My fintech empire.

The market trading activity on the first trading day of the new year was indeed mediocre, and the entire market was lackluster. It seemed that everyone was a little uninspired. The securities firms just froze a little, and the New Securities 50 Index was still adjusting.

Only some short-term funds that have nothing interesting to do go to pull Dongfang Communications.

The next day, Thursday, December 1th.

In today's A-share market, the three major stock indexes opened low and then fell back after rising, showing overall weakness in the afternoon. The Shenzhen Component Index hit a new low since May 2014. Theme stocks were relatively active during the session. In the late afternoon, Dongfang Communication hit the daily limit and went on a four-day winning streak.

The current situation is that the overall market is very weak, but there are local hotspots.

The military industry sector became the most popular sector today, followed closely by the ultra-high voltage sector. Local hotspots were in these two sectors, especially in the military industry sector, where more than ten stocks hit the daily limit, staging a daily limit surge.

The reason is driven by a piece of news. It is reported that Chief Allen has found the Bionic Power Company and wants to purchase a batch of foreign trade-oriented intelligent bionic weapons and equipment, including bionic manta rays, combat robot dogs, etc.

In particular, the robot dog products of Bionic Dynamics have been very popular recently, both in the military and civilian fields.

Rumor has it that the starting price of the export version of the combat robot dog is US$3.77, which is equivalent to RMB 25 per dog. The price of the civilian version of the robot dog is only RMB 1 per dog, and it can be ordered directly on Jingdong and Taobao.

However, there is a difference between the military version and the civilian version, and the rumors are not groundless. But what the outside world absolutely does not know is that the civilian version of the robot dog is sold at a lower price but its cost is 50% higher. The cost of the military version of the combat robot dog is 3000 yuan.

We are currently negotiating the price with the people from the Arab Emirates. The starting price of the export-type combat robot dog is indeed more than 4.5 US dollars. Compared with the production cost, the profit margin is +10000%, which means a premium of 100 times the profit.

The premium rate is quite astonishing, but when the wealthy people in the Middle East saw that this fighting robot dog was priced at less than 5 US dollars, they not only did not think it was expensive, but even thought it was too cheap, so much so that the negotiators of Bionic Power Company secretly slapped their thighs and exclaimed: Oops, the offer is too low!

I originally thought that I was asking for an exorbitant price, and a 100-fold profit premium was a bit outrageous. If the rich think it is too expensive, they can bargain for it, and cutting the price in half is completely acceptable.

But I didn’t expect the rich man to be even more outrageous. He didn’t even bargain and agreed immediately.

The rich people in the Middle East really don't think it's expensive. It costs millions of dollars to purchase an armored vehicle. A tank and armored vehicle are equivalent to dozens or even hundreds of combat robot dogs. The rich people even feel they have made a profit.

Bionic Dynamics, which was listed on the SGX last year, also saw its share price hit the daily limit today driven by the news, and subsequently led the military industry sector to take off.

The company's market value has climbed to 3233 billion after its stock price hit the daily limit today. At the beginning of December last year, its market value peaked at 12 billion. Another increase of +3762% will set a new historical high.

However, while Bionic Power Company led the military industry sector to take off, it did not lead the entire market on its own. Although it is also a large-cap stock with a market value of over 3000 billion, it is still a bit behind the previous super brothers with a market value of trillions of yuan.

The Xinzheng 50 Index also formed an inverted "T"-shaped daily K-line today and closed slightly lower, but the trading volume increased compared to yesterday.

As of the closing, the SSE 50 Index closed down -0.19% at 4217.43 points, with a turnover of 5754 billion yuan; the Shanghai Composite Index closed down -0.04% at 2464.36 points, with a turnover of 1069 billion yuan; the Shenzhen Component Index closed down -0.84% ​​at 7089.44 points, with a turnover of 1452 billion yuan. The total turnover of the three major markets was 8275 billion yuan.

……

New city, quiet villa.

Tian Jiayi, who had just returned from the company, was chatting with Fang Hong at the moment: "The stock market has continued to fall in the first two days of the year. The SGX is fine, but the Shanghai and Shenzhen stock markets continue to hit historical lows. Some stockholders have started to come up with new tricks and started to reversely inquire about the Shanghai and Shenzhen stock markets."

Fang Hong asked curiously, "How do you say that?"

Tian Jiayi immediately took out his mobile phone and slid the screen, then handed it to Fang Hong. The latter took a look and saw that it was an "inquiry letter" that had been circulating rapidly in stock forums and stock trading circles recently.

【

Shanghai and Shenzhen Stock Exchanges:

Over the past decade, against the backdrop of overall stability in the international and domestic economies, an improving domestic economy and an annual growth rate leading the world, stock markets in various overseas countries have risen sharply over the past decade, setting new highs. However, the Shanghai and Shenzhen stock markets have fallen instead of rising and have remained below 2500 points for more than a decade.

Please explain:
1. Why, in the macroeconomic context where the domestic economy is generally improving and the economic growth rate is leading the world, the Shanghai and Shenzhen stock markets are going in the opposite direction and falling against the trend for a long time?

2. Recently, the Shanghai and Shenzhen stock market indices have repeatedly hit historical lows. Is there any market manipulation?

3. Do you have the ability to continuously manage the Shanghai and Shenzhen stock markets?

Please make a written explanation on the above issues and explain the relevant explanatory materials to all investors and disclose them to the public before January 2019, 1.

——Small and medium-sized investors in Shanghai and Shenzhen stock markets

-June 2019, 1

】

Fang Hong glanced at the "inquiry letter" and laughed, "This paragraph is well written..."

In fact, over the past year, as long as A-share investors participated in the SGX market, whether they directly invested in individual stocks, participated in on-exchange ETF investments, or participated in SGX-listed thematic public funds off-exchange, they all achieved varying degrees of returns. More than 70% of the participants in the entire market had positive returns.

Investors participating in the SGX market did not feel any bear market in the past year. On the contrary, they were in a bull market.

You know, in 2018, the New Securities 50 Index rose by +46% throughout the year.

Although there are not many retail investors playing in the two neighboring markets, it does not mean that there are none. There are still some.

As for why these people did not go to the SGX market, there are two main reasons. One reason is that their funds are deeply trapped in the two neighboring markets and they are reluctant to sell them. The other reason is that the SGX market has risen too high and they are afraid that they will have to take over the market if they go there.

But they never expected that the New Securities 50 Index would continue to rise for three consecutive years. Then, as they saw the New Securities 50 Index rising more and more, they were more afraid to get on board. The more they were afraid to get on board, the higher it rose. On the other hand, those who were trapped on the other side were more reluctant to sell their stocks as they fell, and the more they were reluctant to sell their stocks, the higher it fell.

整个2018年全年下来他们都快要精神崩溃了，尤其是看到隔壁新交所市场新证50指数在2018年全年一路突破3000点、3500点、4000点到4500点……

The price has risen so much that they are beginning to doubt their lives.

I also spent countless nights regretting not selling my shares earlier and buying the Xinzheng 50 ETF.

When the New Securities 50 Index broke through 3500 points, I regretted not entering the market at 3000 points. It would have been great if I had entered the market. Now I dare not chase it anymore.

When the New Securities 50 Index broke through 4000 points, I regretted not entering the market at 3500 points. It would have been great if I had entered the market. Now I dare not chase it anymore.

When the New Securities 50 Index broke through 4500 points, I regretted not entering the market at 4000 points. It would have been great if I had entered the market. Now I dare not chase it anymore.

The market that was trapped on this side hit new lows again and again, and the market that missed out on the opportunity on the other side hit new highs again and again. This group of investors suffered a lot throughout 2018. They were full of resentment and were very stubborn. In fact, they regretted and regretted again and again, but were unwilling to accept the cruel reality.

People are almost depressed.

However, most of the stockholders of the A-share market have already escaped from the sea of ​​suffering. After embracing the SGX market, they feel that the whole world has become a better place. If the stockholders of the SGX market are currently living in fear of rising prices, then the stockholders of the two neighboring cities are living in the pain of falling prices.

...(End of chapter)