My Fintech Empire

On the following Tuesday, Wednesday and Thursday, the three major A-share trading markets all emerged from the recent six consecutive positive upward trend, and with the continuous expansion of volume, it seems that the entire market has entered a bull market, and the SGX market is no longer the only bull market.

On Tuesday, the SGX 50 Index rose for four consecutive days, and closed up +0.85% after the market that day, at 4745.43 points; on Wednesday, it rose for five consecutive days, and rose by +2.31% on the day, and stood above the 4800 point mark in one fell swoop, closing at 4855.11 points after the market; on Thursday, it rose for six consecutive days, and rose slightly by +0.11%, to 4860.41 points.

In the past few days, the trading volume of the SGX market has remained at around 950 billion, which is basically a quasi-trillion-dollar trading market.

In addition, the Shanghai Composite Index also successfully recovered the 2700-point mark on Thursday this week.

The three major markets are all rising, but the SGX market is still the most dazzling one in the entire A-share market. After breaking through the previous high, it is now setting a new record high every day.

In terms of individual stocks, Bionic Power Company staged an elephant dance market. Since the first board limit on the last trading day before the holiday, it has recorded five consecutive limit ups as of Thursday this week, and has gone through four consecutive limit ups in the four trading days since the holiday.

The company's latest share price is 148.79 yuan, and the corresponding total market value has exceeded the 500 billion mark, specifically 588.177 billion.

By Friday this week, the three major stock indexes all stopped six consecutive positives, and all fell back today. The New Certificate 50 Index fell -1.56% today and closed at 4784.73 points.

Bionic Power Company opened a single board in the morning, but it also exploded during the session because of the market's rebound. It once dived to the +3% water level, releasing more than 30 billion in volume. However, in the afternoon, Bionic Power Company was strongly closed back, and the intraday divergence directly turned from weak to strong, and went out of the T-shaped board market, and achieved six consecutive limit ups, and the market value scale further soared to a historical high of 646.995 billion.

The current trend of this company gives people the feeling that it will reach the trillion mark in one breath.

…

Entering the weekend, on the weekend of February 17, the SGX market announced a piece of explosive news. At around 11 a.m. that day, the SGX publicly solicited opinions on the "Implementation Rules of the New Regulations on Delisting Management of New Town Stock Exchange (Draft for Comments)".

Once this draft for comments was released, it caused a sensation in the A-share market that day, and the entire capital market was in a turmoil. The stockholders of the A-share market were completely boiling, and all major stock forums and communication groups were discussing this matter.

[Sure enough! The news is not made out of nothing! ]

[Witness history! ]

[From the rumor of the new delisting rules on January 4 this year, it has been about one and a half months to today. The rumor that has been circulating for so long has finally landed. ]

[No wonder it fell on Friday. Someone knew the news in advance. Did the good news turn out to be bad news? ]

[Bad news, this is obviously good news of epic magnitude. If you follow this logic, the SGX 50 Index cannot rise to 4,800 points. Don’t use your neighbor’s thinking to strategize the SGX market, otherwise you will doubt your life. Times have changed, sir! ]

[The interim top of 4,500 points last year had a trading volume of 1.09 trillion. Now the market has not completely broken through the trillion mark, so where does the saying of peaking come from? ]

[Let’s take a look at the content of this draft opinion first. What is written? It’s confidence! ]

[It must be said that the source is worthy of being one of the “three major people”. He broke the news more than a month ago, and it is exactly the same as the news. ]

[It’s different. I read the content of the draft, and there is another amazing rule that the news god didn’t mention. In the future, the issuer of the listed company on the SGX will report a valuation that it believes is reasonable to its own company. If it is forced to delist due to fraud in the future, even if the company’s latest stock price falls below the issue price, the issuer must repurchase the shares held by public investors at the issue price. ]

[What the hell? Is it true or false? ]

[It is written in black and white in the draft opinion, go and read it yourself, it is open for public comments. ]

[This regulation is awesome, the issuer knows the level of their company, they will never dare to overestimate, they will never dare to sell junk at sky-high prices, there will be no phenomenon of bad money driving out good money, if they dare to do so, if they are found to have committed fraud afterwards, they will be bankrupt if they are liquidated. ]

[Support! I must support! ]

[Don't be too happy, this is just a draft opinion, it is not 100% certain. ]

[Uh... my friend, how old are you this year? Anyone with a little experience would not say such a thing, saying that it is a solicitation of opinions, but in fact, your and my opinions are useless, it is just a process, and it can be released like this, basically it is almost certain that it will be implemented like this. ]

[Nothing wrong... (covering face.jpg)]

[My thighs are swollen from slapping. I hesitated when the SGX 50 Index fell below 4,200 points in the first few days of the year. I didn't dare to chase it when it rose to more than 4,500 points, fearing that I would stand guard. I thought about buying it after a correction. Who would have thought that it would soar all the way and accelerate to more than 4,800 points? It's really a bummer. ]

[Really? I said before that I'll wait for you at 5,000 points... (manually funny)]

[Go, go, go, go all in! I'm going to lose all my money... (angry)(angry)(angry)]

[Five thousand points is not a dream, ten thousand points is just the beginning! ]

……

This draft opinion released by the SGX has made people from all walks of life in the entire capital market sit up and take action, especially the OTC funds that are anxious to miss out. There are always funds that miss out.

At present, investors' confidence in the SGX market is unprecedentedly high, and investors who have read the draft opinion are extremely excited.

Many old stockholders who have played in the A-share market for more than ten years and have not made much money but have lost a lot can't help but shed tears, saying that this day has finally come, and the millions of investors in the A-share market have been waiting for this moment for too long.

In addition to this most important good news, many good news are released on weekends.

First of all, the progress of bank wealth management subsidiaries is obvious. On the evening of the 17th, the website of the China Banking and Insurance Regulatory Commission announced that the establishment of a wealth management subsidiary by the Industrial and Commercial Bank of China, known as the first bank in the universe, has been officially approved. This is the fifth largest national bank wealth management subsidiary to be fully approved after the four banks of China Construction Bank, Bank of China, Agricultural Bank of China, and Bank of Communications. Unlike the previous batches, the wording of this approval document has added "realize the opening and operation of wealth management subsidiaries as soon as possible, and provide more new compliant funds for the real economy and financial markets."

This news is interpreted as a major positive on the capital side, and the market generally expects wealth management subsidiaries to bring incremental funds to the capital market.

The second is that the social financing data in January is very impressive, 2.21 trillion more than the same period last year, a record high, and 584.2 billion more than the same period in a single month, also a record high.

Third, many institutions expect that the scale of foreign capital flowing into the domestic capital market in 2019 may set a new record high. Last year, in 2018, the domestic capital market ushered in a record foreign capital inflow of US$300 billion, of which the scale of inflow into the SGX market accounted for a huge US$220 billion.

Many institutions generally expect that foreign capital in the domestic capital market will rise to US$800 billion in 2019, setting a new record high, of which the SGX market is expected to reach a record high of US$600 billion.

According to the internal data of the SGX, from the beginning of 2019 to the present, the scale of foreign capital inflows in the year has exceeded the US$100 billion mark, with a specific figure of US$108.3 billion, excluding exchange rate changes of RMB 726.6 billion.

Foreign capital has been "buying, buying, buying" almost every trading day since the beginning of the year. Regardless of whether the market is adjusting or rising, foreign capital has maintained a net inflow trend. When the market is correcting, the net inflow is small, and when the market is rising sharply, the net inflow is often more than 50 billion. Since the beginning of the year, there have been a total of 28 trading days, and the average daily net inflow of foreign capital is nearly 26 billion.

Since the news of the new delisting rules in the SGX market at the beginning of the year, foreign capital has been buying more and more fiercely, and more and more hot money is also pouring into this market.

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