My Fintech Empire

As of the close of trading, all three major A-share trading markets ended in the red.

The NSE 50 Index surged +2.39% to 5061.22 points; the Shanghai Stock Exchange Index surged +1.91% to 2804.23 points; the Shenzhen Component Index surged +2.36% to 8651.20 points.

The total turnover of the three major markets was 1.807 billion, of which the SGX market's full-day turnover was 1.1848 billion, ranking second in the history of the largest single-day turnover record, second only to the 1.1942 billion that hit Tuesday.

Today, the three major A-share stock indexes have all gone out of the bald state. It is rare that the closing prices of the three major stock indexes are all the highest prices of the day. This means that the market has already reached the closing time before it has finished rising. It is certain that it will open higher next Monday, unless There were major negative surprises on weekends and weekends.

Because the news that came out today is so heavy, the above people use "finance is the bloodline" to evaluate the financial market. Now most investors have not realized the gold content of these keywords, and many investors even do not know the news.

…

In the new city, you can live quietly in a villa.

At this moment, Fang Hong already knew that the SGX registration-based pilot project had been publicly praised by the higher authorities. The SGX 50 index was basically undisputed as the big A, and the Shanghai stock index was also lagging behind.

From now on, the NSE 50 Index will be the most important market index of Big A. There is no doubt that its status surpasses the Shanghai Stock Exchange Index, whether in fact or in name.

"The market is going crazy next Monday..." Fang Hong seemed to be talking to himself, then turned to look at the beautiful assistant next to him and ordered: "The trillion-dollar stabilization fund will operate in the open market next Monday, and 300 billion will be sold that day. "

Tian Jiayi nodded: "Yes."

Fang Hong has already felt the madness in the market sentiment and atmosphere at the end of today's trading. The short sellers have been completely eliminated, and all funds have been rushing to raise money like crazy. The SGX market has soared by nearly 400 billion at the end of the day. Quantity energy.

Moreover, the SGX market has maintained a record of breaking RMB 1 trillion in transactions in a single market for a week in a row. Fang Hong did not need to check it. It was expected that at this time, there must be a lot of funds that did not listen to the advice and used leverage to engage in OTC capital allocation and ran into the market.

These crazy funds can no longer be suppressed by just a few words, but they must be suppressed. This is when the trillion-dollar stabilization fund comes out to calm the market.

After a while, Fang Hong added: "In addition, let the SGX step up strict inspection of leveraged funds and OTC allocations, and find out how much leveraged funds have rushed in as soon as possible. Next Monday, the stabilization fund will take action and see if it can be done. The market has calmed down, and if it doesn’t calm down, then add more money.”

Tian Jiayi nodded again.

…

Entering the weekend, the news has spread and continues to ferment.

Various media organizations have also reported on it. Keywords such as "Economy is the body, finance is the blood" have been frequently quoted as the headlines of news reports by major media. They have continued to ferment and spread, and investors have also paid attention.

In addition, this weekend also brings good news once again during the weekend.

Just on the weekend of February 24th, Dongwu announced that it would postpone the date of raising tariffs on Dongda products again, and Mao Yizhan ushered in new expectations of easing.

Foreign capital continues to flow into the A-share market in large quantities. In particular, the SGX market has a net inflow of more than 200 billion yuan in five trading days this week. February has already set a new single-month record before it is over.

Supervision encourages insurance funds to enter the market. In a recent interview with the media, the China Banking Regulatory Commission news letter writer stated that the China Banking Regulatory Commission encourages insurance funds to increase their holdings of listed company stocks and participate in capital market investments.

In terms of external markets, global stock markets are also having a great time, sweeping away the gloom of last year. The magnesium stock market has also risen again recently due to expectations of news of easing the Mao-Yi war.

The latest data shows that bond defaults and other phenomena have been alleviated, especially since the Shanghai and Shenzhen stock markets next door continued to decline. One of the reasons for the continued decline was the market's concern that listed companies' goodwill, equity pledges, bond defaults and other phenomena would explode in concentration.

However, since the beginning of 2019, there has been no relevant news in the market.

A number of macro data will be released tomorrow, and export growth is expected to further increase. At the same time, judging from the fact that movie box office has hit new highs since the Spring Festival holiday and tourist attractions in various places are packed with people, analysts generally expect that the consumer market is expected to have a good start this year.

In addition, it is worth mentioning that the property market is still sluggish this year, which makes funds further prefer to invest in the stock market. In the new year, second-hand housing prices in first- and second-tier cities have fallen across the board. Not only are first-tier cities such as New Taipei, Guangzhou, and Shenzhen sluggish in transaction volume, but second-tier cities that have soared last year have also cooled down significantly.

Under this circumstance, funds in the property market are also flowing out and have become a major reinforcement for the stock market.

During the two days of the weekend, the screen was almost full of good news, which was overwhelming.

At the same time, many investors are trying to get money to enter the market to increase their positions during this weekend. Some retail investors even borrow money from a certain treasure to cash out and enter the market. They feel that entering the market now is an opportunity to make money. In fact, this is increasing leverage. Formal and informal, just the degree of leverage is different.

There are even some investors who ask friends to borrow money, claiming that they need it urgently, but actually borrowing money to increase their positions.

…

After the weekend, the time comes to Monday, February 25th.

The A-share market ushered in the first trading day of the new week. Under the intensive bombardment of positive news during the weekend, the three major stock indexes collectively jumped short and opened high.

The SGX 50 Index opened at 5141.05 points, up 1.58%, and reached the 5100-point mark in direct bidding; the Shanghai Composite Index opened at 2838.39 points, up 1.22%, and the Shenzhen Component Index opened at 8804.97 points, up 1.78%.

At 9:00 in the morning, the SGX market opened first, and the SGX 50 Index opened high and moved up, with a large gap and no retracement, and opened directly with volume and went out of the barefoot Yang.

Then at 9:30, the Shanghai and Shenzhen markets opened as scheduled, and also opened high and moved up, with the three major trading markets collectively rushing up. The three main lines on the market were the technology of the SGX market, the big finance of the Shanghai market, and the venture capital of the Shenzhen market. They worked together to soar, and the shorts were completely crushed by the longs without any resistance.

All industry sectors rose across the board, and individual stocks staged a surge in daily limit. More than 500 stocks in the three major trading markets hit the daily limit, of which about 200 stocks in the SGX market hit the daily limit, and only 13 stocks in the three major markets fell.

The most spectacular is the big financial concept. All 42 stocks in the securities sector hit the daily limit, and the securities ETFs have gone through two consecutive daily limits. The insurance sector is also close to the daily limit today. The banking sector has also risen by more than 8%, and the main sector indexes of the Shanghai and Shenzhen stock markets have risen by more than 5 percentage points.

At this moment, the entire A-share market can only be described as "crazy".

The weakest rise today is the SGX 50 Index. The market index of the Shanghai and Shenzhen stock markets next door has already rushed to 5 percentage points in the afternoon, while the SGX 50 Index has only risen by about 2.5 percentage points.

Because the SGX trillion stabilization fund is stabilizing the crazy bulls in the market, it has been selling wildly to release selling pressure. The stabilization fund not only collectively releases selling pressure on the six SGX 50ETFs, but also on other stocks.

But even so, the strength of the bulls today exceeded Fang Hong's expectations.

The trillion-yuan stabilization fund has released tens of billions of selling pressure one after another, and the market can actually take it!

A wave of selling pressure of tens of billions of funds was released instantly, which only smashed the volatility of the New Certificate 50 Index by about 0.5 percentage points, but did not trigger funds to follow suit and smash the market. Instead, it was taken up by the off-market funds that rushed into the market, and then quickly rebounded.

The stabilization fund had to continue to release the selling pressure, otherwise the time-sharing line would not be able to hold it back and go up all the way.

As time went by, until about 14:37 in the closing, the planned 300 billion selling pressure of the trillion-yuan stabilization fund was fully released. Since Fang Hong did not receive the latest instructions for additional selling pressure, the stabilization fund chose to stop after releasing 300 billion.

And no one could hold the New Certificate 50 Index back anymore, and it broke through the +3.05% water level in the closing and went up all the way...

Today's bulls have gone completely crazy.

...(End of this chapter)