My Fintech Empire

Fang Hong's growth forecast for the next decade of the Qunxing Group mainly has two directions.

One is that the hegemony of Amei will collapse and disintegrate. If Amei falls, Qunxing and even the entire Dongda will be able to eat their fill. In fact, from Amei's point of view, Amei also thinks so. If he harvests Qunxing and even Dongda, Amei can also eat their fill and continue to be carefree for 20 years.

The other direction is technology. The specific directions of technology are artificial intelligence, virtual world, and space exploration. In particular, space exploration will usher in a big explosion in the second decade.

For these two major directions, Fang Hong must of course grasp both hands and both hands are strong.

At present, it is a high probability event that Amei will fall and hegemony will fall and then eat their fill. Amei's unipolar world hegemony will hardly survive the next ten years.

For the future of Amei Lika, the best outcome is to hand over the hegemony, then roll back to North America and honestly become a regional power, and no longer be able to interfere in the affairs of the Eurasian continent. It can toss around in North America as it pleases, and the US dollar is naturally no longer the world currency.

This is the best outcome for Amelika, and the worst outcome is that Ameli splits up and the United States becomes a divided nation.

The East rises and the West falls, and the East returns to the top of the world again. This is the most certain trend in the 21st century.

…

Wednesday, March 18.

After the golden needle bottoming trend appeared on Tuesday, the SGX 50 Index opened higher today and showed a strong state during the morning trading hours. The SGX 50 Index once rose by more than +1.76% during the session, regaining the 5,800-point mark, and the highest attack reached 5,806.94 points.

But the good times did not last long. Just a few minutes after the SGX 50 Index regained the 5,800-point mark at around 11:33, the major market software had just pushed this news, and the market trend suddenly took a sharp turn downward.

The three major A-share indexes collectively turned around and plummeted because the external market collapsed again.

The three major stock index futures of Beijing Magnesium have plummeted again, triggering circuit breakers. Circuit breakers have become a daily routine in Beijing Magnesium's capital market.

An important factor that triggered the circuit breaker of magnesium valuation futures is that the international oil price also collapsed today, once again hitting a new historical low. The price of WTI crude oil futures has fallen from yesterday's closing price of US$26.95/barrel to today's US$20.37/barrel, a daily plunge of -24.41%.

International oil prices have been halved since March 6, with a cumulative decline of more than -55%. The cumulative decline this year has fallen from US$65.65 to a cumulative decline of -68.97%.

Investors in crude oil futures are everywhere, and there are corpses of bulls lying everywhere.

However, this is just the beginning?

As a time traveler, Fang Hong knows that the appearance of magnesium in the West is as ugly as it can be, and it will directly drop to a price of -40 US dollars/barrel.

At this moment, oil production is still increasing rapidly, but consumption is far less than output. There is no place to store the extracted crude oil, which is also a key inducement for the oil price to fall to negative numbers in the coming April.

There is more bad news. International oil prices have collapsed again. External news also reported that Bridgewater Fund had a liquidation, which ignited another panic point.

Bridgewater Fund's risk assessment strategy mainly uses the seesaw principle of stocks and bonds. Generally speaking, if stocks rise, bonds fall, and vice versa, if stocks fall, bonds rise, so it can achieve the effect of drought and flood guarantee.

However, now because of the sharp contraction of market liquidity, while stocks plummeted, bonds were also sold at the same time, so a situation of double killing of stocks and bonds was formed, and the original drought and flood guarantee strategy turned into a blood loss on both ends.

Moreover, this strategy also requires volatility to be maintained within a certain level. In the past few years, the market volatility was low, and the fund bought a lot of stocks, but now the stock price has plummeted and the volatility is extremely severe, so it has to sell stocks to reduce the volatility of the portfolio, which further aggravates the decline of stocks.

It is becoming increasingly difficult to raise short-term funds. Everyone is losing money. Where can they get money? Even those who have money are holding on tightly. Even if they can raise funds, the cost is very high, and they can only sell assets, which will further aggravate the decline in asset prices.

In addition, in the current situation where everyone is in panic, funds are still facing the pressure of redemption. When there is a large redemption, they still have to sell, and asset prices will continue to fall.

In short, these reasons have formed a vicious cycle. Even if Bridgewater Fund does not explode, it will not be able to escape huge losses.

It is rumored that Bridgewater Fund exploded. Bridgewater alone is definitely not enough to shake the market and cause a circuit breaker, but this matter is a huge explosion point that ignites panic. If Bridgewater explodes, what about other funds?

Have other funds exploded? Or are they about to explode? Or have they exploded but there is no news yet?

Even if it didn't explode originally, everyone is panicking and chooses to withdraw, which leads to a sharp drop in asset prices, and then really triggers the explosion of other funds, making it an established fact, and then continuously strengthening the feedback of the vicious cycle, causing the market to trigger circuit breakers again.

More and more investors believe that the reason why the Mg Fed continues to release big moves is not to kill a chicken with a butcher knife, but to see the real monster. If this is really a financial crisis, then the real crisis is still on the way.

At 15:00 in the afternoon, the A-share market closed, and the three major stock indexes closed down. The SGX 50 Index fell by -2.74% to 5549.82 points; the Shanghai Composite Index fell by -1.83% to 2728.76 points, and the Shenzhen Component Index fell by -1.70% to 10029.57 points.

The three major trading markets had a total transaction volume of 1838 billion, of which the SGX market had a transaction volume of 1001 billion.

…

In the afternoon, Tian Jiayi came back from the headquarters of Qunxing, and Fang Hong was listening to her report: "The liquidation plan of the SGX market has completed 80% of the turnover target, and the center of gravity of the SGX 50 Index has also moved up to 5650 points."

Fang Hong nodded: "Yes."

Tian Jiayi continued: "The cumulative increase in holdings of the stabilization fund has reached 1.55 trillion, and the cumulative repurchase funds of the listed companies of the Qunxing system have reached 1.87 trillion."

At this time, Fang Hong turned his head and glanced at the screen next to him, which showed the K-line trend chart of the SGX 50 Index. He stared at the market trend and said: "The liquidation and turnover plan has been completed fairly well. It went smoothly and did not deviate from the planned trajectory. Tomorrow should be the last drop, falling out of the historical bottom of the next ten years. "

Fang Hong retracted his gaze, looked at the beautiful assistant and ordered: "Give a call to the National Social Security Fund and suggest increasing the holdings of the New Securities 50 Index. As for whether to increase holdings or how much to increase holdings, we will not suggest it, let them decide for themselves. "

Tian Jiayi nodded: "Well, OK."

Fang Hong added: "Also notify the wealth fund team under Qunxing that the third phase of the wealth fund fundraising plan can be launched. The target scale of the third phase of funds raised is 3 trillion, in preparation for the New Securities 50 Index to hit the 10,000-point mark in the future market."

……