My fintech empire.

Chapter 1433 [Sacrifice, the market is terrified! ]

Over the weekend, the news spread, and all major comment sections were clamoring that the selling pressure from the stabilization fund had disappeared, the market had returned to trillions of transactions, the adjustment was almost complete, and a new round of major uptrend was about to begin.

At the same time, over the past two days of the weekend, listed companies on the Singapore Exchange have also disclosed their annual performance reports.

It has to be said that, judging from the listed companies that have disclosed their annual performance reports, the quality of listed companies in the SGX market is indeed significantly higher than that of the two neighboring cities, and the vast majority of those with good performance are in the SGX market.

Not to mention the Qunxing Group and other leading companies with excellent performance that are recognized by the whole market. They are definitely the guiding stars and ballast stones of the SGX.

……

After the weekend, it’s Monday, August 4th.

Stimulated by multiple positive news over the weekend, the three major A-share indices today once again jumped higher and surged, ushering in a good start in April. Heavyweight blue chips and theme stocks were all active and exerted their strength.

At around 11:27 am, the SSE 50 Index regained the 5400 point mark and broke through the oscillation platform of the past month to set a new historical high.

The market was in a state of excitement, and comments on stock forums were extremely popular.

[Breakthrough successful, a new round of main uptrend starts! ]
[The 5500-point mark is just around the corner.]
[It was originally expected that the index would adjust today, but the market has continued to rise and set new highs, indicating that the market still has upward momentum.]
[Continuous positive days are a positive signal. Although we cannot accurately predict tomorrow's trend, it is likely to rise, or at least not too bad. Don't be bearish easily during a bull market.]
[With this momentum, is it possible that the New Securities 50 Index has a chance to break through the 1-point mark this year?]
[Ten thousand points...]
[I live in fear of rising prices every day... (covering my face with laughter and tears.jpg)]
[Don’t worry about fear or not, just ask if this market is not good… (Shiba Inu/jpg)]
[It’s really damn good. As I said before, 5000 points is not a dream, 1 points is just the beginning! ]
[A new round of main rising wave has been established, add positions! ]
[To buy the Xinzheng 50 Index, you really only need hands...]
……

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

The SGX 50 Index closed up +1.47% at 5436.81 points; the Shanghai Composite Index rose +2.58% to 3170.36 points; the Shenzhen Component Index rose +3.64% to 10267.70 points. The three major trading markets had a total turnover of 21460 billion yuan, of which the SGX market further increased to 11020 billion yuan, maintaining a trillion yuan turnover for two consecutive trading days.

Shortly after the market closed, the SGX Stabilization Fund released another 500 billion, and open market operations are expected to release another 1500 billion this week.

New selling pressure is coming again!
However, in the next few trading days of this week, crazy investors continued to break through and set new historical highs despite the selling pressure. Now everyone’s mentality is that the stabilization fund has only sold 1 trillion yuan, and the market’s strong capital carrying capacity has proved the strength of the bull market.

Some investors even interpret it this way: the cashing out of the stabilization fund is different from the major shareholders' reduction of holdings or the cashing out of public and private equity funds. The cashing out of the stabilization fund will ultimately be used to stabilize the market. The more liquidity the stabilization fund has in its hands, the stronger the risk hedging ability of the SGX market, and the more it can safeguard the subsequent rise of the market.

So, in one word, increase!

It's all over when the price goes up, just do it.

The next day, Tuesday, the SSE 50 Index closed up +0.22%, rose +0.70% on Wednesday, and rose +0.56% on Thursday. The SSE 50 Index successfully reached the 5500 point mark on Thursday.

4月8日周二节后归来，新证50指数再次收了一根十字星红K线，上涨+0.21%。盘中最高上冲到了5554.06点的高度。

The SGX 50 Index has risen for six consecutive days, and the SGX market has maintained a trillion-yuan turnover for six consecutive trading days.

The stabilization fund sold for a week, but the market continued to rise for a week. Since the first release of selling pressure of 2 billion on February 25, an astronomical figure of 3000 trillion has been released cumulatively. The New Securities 1 Index has soared from just over 50 points in this range to the current 5000 points.

……

In the afternoon, stay at Jingxinju Villa.

"The stabilization fund has released 1 trillion yuan, which is more than enough to support the market in the future." Fang Hong was browsing a document, which was a report on leveraged funds on the exchange. He turned to look at Tian Jiayi and instructed: "Give a heads-up to the SGX and give window guidance first. If they still don't know what's good for them, then use them as a typical example to sacrifice."

The Singapore Exchange has recently investigated the problems of off-exchange financing and leveraged funds. Data shows that there are currently more than 3.72 trillion in leveraged funds and off-exchange financing. These funds have flowed into the market since February 2, and the amount exceeds 25 trillion including the previous ones.

……

The next day, the Xinzheng 50 Index opened lower and briefly fell below the 5500 point mark during the session, but recovered in the late trading and eventually closed down -0.37% at 5508.00 points, holding the 5500 point mark.

However, the market trading volume directly shrank from 1.1 trillion on the previous trading day to 8593 billion, because some institutions have received window guidance today.

Two days later, on Thursday, April 4, the Xinzheng 11 Index plunged in late trading, falling -50% after hours to 1.12 points, with trading volume shrinking to 5450.77 billion. The sharp plunge in late trading was due to rumors that the management had already given window guidance to clean up off-market financing.

However, the market did not continue to fall in the next two days, but instead fluctuated sideways.

On Tuesday, April 4, the three major A-share indices rose again across the board. The Xinzheng 16 Index returned to 50 points, and closed up 5500% at 8427 points with a trading volume of 1.36 billion. On Friday of this week, the Xinzheng 5516.12 Index rose again by 50%, closing at a high of 0.45 points, and is now within reach of breaking through 5539.55 points to set a new historical high.

With this trend, window guidance has also failed!

The guided funds have indeed stopped leveraging, and some funds have already wisely dismantled their leverage proactively.

However, the newly entered funds are still leveraging, and they are playing a leverage relay race.

The market situation is like this, it can be said that "gentle" persuasion is basically useless, and we can only release explosive news.

……

On Monday, April 4, the A-share market opened. The Xinzheng 22 Index opened slightly lower and then fluctuated higher and turned positive. At around 50:10, the increase expanded to 12%, and the index rose to 0.17 points. Given the current market sentiment and bullish atmosphere, there is almost no major pressure to break through the previous high of 5549.06 points today.

But just when the index hit a high of 5549.06 points, it suddenly turned around and plunged. In just ten minutes, the Xinzheng 50 Index fell by -0.92%, plunging more than 1 percentage point from its high point and falling below the 5500 point mark.

This jump made a lot of funds stunned for a moment, and some people even rushed to buy the bottom impatiently, but not long after, those who bought the bottom regretted it.

Around 10:25, major market software pushed messages:
【Cailianshe News: Breaking news! Four private equity institutions were banned from the market for illegally leveraging leveraged funds and over-the-counter financing. SGX held a press conference this morning and announced the decision to ban the four private equity institutions and their managers from the market for one year. SGX spokesperson said that the exchange will resolutely implement strict investigation, strict control, strict management and zero tolerance for illegal over-the-counter financing and leveraged funds entering the market.】

As the news spread, all the funds in the market were scared to death when they saw that four private equity institutions were directly banned from the market for one year.

Especially those who had over-the-counter financing and leveraged funds, when they saw the news, they were all frightened and hurriedly deleveraged and deleveraged, whether they were institutions or retail investors.

The deterrent effect brought by the punitive measure of market ban is too great. In such a bull market, some people would rather be fined than be banned from the market. If they are banned from the market for a year, wouldn’t they miss the bull market?

Four private equity institutions became the unlucky ones and were sacrificed, and the effect was outstanding.

Even some retail investors who borrowed money to invest in stocks, such as those who cashed out from Taobao's Huabei app, are now panicking. They quickly sold their stocks to cash out and withdraw the money to pay it back, because they are all afraid of receiving the SGX's one-year package in the small black room.

As the news spread, the market index also accelerated its dive, and all kinds of funds on the market unsurprisingly fled in a stampede.

……