My fintech empire.

Chapter 1208 [Big should be big]

The game box with an issue market value of 3759 billion yuan joined the trillion-yuan market value club on the first day of listing, and directly landed in the top ten of the A-share market value. It can be said that it has stole the limelight in today's capital market.

Currently, among the top ten A-share listed companies by market capitalization, Xingyu Technology is ranked first, with a market capitalization that leads by a huge margin, reaching a staggering 4.3 trillion yuan.

Following closely behind is Matrix Quantum, whose market value soared to 2.59 trillion.

The stock ranked third is very unique. It is the only WeChat stock among the top ten that is labeled as ST. Its after-hours market value today is 1.57 trillion.

The top three companies in the A-share market by market value are all non-Guo Jia team companies. But then again, for giant companies of this size, their equity structure is very complex, and these three companies have shares held by Guo Jia team institutions.

However, in terms of corporate control, it is indeed a private enterprise.

Ranked fourth is Universe First Bank, with a market value of 1.54 trillion yuan; fifth is Zhong Petroleum, with a market value of 1.28 trillion yuan; sixth is CCB, with a market value of 1.23 trillion yuan; seventh is Game Box, which dropped today, with a market value of 1.06 trillion yuan; eighth is Agricultural Bank of China, with a market value of 1.01 trillion yuan; ninth is Bank of China, with a market value of 0.96 trillion yuan; tenth is Jiuzhou Blue Arrow, with a market value of 0.87 trillion yuan.

People were shocked to find that among the top ten listed companies in the A-share market, Qunxing Group already occupied half of the market.

This is a phenomenon that had never happened before the rise of Qunxing Capital. In the past, the top ten were all occupied by Guo Jia's team. Now, not only does Qunxing Team occupy half of the country in terms of number, but the sum of their absolute market capitalization is also a huge lead. The total market capitalization of the five Guo Jia team companies is just over 6 trillion yuan, while the total market capitalization of the five Qunxing team companies is 10.39 trillion yuan.

Just from the market capitalization data of the five Qunxing companies in the top ten A-share market capitalization list, people can personally feel the terrifying power of the Qunxing at the moment. It is no wonder that Mr. Zhang, the founder of Toutiao, once said, "Now is the era of the Qunxing."

The most crucial thing is that people also realize that this is not the end. In time, the top ten A-share markets may be dominated by companies from the Qunxing Group. This also shows that the SGX is the future of the domestic capital market, because companies from the Qunxing Group are all listed on the SGX.

You should know that there are still a large number of companies in the star system that are "eyeing" the top ten A-share market capitalization, and several of them have the strength to break into the top ten and squeeze out the other five Guo Jia team companies.

For example, Kunpeng Technology, which is currently ranked 8200th, has an after-hours market value of 5200 billion yuan today. It is another technology giant with a market value of trillions of yuan; for example, Yixin Video, which is ranked 3200th, has an after-hours market value of billion yuan today. It is also a company that has the potential to hit a market value of trillions of yuan in the future; for example, Toutiao, which is ranked outside the top , has a latest market value of billion yuan, and its Douyin short video has risen strongly. It is also a potential stock with a market value of trillions of yuan.

It can be seen from this that many people have a consensus on the future of the A-share market. In another one or two years, if you want to enter the top ten in the A-share market capitalization, the threshold will be raised to the trillion level. If the market value is less than one trillion, you will not be able to enter the top ten list at all.

……

At the same time, this afternoon, the city of Xincheng took the lead in organizing a "Double Entrepreneurship and Innovation Summit", which attracted many entrepreneurs and investors to attend. At present, the city of Xincheng is very attractive to entrepreneurs, even surpassing Pengcheng, especially technology-based entrepreneurs are more inclined to come to this city to develop their businesses.

Many elements, including the job market, business environment, and infrastructure, are very friendly to entrepreneurs, which is also the source of the new city's competitiveness.

The "Double Entrepreneurship Summit" held by the city this afternoon not only attracted the attention of entrepreneurs and investors from all over the country, but more importantly, it also invited a heavyweight guest to attend the meeting, who was the founder of Qunxing Capital, the legendary figure Fang Hong.

At this moment, Fang Hong was giving a special speech. He quickly organized his words in his mind and said with a smile: "Nowadays, the topic of 'mass entrepreneurship and innovation' is quite popular. But I want to pour cold water on it. The so-called innovation in China now is that opening an online store is called entrepreneurial innovation, or opening a small restaurant is called entrepreneurship. It won't work without technical content."

Fang Hong said to all the participants in an orderly manner: "We still need to have a good understanding of the issue of mass entrepreneurship and innovation. Generally speaking, high technology is the hard truth. For technology-based enterprises, their growth from small companies to towering trees is basically due to capital investment. For example, the three Internet giants BAT all grew up with the support of capital at that time."

"But we also need to recognize a potential problem, which is how small companies grow. In the past few years, large domestic companies have copied the good ideas and creativity of small companies in various ways at very low costs, which is quite unfriendly to entrepreneurs."

After this statement was made, some entrepreneurs present deeply agreed with it.

Fang Hong went on to say: "Quanxing also grew from a small company, including those so-called Qunxing companies that have been listed on the SGX with a market value of hundreds of billions, tens of billions, or even trillions of dollars. I deeply understand the difficulties of their growth process when facing the hunting of large companies."

"Now these companies have become towering trees. Will the brave warriors of the past become evil dragons in the future? I think this is a point of great concern to many people, especially entrepreneurs. We are not interested in becoming evil dragons, but we are very interested in becoming fierce dragons."

"How do you understand it? You can't dominate the market and swallow everyone up, and you can't take all the money-making things for yourself. If you look at it, you will find that whether it is GameBox, WeChat, or Xingyu Technology, these big companies are obsessed with building an ecosystem."

"How should we understand this? We should first let the ecosystem grow if there are profitable things. We should not make money from other things and let others make money. This way, we can concentrate more manpower on building this ecosystem. After you grow up, if I need it, I will give you a lot of money to buy it. This is very friendly to entrepreneurs."

"These large companies that have grown up in the galaxy have never copied other people's ideas at a very low cost. They are small companies that have good ideas that I am interested in, and I will directly buy them out, along with the people and the team, and spend a lot of money to acquire them. Once a startup company with only a few people is sold, it can be sold for tens of millions, hundreds of millions, or even hundreds of millions, and you will directly achieve lifelong financial freedom."

"Why do we do this? You spend tens or even hundreds of millions on a team that other big companies can get with just a few million. It's not that we have too much money to spend, nor is it that we are doing charity, but it's the right thing to do. Only in this way can we create a healthy entrepreneurial environment. Only by being friendly to entrepreneurs can entrepreneurs truly focus on the technology itself, and only then will high-tech things emerge."

"No one is stupid. If you, a big company, want to get good things at a low cost or even for free, entrepreneurs will either give up and stop playing with you, or they will cheat you by making up stories. The result is that you cheat me and I cheat you, and the whole environment is full of cheating and fraud, which constantly damages and raises the cost of trust in the environment. The selfishness of big companies not only brings extremely bad negative impacts to the whole environment, but also hinders the country's technological progress and international competitiveness."

"So we can't do that. If we are big, we need to act big. We need to be magnanimous, have a broad mind, a big vision, and a big responsibility."

……

(End of this chapter)