My fintech empire.

Chapter 1386 [The target is Youang Capital]

The following day was Tuesday.

The SGX-ST was the first to open the A-share market, with the SGX 50 Index opening at 4116.11 points, up +0.56%. Among them, Xingyu Technology opened slightly higher by +0.37%. However, Xingyu Technology's industrial chain sector opened higher by 1.23%. Most stocks of listed companies related to the industrial chain opened higher by more than 3 percentage points.

At 9 o'clock, the SGX market officially opened. Xingyu Technology fell back for one minute to the zero axis and then fluctuated upward. About 10 minutes after the opening, the increase expanded to +3.55%.

Half an hour later, Xingyu Technology's increase expanded to +7.22%, and its market value exceeded 11 trillion, setting a historical high.

It then began to fluctuate and fall slightly. Today's intraday high had already been reached in the early trading session, but it also reached the 11 trillion market value mark for the first time, setting a new high.

Obviously, Fang Hongfa's Weibo post yesterday stimulated the surge in Xingyu Technology. The company's two heavyweight core products have become popular in the Russian market, and the overall performance in the overseas market has far exceeded the expectations of market analysts.

More than half an hour after the opening of the SGX market, the net inflow of northbound funds has exceeded 20 billion. Among them, the net inflow data of foreign capital into Xingyu Technology showed that more than billion had been bought. Some of the capital institutions behind these inflows of foreign capital actually came from the Beijing Magnesium stock market, and they smashed the Apple stock market. After the funds there were freed up, the SGX market increased its holdings in Xingyu Technology.

It is the nature of capital to seek profit and avoid harm. Apple was beaten by Xingyu Technology in the Greater China market, and was also crushed in the Ross market. It couldn't withstand a single move. You were defeated just after others entered the market in the second half of the year. You couldn't even hold on for a quarter. Capital said it is difficult to support you.

Driven by the super-large weight of Xingyu Technology, the New Securities 50 Index also broke through the 2 percentage point increase.

As time went by, the Shanghai and Shenzhen stock markets next door also opened at 9:30. The Shanghai and Shenzhen stock markets also changed their previous downward trend today. After opening slightly lower in the morning, they rose sharply. In the afternoon, driven by the large infrastructure sector, the Shanghai Composite Index rebounded strongly, breaking through the 5-day and 10-day lines in one fell swoop. The stocks in the large infrastructure sector set off a daily limit tide. Only more than 300 stocks in the two markets were in the red, and the atmosphere of long positions improved.

The explosion of the neighboring infrastructure sector was driven by news. The construction industry PMI employment index, a leading indicator of infrastructure investment, has rebounded significantly for three consecutive months.

On the SGX market side, Xingyu Technology and its industrial chain sectors led the market in the morning session. In the afternoon, Jiuzhou Blue Arrow and its industrial chain-related stocks and the aerospace sector were active again, once again helping the SGX 50 Index to rise, regaining the 4200 point mark, and finally closing with a big bullish candlestick.

By the close, the SGX 50 Index rose by +3.32% to 4229.14 points, and the trading volume of the SGX market hit a record high of 8851 billion. In the Shanghai and Shenzhen stock markets, the Shanghai Composite Index closed up +1.82% after the market to 2699.95 points, with a turnover of 1130 billion; the Shenzhen Component Index closed up +1.67% after the market to 8133.22 points, with a turnover of 1406 billion.

The total transaction volume of the three major markets was 11387 billion, and the transaction volume of the SGX market accounted for more than three quarters of the total. The transaction volume of the two neighboring markets now adds up to less than 3000 billion. The liquidity is getting worse and worse, and no one is playing anymore.

As for foreign capital, today the Shanghai Stock Connect had a net inflow of 17 billion, the Shenzhen Stock Connect had a net inflow of 4 million, and the SGX had a net inflow of 429 billion. The net inflow of foreign capital in the two neighboring cities is not even a fraction of that in the SGX market.

Even northbound funds are reluctant to play, while the SGX market is rapidly increasing its positions.

Data shows that the total market value of foreign capital held in the SGX market has now reached 8300 billion yuan. This growth rate has shocked the capital market, and it may take only a month to break the trillion level.

Many people are worried about the rapid influx of foreign capital, and are afraid that such a sudden buying spree will cause trouble. What will they do if the market crashes?
This worry is obviously unnecessary. The cost line of foreign capital is not low. Since the official operation of the New Hong Kong Stock Connect, the net inflow of foreign capital into the SGX market has not been a bottom-fishing exercise, but basically it has been chasing the rise.

The total market value of foreign capital now exceeds RMB 8000 billion, but compared with the total market value of RMB 45.7 trillion of the SGX market, the market value of foreign capital holdings of RMB 8300 billion accounts for less than 2% of the total, only about 1.81%. Even if all of them dumped their shares and ran away, at most a 10 percentage point hole would be created in the short term, but it would not affect the general trend of the SGX market and would be repaired quickly. The SGX stabilization fund alone could take over with a slight effort, and there would be no need for the stars to step in.

Moreover, there is basically no Youang Capital in the mainstream foreign capital. This is actually quite important. Youang Capital basically comes to destroy the place, but without Youang Capital, non-Western overseas capital accounts for a large proportion, and even Western capital is mainly European capital.

Youang Capital didn't come not because they didn't want to come, they wanted to come very badly. They were privately jealous of the investment return rate in the SGX market.

But now, what about magnesium stocks?
There is no answer to this problem for Youang Capital!

Coming here means contributing liquidity to the SGX, so you might as well not think about bringing down the SGX market, or just watch others make big money without being jealous. If Youang Capital withdraws funds, the liquidity of magnesium stocks will be further squeezed.

Moreover, they have to consider another consequence. Although the New Certificate 50 Index is rising rapidly now, that is because Youang Capital has not come, or has come very little. If a large influx of funds comes in, Fang Hong will secretly hold down the market, preventing it from rising or falling, and will just keep fluctuating sideways. Youang Capital will definitely be numb.

Once the market is in a state of sideways fluctuation for a long time, Youang Capital will not be able to make a penny, and will no longer have the idea of ​​making a quick buck and running away. It will not only not make a penny but also provide liquidity to the SGX market for such a long time in vain.

Therefore, Youang Capital hates the SGX market with a vengeance, and the degree of hatred is no less than that of some domestic financial rentiers and insiders.

The SGX market is now very large, with a total market value of RMB 45.7 trillion. It seems that no one can control the direction of the entire market, but Youang Capital does not believe this idea, because they operate the entire Beimei capital market themselves and know too well how to play it.

Under normal circumstances, magnesium stocks should have collapsed long ago. Taking a step back, Apple's current market value could never be worth more than 8000 billion US dollars. Of course, it is already 7000 billion today. It is not because magnesium stocks cannot collapse, but because the Youang group dare not let it collapse.

Because of this, Youang Capital does not doubt the ability of Qunxing Group to control the SGX market. What is meant by "fixed star" and "ballast stone"? This is not just a literal statement.

In fact, Youang Capital's concerns are correct. Fang Hong is planning to do just that. When Youang Capital is not here, the stock price will soar. Whenever Youang Capital flows into the SGX market on a large scale, Fang Hong will definitely take action to suppress the market's upward momentum.

He will not forcibly reap Youang Capital. After all, that is not cost-effective. Reaping them means that the market will plummet. This is like picking up sesame seeds and losing watermelons. Fang Hong will naturally not do such an operation.

If Youang Capital really enters the market on a large scale, the market will go sideways. It is simple and crude but very effective. Anyway, you can provide liquidity to the SGX market, and it will keep going sideways. Just wait and see, no matter how long it takes, it depends on whether your Beijing magnesium stock market can withstand the long-term consumption. If it can't, it will eventually go back obediently, but it will not take away any profit because the market has not risen, which means a huge loss of time and capital costs.

As soon as Youang Capital left, the market immediately went up. You wanted to make a comeback, and I continued to fluctuate. Are you angry? Youang Capital was very angry, but there was nothing they could do about it, because this was an unsolvable conspiracy.

So it was right for them not to come, and they did not come.

It is obvious that Fang Hong wants the SGX market to open up to foreign capital and welcomes global capital participation, but this does not include Youang Capital. He is targeting Youang Capital.

……

(End of this chapter)