My fintech empire.

Chapter 1331 [The Last Carnival]

The market opened on Wednesday, February 2, the last trading day of the month.

Blue Ocean New Town officially landed on the SGX today. The company re-IPOed and raised 8.77 million yuan with an issue market value of 117 billion yuan. The original investors holding the stock, whether institutional or large and small retail investors, remained basically unchanged, which was basically the same as the collective relocation of more than group-listed companies to the SGX market that year.

Small retail investors who hold Blue Ocean New Materials but do not meet the SGX market account opening threshold can continue to hold them or choose to sell them. However, they will not be able to buy them again after selling them. If they want to buy them again, they must follow the SGX account opening threshold and open a SGX account investment authority.

Therefore, some small retail investors who originally held the stock would only have one chance to sell it if they did not open an investment account on the SGX.

The result is that more than 90% of small retail investors choose to hold on and not sell.

There was no limit on the price fluctuation on the first day of listing of Blue Ocean New Materials on the SGX. Today, the stock price rose by +157%, and the after-hours market value was 300.69 billion. The shareholders who were trapped in it finally made a huge recovery. Even those whose shares were cut in half not only recovered their investment within one day today, but also made money.

Retail investors who held the stock were overjoyed, while those who sold the stock before dawn were slapping their thighs with swollen thighs, and those who watched Leshi.com's stock price hit the daily limit for 12 consecutive days after it opened were envious.

Blue Ocean New Materials has become the top streamer of the A-share market in the past two days and has received a lot of attention from the market, making it the most popular one.

As a result, a series of strange spectacles began to unfold in the small and medium-sized start-ups next door. Many shareholders who were trapped in the small and medium-sized start-ups ran to question the company's secretary, asking whether the company should delist or go public on the Singapore Exchange.

Or some investors directly expressed their intention to delist their shares and then re-list them on the Singapore Exchange.

This situation has happened to not just one or two companies, but many. The bosses of those companies also want to do this, but they don’t know the situation of their own companies. Let’s not talk about whether they can succeed in the SGX, but first of all, do they dare to go to the SGX?
Today, the ChiNext Index not only did not fall but closed up +0.58%. It even reached a high of +1.71% during the session. This was clearly negative news for China ChiNext, but the actual market conditions were completely the opposite, leaving many investors speechless with confusion.

……

Entering March, on Thursday, March 3, the ChiNext Index surged by +3%. This market trend left investors scratching their heads and extremely confused.

Today’s small and medium-sized start-ups are in a state of chaos, with each showing off their own unique skills. One moment, there are rumors that this company is going to delist and list on the Singapore Exchange, and the next moment, similar rumors appear about that company, and then the stock price soars and hits the daily limit!
After tasting the sweetness, more and more people followed suit, short essays were flying everywhere, and people who committed fraud came one after another.

This made the people in the neighboring village really uncomfortable and they didn't know what to do.

It is difficult to make a decision to strike hard or not, because small and medium-sized enterprises are indeed taking off at this moment, and the liquidity shortage has been greatly alleviated. If you strike hard, you will definitely die suddenly.

But it is not appropriate to just ignore it, because the logical support for the current hot market of small and medium-sized enterprises is very poor. It can be said to be digging for the root cause, because the logic of capital-driven market is that your high-quality targets will go to the SGX market.

In other words, after this period of revelry is over, it will be completely over.

While the eight immortals were showing their magical powers here, the SGX 50 Index in the neighboring SGX market fell back to the 3450 point range and adjusted for four or five days. On Tuesday, March 3, the SGX 6 Index closed up +50% at 2.03 points, returning to 3528.50 points again.

After a correction of -0.66% the next day, the Xinzheng 50 Index went on to rise for three consecutive days, closing up +1.03%, +1.02% and 1.33% respectively. The closing price was locked at 3625.25 points. It not only regained the 3600 point mark, but also broke through the historical high of 3623.53 points to set a new high.

Investors have nothing but worship for the Xinzheng 50 Index. Excluding holidays, it took only 16 trading days to rise from 3206 points to a new high. The increase in this period exceeded 13 percentage points, while the Shanghai Composite Index next door is still at more than 3300 points. The gap between the two major indexes is widening as time goes by.

Today, when the SGX 50 Index hit a record high, a big event happened on the side of the small and medium-sized start-ups next door. After the market closed, the secretary of a company with a market value of 56 billion yuan responded to some shareholders' inquiries online and said directly that the company's management was discussing delisting and transferring to the SGX.

This stock has recently gone through five consecutive gains, and if counted from the bottom, it has doubled.

As soon as the news came out, the popularity index of the stock soared directly. However, this incident caused the people in the neighboring village, which were already in a difficult situation, to move directly to Bengbu.

The result was that this company was directly put in the black box!

"What the hell is this? What kind of funds are behind this company's trading? How can it be so stupid?" When another fund that was in charge of the market saw the news, he started cursing on the spot. Not only him, but many "gods" wanted to kill the trader of that company.

How could such a thing be brought up so blatantly? The villagers had no choice but to take action.

Originally, everyone had a tacit understanding and didn't want to break the window paper. They just wrote some small articles to get rid of the gossip and rumors. The village would just send an inquiry letter, and you would reply with a letter. And you didn't have to reply immediately. You could wait until the deadline to reply. During this period, you could still raise the stock price sharply, and there was enough time.

In the end, you just broke the window paper?
The other "gods" didn't care that the company was put in the small black room. What made them angry was that they could have continued to have fun for a while, but this idiot's actions basically ended it early.

Some of the funds used for trading have not yet been sold out!

As expected, the next day, Tuesday, March 3, small and medium-sized start-up stocks experienced a flash crash at the opening, and funds fled in a stampede. The two leading stocks in this round of market opened directly with a limit down.

Funds from all walks of life are rushing to get ahead in a stampede, directly pressing the nuclear button for a nuclear explosion. Big investors, small retail investors, hot money, and so on, those who are participating in this round of market speculation today are all pressing the nuclear button like crazy.

Last week, many people may not have understood the logic behind the takeoff of small and medium-sized enterprises. However, after such a long time, anyone with a discerning eye knows what is going on. It can be said to be the last madness.

So many stocks are taking off, rising in succession or even doubling in price, but most of the participants know that more than 90% of them are weak stocks and will go down just as they went up.

If there really were so many good stocks, small and medium-sized growth stocks would not have fallen to such a state and been abandoned by hundreds of millions of retail investors.

Taking a step back, even if there really is a stock like Blue Ocean New Materials, it would be much more difficult to replicate Blue Ocean New Materials' previous rapid delisting and subsequent gorgeous turnaround to list on the Singapore Exchange.

The success of Blue Ocean New Materials was unexpected. The people in the neighboring village never expected it. Now they have come to their senses. It is not so easy for you to withdraw.

All in all, small and medium-sized enterprises suffered a sudden crash today.

The ChiNext Index also plummeted by -5.79%, falling below 1800 points. Sentiment receded, leaving a mess behind.

In the following days, the stocks of various useless companies began to plummet to the limit down.

However, some companies soon found a new way to play the game. The bosses of some listed companies really began to release the news openly, saying that they planned to delist and then apply for registration and listing on the Singapore Exchange.

The CEOs of these small number of companies are also very cunning. First of all, their companies are really good and not some worthless companies. Their situation is similar to that of Blue Ocean New Materials. This is a prerequisite, otherwise this path cannot be pursued.

After the cards are revealed, the company will first get the "certification label" of a good company, and funds will definitely come to support it. Because there is an expectation of going to the SGX, the stock price will not be seriously underestimated. In other words, the company's stock price will have strong support.

Knowing that the two venues are competing against each other means that you can have the best of both worlds and the initiative is in your hands. Furthermore, once you have gained the recognition of market funds, you can slowly move towards delisting. If you are determined to delist, no one can stop you.

……

(End of this chapter)