My Fintech Empire

Tian Jiayi, who had made a memorandum of the matter, could not help but look at Fang Hong and said: "According to the current securities law, the punishment measures are not that big, and without a specific legal basis, it is probably difficult to deter delisted companies."

Hearing this, Fang Hong said with a smile: "Who said that we must use securities laws? According to the Contract Law, there is a law to follow. At that time, a subordinate entity will be established with the endorsement of the SGX, and an agreement will be signed with all registered and listed companies. The new delisting rules will be added to the terms of this agreement."

Tian Jiayi suddenly realized.

In this way, there will indeed be a law to follow, and the punishment measures can be ensured to be implemented in place. The major shareholders, actual controllers or company bosses of the delisted companies will not be able to shirk their responsibilities, and they can be implemented with a law to follow.

Fang Hong added: "After the new regulations are implemented, all listed companies must sign a supplementary agreement with the subordinate entities. Those who are unwilling to sign will be forced to delist."

Quanxing Enterprise will undoubtedly take the lead in signing, and other listed companies will basically sign. If the news comes out that a listed company does not sign, the company's stock price will definitely plummet. Most investors will definitely think that you are unwilling to sign, which means you have something to hide.

The stock price cannot be supported, and investors will definitely choose to stay away to avoid stepping on thunder.

Tian Jiayi immediately asked: "When will the new regulations be implemented?"

Fang Hong thought for a while and said: "Let's set it at the time node of May or June next year, and implement it in the third quarter of next year at the latest."

Hearing this, Tian Jiayi nodded.

This is a heavy new regulation, which must be fully considered and takes some time. It is impossible to launch it all at once.

After a while, Fang Hong said again: "Let the SGX study the details. Half a year should be enough. For example, is it possible that someone will exploit loopholes in the new rules to harm the legitimate interests of issuers? I think it is possible. The SGX market must protect the legitimate interests of both investors and issuers. The new rules cannot be thrown out without thinking, but must be fully considered."

The SGX market has taken a series of measures to protect investors. Because issuers have a natural advantage, they must help to raise the advantages of investors to achieve a balance.

However, evil behavior does not distinguish between issuers and investors. Both may do evil. There are also weak issuers and strong investors.

It is not ruled out that some strong investors will set up a scheme to harm issuers. The interests of issuers also need to be effectively protected, rather than blindly favoring investors, which will become accomplices and ultimately bring negative effects to the entire market.

There is no doubt that with the announcement of the implementation of this new rule, it will definitely greatly boost investment confidence in the SGX market.

Fang Hong also wants to take advantage of the current time window to pave the way for this matter and make this rule rigid and solid, because sooner or later, the enterprises of Guo Jia's team will be listed on the SGX market.

These enterprises will be even stronger.

Large-scale rice seedling enterprises are not a big problem, no matter what, they are backed by Guo Jia's team.

But some local state-owned enterprises are hard to say, and they are even fearless because of their status, and they will lie down and rot if they are forced to do it. Aren't you numb when you encounter such a situation?

It can be seen from this that if the road is not paved in advance and the rules are not rigid, when these powerful enterprises are listed on the SGX market, the resistance will be very great when you want to do this.

Fang Hong doesn't want the place he has spent so much effort to be ruined by a few rat shits.

Now that the rules are completely set, even if there will be great resistance and difficulty in enforcing the strong state-owned enterprises that have been delisted, it will at least ensure that they will always be in the right when pursuing the claim, and that they can basically guarantee a win in the lawsuit, which means that no matter how difficult it is, at least there is hope, and there will always be a day to see the light.

Fang Hong is also very confident that the rules will not be easily overturned after they are completely set, because by that time the market index of the SGX market will definitely be above 10,000 points or even 20,000 points, and the market value of the SGX market will be astonishingly large.

Moreover, Fang Hong has been working hard to actively promote the "savings migration", which is the greatest power to protect order. In the future, most of the savings of ordinary people will be in the stock market.

This rule is one of the foundations of the SGX. If anyone dares to pull out this fundamental thing, investors will be terrified, the market will be shaken in an instant, the confidence of the entire capital market will be severely hit, and investors will evacuate in a stampede.

The consequence is that the entire market will collapse, and even ten bulls cannot pull it back. The entire financial market will trigger a systemic crisis in the huge shock. If hundreds of millions or even billions of people's money evaporates due to the market collapse, the systemic financial risk will inevitably be transmitted to the real economy, and it is a high probability event to cause turmoil.

If the SGX market at that time has a similar explosion as the 2015 disaster-level market, the destructive power will be more than ten times greater than that of 2015. The 2015 disaster-level market was already very bad, more than ten times worse than that, unimaginable.

This is tantamount to poking the sky. Who dares to take responsibility for such a huge relationship? It is not as simple as taking the next class. You will really lose your head. If you don't kill them, it will not be enough to appease the anger of the people. Later, the relevant parties involved will be uprooted and a big prison will be set up. If you don't lose your head, you will step on the sewing machine until it smokes.

Even in the 2015 wave, there were a lot of people stepping on sewing machines.

Some people may be tempted in the future, but they will never dare to do it. No one dares to be the first in the world because they can't afford the consequences.

…

With the end of the New Year's Day holiday, the time came to Wednesday, January 2, 2019.

The A-share market ushered in the first trading day of 2019, but the first trading day of the new year encountered a green start. The three major stock indexes opened higher in the early trading, and then opened higher and lower after the opening. The Shanghai Composite Index lost the 2,500-point mark and once touched the previous low.

The theme stocks performed relatively strongly during the session, and the 5G sector, infrastructure and other sectors all performed well.

In terms of individual stocks, Dongfang Communication in the Shanghai Stock Exchange has gone through three consecutive daily limit increases. The stock has the leading temperament of the 5G concept. In the past two and a half months, it has risen from the bottom price of 3.70 yuan to today's price of 12.62 yuan, and the cumulative increase has reached +241.08%. Fang Hong is also impressed by this stock.

Because in the previous life, the top bull stock in 2019 was Dongfang Communication, which was hyped up by the market. At the highest point, it reached 41.88 yuan, a 10-fold increase.

However, whether it can be hyped up to 41.88 yuan again is questionable, because compared with Fang Hong’s previous life, the overall market environment is completely different. There are no retail investors in the two neighboring cities. This is also an important reason why it is difficult for the Shanghai and Shenzhen stock markets to have a short-term surge of more than five times.

Without the participation of retail investors, institutions are unlikely to play, and it is not fun to chop each other with sickles. They are all thousand-year-old foxes playing Liao Zhai.

It is very likely that Dongfang Communication will hardly achieve a ten-fold increase again. The entire market environment has changed!

When the market was approaching the end of the afternoon, the securities sector moved abnormally and rose against the trend. Guahai Securities once rose by +7%, and Tianfeng Securities and Guasheng Financial Holdings followed suit.

As of the close, the three major trading markets all ended in the red. The SGX 50 Index closed down -0.83% at 4225.48 points; the Shanghai Composite Index fell -1.15% to 2465.29 points; and the Shenzhen Component Index fell -1.25% to 7149.27 points.

The three markets had a total turnover of 738.3 billion. A few days ago, the daily turnover of the SGX market alone was more than 700 billion. Today, the SGX also shrunk to 512 billion. Compared with the two neighboring markets, it is indeed very large, but for the SGX market, this is the lowest volume.

The two neighboring markets are even worse. The Shanghai Composite Index directly fell below the 100 billion volume mark. Today, it is only 97.6 billion, and the Shenzhen Stock Exchange is only 128.7 billion.

…