My fintech empire.

Chapter 1397 [Release of Good News]

The following Friday.

On the last trading day of this week, the SGX market opened first. The SGX 50 Index opened slightly lower today, falling below the 4200 point mark, and the intraday low fell to 4188.84 points.

The Shanghai and Shenzhen stock markets next door also opened lower, with the Shanghai Composite Index falling more than 1.4 percentage points during the session, reaching a low of 2449.20 points.

After 9:33, the three major stock indexes opened low and ended high, indicating that good news had arrived.

First, one bank, two associations and three other bodies spoke out simultaneously, proposing a number of positive measures to boost market confidence. At this time, Fang Hong also notified Tian Jiayi, who was in the company, and asked him to announce the arrival of the final payment of US$500 billion from the rich man's advance payment.

At around 10 o'clock, Qunxing Capital disclosed an announcement, announcing that the rich man from Sat had also transferred the balance of the advance payment of US$500 billion. At this point, the advance payment of US$1000 billion in real cash had actually been received. Soon after, the three major stock indexes began to take off under the impetus of intensive positive factors.

When various funds in the capital market saw the news, they understood that the signal could not be more obvious and they could no longer be bearish on the market.

In addition, the market has fallen sharply in the short term in the past few days, and there is a need for an oversold rebound.

With the intensive release of positive news and the demand for oversold rebound, the three major A-share indices rose collectively, and individual stocks on the market showed an overall upward trend. There were only more than 300 stocks in the two markets, and less than 60 stocks in the SGX market. Almost all sectors were in the green.

In addition, technology stocks became the leading gainers of the three major stock indices in the A-share market today.

From the market perspective, the Shanghai and Shenzhen stock markets are stronger than the SGX market today, because the big financial sector next door is also very strong today. Especially the securities sector, which hit a record low in the call auction this morning, breaking the low since July 2014, 7, and basically breaking through the bull market gains from the second half of 25 to 2014.

But after hitting a new low, it quickly rose all the way to turn positive, with the brokerage sector's gain exceeding 4 percentage points at one point in the afternoon.

To get out of this market situation, an important factor that cannot be ignored is that Fang Hong has issued a new instruction to Qunxing Capital, which is to comprehensively increase holdings of brokerage stocks and insurance stocks.

This is the first time he has increased his holdings in securities and insurance stocks in five years, and the first time he has entered the big financial sector in three years since he sold off all his holdings in securities and insurance stocks in May 2015.

When the market was about to close, Fang Hong, who was watching the market in the trading room on the second floor of his home, called Tian Jiayi at the company and told him, "Announce the $1000 billion order from the rich man in Sat during the weekend."

The beautiful assistant on the other end of the phone replied: "Well, OK. Anything else?"

Fang Hong added: "Spread the news that Qunxing has massively increased its holdings in the financial sector, especially securities stocks, over the weekend."

Tian Jiayi replied: "I understand."

After the call ended, Fang Hong looked at today's market again. The market had just closed.

Today, the three major A-share trading markets all rose, with the SGX 50 Index up +2.11% to 4291.75 points; the Shanghai Composite Index up +2.58% to 2550.47 points; and the Shenzhen Component Index up +2.79% to 7387.74 points. The three markets had a total turnover of 10773 billion, of which the SGX market had a turnover of 7903 billion.

Foreign capital net inflow was 272 billion, of which the new stock connect had a net inflow of 227 billion, the Shanghai-Hong Kong Stock Connect had a net inflow of 36 billion, and the Shenzhen-Hong Kong Stock Connect had a net inflow of 9 million.

……

The next day, Saturday, Qunxing Group once again announced a major news. Its cooperation with the rich man Sat has reached a new height. After winning an epic $5500 billion aerospace industry order, the rich man placed another super order worth $1000 billion. The two parties will carry out in-depth strategic cooperation in the fields of Internet, AI and big data.

The local tycoon wanted to build the largest storage and computing integrated data center in the Middle East, and gave the order to a technology company in a major Eastern country.

As soon as this news came out, the term "Shat tycoon" once again dominated the internet in Greater China and became a hot topic, attracting reports from various media outlets, and a large number of netizens and self-media also joined in the discussion.

[The local tycoons are so inhumane, are they using US dollars as Zimbabwean currency?]
[I was confused, did the local tycoon use an unlimited gold coin cheat... (covering face.jpg)]
[There is nothing we can do about the food God has given us. We have oil and minerals, and we are extremely rich... (laughing and crying.jpg)]
[It is no exaggeration to say that the money of the rich comes as easily as the wind.]
[Rich man: I can’t spend it all… (tearful smile.jpg)]
[A few days ago, they reached a $2700 billion deal with Lao Mei and bought more than $800 billion in U.S. debt. Now they have placed another $1000 billion deal with us. I don’t know how to describe how rich the local tyrants are.]
[Didn’t the local tycoons report a while ago that the anti-corruption storm started by Sarah Huckabee had taken out $8000 billion from a bunch of relatives’ pockets?]
[Xiao Sa Le Man has something, he is indeed one of the three most powerful people born in the 1980s on the surface of the blue planet... (Shiba Inu.jpg)]
[If you don’t understand, just ask, who are the other two?]
[One is in our house, and the other is our next-door neighbor...(Erha.jpg)]
[Our family? That must be God K. I remember God K was also born in the 1980s, so it must be God K without a doubt.]
……

At the weekend, another blockbuster news came out that shocked all the funds in the capital market. Rumors spread that Qunxing Capital had significantly increased its holdings of large financial stocks on Friday, especially in the securities sector.

Investors firmly believe that the news is not groundless, and a look at the latest K-line shows that the performance of the three financial sectors on Friday was indeed very strong, with the banking sector rising by more than 3 percentage points, the securities sector rising by more than 4 percentage points, and the insurance sector rising by more than 5 percentage points.

Judging from the overall market index, the performance of the three major trading markets on Friday was rarely stronger than that of the SGX market, with the Shanghai and Shenzhen stock markets.

During the weekend, the news that Qunxing Capital increased its holdings in major financial institutions was circulating in the industry, and a large number of self-media bloggers were also analyzing and interpreting the matter in various ways. Everyone couldn't help but think that before July 2014, Qunxing Capital had been increasing its holdings in brokerage stocks, from the beginning of 7 to the first half of 2012.

The current position of the securities sector has basically fallen to the initial position when the bull market started in July 2014, which has excited a lot of funds.

Even many financial bigwigs have said that a new round of bull market cycle is very likely to come in the Shanghai and Shenzhen stock markets, and securities companies will definitely be the standard-bearers in the bull market. What's more, Qunxing Capital has once again intervened in the big financial sector, which is already a very strong signal.

Throughout the weekend, investors in the A-share market paid more and more attention to the big financial concept sector because of this rumor.

There are also endless voices of optimism.

For example, some people analyzed that in 2018, although the Shanghai and Shenzhen stock markets were bearish for almost a whole year and even fell into liquidity crisis several times, and there was almost no trading volume in the two markets, the performance of securities companies was not bad. Although the Shanghai and Shenzhen stock markets were bearish for almost a whole year and liquidity was almost exhausted, at the same time, the SGX market has been setting new highs in the bull market cycle this year.

Moreover, the trading volume of the SGX market this year is quite large, and there have even been several occasions when the daily trading volume has exceeded 1 trillion. In normal times, the daily trading volume is maintained at to billion. Because of the SGX market and the liquidity of the Shanghai and Shenzhen stock markets, even if the liquidity is poor, there is still a volume of billion. In fact, the three major trading days of the A-share market have been in a trillion-volume market most of the time this year.

The larger the trading volume, the better the brokerage's performance will be, and the more commissions it earns. At the same time, the brokerage sector has fallen to the level of July 2014 in the past three years. The performance was not bad to begin with, and the price-earnings ratio has hit a record low. The brokerage is definitely at the lowest valuation range in history, and it is impossible to fall further. It may take off at any time, and the only thing left is when the main force will start the market.

Today there is news that Qunxing has increased its holdings again. Doesn’t that mean the main force is coming?
……