My fintech empire.

Chapter 1430 [Dream Back to the First Half of 2015]

The Xinzheng 50 Index reached 5000 points last Friday, and today it broke through the 5100 and 5200 points in one go. If it weren't for the stabilization fund's intervention, it would have definitely broken through the 5300 point mark today.

At 14:55 in the last trading session, all major market software pushed news updates:
【A股三大交易市场总成交额炒2.39万亿，刷新了2015年5月28日2.37万亿的市场最大单日成交额记录】

At the same time, discussions in major stock forums and communication groups were extremely heated, and the key words for the surge in A-shares directly became the hot search on the Internet.

[It’s crazy, it’s all crazy, the whole market is going crazy, the price is going up like crazy!]
[This rate of increase scares me, no kidding… (covering my face.jpg)]
[The total transaction volume of the three major markets has reached 2.4 trillion. I am so dumbfounded. Aren’t you all playing with Happy Beans?]
[The SGX market also broke the record for the largest single-day transaction volume in history, breaking 1.37 trillion, not only breaking its own record, but also breaking the record for the largest single-day transaction volume in the history of A-shares, surpassing the 2015 trillion set by the Shanghai Stock Exchange on June 6, 8.]
[Grow slower, really, please don’t do this, I’m really afraid of a crash…]
[Recalling the epic leveraged bull market in the first half of 2015.]
[With the support of positive factors, the low valuation rebounded, negative factors at home and abroad were temporarily suspended, the economic data window period, the Federal Reserve stopped shrinking its balance sheet, and we and the old magnesium began QE to dilute debts. The nuclear-powered money printing machine is running at full capacity, which will surely drive asset prices up. Today's surge was expected, but I never expected it to be so crazy! ]
[With such crazy trading volume, brokerage firms’ performance this year will be even more explosive, and they will make so much money from commissions that their hands will cramp. We will continue to be optimistic about big finance and hold on to our stocks!]
[Zijin Bank hit the upper limit for the second time in a row. I hope everyone is OK.]
[Needless to say, the Xinzheng 50 Index, the Shenzhen Index and the ChiNext Index have entered a technical bull market before. Today, the Shanghai Composite Index has also entered a technical bull market with a cumulative increase of +20%. The three major A-share trading markets have all entered a technical bull market. A new round of bull market general rise cycle is coming, go go go! ]
[Today's market can only be described as going crazy! ]
[I am really dreaming back to the first half of 2015.]
……

As of the closing, the three major A-share indices all closed with epic long positive lines.

The SGX 50 Index formed a big positive line with its closing price being the highest price of the day and also the current historical highest price. It surged by 3.87% after the market to 5257.02 points. The SGX market's total turnover for the day was 13986 billion yuan. The Shanghai Composite Index surged by 5.60% to 2961.28 points with a turnover of 4660 billion yuan. The Shenzhen Component Index surged by 5.59% to 9134.58 points with a turnover of 5746 billion yuan.

三大交易市场全天成交合计24392亿，2.43万亿的成交数据刷新了A股市场有史以来最大单日成交额规模，之前的记录保持是2015年5月28日轰出的2.37万亿。

The stock market surge also became a hot topic today, with news media focusing on the capital market and competing to report on it.

新证50指数的年线创出+23.38%的累计涨幅，自2016年1月4日开市以来创出+425.7%的累计涨幅，自2016年1月27日走出历史最低点788.87点，创出+566.39%的历史最大区间涨幅。

With such a trend and investment return rate, the Xinzheng 50 Index instantly beat the performance of more than 90% of the stocks in the two neighboring cities.

The patient funds participating in this market have made a lot of money, but not many people can build positions at the historical lowest point of 788 points and hold them until today. Those with small amounts of funds cannot hold on to it, and those with large amounts of funds who can hold on will not stay and refuse to leave, because if they do not leave, an invisible hand will help them leave.

In the past, there were several large funds that refused to leave. That stock was also a component of the New Securities 50 Index and it rose sharply. Then the stock was removed from the list of component stocks, and then it began to fall continuously. Finally, the several large funds that refused to leave had to admit their mistakes, take profits and leave.

Today's A-share market broke many records, especially the trading volume record. The total trading volume of the entire market was 2.43 trillion yuan, which shocked countless people. The SGX market accounted for 1.39 trillion yuan of it, breaking the record for the largest single-day trading volume in the A-share market.

Investors directly said that everyone was using Happy Beans to speculate in stocks, and the sharp rise in the market continued to magnify the greed in everyone's heart.

After the market closed, some excited investors were already clamoring that the Xinzheng 50 Index would reach 1 points within the year. 5000 points is not a dream. 1 points is just the beginning. The 5000-point target has been achieved, so the next step would be 1 points.

However, at around 16 p.m., the Singapore Exchange's trillion-dollar stabilization fund released open market operations, which calmed down the crazy investors.

The official website of the Stabilization Fund released a latest announcement, stating that it had executed a 3000 billion selling operation today.

When investors saw this announcement, they seemed to suddenly understand something. No wonder the New Securities 50 Index rose less than 4 points today and underperformed the market indices of the two neighboring cities.

But they were also very shocked. The stabilization fund released a huge amount of selling orders of 3000 billion in one day, but the Xinzheng 50 Index actually took it up? It even formed a big positive line with no head and no feet!

除此之外，平准基金也在发布的公告中明确未来的市场操作，计划从2019年2月26日起至2019年3月28日止，执行5000亿卖出操作的决定。

This clearly tells the market that the Stabilization Fund will release another 5000 billion yuan of selling pressure in the next month or so, which is an open operation to suppress the market's long positions. If it happened in the neighboring two cities, it would definitely be criticized by investors.

However, when investors participating in the SGX market saw this news, they all said that although they opposed this blatant market suppression, they could indeed suppress it a bit, as the recent rise was indeed a bit excessive.

……

The following day was Tuesday, February 2th.

Affected by the market operation announcement of the trillion-yuan stabilization fund, the Xinzheng 50 Index opened lower by -0.47% today. The low opening did not surprise the market too much. After all, the stabilization fund's move was basically short of saying that the market was overheated and had to fall.

Profit-taking funds also began to withdraw wisely to lock in profits.

However, after opening low, it fluctuated higher all the way. Twenty minutes after opening, the New Securities 50 Index turned positive and set a small new high. The highest point during the session reached 5268.10 points before falling back.

Because the stabilization fund took action again, investing more than 300 billion yuan, this time it led to the withdrawal of follow-up funds, and the market began to fluctuate and fall continuously.

As of the close, the SGX 50 Index fell -1.69% to 5168.39 points. Today, the SGX market's total daily turnover was 12978 trillion, down about 1000 billion from the previous trading day, but still a very exaggerated trading volume, directly setting a record for the second largest single-day trading volume in history, and maintaining a trillion market turnover for seven consecutive trading days.

On Wednesday, February 2, the SGX 27 Index surged by +50% during the session, reversing yesterday's negative line. The bulls' desire to attack was extremely strong, but in the end it was hit by the stabilization fund. It finally closed up +1.75% after the market to 0.41 points. The trading volume of the SGX market further shrank to 5189.41 trillion.

The next day, Thursday, the NXING 50 Index fell back by -0.67% and closed at 5154.54 points. The trading volume further shrank to 10578 billion. Although the volume continued to shrink, it still maintained a trillion-dollar market. This was the ninth consecutive trading day with a trillion-dollar market turnover.

The current position of the Xinzheng 50 Index has pulled back to the upper track of the upward gap on Monday, and this gap position has strong support.

Fang Hong originally thought that the index would fluctuate sideways at this gap for a while. As a result, in the next five trading days, the Xinzheng 50 Index rose five consecutive small positive lines to set a new historical high.

这五天分别收涨+1.05%、+0.65%、+0.50%、+0.90%和+0.36%，新证50指数一举突破5300点大关，最新的收盘价锁定在了5335.13点位置。

The market is not afraid of the public stabilization operation of the trillion-dollar stabilization fund, and continues to rise despite the selling pressure from the stabilization fund. This shows that once the trend has emerged, it is not so easy to hold it down.

……