My fintech empire.

Chapter 1388 [Amei is furious]

At around 13:55 p.m., Jiutianxing Network and Bionic Power, two major groups of listed companies, took over and led their industrial chains to take off again.

These hundreds of billions of listed subsidiaries of Qunxing Group, especially those with a scale of more than 4000 billion, almost all affect the entire industrial chain. In addition, many high-quality enterprises upstream and downstream of the industrial chain have also registered and listed on the SGX market. When a big one takes off, it can often drive dozens or even hundreds of individual stocks to take off, which is the so-called leading-driven model.

At the same time, the New Securities 50 Index also continued to rise unilaterally with its successive support.

Around 14:20, major market software pushed messages:
【Thousands of stocks in the SGX market were in the green, with only more than 20 stocks in the red. The SGX 50 Index rose by +3.65% in the afternoon, reaching the 4400-point mark, setting a new historical high. The current turnover of the SGX market exceeded 8000 billion. 】

Just one minute later, major market software released the following news:
[The net inflow of IPO stocks reached 572 billion, setting a new record for the largest single-day net inflow in history. ]

At this moment, the SGX 50 Index has soared to 4465 points and is still rising. After 50: pm in the last trading, just when the upward momentum of the SGX Index slowed down, two epic big guys, Xingyu Technology and Matrix Quantum, known as the "big and small kings" of the SGX, moved up and drove the market to take off again.

A slight increase of a few points in these two ultimate big stocks easily lifted the intraday gains of the New Securities 50 Index to above the +4% level.

When investors of A-shares saw the long leg of the Xinzheng 50 Index today, they exclaimed, "It's crazy, the whole market is crazy!"
Unless you are extremely unlucky and buy those 20 green-capped stocks, you will make money today.

The market conditions in the SGX market have made many investors feel that anyone can become a stock god. Some people even joked that it is difficult to make money in the two neighboring markets, but it is difficult to lose money in the SGX. These are simply two extremes.

However, the performance of the two neighboring markets today is actually quite good. The Shanghai Composite Index gradually stabilized and moved higher under the leadership of heavyweight stocks. In the afternoon, the SGX market staged an epic short squeeze, which also led to the entire A-share market. The market obviously increased in volume on a large scale, attracting incremental off-market funds to enter the market.

Led by heavyweight stocks, the Shanghai Composite Index rose by more than 2.5% at one point, once touching the 2800 point mark. However, in sharp contrast, theme stocks weakened across the board. Unless it was the SGX market, it was almost despised by everyone in the Shanghai and Shenzhen stock markets. This is the case with the A-share market now.

At around 14:58, the major market soft push messages:
[SGX market turnover has once again set a new record for the largest single-day turnover since the market opened in 2016. The current turnover has exceeded the 1 trillion mark, the first time since the market opened in 2016 that the single-day turnover has exceeded the trillion mark. ]

When investors in the A-share market saw the SGX market turnover exceed one trillion yuan, they were all stunned, as if they were dreaming back to the epic leveraged bull market in the first half of 2015. At that time, there was no SGX, but the Shanghai Composite Index had a single market turnover of over one trillion yuan, which was contributed by the off-market leveraged funds.

As for the current SGX market, it is not to say that there is no off-market financing or leveraged funds, but that the proportion is very small. This is because Fang Hong has already set the tone: there is no problem with rising prices, but the entry of leveraged funds and off-market financing into the market must be strictly investigated.

The SGX also has good control, but without off-market financing and leveraged funds, how can it achieve a trillion-dollar transaction volume?

There are mainly four aspects. The first is the market makers and the trillion-dollar stabilization fund, which need not be explained; the second is the continued large-scale net inflow of foreign capital into the SGX market; the third is the continuous "savings migration" of the general public, which has brought huge incremental funds; and the fourth is the diversion of real estate market funds into the SGX market.

That's right. Today, the SGX market is also competing with the property market for liquidity to a certain extent, and has snatched a lot of liquidity. To put it bluntly, some real estate speculators choose to speculate in stocks instead of real estate. The reason for this is that the SGX market has continued to be in a bull market, and the investment return rate of the SGX 50 ETF has significantly outperformed housing prices.

In the past three years or so, since the monetization of shantytown renovation in 2016, the real estate market has started a new round of frenzy. House prices in some areas have doubled, which is already impressive. However, the SGX market also opened in early 2016. The initial value of the SGX 50 Index was 1000 points, and now it has exceeded 4400 points. In less than three years, the cumulative increase has exceeded 345%. This return on investment directly kills the real estate market.

If calculated from the historical lowest point of the New 50 Index of 788.87 points, the cumulative increase has reached +465%. At the same time, 200 million to buy a house would now be at most 400 million, but if you had entered the market at 1000 points when the SGX opened and bought the New Certificate 50 ETF and held it until now, 200 million would have become 890 million. If you had bottomed out at the historical lowest point, 200 million would have become 1130 million.

The SGX market has created the longest bull market cycle in the history of A-shares, surpassing the 2015 wave, the 2007 wave, and even the wave before the millennium. The SGX 50 Index has been in operation for nearly three years and is still in a bull market today.

Precisely because the SGX market has created an unprecedented bull market cycle, it has gradually attracted funds from the real estate market to be diverted to the stock market. However, relatively speaking, the diverted funds are not too excessive. No matter how you look at it, as a stock market, the SGX market is certainly much more risky. After all, the stock market is an unfamiliar track for real estate speculation groups.

As the market closed at 15:, the three major A-share indices were all in the green today, with the SGX leading the market.

The SGX 50 Index surged +4.49% to 4493.89 points; the Shanghai Composite Index rose +2.50% to 2797.48 points; the Shenzhen Component Index rose +2.13% to 8409.18 points. The three major trading markets had a total turnover of 13348 billion, of which the SGX market had 10133 billion, accounting for more than three quarters, and the combined turnover of the Shanghai and Shenzhen markets accounted for less than 25%.

In terms of foreign capital inflows, the SGX market was still a day of crazy buying by foreign capital today. After-market data showed that the net inflow reached 613 billion, setting a new record.

After the market closed, all investors in the A-share market were excited, and most of the after-market news was discussing the tycoon's $5500 billion order.

This news reached Lao Mei's ears across the ocean, and he learned that the rich people in Shat had actually made a direct advance payment of 500 billion US dollars. Lao Mei realized that all the pressure on the rich people in Shat during this period was in vain.

I was furious on the spot.

What made Lao Mei most angry was that he learned this news from the news, and even some retail investors in the A-share market knew it before Lao Mei.

Xiao Saraman transferred the money without saying a word, and Lao Mei didn't get any information about it. He thought the matter was settled, but he never expected it to be like this. Lao Mei felt like he was slapped in the face by the rich man.

But Lao Mei didn't intend to give up and couldn't stand it, so he decided to continue to increase the intensity for Xiao Sa Le and was determined to cancel this order.

On the following weekend, when people from all walks of life in China were celebrating the finalization of a $5500 billion aerospace contract with a wealthy man from Thailand, Lao Mei had secretly sent someone to contact the wealthy man from Thailand overnight.

This time, the strength of little Saerman was increased crazily. Lao Mei was too lazy to even pretend and asked little Saerman in the face: Do you want industry or your life?

……

(End of this chapter)