My Fintech Empire

Fang Hong looked at the intraday quotes of Pinduoduo's stock for a while, and then switched to the SGX 50 Index.

Today's A-share market ushered in the first trading day of the new year in 2020. It is now past 10 am, and the SGX market has been open for more than an hour.

Influenced by the news of the "2019 Global Macroeconomic Comprehensive Analysis Report" released by Qunxing Group, the capital market generally interpreted it as a major positive, and the three major stock indexes got off to a good start on the first day of the new year.

Although the report is the opinion of Qunxing Group, it is extremely valuable and authoritative. It can be said that the endorsement of the word "Qunxing" is valuable and authoritative.

The first two reports have already demonstrated professionalism. Qunxing has given evaluation data. The economic scale in 2019 is 135 trillion, so the final data is likely to be free of deviation.

The Xinzheng 50 Index opened at 6339.50 points today, jumping up +0.74%, and the collective fund directly entered the 6300-point mark.

After the opening, the index showed a unilateral upward trend. Now the Xinzheng 50 Index is setting a new record high every time it rises by one point.

The Internet celebrity economy and the game sector led the two markets. Now because of the mask issue, most people choose to stay at home, so the market interprets it as a positive for games and Internet celebrity economy, which are all related to online.

In addition, semiconductors, medical devices, shipping and other sectors performed actively.

The Shanghai and Shenzhen stock markets next door also opened at 9:30 and both jumped out of the high opening pattern, and the opening was also unilaterally higher.

The three major trading markets all showed a general rise today.

Obviously, today's market is so powerful, and the comprehensive macroeconomic analysis report released by Qunxing Group has played a huge boosting effect on the capital market.

Moreover, the expectation of monetary easing has been formed in all countries around the world, and interest rates are being cut. Beijing cut interest rates three times last year. The market generally predicts that Beijing will have to continue printing money even if its nuclear-powered money printing machine is smoking, otherwise the bull market in Beijing's stock market will not be able to continue.

People who hold cash in their hands have to worry that their wealth will depreciate and shrink significantly, and then they will choose to hold assets to maintain and increase their value.

Those high-quality core assets will become popular, and the highest bidder will win, so asset prices will also rise with the tide, which will be reflected in the stock market as new highs and new highs in stock prices.

At this time, Fang Hong was attracted by a small window of news flash, and he clicked it to take a look.

[Xingyu Technology's market value exceeded 20 trillion yuan, becoming the first listed company in the history of A-shares with a market value of more than 20 trillion yuan]

At this time, major market software pushed this news flash, and many stockholders also saw it. For a time, they all switched to Xingyu Technology's time-sharing market to watch, which also made the popularity index of the stock soar, and it soon entered the top ten of today's popular stocks rankings.

Now many market software, especially those well-known platforms such as Dongcai and Tonghuashun, have already followed the trend of the Internet and provided the function of barrage communication. If investors want to experience barrage communication, they can turn on this function to participate in the comments, and the barrage comments sent out will float directly on the time-sharing page.

If you turn on the barrage communication function on the time-sharing page of Xingyu Technology, you will soon see a large number of barrage comments floating by.

[6666666]

[Xingyu Technology is awesome! ]

[Another moment to witness history! ]

[20 trillion market value...]

[It can be compared with the Shenzhen Stock Exchange next door. The total market value of all stocks in the Shenzhen Stock Exchange next door is only 23 trillion. ]

[This post is a proof that Xingyu Technology will definitely exceed the total market value of the entire Shenzhen Stock Exchange in the future. ]

[The stock price of Matrix Quantum next door has also reached a historical high, with a market value of 12.88 trillion! ]

[It is worthy of being the "big and small kings" of the A-share market, it is really awesome! ]

[The combined market value of the two companies is 33 trillion, accounting for 43% of the market value of the SGX market, almost half, which is too outrageous...]

[A little-known fact is that the total market value of the listed companies in the galaxy has reached about 75% of the market value in the SGX market, that is, a market value of 57 trillion, but there are only about 350 listed companies in the galaxy, accounting for less than 20% of the number of listed companies in the SGX market. ]

[It's so scary. ]

[With less than 20% of the number of listed companies, they account for 75% of the market value of the entire exchange, the 80-20 phenomenon is everywhere. ]

[Now I finally deeply understand what is called a guiding star and a ballast stone. ]

…

Fang Hong looked at it for a while and then closed the market software. At this time, hundreds of millions of A-share investors were worshiping Xingyu Technology.

As of the close, the three major A-share indices had a good start and ended in the red.

The SGX 50 Index broke through the 6,300 and 6,400 mark in succession, and rose by +1.95% after the market to 6,415.82 points; the Shanghai Composite Index rose by 1.15% to 3,085.20 points; the Shenzhen Component Index rose by +1.99% to 10,638.82 points.

The total transaction volume of the three major trading markets increased significantly to 2020.1 billion. On the first trading day of the year, the market volume was 2 trillion.

Among them, the SGX market increased its volume to 1,268.6 billion, an increase of 247.1 billion from the previous trading day. In terms of the Shanghai and Shenzhen stock markets, the Shanghai market had a turnover of 327.2 billion today, and the Shenzhen market had a turnover of 424.3 billion.

In addition, northbound funds had a net inflow of 82.637 billion today, the second largest single-day net inflow in history, of which about 92% of the net inflow was from the New Hong Kong Stock Connect into the SGX market, with a net purchase amount of 75.928 billion, and another 6.712 billion entered the two neighboring cities.

It is worth mentioning that the Shanghai Stock Connect and Shenzhen Stock Connect in the two neighboring cities have a daily purchase limit for foreign capital, which is a maximum of about 50 billion.

I didn't know how popular it was, but it was hard enough to see a daily inflow of 10 billion.

The New Stock Connect in the SGX market does not set an upper limit on the daily net inflow of foreign capital, because the SGX has a fixed upper limit on the proportion of foreign capital holding a stock, and Fang Hong is not afraid of large inflows of foreign capital or international hot money in the short term.

The pricing power of core assets listed on the SGX market has long been in its own hands. What target is valued at what stage, especially for the Qunxing listed companies, the Qunxing Group is in control.

The total market value of foreign capital holdings in the SGX market is now approaching 7 trillion yuan. Foreign capital can sell or even smash the market. They can take any amount of the smash, but it is impossible to smash the floor price and then buy the bottom.

If you retreat now, you will not come to play in the future. But if you come to play again in the future, you will find that the stock price has risen much higher than it is now. You will sell it at a loss, and the holding cost of re-entering the market will only be higher than it is now.

Fang Hong also has no plan to further expand the proportion of foreign capital holdings in SGX-listed companies. If nothing unexpected happens, he will not consider expanding the proportion in the next five years. This is also to guide foreign capital to provide liquidity and financing support for new stocks.

If core assets or star stocks are bought to the maximum by foreign capital and cannot be bought anymore, but foreign capital that wants to get on the train later has the need to allocate stocks in the SGX market, either the foreign capital that got on the train in front will jump out and give up its share, or buy the newly listed stocks.

There is basically no foreign investment in new stocks, and now some foreign institutions like to allocate new stocks that have just been listed on the Singapore Exchange, because these new stocks have very good investment returns in the future. Although the risk is high, the initial holding cost is also low.

However, for now, it is still far from the upper limit for foreign investment to hold more than 1,800 stocks that have been listed on the Singapore Exchange.

It is impossible to hold the upper limit of Xingyu Technology alone. The size is too large, and the foreign investment holdings will not be sold after all. Now the daily inflow and outflow of foreign investment in Xingyu Technology is over 10 billion.

... (End of this chapter)