My fintech empire.

Chapter 1309 [Collective blacklisting, market terrified]

None of them were dealt with, and Xiao Yi really lived in Bengbu. Then he got anxious and directly issued a stern warning to Xiao Yi and the rich man, telling them not to deploy those things to places like the Eastern Mediterranean and the Red Sea, and not to spread those things to their younger brothers, otherwise they would bear the consequences.

Faced with the stern warning from this "little bully", the local tyrant was a little timid. At this moment, the so-called "little bully"'s invincible golden body was still intact, and he was still very intimidating in his small territory in the Middle East. At least the local tyrant was a little weak, so he said nothing and had no reaction.

But Xiao Yi was not afraid at all. Facing those stern warnings from the so-called "little bully", Xiao Yi just treated them as a fart and fought back hard, saying that I bought the toys myself and I can play with them however I want and give them to whoever I want. It is not your turn to point fingers. If you don't accept it, then do it!
The two sides were directly exchanging insults with each other, and the situation became very tense.

Fang Hong was also very concerned about this matter, and he kept an eye on the news in the Middle East. He didn't want the Middle East to be set on fire because of this kind of thing. The timing was not right, and it would not be a good thing if it was set on fire.

……

"Lao Gao, Xiao Yi in the Middle East has been a little excited recently. When you send a technical guidance team over, take the opportunity to talk to them. Don't get too excited. Just have a war of words, but don't get serious." At this moment, Fang Hong was in the study on the second floor having a video call with Ma Gaoyuan.

Hearing what the big boss said, Ma Gaoyuan immediately said: "That's fine, but they may not listen to us."

Fang Hong immediately said, "Whether they listen or not is one thing, but we still have to persuade them when it's time. Besides, the weight of our words is not as low as you think. We should persuade them with emotion and reason. The goods have not been delivered yet, but they have to be delivered anyway. It won't be too late to form combat effectiveness and then take action."

Ma Gaoyuan nodded: "I understand."

The delivery of goods takes time. According to the order contract agreement, all deliveries will be completed within three years. It will take some time to learn, use and run-in the new equipment, and then to finally form combat effectiveness. By that time, the timing will be almost right, and we can do it.

At this moment, Fang Hong's cell phone rang. He answered the call and after a while he said, "Okay, got it."

He hung up the phone immediately. At this time, Ma Gaoyuan in the video also received a call. He answered the call and talked for a few words. He immediately looked up at the video screen and said, "I just received news that Lao Mei has blocked Bionic Power Company."

Fang Hong said calmly, "It's the same. Not only Bionic Power Company, but all the participating companies in the Star System have been blacklisted. This is to be expected."

Ma Gaoyuan was quite calm at this moment, because the big boss had greeted him earlier, and America must have taken some action. Now it just verified that the big boss's judgment was accurate.

Finally, Fang Hong put down his phone and said, "That's it. You'll be busy from now on, so go and take care of your business."

The two parties ended the video call at this point, and Ma Gaoyuan immediately went to deal with the issue of being blocked. Not long after, Qin Feng who was in charge of Xingyu Technology, Chen Yu of Matrix Quantum and others also called Fang Hong one after another to inform him of being blocked.

America has been struggling in the public opinion field, and has been talking to local tycoons and India, but has failed to ruin the $475 billion super order.

Finally, we can only look for trouble with the galaxies.

To put it bluntly, it's a bit like throwing the jar into the ground. America knows that the blacklisting operation will not have much substantial impact on these galaxy companies. Now even high-end chips are about to break through, and it's not a matter of possibility, but a matter of time.

America still does this, more out of bluffing, to show others, to demonstrate to the world that she is still the number one on Blue Star and will punish anyone who disobeys her.

The reason for the blacklisting was that some of the products of these Galaxy Technology companies were purchased from North America and then provided to Xiao Yi, thus violating America's export ban.

So they are blocked. Anyone who dares to do business with these galaxy companies will be dealt with in the future.

It is worth mentioning that these high-tech companies in the galaxy do not directly purchase some products from North America. America does not give them what they like, and does not like what it can give them.

However, some manufacturers in its supply chain have business dealings with North America, so some components do contain North American products, but they are not irreplaceable.

This is normal. In this era of globalization, it is impossible for a product to have even its own screws, and there is no need for that. Fang Hong's strategy for Qunxing Technology Company is to keep unique technologies and lifeblood firmly in hand, and leave the unimportant things that can be replaced at any time to the supply chain.

At the same time, we do not overly control the upstream and downstream supply chain companies. They all have their own autonomy and as long as the products they supply meet the standards, that is fine.

But this just gave America an excuse. In fact, even if there was no such excuse, she would find other excuses. When you want to frame someone, you can always find a pretext to accuse them.

Before this incident happened, Fang Hong was mentally prepared and had also prepared Ma Gaoyuan and others under him mentally, so they did not feel caught off guard when this incident happened.

It was the outside world that was frightened by this sudden incident.

The news came suddenly and many people did not react, and the capital market was scared by the news.

Today is Thursday, November 11rd. At around 23:14 pm, the news spread outside. The stock market had not yet closed, but the stock market plummeted as soon as the news came out. The SGX market fell across the board, and a panic dive occurred at around 12:14 pm.

Most of the galaxy companies that were hacked by America have already been listed on the SGX, and listed companies such as Starry Sky Technology, Matrix Quantum, and Kunpeng Technology are all top-ranked large-cap stocks on the SGX.

They are all falling sharply at the moment, dragging down the SSE 50 Index as well.

The adjustment was only ended in the first three days of this week, with three consecutive positive days and a record high. The highest point reached 2943.93 points.

The big plunge at this moment directly swallowed up the three consecutive positive days from Monday to Wednesday this week. Driven by panic, funds fled in a rush, and the index broke through the 2900 and 2800 integer levels one after another, reaching a low of 2782.60 points.

Fortunately, the SGX market implements T+3 for institutions and T+1 for retail investors. Many large institutional funds that entered the market in the past two days cannot escape now even if they want to, otherwise the decline will be further expanded.

As of the closing, the three major A-share trading markets all suffered heavy losses, among which the SGX market fell the most. The SGX 50 Index plummeted -4.65% after the market, closing at 2796.43 points. The full-day turnover of the SGX market also released a huge amount of 5181 billion. The daily turnover scale exceeded the 5000 billion mark for the first time, breaking the daily turnover record since the market opened.

Shortly after receiving the news that he was hacked by America, Fang Hong paid attention to the reaction of the capital market. However, he did not issue an order to urgently support the market. He also took this opportunity to allow the market to complete a round of fast-paced turnover, shake out some profitable funds, and make room for latecomers to get on board.

Because in the next one or two months, Fang Hong will launch an exponential bull market lasting more than a month before the Singapore Exchange opens the foreign investment access channel. Moreover, it will be a unilateral rise without any pullback, and the SGX 50 Index will be pushed to above 3600 points in one breath.

Now that the market has plummeted, it should be considered as a time to accumulate strength for the next takeoff.

……

(End of this chapter)