My fintech empire.

Chapter 1209 [Just to blow up a technology bubble]

Just when Fang Hong said this, the entrepreneurs at the scene gave warm applause, interrupting him forcibly.

Because it really touched upon the pain points of countless entrepreneurs, the entrepreneurs present felt a strong resonance. Those growing star-level companies that Fang Hong mentioned are indeed just as he said. They will not copy the ideas of startups. Anyone who is interested will spend a lot of money to buy them.

There have been many such cases, which is why so many entrepreneurs now come to Xincheng to develop, and the number is increasing, especially young entrepreneurial teams. This is also the reason why the "double innovation" atmosphere in Xincheng is so strong.

You can't get by here by fooling people. You have to show your real ability here. And you don't have to worry about your hard work being taken away by others. As long as you produce something with high technological content, if it is noticed by a big company in the galaxy, they will not simply and crudely seize it, but will directly use their "money power" to make you sell it willingly.

A team of several people set up a startup technology company. Within a year or two, their products were noticed by galaxies, and they were directly acquired for tens of millions or even hundreds of millions. There have been many cases where these people can achieve financial freedom after working hard for a year or two. They can either join a large company or start their own business.

Therefore, the entrepreneurial environment here in Xincheng is a place that countless entrepreneurs yearn for. The government support is also very strong, there are relevant policy supports, and the supporting facilities in all aspects are also excellent. Few cities in the country can compare with it.

At this moment, as the applause died down, Fang Hong reorganized his words and said again: "Changing the current entrepreneurial environment will be very beneficial to the recovery and strengthening of the economy. Laomei also has a similar approach. It can attract global capital to it, thereby creating a large number of jobs and creating currency at the same time."

"The key is that the stock market must rise..." When Fang Hong mentioned the stock market, not only the entrepreneurs but also the investors were immediately excited. Fang Hong said calmly, "If the stock market rises, there will be room. The domestic stock market is so low, and it is difficult for entrepreneurs in the mainland to go public. The road to listing is difficult and dangerous."

After a moment, Fang Hong changed the subject: "But things are different now. The implementation of the SGX registration system pilot project is going very well. Of the more than 90 companies currently listed, more than % are excellent entrepreneurial technology growth stocks. The SGX has opened up the path to listing for many technology startups and provided strong support in terms of capital."

It has to be said that since the SGX was launched this year, it has indeed further boosted the "double entrepreneurship" boom and invested in entrepreneurial innovation in technology-based industries, and the changes in the overall environment are gradually showing results.

At the same time, Fang Hong looked around at the participants and smiled and said, "Today's stock market has been closed for more than half an hour, and the New Securities 50 Index has historically stood above the 2000-point mark. There are many investors who are worried about the technology bubble. Some people think that the New Securities 50 Index has risen 1.56 times from its historical bottom to the present. Thinking of the range of increase when the stock market index peaked last year, it was also roughly in this range, and they are worried that the technology bubble will burst."

"Is there a bubble in the New Securities 50 Index? Of course there is a bubble, and the current bubble is not small, but what I want to say is that this bubble will definitely not be punctured. A technology bubble is created during the economic downturn, and capital will chase technology. After capital is invested, the various R&D investments are equivalent to all the expenses that are finally converted into investment in society. The R&D expenses become social income and become a series of entrepreneurial companies, which in turn create jobs."

"Some of Laomei's things are also desirable. We are not saying that we should copy them completely, but we should learn from their advantages and virtues. If you look at Laomei's past history, during the economic downturn, they used their technological advantages to immediately create a technology bubble, and then capital chased and invested in North America. A hot technology track emerged, and their young people found their direction again."

"Even some people who were laid off by large companies during the economic downturn can find their way, especially some former executives of large technology companies, or senior technical personnel with rich experience. They can raise funds by just using their reputation to start their own businesses."

"In the process of chasing the technology bubble, capital has actually brought new jobs and new growth points. In any case, the funds have actually entered into the investment in society, and the research and development costs have been converted into social income. There are jobs, income, and work. These are all the reflections of the bubble driven to the real economy."

Obviously, Fang Hong is telling everyone directly that I am going to blow up a technology bubble in China through the Singapore Exchange. I can also maintain this bubble. Do you want to come and play?

To put it more bluntly, we want to make the SGX 50 index soar, we want to make the stocks of the SGX soar, and we want to have a long bull market. If you dare to bring money to play, you can really make a lot of money. You can really make real money. Will you come...

There is no doubt that capital, which is profit-seeking by nature, will not be able to resist such temptation.

The property market is very hot right now, and a property bubble is being blown up. Everyone in the world is chasing profit, and driven by the pursuit of profit, all walks of life related to the property market are favored by capital, which also creates jobs, income, and work.

The problem is that the real estate bubble is unsustainable. To put it bluntly, its incremental space is limited.

But the inflated technology bubble is completely different. To put it bluntly, its incremental space has infinite room for imagination. Once revolutionary technology is born at a certain time and at a certain node, it will inevitably bring about a huge explosion of technological progress and productivity, and then create a vast blue ocean market.

This was true of the first and second industrial revolutions.

Therefore, when the technology bubble is inflated and capital is led to chase it, it is only a matter of time before quantitative change leads to qualitative change. Once a new track appears and a breakthrough is achieved, the incremental space will be opened up and the inflated technology bubble will be filled.

At this moment, not only entrepreneurs are excited, but investors are also excited. K God Card says that the breakthrough of the New CSI 50 Index over 2000 points is not a signal of peaking, but a sign that the bull market has just begun.

A big shot of this level has put it so clearly, if you don't follow it, you will lose the money.

At the same time, it also tells all investors what to invest in the future, which is to invest in technology-innovative industries, explore in the primary market, provide financing support to entrepreneurs, and if they come up with good things, either a big company will buy them for a large sum of money, or they can be listed on the SGX and reap the premium brought by the technology bubble.

At the same time, it also tells all entrepreneurs how to start a business in the future. It is not about opening an online store or starting a business. You must seriously innovate and work on technology. Don't think about fooling people. It won't work. At least there is no soil for survival in the new town and the Singapore Exchange. If you have real skills and come up with real things, you will have rich returns, whether you sell them to big companies or go public on the Singapore Exchange.

……

(End of this chapter)