My Fintech Empire

The turnover of the SGX market near the end of the trading session exceeded RMB 1 trillion. Compared with yesterday's massive volume increase of nearly RMB 400 billion, the increase of the SGX 50 Index also expanded to 3 percentage points, which also made up for the downward jump on May 6. Vacancy.

The majority of investors are becoming more optimistic about this market, and their confidence has been boosted again. The large-volume transaction data is the best intuitive reflection.

As of the close of trading, the SGX 50 Index closed at a gain of +3.32% to 5282.50 points. The SGX market had a turnover of 1.0284 billion throughout the day. Compared with the recent bottom of 4875.15 points, the cumulative rebound has reached +8.35%.

On Thursday the next day, the NSE 50 Index closed up another +0.89%, closing at 5329.67 points after the market closed, regaining the 5300-point mark. In the following week, the SGX 50 Index fluctuated sideways around the 5330-point water level.

Fang Hong has also been paying attention to the "little composition" in the market recently. Recently, due to the new delisting regulations in the SGX market, several listed companies that refused to sign supplementary agreements were very happy.

Yiou shares and other 15 stocks have unexpectedly exceeded the eight-digit daily limit in the past eight days. The stock price has been cut in half and has not yet been released. The stock price that has not been hit by ST is 10 percentage points, and the stock that has been hit by ST has dropped by one limit. It is -5%, and the cumulative decline after 8 drops has exceeded 33 percentage points.

Although ST stocks fell relatively little, it only took more time to double the limit.

People who hold these stocks, especially those who play Yiou shares in the short-term, regret it. If they accidentally step on the thunder, the price will be cut in half.

In these eight days, the 15 listed companies that refused visas increased their exposure, and as a result, some scandals were discovered and spread quickly on the Internet. The company exploded in advance.

Some of the revelations are true, but more are true and false news flying all over the place.

…

Friday, June 28th.

Two hours after the market closed in the afternoon, Fang Hong called Tian Jiayi to his side and said: "Say hello to the SGX, and at the same time, say hello to the major Internet platforms under the Galaxy Group to severely crack down on small businesses in the stock market. composition."

Fang Hong added: "These Internet platform channels, such as WeChat Moments, official accounts, Weibo, Yixing Video, Toutiao, Douyin short videos, etc., can no longer allow stock market essays to run unchecked."

Tian Jiayi nodded.

Obviously, it is impossible to ignore this matter, because it has begun to affect the SGX market. If it is only played in the two neighboring markets, Fang Hong will not bother to deal with it. But it goes without saying how important the SGX is. This is to compete with magnesium stocks. Now that it has begun to spread to this place, Fang Hong cannot tolerate it.

Compared with the common stock market rumors in previous years, the current "stock market essays" appear to be clear and serious, and are very deceptive and confusing. Even some professional institutional investors have difficulty distinguishing between true and false, let alone Talking about some retail investors, if they are spread and fermented through new Internet media such as Moments, Weibo, headlines, short videos, etc., it is easy to quickly stir up waves and trigger the butterfly effect.

Today's stock investors are basically netizens, and the influence of many new Internet media platforms is increasing, and the speed of information dissemination and fermentation is calculated by hours or even minutes.

Technology is a double-edged sword. Matrix Quantum promotes the development and popularization of AI technology, but some people use emerging technologies to start going astray.

Nowadays, with the support of AI technology, the threshold for generating "essays" has been greatly lowered. One-click sketch generation and intelligent batch production of "essays" are the biggest difference from traditional stock market rumors and have a huge impact. Also amazing.

With the support of AI technology, you only need to set a few keywords to generate an "exclusive inside information" that looks rich in content but is actually non-existent with one click. The time cost and economic cost are almost negligible.

Every appearance and reversal of rumors disrupts normal transactions, shakes investor confidence, and undermines market order.

Some good companies posted "little essays" that caused their stock prices to plummet, and they also spent time and energy explaining themselves to the market and litigating to defend their rights. The purpose of problem companies and illegal profit-making is simply to facilitate pump-and-dump shipments, price-raising, and use small compositions to stimulate the rise and fall of stock prices, thereby manipulating stock prices.

Investors often have the attitude of "rather trusting what they have than trusting what they don't have" and can easily fall into a trap.

At this moment, Fang Hong paused for a while and said: "Artificial intelligence technology is developing at a rapid pace. It is true that technology is a double-edged sword, but technology itself has no position and no right or wrong. The key is who uses it and how to use it. To crack down on small compositions, it is better to The one who untie the bell is the one who ties the bell, and defeats the magic with magic.”

After thinking for a moment, Fang Hong added: "There are so many high-tech companies under Matrix Quantum and Galaxy Group. We must work together this time to promote the application of big data as soon as possible, and use new technology tools such as AI and blockchain to strengthen our understanding of The ability to search, track and capture capital market information will open up full-link cooperation with the SGX to increase identification and crackdown efforts.”

…

Fang Hong made a final decision on this matter, and the speed of handling it was really fast. The major Internet platforms under the Group Xingxing received the news and learned that this was an instruction that Fang Hong paid attention to and made personally. It was indeed more important than ordinary matters. If it's a few steps up, the people at the bottom will take priority.

Two days later, on the weekend evening of June 30, the SGX issued a heavy announcement, which was the governance measures for "stock market essays".

It did not attract much attention that night, but at about eight o'clock the next morning, major media, especially Internet new media, began to quote and report the SGX announcement information, which quickly spread the news.

When the majority of investors saw the news, they basically supported it overwhelmingly.

According to the SGX announcement information, once a "stock market essay" is discovered, the interest chain and industrial chain behind the scenes must be unraveled, and a heavy blow must be struck, and no tolerance should be given. All kinds of behaviors that use technology, information, shareholding and other advantages to disrupt the market and make illegal profits must be closely watched and hit as soon as they appear.

The news from last night quickly spread this morning and was seen by the majority of investors. There is another important factor, that is, Fang Hong posted a dynamic on his Weibo account in the morning.

Fang Hong forwarded the announcement released by the SGX last night. While forwarding and liking it, he also publicly criticized the Internet platform under the Qunxing Star System.

【The flood of small essays in the stock market has many reasons. The lack of effective control of these Internet platforms such as Toutiao, Weibo, Moments, WeChat, Douyin, and public accounts is one of the many reasons. The attitude of indifference or indifference has played a role in fueling the situation.

Platforms should take responsibility. Large platforms should take big responsibilities and take the initiative to establish a set of efficient full-process work norms for monitoring, discovering, and handling rumors in combination with new technology tools. Timely update technical means to accurately identify rumors and stop them, nip rumors in the bud, and cut off the information dissemination chain and interest chain of "small essays" from the source. 】

……(End of this chapter)