My fintech empire.

Chapter 1416 [No one dares to be the first in the world]

Tian Jiayi, who had made a memorandum of the matter, could not help but look at Fang Hong and said, "According to the current securities law, the punishment measures are not that severe, and without specific legal basis, it may be difficult to deter delisting companies."

Hearing this, Fang Hong said with a smile: "Who said we have to use securities laws? Isn't there a law to follow according to the Contract Law? When the time comes, we can set up a subordinate entity with the endorsement of the SGX, sign an agreement with all registered and listed companies, and add the new delisting rules to the terms of this agreement."

Tian Jiayi suddenly realized.

In this way, there will be a law to follow, and the punishment measures can be ensured to be implemented. The major shareholders, actual controllers or company bosses of the delisted companies will not be able to evade punishment even if they want to, because there is a law to follow and it can be enforced.

Fang Hong added: "After the new regulations are implemented, all listed companies will have to sign a supplementary agreement with their subordinate entities. Those who are unwilling to sign will be forced to delist."

There is no doubt that Qunxing Enterprise will take the lead in signing, and other listed companies will basically sign. If the news comes out that a listed company will not sign, the company's stock price will definitely plummet. The vast majority of investors will definitely think that your unwillingness to sign means that you have something to hide.

The stock price is unlikely to hold up, and investors will definitely choose to stay away from it to avoid stepping on a landmine.

Tian Jiayi immediately asked: "When will the new regulations be implemented?"

Fang Hong thought for a while and said, "Let's set the time point around May or June next year, and land it in the third quarter of next year at the latest."

Hearing this, Tian Jiayi nodded.

This is a major new regulation that will definitely require careful consideration and take some time; it cannot be introduced all at once.

After a while, Fang Hong said again: "Let the SGX study the details. Half a year should be enough. For example, is it possible that someone will exploit loopholes in the new regulations to harm the legitimate interests of issuers? I think it is possible. The SGX market must protect the legitimate interests of both investors and issuers. New regulations cannot be thrown out without any thought. They must be fully considered."

The SGX market has introduced a series of measures to protect investors. Since issuers have natural advantages, it is necessary to help enhance the advantages of investors to achieve a balance.

However, evil behavior does not distinguish between issuers and investors. Anyone can do evil. There are weak issuers and strong investors.

It cannot be ruled out that some powerful investors will set up schemes to harm issuers, and the interests of issuers also need to be effectively protected, rather than blindly favoring investors, which would otherwise make them accomplices and ultimately bring negative effects to the entire market.

There is no doubt that with the announcement of this new regulation, it will greatly boost investment confidence in the SGX market.

Fang Hong also wants to take advantage of the current time window to pave the way for this matter and solidify the rules, because sooner or later Guo Jia's team's company will be listed on the SGX market.

These companies have become more powerful.

There is no big problem for large rice seedling companies, because Guo Jia's team will back them up no matter what.

But it's hard to say about some local state-owned enterprises. Some of them may even be fearless due to their status, and they act like if you force your way in, they will just lie down and do whatever they want. Wouldn't you feel numb when you encounter such a situation?

It can be seen from this that if we do not pave the way and set the rules in advance, and wait until these strong companies come to the SGX market, we will face great resistance when we try to do this.

Fang Hong didn't want the place he had put so much effort into setting up to be ruined by a few bad apples.

Now that the rules have been completely finalized, even if there will be great resistance and difficulty in enforcing them against the powerful state-owned enterprises that have been delisted, it will at least ensure that you are always in the right when pursuing claims and that you can basically guarantee a win in lawsuits. This means that no matter how difficult it is, at least there is hope and there will always be light at the end of the tunnel.

Fang Hong is also very confident that now that the rules have been thoroughly established, they will not be easily overturned, because by that time the SGX market's overall index will definitely be above 10,000 points or even 20,000 points, and the SGX market's market capitalization will be astonishingly large.

Moreover, Fang Hong has been working hard to actively promote "savings migration", which is the greatest force to protect order. In the future, most of the savings of ordinary people will be in the stock market.

This rule is one of the foundations of the SGX. If anyone dares to pull out this fundamental thing, investors will be terrified, the market will be shaken instantly, the confidence of the entire capital market will be severely hit, and investors will retreat in a stampede.

The consequence is that the entire market will collapse and even ten bulls cannot pull it back. The entire financial market will detonate a systemic crisis in the huge shock. If hundreds of millions or even billions of ordinary people's money evaporates due to the market collapse, systemic financial risks will inevitably be transmitted to the real economy, and it is highly likely that turmoil will be caused.

If the SGX market at that time experienced a crash similar to the catastrophic market in 2015, the destructive power would be more than ten times greater than that in 2015. The catastrophic market in 2015 was already very bad, and it would be more than ten times worse than this, which is unimaginable.

This is tantamount to poking the sky. Who dares to take responsibility for such a huge matter? It is not as simple as a lesson. You will really lose your head. If you don't kill them, it will not be enough to appease the anger of the people. Later, the relevant people involved will be uprooted and a big prison will be set up. If you don't lose your head, you will step on the sewing machine until it smokes.

Even in the 2015 wave, there were a lot of people using sewing machines.

Maybe someone will be tempted to do it in the future, but no one will dare to actually do it. No one dares to be the first to do it because they cannot afford the consequences.

……

As the New Year's Day holiday comes to an end, it is Wednesday, January 2019, 1.

The A-share market ushered in the first trading day of 2019, but the first trading day of the new year encountered a green start. The three major stock indexes opened higher in the morning bidding, and then opened higher and fell after the opening. The Shanghai Composite Index fell below the 2500 point mark and once touched the previous low.

Theme stocks performed relatively strongly during the session, with the 5G sector, infrastructure sector and other sectors all performing well.

In terms of individual stocks, Dongfang Communication in the Shanghai Stock Exchange has hit the daily limit for three consecutive days. The stock has the leading qualities of a 5G concept stock. In the past two and a half months, it has risen from the bottom price of 3.70 yuan to today's price of 12.62 yuan, and the cumulative increase has reached +241.08%. Fang Hong is also impressed by this stock.

Because in the previous life, the biggest bull stock in 2019 was Dongfang Communications, which was hyped up by the market. At its highest point, it reached a price of 41.88 yuan, a 10-fold increase.

However, it is questionable whether the price can be hyped up to 41.88 yuan at the moment, because the overall market environment has undergone tremendous changes compared with Fang Hong's previous life. There are not many retail investors in the two neighboring markets. This is also an important reason why it is difficult for the Shanghai and Shenzhen stock markets to have big stocks that soar more than five times in the short term.

Without the participation of retail investors, institutions will most likely not play. It is not fun to chop each other with sickles. It is like a thousand-year-old fox playing Strange Stories from a Chinese Studio.

It is highly likely that Dongfang Communications will find it difficult to achieve a tenfold increase again, as the entire market environment has changed!
As the market was approaching the end of the afternoon trading, the securities sector saw some unusual movements and rose against the trend. Guahai Securities once surged by +7%, followed by Tianfeng Securities, Guasheng Financial Holdings and others.

As of the closing, the three major trading markets all ended in the red. The SSE 50 Index closed down -0.83% at 4225.48 points; the Shanghai Composite Index fell -1.15% to 2465.29 points; and the Shenzhen Component Index fell -1.25% to 7149.27 points.

The total trading volume of the three markets was 7383 billion. Some time ago, the daily trading volume of the SGX market alone was more than 7000 billion. Today, the SGX's volume also shrank to 5120 billion. Compared with the two neighboring markets, it is indeed very large, but for the SGX market, this is the lowest volume.

The situation in the two neighboring markets is even worse. The Shanghai Composite Index directly fell below the 976 billion yuan trading volume mark, with only 1287 billion yuan today, and the Shenzhen Stock Exchange has only billion yuan.

……