My Fintech Empire

At around 13:55, two large-scale listed companies, Jiutianxing Network and Bionic Power, took over and led the industrial chain under their command to take off again.

These large companies with a market value of hundreds of billions of yuan, especially those with a market value of more than 400 billion yuan, almost affect the entire industrial chain, and many high-quality companies in the upstream and downstream of the industrial chain have now registered and listed on the SGX market. The big companies can often drive dozens or even hundreds of stocks to take off, which is the so-called leading type.

At the same time, the SGX 50 Index also rose unilaterally with the help of them.

At around 14:20, major market software pushed the message:

[Thousands of stocks in the SGX market were in the red, and only more than 20 stocks were in the green. The SGX 50 Index expanded its increase to +3.65% in the afternoon, standing above the 4,400 point mark, continuing to set a new historical high. The current transaction volume of the SGX market exceeded 800 billion. 】

Just one minute later, major market software pushed the news again:

[The net inflow of SGX-ST reached 57.2 billion, setting a new record for the largest single-day net inflow in history. 】

At this moment, the SGX-ST 50 Index has soared to 4,465 points and is still rising. At 2:30 p.m. in the closing, when the SGX-ST 50 Index's upward momentum slowed down, two epic big guys, Xingyu Technology and Matrix Quantum, known as the "big and small kings" of the SGX, moved up and once again led the market to take off.

These two ultimate big stocks rose a few points and easily lifted the intraday increase of the SGX-ST 50 Index to above the +4% level.

When the A-share investors saw the long leg of the SGX-ST 50 Index today, they shouted that it was crazy and the whole market was crazy!

As long as you are not unlucky enough to buy those 20 green stocks, you will make money today.

The market conditions in the SGX market make many stockholders feel that anyone can become a stock god. Some people even joked that it is difficult to make money in the two neighboring markets, but it is difficult to lose money in the SGX market. They are simply two extremes.

However, the performance of the two neighboring markets today is actually not bad. The Shanghai Composite Index gradually stabilized and rose under the leadership of heavyweight stocks. In the afternoon, the SGX market staged an epic short squeeze, which also led the entire A-share market. The market obviously increased in volume on a large scale, attracting incremental funds from the outside market.

The Shanghai Composite Index once rose by more than +2.5% under the leadership of heavyweight stocks, and once touched the 2,800 point mark. However, in sharp contrast, theme stocks weakened across the board. Unless it is the SGX market, it is almost despised by everyone in the Shanghai and Shenzhen markets. This is the case with the current A-share market.

At around 14:58 near the end of the trading day, major market software pushed the following news:

[The SGX market turnover has once again set a new record for the largest single-day turnover since the market opened in 2016. The current turnover has exceeded the 1 trillion mark, the first time since the market opened in 2016 that the single-day turnover has exceeded the trillion mark. ]

When all kinds of investors in the A-share market saw the SGX market turnover break the trillion mark, they were all stunned and stunned. It was like they were dreaming back to the epic leveraged bull market in the first half of 2015. At that time, the SGX was still unknown, and the Shanghai Composite Index had a single market turnover of over one trillion, which was contributed by the leveraged funds of the over-the-counter financing.

The current SGX market does not mean that there is no over-the-counter financing or leveraged funds, but that the proportion is very small, because Fang Hong has already set the tone. There is no problem with the increase, but the leveraged funds and the over-the-counter financing must be strictly investigated.

The SGX also controls it very well, but without over-the-counter financing and leveraged funds, how can it achieve a trillion-dollar turnover?

There are four main aspects. The first is market makers and trillion-yuan stabilization funds, which are self-evident. The second is the continuous large-scale net inflow of foreign capital into the SGX market. The third is the continuous "savings migration" of the general public, which has brought huge incremental funds. The fourth is the diversion of funds from the real estate market into the SGX market.

Yes, the current SGX market also competes with the real estate market for liquidity to a certain extent, and has grabbed a lot of liquidity. To put it bluntly, some speculators choose to speculate in stocks instead of real estate. The reason for this is that the SGX market continues to be a bull market, and the investment return rate of the SGX 50ETF has greatly outperformed the housing price.

In the past three years or so, since the monetization of shantytown renovation in 2016, the real estate market has started a new round of frenzy, and there are many areas where housing prices have doubled, which is already very impressive. However, the SGX market in the same period also opened in early 2016. The initial value of the SGX 50 Index was 1,000 points, and now it has exceeded 4,400 points. In less than three years, the cumulative increase exceeded +345%, and this investment return rate directly killed the real estate market.

If we calculate from the historical lowest point of 788.87 points of the New 50 Index, the cumulative increase has reached +465%. At the same time, 2 million yuan to buy a house is now at most 4 million yuan, but if you bought the New Certificate 50 ETF at 1,000 points when the SGX opened and held it until now, 2 million yuan has become 8.9 million yuan. If you buy at the historical lowest point, 2 million yuan has become 11.3 million yuan.

The SGX market has created the longest bull market cycle in the history of A-shares, exceeding the wave in 2015 and the wave in 2007, including before the millennium. It has been almost three years since the New Certificate 50 Index was launched, and it is still in a bull market today.

It is precisely because the SGX market has created an unprecedented bull market cycle that it has gradually attracted funds from the real estate market to the stock market. However, the funds diverted are not too much. No matter how you say it, the SGX market is a stock market, and the risk is definitely much greater. After all, the stock market is an unfamiliar track for real estate speculators.

With the closing at 15:00, the three major A-share indexes all rose today, and the SGX market led the way.

The SGX 50 Index rose by +4.49% to 4493.89 points; the Shanghai Composite Index rose by +2.50% to 2797.48 points; the Shenzhen Component Index rose by +2.13% to 8409.18 points. The three major trading markets had a total transaction volume of 1334.8 billion, of which the SGX market had 1013.3 billion, accounting for more than three-quarters, and the total transaction volume of the Shanghai and Shenzhen markets accounted for less than 25%.

In terms of foreign capital inflows, the SGX market was still a day of crazy buying by foreign capital today. After-hours data showed that the net inflow scale reached 61.3 billion, setting a new record.

After the market closed, all investors in the A-share market were excited, and most of the news after the market closed was about the 550 billion US dollar order from the rich.

This news reached Lao Mei's ears across the ocean, and he learned that the rich man in Sat had actually paid a direct advance of 50 billion US dollars. Lao Mei realized that all the pressure on the rich man in Sat during this period had worked.

He was furious on the spot.

What made Lao Mei most angry was that he learned this news from the news, and even some retail investors in the A-share market knew it before Lao Mei.

Xiao Sa Le Man just transferred the money silently, and Lao Mei didn't get any intelligence information. He thought it was stable before, but he never expected it to be like this. Lao Mei felt that he was slapped hard by the rich man.

And Lao Mei didn't intend to give up, and couldn't bear it, so he decided to continue to increase the intensity of Xiao Sa Le Man, and was determined to destroy this order.

On the following weekend, when people from all walks of life in China were celebrating the closing of the $550 billion aerospace contract with the rich man of Sat, Lao Mei had secretly sent someone to contact the rich man of Sat overnight.

This time, he was crazy about increasing the strength of Little Saerman. Lao Mei was too lazy to pretend and asked Little Saerman in the face: Do you want industry or your life?

…