My Fintech Empire

At 9:30, the Shanghai and Shenzhen stock markets opened as scheduled. The securities sector, which hit the daily limit yesterday, opened 2 percentage points higher today and quickly rose 5 percentage points at the opening, but fell back after 10:30.

At about 11 o'clock, the securities sector fell back to +0.5% and a lot of funds were washed out.

Half an hour later, the Shanghai and Shenzhen stock markets closed in the morning.

At about 12 o'clock, major market software pushed news:

[The increase of the New Securities 50 Index expanded to +1.57%, regaining the integer mark of 6,600 points, and the current turnover of the SGX market exceeded 800 billion]

At about the same time, major market software pushed a message about China Nuclear Shipbuilding again. At 12:03, the stock price rose to 16.41 yuan, with an increase of +9.99% and a daily limit, breaking out of the nine-day market, and the market value scale was pushed to a new high of 541.53 billion.

This stock is constantly opening up space heights, and such a trend has stunned countless stockholders. The market value of the issue listed on June 9 was 136.5 billion, which nearly tripled in about a month. It is not difficult to say that the market value of several billion has soared, but the key is that such a large stock has nearly tripled.

Some investors who won the lottery sold it at the high on the first day of listing, and now they are also slapping their thighs and swollen. They have definitely sold the leader.

During the noon break of the Shanghai and Shenzhen stock markets, a large number of good news were demonstrated. Cailianshe Telecom's news flashes were pushed one after another, and the small windows of major market software popped up from time to time.

First of all, a powerful source broke the news that the SGX market may have major moves, and the A-share market will once again usher in the T+0 era. The reason why it is "once again" is because the A-share market implemented the T+0 system for a period of time in the early days of its establishment in the 1990s.

This news is definitely a big positive for the securities sector.

Soon after, the third phase of the Wealth Fund also released new news. The plan to raise 3 trillion yuan in the third phase was successfully completed. The third phase of the wealth fund under Qunxing Star was regarded as the third large-scale "resident savings migration", which was also a positive market.

Then there was good news for the securities sector. The GEM will also implement the registration system. The neighboring village really wants to do this, because the GEM has almost been abandoned by the market at this time, and there are penny stocks everywhere.

Moreover, investors in the A-share market have long kicked the GEM index out of the "three major stock indexes". Now the three major stock indexes of the A-share market refer to the New Securities 50 Index, the Shanghai Composite Index and the Shenzhen Component Index.

When the news that the GEM will implement the registration system came out, the stockholders of the A-share market were still quite looking forward to it, because they all thought that the village wanted the GEM to copy the registration system of the SGX market. After all, it was a ready-made homework, and it would be done by copying the homework directly.

The SGX market has now entered its fifth year, and its great success is self-evident. It has now returned to the 6,600-point mark. According to this trend, it is expected to hit a new historical high in the second half of this year.

Over the years, both issuers and investors in the SGX market have been very satisfied.

Stockholders thought it was like this, but in fact, the registration system for the GEM in the next village is not the same as the registration system in the SGX market. However, the market thought it was basically the same as the SGX, so it was regarded as a major positive.

Not long after, another piece of news that was good for brokerages came out. A source broke the news that an aircraft carrier-class brokerage was coming, and Zhongxin Construction Investment and Zhongxin Securities were going to merge.

Among a series of good news, the news that was good for brokerages accounted for more than half.

All of a sudden, the entire market sentiment immediately rose.

…

At 13:00 in the afternoon, the Shanghai and Shenzhen stock markets opened, and the securities sector directly exploded and started a short squeeze. The funds that had been sold off in the morning were now chasing back. The securities sector once again set off a daily limit wave, and led to the strengthening of concepts such as insurance, banking, and futures.

The most popular leader in the securities sector is Guangda Securities, which has recently gone through four consecutive daily limits. Looking back, this stock has actually started to exert its strength since June 19. The current cumulative increase has reached 90 percentage points. There is a high probability that it will continue to double the increase on Monday next week.

As time goes by and the news spreads, off-market funds are accelerating their inflows, and even start to run into the market.

At around 14:50, the securities sector once again reached the daily limit, and the securities ETFs directly reached the daily limit for two consecutive days. The last time the securities sector reached the daily limit for two consecutive days was in February 2019, when the A-share market also ushered in a small bull market. Now the entire market is full of the high sentiment of a comprehensive bull market.

As of the close, the three major A-share indices closed up today with large volume. The Shanghai Composite Index closed up +2.01% at 3152.81 points, reaching a new high this year. The Shenzhen Component Index closed up +1.33%. The trading volume of the Shanghai and Shenzhen markets further increased, reaching a trading volume of 1171.6 billion today.

The SGX 50 Index once again walked out of the long positive line with a bald head and bare feet, closing up +2.06% after the market to 6637.74 points, and the trading volume of the SGX market increased significantly to 1233.6 billion.

Today, the total trading volume of the three major A-share trading markets reached 2405.2 billion, maintaining a volume of 2 trillion for two consecutive trading days, and further increased by more than 200 billion compared with the previous trading day.

The most beautiful trend is the SGX 50 Index. In the past three trading days, there have been three long positive lines with high opening and three upward gaps. The bulls are undoubtedly strong. Today's positive line also filled the huge gap on March 9th.

With the current bullish trend, the SGX 50 Index is very likely to break through the historical high of 6794.27 next week. Investors from all walks of life are generally optimistic about this and basically believe that it is expected to reach a historical high.

…

"Fuck, it's coming, T+0 is really coming!" Shortly after the market closed, a retail investor of A-shares saw the content of a quick news push through the market software and was shocked. After reacting, he was immediately excited.

The push message was a report from the Securities Daily. Many financial media also quoted the report. Ten minutes after the market closed, the SGX market announced a document on "Opinions on Adjusting the Trading Rules of the SGX Market".

The core content of this draft opinion is to adjust the current institutional T+3 and individual small and medium-sized investors' T+1 trading mechanism in the SGX market to institutional T+1 and individual small and medium-sized investors' intraday single T+0 new rules.

A big positive indeed!

This is definitely an epic and big positive for investors in the A-share market. There are so many good news today, but none of them are as important as this one.

Because in the current A-share market, whether it is compared from the liquidity, market value, participating players and other indicators, the SGX has already become the mainstream in fact, and the market index that everyone is talking about now is the default SGX 50 Index, not the Shanghai Stock Exchange Index.

Now all that is missing is to remove the word "pilot".

The SGX market has such a big news, which must have touched the heartstrings of the entire capital market. Once this "draft opinion" was released, it immediately went viral in the stock investor circle, and almost everyone was discussing this matter after the market closed.

Those who hold securities stocks are very excited. This news is undoubtedly good news for securities companies. Once implemented, the daily trading volume of the SGX market will not be less than 1 trillion in the future, and trillion-dollar trading will become the norm in the SGX market from now on.

The sharp surge in trading volume will not only increase stamp duty, but also the commissions, transaction fees, and channel fees charged by securities companies will rise accordingly. This is really good news for securities companies.

…(End of this chapter)