My fintech empire.

Chapter 1446 [Using the Black Swan Event to Complete a Round of Risk Release]

Among the registered and listed companies, except for the 15 that refused to sign, the remaining 1661 listed companies all agreed to sign the supplementary agreement.

It is foreseeable that once the fact that these 15 listed companies refused to sign the supplementary agreement is exposed, their stock prices will surely plummet, and a sharp drop to the limit down is almost a foregone conclusion.

Refusing to sign the supplementary agreement to the new delisting rules is tantamount to an act of self-detonating a truck, which is like shouting to the entire market through a loud speaker that one's own company is harboring a huge thunder. It is conceivable that if investors holding stocks of these companies knew about it, they would all tremble with fear and would be so scared that they would place orders overnight and run away without regard for the cost.

Even if there is no problem with the company itself, as long as it is unwilling to sign, investors will definitely not dare to take the risk and would rather believe it exists.

The 15 listed companies that were refused visas are all small-cap stocks, namely Ruishengxun, Jingyankang, Mude Holdings, Herui Electric, Huifuwei, Zhuofulong, Rongbao Holdings, Chengtong Holdings, Bailihua, Jinhui Group, Shuotianchuang, Haililin, Yiou Holdings, Haixun New Materials, and Hengtonghui.

The current market value of Yiou shares, which has the largest market value, is 42.75 billion yuan, and the current market value of Zhuofulong, which has the smallest market value, is 10.59 billion yuan. This stock is now called *ST Fulong.

If these 15 companies refuse to sign the supplementary agreement, they will be forced to delist.

……

But at this moment, Fang Hong turned to look at several other material reports, which were mainly about the financial status of several star companies under the Qunxing Group. He was most concerned about the cash flow problems of companies such as Xingyu Technology and Matrix Quantum.

The purpose is still to deal with the "mask incident". Once this super black swan appears, it will definitely impact the capital market.

Even if the epidemic is well controlled in the mainland by then and only spreads to a few local areas, it will spread rapidly abroad, causing a collapse in the global capital market. People in the mainland will certainly be in panic, and by then, no matter how strong the SGX market is, it will certainly be difficult to stay out of it.

The spread of panic, the more the market runs at a high level, and the more there is no big drop when the external market generally falls, the more people will have a strong desire to sell, fearing that they will not be able to hold on later and choose to avoid risks. As everyone thinks so, there is indeed a big drop, which becomes an fait accompli.

In short, with the continuous circuit breakers caused by the collapse of the Shanghai and Hong Kong stock markets in February and March next year, global markets will plummet, and the SGX market will be no exception.

What Fang Hong needs to consider now is not to prevent the price from falling. In that situation, it is impossible not to have panic when everything is mixed up. To prevent the price from falling at all, one must close the market and not allow trading. But obviously this cannot be done, and the market must still open as usual.

Obviously, Fang Hong has to consider how to pull the market back up after the plunge. The plunge cannot be too severe, because the stabilization fund will definitely intervene at that time. However, when the panic index explodes, the stabilization fund alone cannot hold it back.

Fang Hong is now looking at the cash flow situation of major galaxy listed companies, especially those star-level companies, and has decided to let these companies announce stock repurchases in the secondary market, and directly cancel the stocks after the repurchase.

The repurchases are all made with real money, and the repurchase volume cannot be small. By then, it will not be a problem to stabilize the panic-stricken market and pull it back on track.

Fang Hong thought to himself: "Next year's black swan market crash is not entirely a bad thing. It is a good time to change hands."

The SGX market has risen above 2016 points since its launch in 5000. Too many people have received generous returns on their investments. Although the adjustment of the SGX 50 Index constituents has allowed a group of people to make money and leave, there are still quite a number of people who do not want to leave and want to make more.

Next year's "mask incident" can be regarded as an opportunity. This super black swan will surely scare many people who are reluctant to leave and make them jump out of the car impatiently. From this perspective, it is a good window for clearing out profits. It is also equivalent to taking this opportunity to release a round of risks to the SGX market, so that they will not accumulate and be released in a concentrated manner later.

The New Securities 50 Index has been rising for three and a half years. As the profits become more and more substantial, the former bulls will gradually turn into bears, and these former bulls will gradually become the driving force behind the market crash.

The reason is very simple. The more profits a person holds, the more ruthless he will be when he smashes the market, and the more profits a person holds, the more unscrupulous he will be when he smashes the market.

With the help of this black swan event, a large-scale turnover can be achieved, the risk can be released in stages, and the short position can be vented, which will be transformed into the accumulation of long position power, laying a solid foundation for the future market to rise to more than 10,000 points.

……

The next day, Tuesday, the Xinzheng 50 Index closed higher again, up +0.79%. The Shanghai and Shenzhen stock markets next door also felt proud on Tuesday, with the Shanghai Composite Index rising +2.58% and regaining the 2900 point mark, and the Shenzhen Component Index rising +3.74% and regaining the 9000 point mark.

In the next few days, the three major A-share indices all entered a period of adjustment.

At around 14:42 p.m. on Wednesday, a piece of gossip suddenly spread, causing five stocks on the Singapore Exchange to plummet to the limit in late trading.

Sources revealed that five listed companies listed on the SGX, namely Yiou Shares, Shuotian Chuang, Haililin, ST Haixun and ST Jinhui, refused to sign the supplementary agreement of the new delisting rules. As soon as the news came out, the five stocks named immediately collapsed, and the stock prices plunged 90 degrees vertically to the limit down.

Even though the other seven ST stocks were not named, they also plummeted, among which ST Jingyankang, ST Mude and ST Herui all hit the limit down.

The attention on the five stocks mentioned also soared rapidly, and the number of comments and discussions in the comment section of the stock forum suddenly increased significantly compared to usual.

[What the hell? What happened? Why did the stock suddenly drop to the limit?]
[I’m so damn unlucky. I just bought three layers of Yiou shares and they plummeted to the limit. I’m vomiting blood. This is too bad!]
[Those who can afford to buy SGX stocks are wealthy big players, and we small investors can just watch the show.]
[What's going on? Why is the order so big?]
[It has just been reported that Yiou shares refused to sign the supplementary agreement of the new delisting rules of the SGX. Why did they refuse to sign? This shows that there is something wrong with this company. There is a thunderbolt! ]
[Oh no, it’s over. No wonder the stock price plummeted.]
[Run!]
[There is no way to escape, the car door has been welded shut.]
[In addition to this stock, there are also Shuotian Chuang, Haililin, ST Haixun, and ST Jinhui, all of which have hit the limit down, and the other 7 ST stocks have also followed suit. ]
[I am totally dumbfounded. Didn’t ST Jinhui say it would be delisted next week?]
[Open the board, let me out, I don’t want to play anymore, give me back my money…]
[The capital chain of the orders on the limit down board is welded shut.]
[Tomorrow the stock price will drop to the limit.]
[If the application is rejected and the company is delisted according to the new rules, then we’ll see you on the third board… (covering face.jpg)]
[I thought it was the former ST WeChat? It is best not to touch ST stocks in the SGX market. All ST stocks will be blacklisted. Don't bet on a reversal. ST stocks in the neighboring Shanghai and Shenzhen markets will at least be hyped. If the ST stocks of the SGX are not improved for half a year, they will be directly *ST. If they cannot be delisted within another half a year, they will be directly and unconditionally forced to delist.]
[I bought Haililin, which is really unlucky.]
[No way? Is the news reliable? Is it really going to be delisted to the old third board?]
……