My Fintech Empire

This period of rising space height is from the bottom 8331.29 points to the current historical high of 16721.76 points, with a maximum cumulative increase of +100.71%. The market index doubled in just 8 trading days.

Even from this year's annual line, the cumulative increase of the SGX 50 Index since the beginning of 2021 has reached +58.68%, ranking first among major global markets.

Moreover, the current SGX market is not a small place. It is not comparable to the stock markets of India, Vietnam, etc., and the size is not at the same order of magnitude.

Just after the close of today, the total market value of the SGX market also set a record, reaching a historical high of 155.15 trillion, which is close to the size of the national GDP (157 trillion) last year.

In contrast, the stock market of India, which is currently just over 3 trillion US dollars, is equivalent to 25.95 trillion US dollars, nearly 9 times that of India.

As for the stock market of Yuehou, that is not to mention its size. Although the stock market of Yuehou has seen a surge since "facing north and bowing down", if it is placed in the SGX market as a listed company, it can't even enter the top ten in terms of market value. That's the extent.

And the SGX market has only one goal, that is the North Magnesium stock market. As for other stock markets such as the European Three Fools, the Middle East, and the Big Goose, they are all not worth mentioning.

The size is not at the same order of magnitude at all.

Only magnesium stocks!

The current market value of the North Magnesium stock market is 2.2 times its GDP, reaching 47 trillion US dollars.

If the SGX now has a huge bubble, then by comparison, the stock market bubble of Amerikar is even more cosmic. The SGX market has been so violently rising during this period. Compared with its own GDP scale, it is still about 2 trillion yuan short of being on par.

Amerikar is now hard-topping the stock market. He has no choice. Although it will explode sooner or later if he pushes it up like this, the problem now is that if he doesn't push Amerikar himself, he will explode sooner or later. The SGX market is squeezing it crazily, and Amerikar has no choice.

…

Friday, May 14.

On the last trading day of this week, the SGX 50 Index closed down -0.59% at 16399.99 points.

Today is the 9th trading day since the bottoming out and the violent short squeeze. The SGX 50 Index finally closed with a negative line. Today's K-line still has a long lower shadow, and it stepped back on the 5-day moving average during the session, falling more than 4.2 percentage points, but it turned up again in the afternoon.

In terms of trading volume, the SGX market today released 540 million, and the daily volume of the five trading days this week was above 5 trillion.

Entering the weekend, around 11 am on Saturday, a piece of news released by the SGX instantly shocked the entire capital market, and it was even more panicked about the market next Monday, because the announcement was an epic and major negative news for the short-term market.

The SGX announced 5,000 illegal fund entities and decided to ban them from the market for three years.

Investors from all walks of life were dumbfounded.

Even the 5,000 capital entities were confused, because they were only informed today.

All of these capital entities, without exception, have leveraged funds and over-the-counter financing during this period of market surge.

Not only is the number astonishing and record-breaking, but among these 5,000 capital entities, there are institutions, big investors, hot money, and even small retail investors.

This has never happened before, and even small retail investors are not exempt. All 5,000 capital entities have been "put in the black room", and they will be locked up for three years, which means that they will not be able to come out until after May 2024, and they will not be able to participate in the investment of the SGX market for three years.

And according to the announcement, these 5,000 capital entities will be forced to close their positions, and no positions can be left, and all will be cleared.

In addition, the income from illegal funds is illegal income and must be recovered according to law.

To put it bluntly, the money earned from leverage must be confiscated and handled according to law, and it is just a matter of further fines.

If it only goes to this step, except for the "sacrificed" retail investors who are timid and will seriously abide by the rules and really not enter the market for three years, the "sacrificed" institutions, hot money and other entities can actually bypass the three-year market ban.

For example, as long as the sacrificed hot money has the ability, their own accounts cannot enter the market, but they can use their wives or parents and other trusted people to hold on their behalf, or even use their accounts to play, and they can bypass it.

However, it is not completely risk-free. After all, this is also a violation of regulations. If it is not discovered by the SGX, it is indeed fine. Even if it is discovered, if the SGX turns a blind eye, it is actually fine.

But if the SGX wants to be listed, then there will be a real problem, and this is where the risk lies.

But this time, the "sacrificed" institutions and hot money entities cannot bypass it, because the SGX has another rule against them, which is very cruel.

That is, their funds will be frozen for three years after they are forcibly liquidated, and these funds will be unfrozen together after the market ban expires.

This is too cruel.

No matter how good your moves are or how good your operations are, you are left with no room for maneuver. How can you move or how good your operations are?

At this moment, the institutions, hot money and other entities that were "sacrificed" are secretly cursing, but they can only blame themselves for their bad luck as they are being held captive.

At this moment, all major stock forums and communication groups are in an uproar.

[Wan La——! ]

[Bottom-picking on Friday, I am half disappointed. ]

[A-kill. ]

[I witnessed history again. This is the first time I saw 5,000 entities enter the small black room for three years, and there are big and small retail investors and institutions. I have never seen such a thing. ]

[Those who missed the opportunity before are lucky now. I think this wave is a reverse car to pick up people. God K is kind and righteous. I just don’t know if anyone dares to get on the car? ]

[It’s also a reverse car to pick up people. I’m afraid it’s not a hearse... (tears and laughter.jpg)]

[Is it still leveraged? Are you dumbfounded now? ]

[Is this news true or false...]

[It’s really true. I am in a communication group. A buddy was so happy that he was so sad. Yesterday, he was still happily showing his earnings. In the past few days, he has tripled and earned more than 130. As a result, he just received news that he was lucky enough to be selected and was in the small black room for three years. The profit from leverage is gone. ]

[Oh my god, this wave is quite fierce. I remember that in 2019, only three unlucky private equity institutions were "sacrificed". I never expected that so many people would be "sacrificed" this time. It's really eye-opening! ]

[Confiscation is good, 10,000 support. ]

[I can guarantee that there are definitely more than 5,000 people in the market who secretly leverage and engage in off-market financing. I just want to ask you if you are panicking now... (manual funny.jpg)]

[There is no need to think that there are definitely more than 5,000, 50,000 or even 500,000 are possible. ]

[Seeing this news today, it is estimated that those illegal funds are sweating profusely. No one expected that the management is so cruel. ]

[Oh, not only did I play in vain, but I was also locked up in the black room for three years. After three years, the market will probably reach 30,000 points. Hahaha, when it reaches 30,000 points, you will come to take over the goods, and I will smash them for you... (Erha/jpg)]

[Forgive me for laughing unkindly, secretly happy hipster. ]

[The day after tomorrow, the market opens to see who runs faster. ]

[It is definitely a series of reversing to pick up people. Just run to the market and run hard, unless you don’t believe the 30,000 points that God K said. ]

[I suspect you are fooling around, and then you secretly press the nuclear button and run away, right... (Chai Da.jpg)]

[Earning twice as much is not enough, and you want to earn several times more. You deserve to be sacrificed. I was jealous before, but now I am happy... (funny.jpg)]

[People’s sorrows and joys are not the same... (covering face.jpg)]

... (End of this chapter)