My fintech empire.

Chapter 1425 [5000 points is not a dream, 1 points is just the beginning]

On the following Tuesday, Wednesday and Thursday, the three major A-share trading markets all emerged from the recent six-day upward trend, and with the continued increase in trading volume, it seems that the entire market is entering a bull market, and the SGX market is no longer the only bull market.

On Tuesday, the New Securities 50 Index rose for the fourth consecutive day, and closed up +0.85% at 4745.43 points after the market. On Wednesday, it rose for the fifth consecutive day, soared +2.31% on the day, and surpassed the 4800 point mark in one fell swoop, closing at 4855.11 points after the market. On Thursday, it rose for the sixth consecutive day, and rose slightly by +0.11% to 4860.41 points.

In the past few days, the trading volume of the SGX market has been maintained at around 9500 billion, which is basically a quasi-trillion-dollar market if rounded off.

In addition, the Shanghai Composite Index successfully regained the 2700 point mark on Thursday.

All three major markets are rising, but the SGX market is still the most dazzling one in the entire A-share market. After breaking through the previous high, it is now setting new historical highs every day.

In terms of individual stocks, Bionic Power Company staged an elephant dance market. Since the first daily limit on the last trading day before the holiday, it has recorded five consecutive daily limits as of Thursday this week, and has recorded four consecutive daily limits in the four trading days since the holiday.

The company's latest share price is 148.79 yuan, and its corresponding total market value has exceeded the 5000 billion mark, specifically 5881.77 billion.

By this Friday, the three major stock indexes all stopped their six-day winning streak and all fell back today. The SSE 50 Index fell -1.56% today and closed at 4784.73 points.

Bionic Power Company opened with a flat board in the morning trading, but it also broke the board during the trading session due to the market's pullback, and once plunged to the +3% level, releasing more than 300 billion in trading volume. However, Bionic Power Company was strongly closed in the afternoon, and the intraday divergence turned from weak to strong, breaking out of the T-board market and achieving six consecutive daily limit increases. The market value further soared to a historical high of 6469.95 billion.

The current trend of this company gives people the feeling that it is about to reach over the trillion mark in one go.

……

Entering the weekend, on the weekend of February 2, the SGX market announced a piece of explosive news. At around 17 a.m. that day, the SGX publicly solicited opinions on the "Implementation Rules of the New Regulations on Delisting Management of New Town Stock Exchange (Draft for Comments)".

As soon as this draft for soliciting opinions was released, it caused an uproar in the A-share market that day, and the entire capital market was in a stir. Investors in the A-share market were completely excited, and all major stock forums and communication groups were hotly discussing this matter.

[Sure enough! The news is not groundless!]
[Witness history!]
[It has been about a month and a half since the rumors about the new delisting rules were first announced on January 1 this year. The rumors have finally come to fruition.]
[No wonder the market fell on Friday. Did someone know the news in advance? Did the good news turn out to be bad news?]
[Bad news, this is obviously good news of epic magnitude. According to your logic, the SGX 50 Index cannot rise to 4800 points. Don’t use your neighbor’s thinking to strategize the SGX market, or you will doubt your life. Times have changed, sir!]
[Last year, the interim peak of 4500 points had a trading volume of 1.09 trillion. Now the market has not yet completely broken through the trillion mark, so where does the saying of peaking come from?]
[Let’s take a look at the content of this draft opinion first. What does it say? It’s confidence! ]
[I must say that he is worthy of being one of the “three major people”. He broke the news more than a month ago, and it turned out to be exactly as he broke the news.]
[It’s different. I read the content of the manuscript and found another amazing rule that the news god didn’t mention. In the future, the issuers of companies listed on the SGX will have to report a valuation that they believe is reasonable to their own companies. If they are forced to delist due to fraud, even if the company’s latest stock price falls below the issue price, the issuer must repurchase the shares held by public investors at the issue price.]
[What the hell? Is this true?]
[It is written in black and white in the draft opinion, go and read it yourself, it is open for public comments.]
[This rule is great. Issuers know the level of their own companies and will never dare to overestimate their value or sell junk at sky-high prices. Bad money will not drive out good money. If they dare to do so, they will be bankrupt if they are found to have committed fraud and are liquidated.]
[Support! We must support!]
[Don't be too happy, this is just a draft, not 100% confirmed.]
[Uh… my friend, how old are you this year? Anyone with a bit of experience wouldn’t say something like this. They say it’s a solicitation of opinions, but in fact, your opinions and mine are useless. It’s just a process. If it can be released like this, it’s basically almost certain that it will be implemented like this.]
[No problem...(covering face.jpg)]
[My thighs are swollen from slapping. I hesitated when the Xinzheng 50 Index fell below 4200 points in the first few days of the year. I didn’t dare to chase it when it rose to more than 4500 points, fearing that I would stand still. I thought about buying it after a correction. Who would have thought that it would soar all the way and accelerate to more than 4800 points? It was really shocking.]
[Really? I told you before, I'll wait for you at 5000 points... (manually funny)]
[Go, go, go, all in! I’m going to lose all my money… (angry)(angry)(angry)]
[Five thousand points is not a dream, ten thousand points is just the beginning!]
……

The draft opinion released by the SGX has made people from all walks of life in the entire capital market uneasy, especially the off-market funds that have missed out on opportunities, who are extremely anxious. There will always be funds that have missed out on opportunities.

At present, investors' confidence in the SGX market is unprecedentedly high, and investors who have read the draft opinion are all extremely excited.

Many old stock investors who have been playing in the A-share market for more than ten years and have not made much money but instead lost a lot of money could not help but shed tears, saying that this day has finally come. The hundreds of millions of investors in the A-share market have been waiting for this moment for too long.

In addition to this most important good news, many good news are also released during the weekend.

First, the progress of bank wealth management subsidiaries is obvious. On the evening of the 17th, the website of the China Banking and Insurance Regulatory Commission announced that the establishment of a wealth management subsidiary of the Industrial and Commercial Bank of China, known as the world's first bank, has been officially approved. This is the fifth largest national bank to be fully approved to establish a wealth management subsidiary after the four major banks of China Construction Bank, Bank of China, Agricultural Bank of China, and Bank of Communications. Different from the previous batches, the wording of this approval document has been added to "realize the opening and operation of the wealth management subsidiary as soon as possible to provide more new compliant funds for the real economy and financial markets."

This news was interpreted as a major positive on the financial side, and the market generally expects wealth management subsidiaries to bring incremental funds to the capital market.

The second is that the social financing data in January was very impressive, 1 trillion yuan more than the same period last year, a record high, and 2.21 billion yuan more than the same period in a single month, also a record high.

Thirdly, many institutions expect that the scale of foreign capital flowing into the domestic capital market in 2019 may hit a new historical high. Last year, in 2018, the mainland capital market welcomed a record inflow of US$3000 billion in foreign capital, of which the inflow into the SGX market accounted for a huge US$2200 billion.

Many institutions generally expect that foreign investment in the domestic capital market will rise to US$2019 billion in 8000, setting a new historical high, among which the SGX market is expected to reach a historical high of US$6000 billion.

Data from the SGX shows that from the beginning of 2019 to date, the scale of foreign capital inflows has exceeded the US$1000 billion mark, with a specific figure of US$1083 billion, or RMB 7266 billion excluding exchange rate fluctuations.

Foreign capital has been "buying, buying, buying" almost every trading day since the beginning of the year. Regardless of whether the market is adjusting or rising, foreign capital maintains a net inflow trend. When the market is correcting, the net inflow is small, and when the market is rising sharply, the net inflow can easily exceed 500 billion. There have been a total of 28 trading days since the beginning of the year, and the average daily net inflow of foreign capital is nearly 260 billion.

Since the news of new delisting rules came out from the Singapore Exchange at the beginning of the year, foreign capital has been buying more and more aggressively, and more and more hot money has been pouring into this market.

……