My fintech empire.

Chapter 1201 [Suddenly Barbarians Everywhere]

With the end of the National Day holiday, the A-share market ushered in the first trading day after the holiday on Monday, October 10.

Today, the three major stock indexes opened higher and continued to rise. At the end of the day, the three major stock indexes all ended in the red, ushering in a good start on the first trading day after the holiday. The Shanghai Composite Index rose +1.45% to 3048.14 points; the Shenzhen Component Index rose +1.65% to 10741.69 points; and the New Securities 50 Index rose +2.77% to 1877.97 points.

What is particularly worth mentioning is a new popular concept that has emerged - the concept of holding up signs!
This is all thanks to the fermentation of the Wan Ke equity dispute during the holiday. The villagers said that the acquisition and being acquired behaviors between market entities are market-oriented behaviors, and as long as they comply with the requirements of relevant laws and regulations, they will not be interfered with.

Well, now all kinds of capital have been greatly encouraged. With the example of the stars intervening and Wan Ke getting a big bite of fat meat, and the attitude expressed by the villagers, now everyone wants to be the barbarians and is ready to follow suit.

To be precise, people have already started to follow suit. The world is bustling with people, all seeking profit, and people will flock to wherever there is money to be made.

In the following days, the A-share market stopped falling and continued to rise. It really couldn't fall any further. Driven by the craze of the concept of raising placards, it couldn't fall any further. The A-share market showed a strong upward trend throughout October.

The carnival of stake-raising is taking place in the A-share market. Every now and then, there are announcements of companies being targeted by stake-raising funds. Even the high-quality blue-chip Yili shares have been targeted by the stake-raising funds, which scared Yili's management and almost made the decision to suspend trading.

Many bosses of listed companies are a little panicked at the moment, especially some listed companies that have borrowed securities. They are now rushing to get the securities returned and dare not lend them out anymore. There are "barbarians" everywhere outside and it is really a bit overwhelming.

After the first "barbarian" appeared, a large number of "barbarians" suddenly emerged. The CEOs of listed companies saw the "barbarians" at the door staring at them covetously. How could they not be afraid? What if their homes were robbed by the "barbarians"? Think about Wan Ke at this moment as a lesson for them.

Senior executives of listed companies dare not lend securities easily, which has weakened the short-selling force in the A-share market. Bullish momentum is growing, pushing the market to continue to rise.

Until the end of October, the enthusiasm for the concept of raising the placard had not faded, but was pushed to a higher level. On Tuesday, November 10, the Shanghai Composite Index broke through the previous high of 11 points to set a new high.

……

Meditation in the villa.

At this moment, Tian Jiayi, who was with Fang Hong, was chatting about the situation in the capital market: "The current wave of placard raising in the capital market can be said to be in full swing. So many barbarians have emerged all of a sudden. You have set a precedent and given many people confidence. Some people even force you to endorse them."

Tian Jiayi added: "They are obviously profit-driven, but they are still trying to use the high-sounding slogan of 'fighting poison with poison and purifying the capital market'. These people are the real barbarians. It really proves the saying that if you control them, they will die; if you let them go, they will be in chaos and demons will run wild."

Fang Hong smiled and said, "It's because there are so many smart people in this land, haha..."

Tian Jiayi pouted and said, "To put it nicely, they are smart and good at seizing opportunities. To put it bluntly, they are just speculating. But do the villagers really intend to indulge them and let them run wild?"

Hearing this, Fang Hong thought and analyzed: "If we need to intervene, we should not do so now. If we intervene now, we will be immediately accused. No one in the village wants to take the responsibility. Only when the situation becomes chaotic to a certain extent can we intervene. That is called having to intervene."

Tian Jiayi nodded: "That's right."

Fang Hong then said, "And in my opinion, our opponents are not lazy people. The concept of placards is so popular now, and there are so many follow-up funds participating in the speculation. Many self-proclaimed smart funds are lying in wait for the big guys to raise their placards so that they can make a fortune. Haha, how many of them are truly valuable? How many high-quality core asset targets like Wan Ke can there be?"

"Most of them are garbage. If you dare to raise a sign, pull a platform, or ambush them, they will sell the company to you. The stocks you get with real money are not as valuable as a pile of toilet paper."

Obviously, there will be a lot of junk companies that will take advantage of this trend to whitewash themselves, attract follow-up funds, and finally package and dump the company's stocks to speculators, completing a round of harvest feast.

But from another perspective, it also shows that the A-share market will continue to strengthen in the next period of time, and at least it will be able to maintain a strong bullish trend in November.

The strong bullish trend in the A-share market in October was not only seen on the main board next door. The trend on the SGX side was even stronger than the main board. The SGX 10 Index, which bottomed out for the second time at 1781 points, turned to fluctuate upward in October and successfully broke through 50 points to set a historical high.

Currently, the New Securities 50 Index is fluctuating near its historical high at the end of the month, with the highest point reaching 1979.62 points, and is very close to breaking through the 2000-point integer mark.

……

Finally, Fang Hong stopped paying attention to this matter and changed the subject: "How is the launch of the game box going?"

Tian Jiayi quickly caught up with the train of thought and replied: "It has been confirmed. It will be listed on the SGX next Thursday, November 11. The company's IPO valuation is set at 10 billion, with a total share capital of 3759 billion shares. The issue price is set at 113 yuan per share, and the initial public offering will raise 33.26 billion yuan, making it the largest IPO since the opening of the SGX, surpassing the previous Jingdong."

Next week, the number of companies listed on the Singapore Exchange will drop to single digits for the first time, with only 7 companies including Game Box.

It is obvious that they want to give way to the big guy like Game Box. After all, he alone is going to take away a huge amount of financing of 420 billion from the capital market, which is equivalent to the total financing scale of the Singapore Exchange last month.

It goes without saying that a company of GameBox's size will be included in the SGX 50 Index. According to one of the inclusion criteria of the index, it must be a non-financial company and have been listed for more than one year. However, if it has been among the top 25% of listed companies by market value on the SGX for three consecutive months, the period can be reduced to half a year.

In other words, in half a year, Game Box will become a constituent stock of the New Securities 50 Index.

Even if the company's market value is halved again compared to its issue market value, it can still be in the top 25% of market value. Other inclusion indicators are also met. It only needs to wait for the New Securities 50 Index to adjust its constituent stocks in half a year so that it can be included in the index.

After a while, Fang Hong asked: "How many listed companies are there on the SGX now? What is the total financing scale of the registered and listed companies?"

Upon hearing this, Tian Jiayi immediately answered clearly and logically: "The SGX has been open for 10 months, and the cumulative number of registered and listed companies has reached 437. Including the 22 large-cap stocks of the Qunxing system that have transferred from the main board, the total number of listed companies on the SGX is currently 459."

Tian Jiayi searched the data in his brain and continued: "As of last week, 437 companies registered and listed, with a cumulative financing scale of 2855.7 billion yuan. On average, each listed company raised about 6.5 million yuan from the market."

……

(End of this chapter)