The SGX is really not short of funds now, and its financing capabilities are leveraged.
Many public funds did not want to play in this venue at first, but in the current situation, not trading is almost the same as having trouble with money. If you don't like the SGX, then well, your investment clients won't like you either.
Previously, because of the announcement of the top-level design of the SGX, many negative voices were now collectively aphasic.
At that time, everyone said that with such rules set by the SGX, it would be impossible to gain popularity and funds, especially large funds, but now they have been severely slapped in the face.
The main board saw the dumpling-like IPO efficiency next door, looked back at the situation of thousands of companies lining up for IPO, and saw that more and more funds were being attracted by the SGX. It made them really anxious.
Now many public institutions that did not go to SGX to support them at the beginning are now unable to sit still and are designing SGX-themed fund types to prepare for issuance.
It’s hard for the main board to say that they won’t be allowed to do it. If they don’t do it, why don’t you pay people to improve the performance? The crux of the problem is that if you don’t do it now, you will lose the vast majority of customers. How can you live with the money?
Unless you can shut down the SGX, which is obviously impossible, let alone shut down, even the village cannot exert any effective influence on the SGX, and the management team can't do anything.
you.
…
In the next few trading days, the NSE 50 Index ushered in an adjustment after nine consecutive positives. It pulled back -1.54% on Thursday, February 18, but stopped falling on Friday, closing up 0.67%. It was a double holiday on the weekend.
After that, the new week ushered in another big rise.
On Monday, February 22, the New Securities 50 Index, which was the first to open, jumped sharply and opened higher by 2.57%. After retracing the opening for ten minutes, it strengthened again and fluctuated upwards.
The strength of the NSE 50 Index also greatly boosted the bullish sentiment on the main boards of the two cities. The Shanghai Stock Exchange Index also opened higher, fluctuated higher at the opening, and recovered the 2,900-point mark. The three major trading markets once again experienced strong volume gains across the board that day.
After the close, the Shanghai Stock Exchange Index rose 2.35% to 2927.18 points, with a turnover of 238.7 billion; the Shenzhen Component Index rose 2.05%, to 10370.99 points, with a turnover of 363.4 billion; the New Securities 50 Index rose 3.87%, to 1032.49 points, with a turnover of 89.5 billion
, the total transaction volume of the three major trading markets was 691.6 billion.
Judging from the trend, the NSE 50 Index is the strongest, with an increase of less than 2.5 percentage points away from hitting a record high.
The NSE 50 Index has gained an astonishing 32.34% since bottoming out during this period. This trend is not only far ahead of the main board indexes of the two cities in the Big A, but also leads the major stock indexes around the world.
…
That afternoon, I stayed in the villa quietly.
“Recently, foreign investors are also very hungry for the SGX 50 Index, but this market is not yet open to foreign investment, and northbound foreign capital cannot enter. If foreign investors want to participate in the SGX at this time, they can only rely on some domestic capital.
Enterprises or institutions enter the market in a low-key manner through "curve entry" operations such as shadow shareholders and diving agency holdings."
Tian Jiayi, who returned to the company at this time, also brought back a piece of the latest information from the SGX. Fang Hong took it and read it. This was a negative review of the major investment institutions entering the SGX.
Some domestic-funded institutions actually have foreign capital in them. It has to be said that the foreign capital that entered the market through curves is deeply hidden, and the backlash from the stars has not completely penetrated their underlying asset structure.
After a while, the beautiful assistant raised concerns: "I'm more worried about another thing."
Fang Hong said casually: "What's the matter?"
Tian Jiayi replied: "These foreign divers who entered the market on a curve, although their capital volume cannot cause a substantial impact under the top-level design system of the SGX, short-term funds are subject to T 3 restrictions, and long-term large funds also have a series of reductions."
Maintain restrictions.”
After pausing for a moment, Tian Jiayi turned to look at Fang Hong and added: "But what if some foreign investors with malicious intentions deliberately reduce their holdings in violation of regulations?"
Hearing this, Fang Hong put down the material and looked at him: "Go on."
Tian Jiayi then asked: "Is it possible that some foreign investors with bad intentions quietly target a listed company in the galaxy, such as WeChat, Matrix Quantum and other listed companies, and then reduce their holdings in violation of regulations? Once this happens
, we may be in a dilemma. If we protect these companies, the rules set by the SGX will become useless paper. If we protect the rules of the SGX, the companies involved will have to comply with the rules and even be forced to delist..."
Obviously, once something like this happens, it will definitely be very difficult, and it won't matter whether you protect it or not.
Hearing this, Fang Hong couldn't help frowning, but he soon relaxed and said with a smile: "Your worries are not unreasonable, but you have to have confidence in Chen Yu, the trading system of SGX will be very good."
Limit illegal shareholding reductions.”
"For all companies listed on the SGX, the equity of the major shareholder is locked by the trading system. If the major shareholder does not complete the compliance process, he will not be able to pass the AI level, and he will not be able to sell any share from the secondary market.
The completion of the cash-out operation is a victory for emerging technologies."
Hearing what he said, Tian Jiayi suddenly said: "That's right. It seems that my worries are unnecessary."
Fang Hong suddenly said in a deep voice: "It can't be said to be redundant. When you mentioned this matter, I thought of another level."
Tian Jiayi looked curious: "What happened?"
Fang Hong said slowly: "Compared to foreign capital doing this kind of thing, insiders are more likely to want to do this. I can say without exaggeration that they want to bring down the SGX ten times more than foreign capital."
.”
Tian Jiayi understood clearly and couldn't help but nod to himself: "It makes sense. It's easier to guard against foreign thieves than it is to guard against domestic thieves. You must be careful of backstabbing."
Fang Hong said: "I have confidence in SGX's trading system platform and Chen Yu's AI technology, but we cannot take it lightly. If someone with serious intentions does something like this, it will be like what you said. We
You will be in a dilemma and it will be very difficult.”
If something like that really happened, Fang Hong could only shed tears and kill Ma Su, choosing to uphold the rules of the SGX.
At this time, Fang Hong added: "Listed companies in Qunxing must do due diligence on circulating shareholders, especially the top ten circulating shareholders, penetrate their underlying asset structure, and keep a close eye on them without penetration. When you look back, you
After sorting out a piece of information, I sent it directly to Chen Yu and asked him to secretly create a small project for these major shareholders and pay special attention to them."
Tian Jiayi nodded: "Yes, okay."
This is a truly technical operation. It is technically possible to write a program or something to keep an eye on these major shareholders, and it can be done without anyone noticing. If it is discovered, it can also be said to be a system program error.
It's a BUG, don't panic, it's been fixed.
As for this repair, it fixes the BUG that can be discovered by you. After the repair, it will be more difficult for you to find it.
Fang Hong is not a stubborn person. Sometimes if you want to be a good person, you have to know how to do bad things better than the bad people. Only in this way can you suppress the real bad people. But such good people know how to do bad things but will not do bad things.
