My fintech empire.

As of the closing, the three major A-share trading markets all ended in the green.

新证50指数大涨+2.39%，报5061.22点；沪指大涨+1.91%，报2804.23点；深成指大涨+2.36%，报8651.20点。

The total turnover of the three major markets was 18070 billion, of which the SGX market's full-day turnover was 11848 billion, ranking second in the record of the largest single-day turnover in history, second only to the 11942 billion on Tuesday this week.

Today, the three major A-share indices all showed positive signs. It was a rare occurrence that the closing prices of the three major indices were all the highest prices of the day. This shows that the market has not yet finished rising and it is already closing time. It is certain that the market will open higher next Monday, unless there is a major unexpected negative news over the weekend.

Because the news that came out today is so heavy, the top leaders used the phrase "finance is the lifeblood" to evaluate the financial market. Now most investors have not realized the value of these keywords, and many investors don't even know the news.

……

New city, quiet villa.

At this moment, Fang Hong already knew that the SGX registration system pilot project had been publicly praised by the higher-ups. It was basically undisputed that the SGX 50 Index was the face of the A-share market, and the Shanghai Composite Index had to lag behind.

From now on, the Xinzheng 50 Index will be the most important large-cap index of the A-share market. There is no doubt that its status surpasses the Shanghai Composite Index, both in fact and in name.

"The market is going to go crazy next Monday..." Fang Hong seemed to be talking to himself, then turned his head to look at the beautiful assistant next to him and ordered: "The trillion-yuan stabilization fund will operate in the open market next Monday, and sell 3000 billion yuan on the same day."

Tian Jiayi nodded: "Yeah."

Fang Hong has already felt the madness in the market sentiment and atmosphere at the end of today's trading. The shorts have been completely defeated, and funds from all walks of life have been scrambling to buy shares like crazy. The SGX market has soared to nearly 4000 billion in trading volume at the end of the trading day.

Moreover, the SGX market has maintained a record of over one trillion yuan in single-market transactions for a week in a row. Fang Hong did not even need to check. He was sure that at this time there must be a lot of funds that would not listen to advice and would use leverage and off-market financing to rush into the market.

A few words verbally will not be enough to stop these crazy funds, but they must be suppressed. This is the time for the trillion-dollar stabilization fund to come out and stabilize the market.

After a moment, Fang Hong added: "Also, let the SGX step up its investigation of leveraged funds and off-market financing, and find out as soon as possible how much leveraged funds have rushed in. Next Monday, the stabilization fund will take action to see if it can calm the market down. If it can't calm down, we will increase the pressure layer by layer."

Tian Jiayi nodded again.

……

As the weekend approached, the news spread and continued to ferment.

Various media organizations have also reported that keywords such as "economy is the body, finance is the blood" have been frequently cited as headlines of news reports by major media, and have continued to ferment and spread, and investors have also paid attention to it.

In addition, this weekend is once again filled with good news.

On the weekend of February 2, Trump announced that the date for raising tariffs on Japanese goods would be postponed again, and the Mao-Israel war ushered in new expectations of easing.

Foreign capital continued to flow into the A-share market in large quantities, especially the SGX market, which saw net inflows of more than 2000 billion yuan in the five trading days this week, breaking the monthly record before the end of February.

Regulators encourage insurance funds to enter the market. The news sender of the China Banking and Insurance Regulatory Commission said in a recent media interview that the China Banking and Insurance Regulatory Commission encourages insurance funds to increase their holdings of listed company stocks and participate in capital market investment.

In the external market, the global stock market is also celebrating, sweeping away the gloom of last year. The magnesium stock market has also risen again recently due to the expectation of easing the news of the crude oil trade war.

The latest data shows that phenomena such as bond defaults have been alleviated. In particular, one of the reasons why the Shanghai and Shenzhen stock markets continued to decline before the New Year was that the market was worried that phenomena such as goodwill of listed companies, equity pledges, and bond defaults would erupt in a concentrated manner.

However, since the beginning of 2019, there has been no relevant news in the market.

A number of macro data will be released tomorrow, and the export growth rate is expected to further increase. At the same time, since the Spring Festival holiday, movie box office has hit a new high, and tourist attractions in various places are full. Analysts generally expect that this year's consumer market is expected to have a good start.

It is also worth mentioning that the real estate market is still sluggish this year, which has further led to a shift in funds to the stock market. Since the beginning of the year, second-hand housing prices in first- and second-tier cities have fallen across the board. Not only are the real estate transaction volumes in first-tier cities such as New Taipei, Guangzhou and Shenzhen sluggish, but second-tier cities that had been rising all the way last year have also cooled down significantly.

Under such circumstances, funds are also flowing out of the real estate market and have become a major reinforcement for the stock market.

During the weekend, the screen was almost full of good news, which was overwhelming.

At the same time, many investors are trying to get money to enter the market and increase their positions during this weekend. Some retail investors even cash out from Jiebei on Taobao and enter the market. They all think that entering the market now is an opportunity to make money. In fact, this is leveraging, whether formal or informal, the degree of leverage is different.

There are even some investors who ask friends to borrow money, claiming that they have urgent needs, but in fact they are borrowing money to increase their holdings.

……

After the weekend, it was Monday, September 2th.

The A-share market ushered in the first trading day of the new week. Under the intensive bombardment of major positive news over the weekend, the three major stock indexes opened sharply higher one after another.

新证50指数竞价以5141.05点大幅高开+1.58%，直接竞价就站上5100点关口；沪指以2838.39点大幅高开+1.22%，深成指以8804.97点大幅高开+1.78%。

At nine o'clock in the morning, the SGX market was the first to open. The SGX 50 Index opened high and continued to move higher, with a large gap up and no pullback. It opened directly with volume and formed a barefoot positive.

Then at 9:30, the Shanghai and Shenzhen stock markets opened as scheduled, and also opened high and continued to rise. The three major trading markets collectively surged. The three main lines on the market were technology in the SGX market, big finance in the Shanghai market, and venture capital in the Shenzhen market. They all surged together, and the bears were completely crushed by the bulls without any resistance.

All industry sectors surged across the board, with individual stocks experiencing a surge in prices. More than 500 stocks in the three major trading markets hit their daily limit, of which about 200 stocks in the SGX market hit their daily limit. Only 13 stocks fell in the three major markets.

The most spectacular was the big finance concept. All 42 stocks in the brokerage sector hit their daily limit, securities ETFs hit two consecutive daily limits, the insurance sector was also close to hitting its daily limit today, and the banking sector rose by more than 8%. The main sector indices of the Shanghai and Shenzhen stock markets rose by more than 5 percentage points.

At this moment, the entire A-share market can only be described by the word "crazy".

The weakest index today was the New Securities 50 Index. The market indices of the Shanghai and Shenzhen stock markets had already risen by 5 percentage points in the afternoon, while the New Securities 50 Index only rose by about 2.5 percentage points.

Because the SGX's trillion-dollar stabilization fund is stabilizing the crazy bulls in the market, they have been selling crazily and releasing selling pressure. The stabilization fund is not only releasing selling pressure on the six major SGX 50 ETFs, but also on other individual stocks.

But even so, today's bullish strength exceeded Fang Hong's expectations.

The trillion-dollar stabilization fund has unleashed billions of dollars of selling pressure one after another, but the market has been able to absorb it all!
A wave of selling pressure of tens of billions of funds was released in an instant, which only caused the volatility of the New Certificate 50 Index to drop by about 0.5 percentage points. However, it did not trigger a follow-up sell-off by funds. Instead, the sell-off was taken up by off-market funds that rushed into the market and then quickly rebounded.

The stabilization fund has to continue to release selling pressure, otherwise the intraday line will not be able to stop moving up.

As time went by, until around 14:37 in the closing session, the 3000 billion yuan of selling pressure planned by the Trillion Stabilization Fund was fully released. As there was no latest instruction from Fang Hong to increase the selling pressure, the Stabilization Fund chose to stop after releasing 3000 billion yuan.

The New Securities 50 Index could no longer be suppressed, breaking through the +3.05% level in the closing trading and rising all the way...

Today's bulls have gone completely crazy.

...(End of chapter)