My Fintech Empire

Tian Jiayi then reported several other key data: "In 2020, the total IPO financing of 313 listed companies in the SGX market was 176.5 billion yuan, the total refinancing was 252.2 billion yuan, and the total financing and refinancing was 428.7 billion yuan."

There is no harm without comparison. The new stocks listed in the two neighboring cities this year surpassed the SGX, with 399 companies listed, more than the SGX market, and the total IPO financing was 476.6 billion yuan, setting a 10-year high.

The total IPO financing alone is higher than the IPO financing and refinancing of the SGX market.

The refinancing amount of the two neighboring cities for the whole year was an outrageous 1.71 trillion yuan, that is, in 2020, the listed companies in the two neighboring cities took more than 2.18 trillion yuan from the capital market, which is real money.

From these data comparisons, it seems that the financing capacity of the SGX market has been killed by the two neighboring cities.

But the truth is, it is not that the SGX's financing capacity is inferior to that of the two neighboring markets, but that issuers registered and listed on the SGX dare not ask for money from the market at will.

You can feel happy when you ask for money, but if you take too much and finally delist the listed company, you will have no place to cry when the delisting compensation is initiated, and you will really lose everything.

Therefore, in the SGX market, issuers are very cautious about IPO financing and equity refinancing of listed companies.

Many times, investors are willing to give more, but issuers are unwilling to take more, because if they take more money, the risks in the future will also increase sharply. The principle of issuers is to take more money regardless of the market.

On the contrary, issuers in the two neighboring markets take as much as possible and try their best to take more. When the company goes public, the stock price is set at 500 yuan or 1,000 yuan, and 100 million yuan of financing is enough, and they are eager to raise 10 billion yuan.

Why is this so? Because there is no need to pay for delisting, there is almost no loss after delisting, so of course the more financing the better. In the eyes of the issuer, the company's stock is like toilet paper, not even as valuable as toilet paper, but it can be exchanged for hundreds of millions of real money.

After the money is raised, the performance immediately changes, and then the stock price plummets. After delisting, it will be replaced with a new skin in a few years and repeated again. Let the institutions take over, and another round of leeks can be continued. After a few years, it will be repeated again. It's a great deal. How fast and easy is the money...

However, the good days of this group of financial rentiers have entered the countdown. Now there are no retail investors to take over. They rely on the funds subscribed by fund investors to take over, and rely on those active mixed funds to hold a part of the stocks in the SGX market to keep the net value growing and hedge the indirect blood sucking, and the other part is taken to the next door to take over the high-priced junk stocks.

With the implementation of the reform of the SGX market next year, the blood-sucking tube in this market will be pulled out, and the current game of those financial rentiers will not be able to continue.

At this moment, Tian Jiayi looked at the file data and said: "In 2020, the overall net inflow of foreign capital in the SGX market reached 4.17 trillion yuan, with an average daily net inflow of more than 17.1 billion yuan. As of today's closing, the total market value of foreign capital holdings in the SGX market was 7.23 trillion yuan, accounting for 6.77% of the total market value of the SGX market."

This data has already shown the attractiveness of the SGX market to global capital. Compared with the previous year when the SGX had not yet opened up to foreign capital, the net inflow of foreign capital in the A-share market was only more than 150 billion yuan. The difference between the two forms an order of magnitude, a full 27.8 times.

If it weren't for the pressure from the A-Mei and Squid Group, this data would definitely double. Most of the foreign capital flowing into the SGX market has changed its vests and dare not enter the market with its real identity, because it is afraid that it will be recorded in the black book by the A-Mei and Squid Group, and it is not certain that it will be punished one day.

But even so, it still created such impressive data.

It is certain that they are afraid of being punished by the A-Mei and Squid Group, but they also have to come to the SGX market. Although they are afraid, there are always more solutions than difficulties, and they have to enter the market in a roundabout way.

The return on investment of the SGX market has suppressed the three major stock indexes of Beijing and Beijing every year. From 2016 to the end of 2020, the five-year anniversary, the three major stock indexes of Beijing and Beijing, the Dow Jones Industrial Average has accumulated a rise of +75%, the Nasdaq has accumulated a rise of +157%, and the S\u0026P 500 has accumulated a rise of +83%.

In the same five years, the SGX market rose from the initial value of 1,000 points when it was launched in 2016 to 10,537.72 points on the closing day of 2020, with a cumulative increase of +953.77% in five years. Looking at major stock indexes around the world, it is unmatched.

With such a return on investment, coupled with its scale, it can also carry large funds. For global capital, it is more uncomfortable to miss this market than to bet against it.

The Dow Jones Index of the United States has risen by about 10 times in the past 30 years, and the 5-year cycle of the SGX 50 Index has risen by nearly 10 times, which means that the return on investment of the Dow Jones Index of the United States in 5 years is equivalent to 30 years of investment. The return on investment of the SGX market seems to be super outrageous.

But the actual situation is that in the first 25 years before the SGX market appeared, the A-share market did not fully reflect the economic growth of the Eastern giant in the first 25 years. After the birth of the SGX market, in a sense, the loss of the first 25 years was made up from the SGX 50 Index.

If the cumulative increase of the SGX 50 Index in the past five years is divided into the economic growth of the Eastern giant over the past thirty years, it is more than ten times? Even if the inflation over the past thirty years is taken into account, it is not outrageous at all, but still underestimated.

At the end, Tian Jiayi reported the last data: "The 132 million investors in the SGX market achieved an average profit of 238,100 yuan per person in 2020, of which more than 100 million investors achieved profits, accounting for about 70%."

At present, the number of retail investors in the SGX market, that is, investors who can buy individual stocks with their own accounts, is about 19 million.

But there are 132 million investors in the entire market, which shows that more than 100 million investors hold ETFs or wealth management products of the wealth funds under the Qunxing Star System, rather than buying individual stocks themselves.

Fang Hong smiled and said, "Yes, it's more than enough for each person to buy a Tongtai Max."

Obviously, hundreds of millions of retail investors have made money and enjoyed the dividends brought by this round of technological industry upgrades, which has benefited the vast majority of people to varying degrees, and countless ordinary families have obtained property income through the SGX market.

The SGX market has made more than 70% of investors make money, which is of great significance. Imagine what would happen if hundreds of millions of investors lost 238,100 yuan per person? It's not just a loss of 238,100 yuan. The expectation of earning 238,100 yuan is added in, which is equivalent to losing 476,200 yuan.

Everyone's wallets are bulging, and what follows must be the release of extremely strong consumption power, which will benefit hundreds of industries. With money, everyone will inevitably improve their lives and improve their quality of life.

The internal circulation in the dual circulation strategy of the economy is now truly circulating.

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