My fintech empire.

Chapter 1418 [Rumors about the new rules caused a stir]

The following Friday.

Affected by the plunge in U.S. stocks last night, the A-share market opened lower across the board today. However, the impact of the external market will only affect the opening of the A-share market at most. Some smart funds will use it to conduct reverse arbitrage.

沪指早盘跌破2449点，最低下探至2440点，创2014年11月以来的新低。新证50指数最低跌至-0.54%水位，也失守4200点关口，最低下探至4194.73点水气，不过并没有跌破去年10月19日4188.84点。

After a one or two minute decline after the opening, the three major stock indexes began to rise and fluctuate higher. The Xinzheng 50 Index was the first to turn red, and then fluctuated around the zero axis.

At around 10:, the bullish strength of the Shanghai and Shenzhen stock markets surpassed that of the Singapore Exchange market and began to rise unilaterally. The market showed that the "Three Idiots in Finance" were rising strongly, especially the securities sector, which was running wildly and leading the index to strengthen all the way.

There are no financial stocks in the SGX market, and it is currently still fluctuating at the +0.35% level. When the two neighboring markets were rising violently, the SGX 50 Index even retreated.

However, today's violent rise in the securities sector was not caused by Qunxing Capital's increased holdings of securities stocks. Qunxing Capital bought crazily last year and pushed up the securities sector index by 50 points. By now, it has almost increased its holdings, and even if it increases its holdings later, it will not be too much.

Today's big surge was due to a piece of breaking news. A senior leader visited the inclusive finance departments of the three major banks. The leader made it clear that there would be further tax cuts and targeted reserve requirement ratio cuts. After the news came out, the big financial sector took off directly today.

The performance of the New Securities 50 Index was average in the morning session, and the limelight was stolen by the two neighboring cities. All industry sectors in the two cities strengthened, and the securities sector set off a surge in daily limit stocks.

The Shanghai and Shenzhen stock markets made a big reversal today. They opened very low because of the impact of yesterday's plunge in the Nasdaq and the Dow Jones Industrial Average, but after opening, they opened low and ended high, especially the Shanghai Composite Index, which continued to rise after 10:10 thanks to the outbreak of the securities sector.

Judging from the increase, the performance of the two markets today is not bad, and the trading volume has also increased significantly. Only 150 stocks fell, and the entry of large off-market funds was also quite obvious. The main sectors that pulled up the market, among which the largest main sector was the securities sector, were close to the daily limit at the highest point of the entire sector, and individual stocks set off a daily limit tide, especially small and medium-sized securities stocks.

The strength of the two neighboring cities was a bit beyond investors' expectations. In fact, many people thought that after the Shanghai Composite Index fell below 2440, there would be funds rushing to rebound, but they did not expect that the intraday trend would be so strong all the way.

On the contrary, the SGX market lagged behind today, with its maximum intraday increase after turning positive not even exceeding 0.5 percentage points.

However, the securities sector began to weaken at the opening of the afternoon session, and the index also followed suit.

……

There are "three very powerful people" in the capital market, namely, sources, insiders, and authoritative people. These three people will call the market to leak information from time to time.

At around 14:11 p.m., word spread that a source had revealed a very explosive piece of news: the SGX market may introduce new delisting rules.

According to the source who broke the news: the delisting mechanism under the new regulations includes forced delisting and voluntary delisting. Once the delisting decision takes effect, the delisted company will undergo an asset appraisal by a professional team to estimate a market fair price. The delisted company must repurchase shares from public investors at the fair price, otherwise it will face severe punishment.

Once the news was leaked, the market did not react for about five minutes and everyone was stunned.

It was not until around 14:15 that I finally came back to my senses. The capital market immediately exploded, followed by a general rise in stocks on the Singapore Exchange.

Off-market funds poured in frantically, and the intraday line of the Xinzheng 50 Index continued to rise without any retracement, showing a bullish squeeze trend.

This piece of rumor has been widely circulated and hotly discussed in major stock exchange groups, stock forums, etc.

[Wow, is this news true or false?]
[It has gone viral in the industry. Judging from previous rumors, most of them are true.]
[Awesome! I absolutely support it!]
[What do you mean? ]
[Even if a listed company on the SGX market is delisted, it will be held accountable and its shareholders will be compensated.]
[During the two previous bull markets, many people said that 5000 points was not a dream and 1 points was just a starting point, but in the end it was always 3000 points. But now, it can really be said that 5000 points is not a dream and 1 points is just a starting point.]
[To put it more clearly, 50 points for the SGX 5000 Index is not a dream, 1 points is just the beginning, not including the two neighboring cities... (狗头.jpg)]
[I have long said that the SGX market should make further improvements on the issue of delisting. However, for the A-share market, the birth of the SGX is historic. I thought it would take a few more years, but I didn’t expect the news to come out so soon, although it was just a rumor…]
[I have been investing in small and medium-sized enterprises for three years. When will it end? I am extremely disappointed with this crappy market.]
[There are people playing next door? How stubborn...]
[In the past three years, if I have bought any Xinzheng 50ETF, I have made back my investment, and I may even make some money.]
[The small and medium-sized start-ups next door? Even dogs don’t play with them. Staying away from them is the best choice. Not to mention that there is no delisting compensation mechanism, the companies have already been emptied out. Even if there is delisting compensation, there is nothing to compensate.]
[If you don’t come soon, the Xinzheng 50 Index will break 5000 points. I’ll wait for you at 5000 points… (manually funny)]
[SGX is the future, no doubt about it.]
……

As a rumor about the "new delisting rules of the Singapore Exchange" spread like wildfire, the SGX 50 Index rose unilaterally in the afternoon, presenting a short squeeze trend and a sharp increase in trading volume.

Off-market funds are clearly rushing into the market, and the net inflow of foreign capital has also soared significantly, easily breaking through the 300 billion mark.

The Xinzheng 50 Index also regained the 4200 point mark in the afternoon and strongly regained the 4300 point mark. This rumor undoubtedly greatly boosted the confidence of market investors.

From a technical perspective, today the New Securities 50 Index fell to the low before October 10 last year. This position itself has support, and now it has taken off directly with the help of news.

The SGX 50 Index, which had been significantly underperforming the Shanghai and Shenzhen stock markets, also reversed course in the afternoon. In addition, due to a shocking news from the SGX market, a large amount of funds flowed into this market. Some funds that should have flowed to the two neighboring cities also entered the SGX market. Some funds even cut their losses and left the neighboring markets and ran to the SGX market.

However, the subsequent efforts of major stocks such as Universe First Bank and Zhongyou Petrochemical stabilized the Shanghai Composite Index, and the index rose again in the late trading, but it could not catch up with the Xinzheng 50 Index.

As of the closing, the three major A-share trading markets all ended in the red, with all showing a bright positive trend.

The SGX 50 Index surged by +3.08% to 4347.20 points. The SGX market's full-day trading volume increased significantly to 8338 billion, while yesterday's trading volume was only 5754 billion. The Shanghai Composite Index closed up +2.05% after the market to 2514.87 points, with a turnover of 1393 billion. The Shenzhen Component Index rose by +2.76% to 7284.84 points, with a turnover of 1830 billion.

The three major markets once again entered a trillion-dollar trading volume state, with a total transaction volume of 11561 billion.

……