IPOed and raised 877 million yuan, with an issue market value of 11.7 billion yuan. The original investors who held the stock, whether institutional or small and large retail investors, remained basically unchanged, just like the more than 20 group-system listed companies that collectively moved to the SGX market.

Small retail investors who hold Blue Ocean New Materials but do not meet the SGX market account opening threshold can continue to hold or choose to sell, but after selling, they cannot buy again. If they want to buy again, they must follow the SGX account opening threshold and open the SGX account investment authority.

Therefore, some small retail investors who originally held the stock only had one chance to sell without opening a SGX investment account.

The result is that more than 90% of small retail investors choose to hold and not sell.

There is no limit on the price fluctuation on the first day of listing on the SGX. Today, the stock price rose by +157% in the red market, and the market value after the market closed was 30.069 billion. The shareholders who were trapped in it have made a huge recovery. Even those who were cut in half have recovered their investment within one day today and made money.

The retail investors who hold the stock are very happy. The shareholders who sold the stock before dawn are slapping their thighs, and the shareholders who directly hit the 12 consecutive boards and fell to the limit on Leshi.com are envious.

Blue Ocean New Materials has become the top stream of the A-share market in the past two days, and has received too much attention from the market. It can be called the most beautiful cub.

The small and medium-sized start-ups next door have also begun to stage a series of wonders. Many shareholders who were trapped in the small and medium-sized start-ups have run to question the secretary of the holding company, asking whether the company should delist? Should it go to the SGX?

Or some shareholders directly said that they would delist quickly and then go to the SGX to relist.

This situation happened not to just one or two companies, but to N companies. The bosses of those companies also want to do it, but they don’t know what the situation is with their own companies. Let’s not talk about whether they can succeed in the SGX, but first we have to talk about whether they dare to go to the SGX?

Today, the GEM index not only did not fall, but closed up +0.58%, and even surged to +1.71% during the session. It was obviously a negative thing for small and medium-sized enterprises, but the actual market trend was completely opposite, which made many investors say that they couldn’t understand it.

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In March, on Thursday, March 1, the GEM index rose by +2.07%. Investors were scratching their heads and were confused by this market trend.

Now small and medium-sized enterprises are in a state of showing their magical powers. One moment, it was rumored that this company was going to delist and go to the SGX for listing, and the next moment, there were similar rumors about that company, and then the stock price soared and hit the daily limit!

After tasting the sweetness, more and more people followed suit, and small essays were flying all over the sky, and those who were trying to cheat were one after another.

This really made it difficult for the people in the next village, and they didn’t know what to do.

It is difficult to make a decision to strike hard, because the small and medium-sized enterprises are indeed taking off at this moment, and the situation of liquidity depletion has been greatly alleviated. If you strike hard, you will definitely die suddenly.

But it is not appropriate to ignore it, because the logic support for the current hot market of small and medium-sized enterprises is very poor, which can be said to be digging the root, because the logic of capital-driven market is that the high-quality targets here go to the SGX market.

In other words, after this period of carnival is over, it will really be a complete GG rhythm.

While the eight immortals showed their magical powers here, the SGX 50 Index in the SGX market next door fell back to the 3450 point range for four or five days. On Tuesday, March 6, the SGX 50 Index closed up +2.03% at 3528.50 points, returning to 3500 points again.

After the next day's correction of -0.66%, the New Securities 50 Index went straight out of three consecutive positive days, closing up +1.03%, +1.02% and 1.33% respectively, and the closing price was locked at 3625.25 points, not only regaining the 3600-point mark, but also breaking through the historical high of 3623.53 points to set a new high.

Investors have nothing but worship for the New Securities 50 Index. Excluding holidays, it took only 16 trading days to rise from 3206 points to set a new high. This period of increase exceeded 13 percentage points, while the Shanghai Composite Index next door is still playing at more than 3300 points. The gap between the two major indexes is getting bigger and bigger as time goes by.

Just today when the New Securities 50 Index hit a record high, the small and medium-sized start-ups next door did a big job today. A company with a market value of 5.6 billion yuan, when its secretary responded to some investors' inquiries online after the market, directly said that the company's management was discussing delisting and switching to the Singapore Exchange.

This stock has recently gone through five consecutive boards, and if calculated from the bottom, it has doubled.

As soon as the news came out, the popularity index of the stock soared directly, but this incident made the neighboring village, which was already in a difficult situation, live in Bengbu directly.

As a result, this company was directly put in the black room!

"What the hell? Which fund is this company trading? How can it be so stupid?" When the other fund saw the news, it cursed on the spot. Not only him, but many "gods" wanted to kill the trader of that company.

How can such a thing be brought up so blatantly? The village has to take action.

Originally, everyone had a tacit understanding. They didn't want to break the window paper. They wrote some small essays to get rid of gossip and rumors. The village only sent an inquiry letter, and you replied to it again. You didn't have to reply immediately. You could delay the reply until the deadline. During this period, the stock price could still be raised sharply. There was enough time.

As a result, you directly broke the window paper?

Other "gods" didn't care that the company went into the small black room. They were angry that they could have continued to be happy for a while, but they were basically finished early by this stupid operation.

Some funds for making the market have not yet sold out!

Sure enough, the next day, Tuesday, March 13, the small and medium-sized start-ups directly crashed at the opening of today, and funds fled in a stampede. The two leading companies in this round of market opened directly with a limit down.

Funds from all walks of life stampeded and rushed to run, directly hitting the nuclear button. Big investors, small retail investors, hot money, etc., who participated in this round of market speculation, were all crazy today.

The logic of the rise of small and medium-sized start-ups may not have been understood by many people last week, but after so long, everyone with a discerning eye knows what is going on. It can be said to be the last madness.

So many stocks have taken off, rising and even doubling, but most of the participants know that more than 90% of them are lousy stocks, and they will go down the same way they went up.

If there were really so many good stocks, small and medium-sized start-ups would not have fallen to such a state and been abandoned by hundreds of millions of retail investors.

Taking a step back, even if there are really stocks like Blue Ocean New Materials, it would be much more difficult to replicate Blue Ocean New Materials' rapid delisting and then a gorgeous turn to land on the SGX than Blue Ocean New Materials.

Blue Ocean New Materials was able to go so smoothly unexpectedly. The people in the next village didn't expect it at all. Now that they have come to their senses, it is not so easy for you to withdraw.

In short, small and medium-sized start-ups crashed today.

The ChiNext Index also plummeted -5.79%, falling below 1,800 points, and the mood receded, leaving a mess.

In the following days, the stocks of the mediocre chicken began to fall to the limit and fell.

However, some companies soon found a new way to play. The bosses of some listed companies really began to release the news openly. He planned to delist and then apply for registration and listing on the SGX market.

The CEOs of this small number of companies were also very cunning. First of all, their companies were really good, not some mediocre chickens, similar to the situation of Blue Ocean New Materials. This was a prerequisite, otherwise this path could not be played.

After the cards were revealed, first of all, the "certification label" of a good company was obtained, and funds would definitely come to support it, because the expectation of going to the SGX was established, and the stock price could not be seriously underestimated. In other words, the company's stock price had strong support.

Knowing that the two venues were arm wrestling meant that both sides could be popular, and the initiative was in their hands. In addition, they had obtained the recognition of market funds, and then they could slowly advance the path of delisting. If they were determined to withdraw, they could not be stopped.

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