My fintech empire.

Chapter 1256 [The market still buys it]

Fang Hong ended the call with the beautiful assistant, put the phone aside and logged into his personal social media account Weibo. His Weibo private messages and comments had exploded, and the latest comments or private messages all mentioned the wealth fund's reduction of holdings.

At this moment, the SSE 50 Index has dropped to 2099.37 points, and the 2100 point mark has been broken.

Fang Hong quickly edited a long Weibo post, confirmed it was correct, and then updated and published it:

[There have been a lot of big rhythms recently, and they are quite large. Big and small rhythms appear every now and then. If you take them too seriously, you will not be able to live. I didn’t take it too seriously at first, but seeing that more and more people believe it, I still have to come out and say a few words to set the record straight.

Regarding the wealth fund's share reduction during this period, some people have been leading the trend to say that the real purpose has finally been revealed and they are about to start reaping the benefits of ordinary shareholders.

I wondered, is there really anyone who would believe this kind of rhythm?
If the purpose is to reap the general public, it should not be the wealth fund's reduction of holdings. Who are the capital customers here? It is precisely the middle and lower income groups. Even if we take a step back, it is to help them cash out and leave the market. Is there such an operation to reap the general public in this world?

The wealth fund's written description of the 2 trillion yuan reduction in holdings was rather formulaic. I will give you a down-to-earth translation here so you can all understand it.

Everyone knows about the 2 trillion yuan plan. Where does the money come from? There are many aspects, one of which is the wealth fund. The 2 trillion yuan raised from the first phase of the fund will be invested in the 1 trillion yuan plan. The second phase of the fund to be raised is expected to be trillion yuan, and trillion yuan will also be invested.

This is one aspect. On the other hand, the original purpose of the wealth fund was to serve the middle and lower income groups who are waiting to get rich. It was established for the purpose of achieving common prosperity. Those who entered the market early in the first phase have made a lot of money, or even too much profit. There are still more people waiting to get rich who have not yet gotten on board.

If all those who bought the first issue become rich, what about those who haven't gotten on board yet? This goes against the original intention of establishing a wealth fund and is not in line with the original intention of common prosperity.

The 2 trillion yuan cashed out from the first phase of the funding pool is not only to ensure that the long-term investment of the trillion yuan plan can obtain greater long-term returns in the future, but also to make way for the second phase of the funding pool. The second phase of the funding pool will also make way for the subsequent three phases, ultimately to achieve common prosperity.

There is nothing to hide or not to say. Let's just say it openly. Public opinion will judge right and wrong, and justice is in the hearts of the people. Time will prove everything.

In addition, we solemnly remind the majority of wealth fund holders that they should carefully consider whether to redeem their investments or not, and think twice before making a decision. Every family has only one chance to get on board, and if they choose to withdraw, they will never have the opportunity to get back on board again.

There are so many people waiting to get rich waiting in line to get on the train, it is impossible for them to waste public resources just for your repeated troubles. 】

……

Fang Hong's Weibo update was quickly forwarded by various self-media bloggers, netizens, and stock investors, and media organizations also quoted and reported on it.

When other investment institutions read his article, they could only sigh in silence for a moment. They thought that only Fang Hong would say this, dare to say this, and say it so bluntly. When other institutions raise funds, they would like to have as much money invested by their clients as possible.

The wealth fund he set up has a rule that each family can only invest once, with the upper limit not exceeding one million RMB. Once redeemed, there will be no chance to get back on board in this lifetime.

The key is to set this threshold, but countless people are scrambling to get on board.

Other institutions also want to do the same and dream of imitating and replicating it, but they also know that it cannot be replicated.

This kind of investment opportunity only comes once in a lifetime. Once you jump off the train, there will be no chance to get back on. Capital customers will cherish this opportunity very much and will not choose to redeem easily. They will hold on to it tightly and may even pass it on to the next generation.

Even if they are in urgent need of money, they will choose to mortgage the previous cash flow and would rather bear more interest costs than redeem it directly, because the subsequent appreciation will cover the interest costs and continue to appreciate, and there is almost no redemption pressure for wealth funds.

Other institutions cannot replicate this because they have not gained the trust of the world. Today, Fang Hong is unparalleled in terms of credit, reputation, and fame. The most important thing is his strength and the ability of his stars to make money. To put it bluntly and down-to-earth, not only do people truly believe in the path to "common prosperity" that he talks about, they also believe that he can do it.

So many people have benefited from it over the years, and it has been spread through conversations after meals, and further strengthened in the hearts of everyone, forming a positive feedback mechanism.

Just when Fang Hong posted the update on Weibo, the New Securities 50 Index had already dropped to 2097.81 points, with the intraday decline widening to -3.21%. Since the correction from the historical high, it has recorded a range decline of -12.92%.

Less than three minutes after that Weibo post was updated, the New Securities 50 Index stopped falling and started to rise. As the spread of that Weibo post continued to expand, the New Securities 50 Index began to follow the Big V Tianlong trend and continued to rise all the way.

About twenty minutes later, the Xinzheng 50 Index recovered today's opening price, and the daily K-line has turned into a red K-line, but it is a true Yin and a false Yang, because today opened low by -1.73%, and now the decline has narrowed to within -1.5%.

Fang Hong looked at the deep V trend of the New Securities 50 Index and couldn't help but smile: "It seems that the market still believes in my account. The stabilization fund does not need to support the market today."

His latest Weibo post is easy to understand. There is no riddle, no need for interpretation, and no hidden meaning. Anyone with basic reading skills will have no difficulty in understanding it.

When other people or other institutions reduce their holdings, they are all hesitant and even try to deceive people. What's worse, some of them do not even issue an announcement and directly reduce their holdings in violation of regulations to cash out.

Fang Hong, on the other hand, took a simple and unpretentious approach and the market bought into it and became more confident, because when people read his Weibo article, they seemed to feel the confidence between the lines.

That is the mentality and attitude of a strong person.

People are born with a desire to admire the strong. To put it more down-to-earth, it means that everyone feels from the bottom of their hearts that there is hope following you, that they can eat delicious food and drink spicy drinks following you, and that they can live a good life following you.

If you are not strong, how can you lead others to success? And how can you make others believe that you can lead them to success?
No one will go after a weakling, let alone believe that there is any point in following a weakling.

Not only did we feel the heart and attitude of a strong man from the content of his Weibo post, but we also saw over the years that he does not bully the weak. In the eyes of many people, simply not taking advantage of the disadvantaged is already a great mercy, not to mention that many of the practical things he did were to fight for the welfare of the disadvantaged groups.

As time went by, Fang Hong's Weibo article continued to ferment, and more and more people began to take the initiative to help further explain it.

The wealth fund's cashing out of 2 trillion is not a runaway move or a way to make a profit, but rather an investment in the trillion plan for better long-term development. In the future, it will give birth to a larger industry and more outstanding companies to register and list on the SGX.

This is not about cashing out or cutting leeks, it is clearly to make the cake bigger, stronger and better. It is of course more beneficial to the SGX market and the SGX 50 Index in the long run. The fall now is actually a very good opportunity to buy at the bottom.

At this moment, there is indeed a lot of money buying at the bottom, which also drives the New Securities 50 Index to continue to strengthen, rebounding all the way upward and returning to the 2100 point mark. Even the sharply fallen Xingyu Technology has returned to the 5 trillion market value mark.

……

(End of this chapter)