My fintech empire.

Chapter 1414 [SGX delivers a brilliant report card]

The SGX market was launched in early 2016 and has officially been open for trading for three years today. The SGX 50 Index has recorded three consecutive positive days over the past three years.

The first year saw a 98.39% increase, the second year saw a 46.57% increase, this year saw a 46.52% increase, and the three-year accumulative increase was 326.08%. The SGX has been in operation for three years and has experienced a three-year bull market, becoming the market with the highest return on investment among major global capital markets during the same period.

The birth of the SGX market has also made it the market with the longest bull market in the history of the A-share market, and it is still in a bull market today.

Compared with the two neighboring cities, this year's A-share market can be described as a world of ice and fire.

As of the close of the last trading day, the total market value of the Shanghai and Shenzhen stock markets was 43.36 trillion yuan, a year-on-year decrease of 8.74 trillion yuan. The total market value of the Singapore Exchange was locked at 56.83 trillion yuan, an increase of 37.9 trillion yuan over last year's 18.93 trillion yuan.

Last year, the total market value of the A-share market was 90 trillion yuan. Although the market value of the Shanghai and Shenzhen stock markets has shrunk by 8.74 trillion yuan this year, the performance of the Singapore Exchange is too outstanding. Even though the two neighboring stock markets are seriously lagging behind, it has raised the total market value of the A-share market to a historic trillion yuan mark for the first time, reaching 100.19 trillion yuan.

Even if the market value of A-shares exceeds one hundred trillion yuan, it will still be at least 20 trillion yuan less than this year's GDP.

The SGX market has soared sharply, and some individual stocks have indeed created quite a big bubble, but overall there is basically no bubble. Moreover, the companies listed on the SGX market that have created bubbles are mainly the big guys in the star system, and these big guys are constantly creating huge value and filling the bubble.

In contrast, during the same period, the market value of magnesium stocks this year was fixed at 37.59 trillion US dollars, and the GDP of magnesium this year is estimated to be around 20 trillion US dollars, which is still a lot of water. Even if it is not watered at all, the GDP of magnesium this year is 37.59 billion US dollars higher than the market value of magnesium stocks of 17.59 trillion, and the market value of the stock market is 1.87 times its GDP.

The stock market of old magnesium is equivalent to about 258 trillion yuan. The economic size of both sides has been reduced to less than 3 trillion US dollars this year. Even if it is denominated in US dollars, the gap is basically the same. However, the stock market of old magnesium is 1.57 times larger than that of the A-share market. In fact, if the garbage in the two cities next to the A-share market is squeezed out, it will not be 1.57 times but more than 2 times.

In other words, if the A-share market is compared with magnesium stocks, it is undervalued. If the SGX market is compared with the magnesium stock market alone, it is even more seriously undervalued.

Of course, the stock market bubble of Lao Mei is huge. Although Fang Hong also supports the SGX market to inflate a certain bubble, it will not be as outrageous as that of Lao Mei. But generally speaking, the SGX market is still far from its ceiling.

In addition, the annual transaction volume of the three major A-share trading markets in 2018 was 40 trillion yuan for the Shanghai Stock Exchange, with an average daily transaction volume of 1646 billion yuan; the annual transaction volume of the Shenzhen Stock Exchange was 49.7 trillion yuan, with an average daily transaction volume of 2045 billion yuan; the annual transaction volume of the SGX market reached 165.5 trillion yuan, with an average daily transaction volume of 6810 billion yuan.

The annual turnover of the three major trading markets exceeded 255 trillion, setting a new record for A-shares.

These big data show that the performance of securities companies this year will not be bad, but securities stocks have been falling this year.

直到10月下旬传出群星资本再次大举增持券商股才起飞了一段时间，券商板块在10月19日至11月19日这一个月的时间累计大涨超过了+51%。

However, in the next month and a half, the +51% gain was lost by half. The reason was that Qunxing Capital did not increase its holdings significantly after December. In addition, some short-term profit-taking investors chose to sell their shares and run away, and there was also selling pressure caused by the release of some trapped shares.

As of now, the number of listed companies on the SGX market is 1531. The number of newly registered and listed companies has decreased again, falling for two consecutive years. This year, a total of 392 companies have achieved initial public offerings and registration and listing on the SGX market, with a total financing scale of 2634 billion yuan, and an average financing scale of 6.72 million yuan per company.

In contrast, 105 companies were listed on the Shanghai and Shenzhen stock markets this year, with a total financing scale of 1378 billion yuan, and an average financing of 13.13 billion yuan per company. These companies took almost twice as much money as the companies registered and listed on the Singapore Exchange, but they fell terribly.

The SGX market only had more than 600 companies listed in the first year of its opening. In the following two years, the number has been decreasing year by year, and it is likely to decrease further next year.

The reason why so many companies were listed in the first year, and the high frequency of listing in the past three years, is because there is an urgent need to expand the pool.

Now the total number of listed companies has exceeded 1500, and they have initially acquired the capacity to serve as a reservoir and their scale has also increased.

Moreover, most of the good companies have been listed. It takes time for new enterprises to incubate and grow, so it is reasonable that the number of companies registered and listed will further decrease. The current SGX market has the ability to metabolize itself, so Fang Hong will naturally not intervene excessively and let the market metabolize normally.

It is worth mentioning that this year's SGX market has won a series of "top ten" achievements, such as the top ten bull stocks were all born in the SGX market, the top ten stocks with the highest turnover were all in the SGX market, the top ten stocks with the highest net capital inflow were all in the SGX market, and the top ten most profitable new stocks were all in the SGX market...

Of course, the two neighboring cities also achieved many "top ten" achievements, such as the top ten plummeting stocks and the top ten stocks with net outflow of funds.

The total market value of foreign holdings in the SGX market reached 13582 billion, accounting for about 2.39% of the total market value of the SGX market.

This series of data also shows that the SGX market has in fact become the absolute face of the A-share market. Whether it is comparing various data such as market capitalization and trading activity, it has already surpassed the two neighboring markets.

It is no exaggeration to say that the two neighboring cities can still exist today because of the listed companies of Guo Jia's team.

There is another particularly eye-catching data, that is, the SGX market continues to maintain about 70% of investors making profits, once again proving to the world that the stock market can make the vast majority of people profitable.

Data shows that investors participating in the SGX market made an average profit of more than 2018 yuan per person in 12.22, and the total number of investors participating in the market is about 1.5 million, totaling 18.33 trillion yuan. This year, the SGX market has increased its market value by 18.93 trillion yuan, and the two data are basically consistent.

The vast majority of retail investors invest in the SGX market through on-exchange ETFs or over-the-counter funds, but the number of individual investors in the SGX market also hit a record high, breaking through the 500 million mark.

You should know that in the first year of the opening of the Singapore Exchange, less than 200 million people opened accounts because the threshold of this market is too high for retail investors. One of the biggest thresholds is that the account assets must be 100 million yuan, and the market value of holdings must not be less than 100 million for a period of time.

Why did the number of individual investors exceed 500 million this year? To a large extent, it is because some individual investors who participated in the SGX market in the past three years made a lot of money. These people originally had only about to yuan or to yuan in funds. In the past few years, the money they earned from the SGX market, plus the principal, exceeded the million mark.

Once the capital threshold is met, the permission to invest and trade individual stocks on the SGX will be opened. Even if one continues to invest in ETFs instead of individual stocks, the permission will be opened first. That is why the number of trading accounts has now exceeded 500 million.

新证50指数三年时间从初始值的1000点涨到了现在的4200多点，如果一个投资者在三年前用25万元的资金买了新证50ETF持有至今不动，累计获利能够达到+326%，账户资金体量也破了百万大关。

Of course, there are very few people who can hold on to their stocks for three years without selling.

……