My Fintech Empire

Investors in the A-share market are used to this. They have long felt that it is reasonable for the SGX market to be stronger than the two neighboring markets. It would be unfair if it is not stronger than the two neighboring markets.

After the market closed today, the popularity index of Xingyu Technology's stock remained high. Although the stock did not hit the daily limit today, it closed up +8.79%, and the stock price closed at 48.50 yuan. The market value soared to 13.35 trillion, setting a historical high.

The trading volume of this stock today also hit a huge 172.2 billion, directly exceeding the trading volume of the entire Shanghai Stock Exchange. The trading volume of the neighboring Shanghai Stock Exchange today was 162.5 billion, which shocked countless stockholders.

At this moment, the market closed, and the comment area of ​​Xingyu Technology's stock bar was still very lively, with all kinds of worship on the screen.

[Wow, it hit a historical high again...]

[Holding this stock is really living in fear of rising prices. The market value is 13.35 trillion, which is equivalent to about 11% of last year's GDP. ]

[Converted to US dollars, it is about 1.92 trillion. It seems that Xingyu Technology is still the first stock with a market value of over 2 trillion US dollars. If it were not for the depreciation of the exchange rate, it would have broken 2 trillion US dollars long ago. ]

[The depreciation of the RMB exchange rate is really incomprehensible. Foreign capital is pouring in, but the foreign exchange market is not strong. ]

[This company is really terrifying. The market value is 13.35 trillion. I just took a look at the price-earnings ratio, which is only 37 times. I remember that it soared to 80 times last year. At that time, the market value was not even 10 trillion. Now the market value has reached a new high, but the price-earnings ratio has been reduced by more than half...]

[I can only say that Xingyu Technology is so terrifying! ]

[It is normal for the price-earnings ratio to decline. Last year, Xingyu Technology MIX was a big hit. The STAR5 smartphone king returned, and two big and small kings were blasted out, and the performance doubled. ]

[According to the annual report data in April, Xingyu Technology's net profit reached an astonishing 360 billion yuan. This is net profit, and the revenue reached a terrifying 1.632 trillion yuan. ]

[The STAR6 mobile phone and MIX2 head display released last month also sold well. ]

[Super looking forward to Xingyu Technology's new energy vehicles, most likely another king bomb, the big move that has been held back for so many years, it must be a king bomb! ]

[Newbie Xiaobai asked a question, does anyone know what happened from February to March 2013? How could Xingyu Technology's stock price fall to the limit for 18 consecutive times at that time? Or 17 consecutive limit falls. ]

[You don't know this? It seems that you are really a newbie. ]

[To put it simply, it was a targeted explosion and harvest of Wall Street capital by God K. Not only Xingyu Technology, but also the concept stocks of the galaxy that were listed at that time all hit the limit down for 18 consecutive times. If you want to know more, just search online...]

[When I talk about this, the dead memories come alive again. At that time, the price hit 1.14 yuan. I risked my life to buy it at the limit up that day. Later, it hit the limit up for nine consecutive times, but I only got 36 points and left. I sold it at a loss at that time. Now I see 48.50 yuan and I am even more sad. How great it would be if I held it until now...]

[There are only two possibilities for holding the price of 1.14 yuan until now. One is that I went in and stepped on the sewing machine, and the other is that I forgot my stock account password. ]

[Those who sold at 1.14 yuan really broke their thighs. ]

……

In the comment area of ​​the stock bar, the stockholders who participated in the discussion gradually started the nostalgia killing mode with a hot post, and the full screen of replies were full of emotion.

Xingyu Technology landed on the A-share market in December 2012. It has been six and a half years since its listing, with an issue price of 2.54 yuan per share. At that time, it landed on the A-share market with a valuation of 700 billion yuan. As of today's latest closing price, the cumulative increase has reached +1809%. With a market value of 700 billion yuan as the base, it has increased by 18 times in just six and a half years.

If it was the year when Xingyu Technology was listed, no one except Fang Hong would have dared to think that the company could reach a height of more than 13 trillion yuan in more than six years, not even Qin Feng dared to think about it.

During that period in February 2013, Xingyu Technology fell to the limit for 18 consecutive days. Counting the subsequent ground-to-sky board, it should have fallen to the limit for 19 consecutive days during the trading session. The stock price fell all the way to 1.14 yuan, and the market value fell to 313.9 billion yuan.

Today, the market value of Xingyu Technology has soared to 13.35 trillion yuan. The market value at the lowest point more than six years ago is not even a fraction of the current market value.

Many old stockholders who came from that time were filled with emotion when they saw the historical lowest price of 1.14 yuan for this stock, and then looked at the current closing price of 48.50 yuan. They felt incredible and dreamlike.

If calculated according to the historical lowest price, if someone bought the bottom at 1.14 yuan and held it until now, it would bring him a +4154% return on investment.

What is even more amazing is that the return on investment of the listed subsidiaries of Qunxing Star is quite amazing without exception, and ten-fold stocks are everywhere, and the star-level corporate giants in Qunxing Star, such as Xingyu Technology, Matrix Quantum, Jiuzhou Blue Arrow, and Yixing Video, have a return on investment of dozens or even hundreds of times.

It can be said that in the past ten years, anyone who bet on Qunxing Star in the primary market has made a lot of money without exception, and in the past five years, anyone who invested in the listed companies of Qunxing Star in the secondary market has also made a lot of money.

…

Xincheng, Jingxinju Villa.

Fang Hong is reading several documents and reports at the moment. One is about the new delisting regulations. It has now been finalized. The new regulations will be officially implemented on Monday, July 1st.

The 1,676 listed companies currently listed on the SGX market are required to sign a supplementary agreement. Because this new regulation is to be implemented, it is difficult to hold accountable the existing legal provisions, but it is not impossible, and it is not necessary. Go to war against the law.

Just follow the contract law and that's it. There are laws to follow, and this is the case with agreement supplements.

After the new regulations are implemented, all companies registered and listed on the SGX market must sign this agreement. Companies already listed on the SGX market will also need to sign a supplementary agreement. Listed companies can also refuse to sign the agreement, but do not sign. Many companies were forced to delist on the grounds that they did not comply with the new regulations.

Given choices, but not many.

Either sign or quit, there is no third option.

"Of the 1,676 listed companies, 1,661 are willing to sign, but these 15 refuse to sign?" Fang Hong said and looked at Tian Jiayi. When the latter nodded, Fang Hong looked at the materials again and said to himself: " Among them, 9 are in ST status, including 3 with *ST, and the other 6 have not been ST yet..."

The SGX market has been open for more than three years. Among the 1,676 listed companies, a total of 13 stocks have been ST-listed. Among them, 5 ST-shares have been "decapitated" successively, including those that were "sacrificially sacrificed" at the beginning. WeChat has also been out of service for a long time.

However, no company has been delisted from the SGX market so far.

There are currently 9 listed companies in ST status, and they are also the 9 companies that have been refused to sign the supplementary agreement. These listed companies are not the batch of 2016. The batch of companies listed in 2016 were all carefully controlled by Fang Hong, and there are currently no problems. .

After a moment, Fang Hong nodded: "The proportion of problem companies is less than 1%, and the control of the defective rate is still very good."

All registered and listed companies have no problems at all. This is obviously unrealistic. Fang Hong also allows the review team to make mistakes. As long as there are no violations or insider operations, it is normal to have some defective rates.

Finally, Fang Hong made a decisive decision: "Since these 15 companies refused to sign the supplementary agreement, there is nothing to say. Let these 15 companies become the first batch of companies to be forced to delist since the opening of the SGX. The new regulations will be implemented soon." Delisted.”

…