My fintech empire.

Chapter 1240 [All thanks to peers]

The wealth fund has launched a new round of fundraising plan, aiming to raise 2 trillion yuan. Such an astronomical figure, especially from the middle and lower income groups, will definitely have an impact on the property market, especially on second-, third- and fourth-tier cities.

Because according to its subscription requirements, the upper limit of funds is 100 million yuan, and it is based on the family unit.

This amount of funds can buy a house in a third- or fourth-tier city, and there will be some left over for a down payment in a second-tier city. But in a first-tier city, 100 million is not even enough for a down payment, so it does not have much substantial impact on real estate sales in first-tier cities.

Regarding the establishment of the wealth fund, Fang Hong indeed positioned it as a "savings moving" institution.

He wants to use his credit, ability and reputation to raise funds from the private sector for development, allowing the private sector to provide part of the funds needed for development. At the same time, he will also give them due wealth returns so that they can enjoy the dividends of development and allow the general public to actually obtain more substantial property income and a sense of gain.

This is a virtuous cycle that runs in both directions, which is fundamentally different from those who use high-sounding slogans but actually engage in profiteering.

But in a sense, Fang Hong also has to thank those people. If it weren't for the fact that they did so many evil things and their greed was too ugly, their reputation in the public's mind would have dropped to negative 10,000%. Today's Fang Hong and the stars would not be so great and glorious, and would not have such unparalleled appeal as they do now.

Moreover, in today's information-rich Internet age, the depth, breadth, and speed of information dissemination are incomparable to those of 10 or 20 years ago. Everyone knows what happened very quickly.

The current situation is that when it comes to investment and financial management, more and more people have adopted a simple but correct strategy, either keeping their money safe or investing in institutions with credit endorsements such as Qunxing and Fang Hong.

It is really difficult to discern the intentions of other organizations and other people, and we don’t have the ability to discern and screen them, but Fang Hong and Qunxing are definitely trustworthy.

For most people, choosing Fang Hong saves them the trouble of further analysis and screening, because they know that he will not cut the public's leeks. For the public, it is just a simple choice of whether to invest money or not.

Most people believe that Fang Hong sincerely wants to lead the public towards wealth and common prosperity, because he not only talks about it, but also puts it into practice with practical actions.

Therefore, a lot of people are willing to invest money in him and trust him, but there are too many people that he can't handle them all. This can be seen from the fact that the first phase of the wealth fund's fundraising plan exceeded the target by several times.

Now that the Singapore Exchange has been established and an independent valuation system is being gradually established, under Fang Hong's design framework, the future role of the wealth fund will be to continue to promote the "savings migration" of residents. Part of the funds raised from the private sector will be invested in the secondary market to hold shares in the Singapore Exchange, and the other part will be invested in the primary market's real estate sector, mainly technology-based industries.

Promoting technological progress will give birth to more high-quality technology companies, which will then be listed on the SGX. The wealth fund will hold shares of these companies. The rising share prices and the booming stock market will bring wealth returns and development dividends to the wealth fund's investment clients, that is, the general public, which in turn will nurture the technological upgrading and development of the real economy, forming a positive cycle that repeats itself over and over again.

However, there are prerequisites for this mechanism to continue to operate in a positive cycle, and that is that the SGX must not degenerate. Once it degenerates into a place for a few people to reap profits, everything will be over. This mechanism will not be able to continue and a collapse is inevitable. Therefore, the SGX capital market is a core hub and a top priority.

……

在接下来的两个交易日，新证50指数分别收涨+0.25%和+0.41%，盘后收报2258.27点，只需要再涨个+0.25%便能突破前高2263.76点创历史新高。

到了第二天3月16日东八区凌晨，镁联储正式宣布年内首次加息，此次加息25个基点，联邦基金利率从0.5%至0.75%上调为0.75%至1%，这是自去年12月份加息以来不到三个月再次加息。

However, right after the rate hike was announced, the trend of the U.S. dollar index was beyond many people's expectations. Instead of strengthening, it plummeted by -1.18 percentage points on the same day. Moreover, the U.S. dollar index plunged vertically at a -degree angle just after the news of the rate hike was announced.

It is not surprising that the US dollar index failed to rise after the official announcement of the US interest rate hike. This was expected at the beginning of the year, and the announcement now is the final word. This is because the new leader in America wants to go against globalization, return to isolationism, and put America first.

The world situation has become more uncertain, and many people even joke that the biggest certainty in today's world is that it is full of uncertainty.

Capital really dislikes this kind of uncertainty. Whether it is a good thing or a bad thing, capital doesn’t really care. But there must be certainty, because only with certainty can it be effectively deployed.

For example, if the stock market is certain to be good news, then go long, and if it is certain to be bad news, then go short. For capital, as long as it is certain, it doesn’t matter whether it is good news or bad news. The only difference is whether you take advantage of the long or short positions.

As time went by, as soon as the sun rose in the East 9th District, the Singapore Exchange of the A-share market opened first at o'clock.

Many domestic investors thought that the A-share market would fall today after seeing the news of the US dollar interest rate hike. However, the SGX 50 Index was not afraid of the news of the US dollar interest rate hike and opened at 2269.21 points in the call auction phase, jumping up and breaking through the previous high with a high opening.

When the market opened at 9 o'clock, it also opened and continued to move higher with a barefoot yang, rising all the way with high volume and price.

After all, the SGX now has a strong expectation that the second phase of the wealth fund fundraising plan will be launched. According to Fang Hong’s revelations on Weibo, it is certain that a full 1 trillion yuan of incremental OTC funds will enter the secondary market. This is a real and major positive factor that will bring trillions of OTC liquidity to this market.

The strength of the SGX 50 Index hit a record high and also affected the opening of the main board indices of the two neighboring cities. With the Singapore Exchange so strong, the fear index of funds about the US dollar interest rate hike has been greatly reduced. The Shanghai Composite Index also opened slightly higher and continued to rise after the opening.

As of the closing at 15:0.84, the Shanghai Composite Index closed up +3268.94% ​​at 2445 points, with a turnover of 0.77 billion yuan; the Shenzhen Component Index closed up +10624.42% at 3060 points, with a turnover of 0.46 billion yuan; the ChiNext Index closed up +1966.73% at 50 points; the SSE 2.10 Index rose 2305.62% to 3793 points, with a turnover of 9298 billion yuan. The total turnover of the three major trading markets was billion yuan.

The Xinzheng 50 Index was far stronger than the main board indices of the Shanghai and Shenzhen stock markets today. A medium-sized positive line with rising volume and price not only set a new historical high, but also reached the 2300 point mark for the first time.

Now the gap between the SGX 50 Index and the ChiNext Index in absolute points has continued to widen, and the gap with the Shanghai Composite Index has continued to narrow. In terms of market trading activity, the turnover of the SGX today not only significantly surpassed that of the Shanghai Stock Exchange, but also surpassed that of the Shenzhen Stock Exchange, becoming the number one in turnover among the three major trading markets.

These data all show that the status and influence of SGX in the A-share market has increased significantly, and they also show that retail investors in the A-share market are continuously "moving" from next door to the SGX.

……

(End of this chapter)