My Fintech Empire

SGX has just released the "Draft Opinion", and it has become a hot search in less than an hour. This shows how much attention people pay to this matter, and also shows the huge scale of A-share investors.

In addition, another search term has become a hot search, "Is the bull market coming?" This keyword is also soaring rapidly. It has now reached the 12th place on the hot search list. I believe it will soon be in the top ten of the hot search list.

Is the bull market coming?

This question must be what countless people want to know most.

Now, both inside and outside the circle are paying attention to the capital market, and investors are discussing the new "T+0" regulations of the SGX market.

In a stock exchange group, an old stock investor with more than 20 years of experience was also participating in the discussion. He sent a message in the group chat: [Although it is a single T+0, I am still a little surprised that the A-share market can take this step. In fact, T+0 is very difficult to achieve in the A-share market, and the resistance is unimaginable, because domestic retail investors are much smarter than foreign retail investors. Institutions are really afraid that they can't beat retail investors. Of course, this also explains the preciousness of the SGX from another level. ]

He sent this message to the group, and soon a group member discussed: [Institutions are afraid of retail investors? You are bullshitting. In 1993, when the A-share market implemented T+0, retail investors lost all their money. ]

Seeing this message, the old stock investor immediately sent another message: [Did they lose all their money at that time? It's nonsense. The Shanghai Composite Index doubled in those years, and retail investors didn't have computers. In a real bull market, both retail investors and institutions made money, but T+0 drove up the cost of institutional holdings. ]

This old stock investor continued to edit the text and sent it to the group: [Later, the bull market ended. Retail investors who were small and easy to turn around ran too fast and all escaped. Have you heard of retail investors who complained about losses in those years? Or have you heard of retail investors who jumped off buildings because of stock speculation? ]

The old stock investor quickly sent a message: [Institutions could not completely get out and could not get out. They suffered heavy losses from retail investors and then changed to T+1. I entered the market at that time. I have experienced it and remember it clearly. You can look at the historical trend of the Shanghai Composite Index T+0 in those years. The decline at the end of the bull market was very slow, and there was no straight-line diving phenomenon. Why? Because institutions could not completely ship out. If you don’t believe it, you can ask the old stock traders in those years. ]

After a while, another group member sent a message to comment: [In fact, it is very simple to distinguish. It is easy to get the result by reverse thinking. Assuming that T+0 is so easy to harvest retail investors, why are domestic institutions and large funds afraid? Shouldn’t they strongly support it? Another reason, why are domestic institutions afraid and don’t go to Wall Street to harvest? ]

Another group member sent a message: [Indeed.]

The old stock investor also sent a new message soon: [In fact, the SGX is pretty good now. I am not saying that retail investors must use T+0, but you can see that the two markets next door have a refinancing system that allows institutions to cash out T+0, while retail investors still use T+1. It is simply against the will of heaven. Institutions also want to attack retail investors at the information level. Can you win in such a place?]

Another group member participated in the discussion: [Indeed, I bought a new certificate 50ETF on the SGX in the past two years and made steady money. I also opened a new account and took some funds to play in the two markets next door, but I still lost money. I can't win at all. The institutions in the market next door are fully armed, with all kinds of short selling, bridge reduction, and three delivery dates once a month, which is even more powerful than the three-month period of Lao Mei. ]

After a while, a retail investor also expressed his opinion in this communication group: [Convertible bonds are T+0, you can try it, I guarantee you will lose everything]

Another group member: [Convertible bonds have no liquidity, they cannot be compared.]

The previous retail investor immediately followed up: [How much money do you have as a small retail investor? Do you still need to consider liquidity?]

A moment later, a convertible bond player came out to join the discussion: [Although I made a lot of money on convertible bonds in March this year, compared with the underlying stocks, the liquidity of convertible bonds is really not good. In fact, hundreds of thousands of retail investors can easily affect the intraday trend of a convertible bond. There are also many retail investors in the convertible bond market, but there is no liquidity. The suspension is too severe. Those doctoral and master's degree holders in institutions are just talking nonsense and dare not play with retail investors in real life. After their large funds come in, they will definitely not be able to get out. ]

Another group member sent a message: [To be honest, the retail investors who are still active in the two neighboring cities and have not been killed by the market are all very cunning. It is amazing to be able to survive in such a place, and those who can make money are even stronger. ]

…

After the news was announced, judging from the subsequent feedback, almost all of them supported the new regulations.

On the weekend, a series of good news was released intensively.

The National Bureau of Statistics released the economic data for the first half of this year. The national GDP scale in the first half of the year totaled 76.81 trillion yuan, with a year-on-year growth of +15.28%. Such an astonishing growth scale is far ahead of the rest of the world, which can be said to be a discontinuous lead.

From the growth curve, it has obviously accelerated in the second quarter of this year, mainly due to the boost on the export side. One reason is that the impact of the black swan has caused almost all of the world except Dongda to stop production and have to come to Dongda to purchase goods. The other reason is that the export products in the second quarter have followed the price increase.

The authoritative export data for July was also disclosed during the weekend, which can be regarded as mutual confirmation. Moreover, judging from the specific data on the export side, integrated circuit chips have indeed become the largest export category.

Such growth data is nothing short of astonishing. Not only did it scare those who study the economy in the mainland, but the so-called economists who study the economy in Europe and the United States called it unbelievable and incredible.

Although it was expected and prepared, it was still shocking when the final authoritative data was disclosed.

With such a large scale, Dongda can still create such a terrifying economic growth capacity, which is simply a miracle that is difficult to replicate in economic history.

At present, Dongda has spared no effort to promote industrial transformation and upgrading for so many years. Now it has finally reached the harvest season, which is directly reflected in the form of strong economic growth. The proportion of technological content of export-end technology products continues to increase, and the proportion of high value-added products continues to rise. The competitiveness is a visible surge.

These will be directly reflected in the capital market, reflected in the soaring stock prices of related listed companies. To put it bluntly, the New Securities 50 Index will continue to rise, and the fundamental support is strong enough.

In recent years, powerful technology companies, big and small, have almost all chosen to register and list on the SGX.

…

After the weekend, it is Monday, July 6.

Today, the A-share market welcomes the first trading day of the new week.

The SGX market took the lead in launching the call auction half an hour later. At 8:45, the SGX 50 Index jumped up 2 percentage points and is still slowly pushing up.

At this moment, the off-market funds can no longer be said to be running into the market, but rather sprinting into the market. The funds are afraid of being a beat slower, because they may miss a daily limit.

The call auction stage has already shown the madness of the bulls.

There is no need to say much about the recent positives. Capital is profit-seeking and human nature is crazy. If we want to say what the biggest positive is, it is not that the SGX market wants a single T+0.

The money-making effect is the biggest positive. There is money to be made, and funds are running into the market and sprinting into the market.

At 8:55, the SGX market call auction ended. When everyone saw the opening price of the SGX 50 Index today, they were crazy.

…