Chapter 1227 [Business focus shifts to high-tech fields]
Under this new trend, many domestic investment institutions have to make adjustments. The hearts of investors and citizens are flying to the SGX, which means that money is also flying there, and those investment institutions have to make adjustments in the SGX.
The market must increase its focus, otherwise there will be no customers. This is a very direct problem.
After entering the new year, the sixth SGX 50 ETF exchange-traded fund is about to be issued and listed. Another highlight is that a number of public funds have successively announced that they will launch SGX-themed exchange-traded funds.
Because SGX has no plans to launch more indexes and industry ETF funds, the outside world has gradually understood that SGX intends to only launch one SGX 50 index and ETFs for this index and will not launch other indexes.
This is actually what Fang Hong requested, because we also need to consider the listed companies of Guo Jia team on the main boards of the two cities next door.
However, the A-share market itself already has various industry ETFs or related fund types, such as semiconductor ETF funds, which are now also included in New Micro Semiconductor, which is listed on the SGX and is mainly engaged in R&D and manufacturing of lithography equipment, and pharmaceutical ETF funds are also included.
Ruihe Pharmaceutical, which is listed on the SGX, is among the top ten holdings.
This had not been done before, but some investors who planned to invest in industry ETFs took a look and called out, "Hey guys, your semiconductor ETF does not have any holdings of New Micro Semiconductor, and your pharmaceutical ETF does not have any holdings of Ruihe Pharmaceutical. In these industries,
A great company has grown so rapidly and even the leading stocks in the industry are not included in it. Instead, it is a bunch of crooked melons and jujubes, and I simply don't buy it.
After a while, I couldn't stand it anymore, so I started to include it in ETFs.
I really don’t want to but I have to. Including it can at least make the ETF run better, and it can also cover other stocks and attract funds to come in. Otherwise, no one will support it.
If the Shanghai Stock Exchange Index can be brought back to 3,200 points, it is also crucial for the SGX-listed targets to be included in industry ETFs.
At present, public equity institutions have begun to launch their own SGX-themed exchange-traded funds. This is also based on strong market demand. Fang Hong does not allow SGX to develop small and medium-cap stock indexes and related ETF funds, but many small retail investors in Big A want to invest.
There is no way for those small-cap stocks, and many small-cap growth stocks have risen faster than the NSE 50 Index.
If there is market demand, there will inevitably be supply.
No, public funds have taken a fancy to the market demand here, and many institutions have begun to launch exchange-traded funds. Fund managers select a basket of stocks on the SGX market, and retail investors can indirectly invest in small-cap growth stocks by trading these exchange-traded funds.
…
Entering the new year of 2017, Fang Hong also shifted his career focus from the financial field to the physical manufacturing and technology fields, because he judged that the game in the financial field will most likely cease for a period of time in the coming year.
America's financial war that lasted for two full years failed to achieve the results they expected. It can be said that it was far less than they expected. Now that they have withdrawn, and their own family situation is also complicated, they are unlikely to make a comeback for a while.
But it does not mean that America will not make trouble. After losing the financial war and retreating, there is no benefit here. This year, it is very likely that new work will be immediately connected to the technology war, and the level of technology war will be further intensified.
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Wednesday, February 15th, Xingyu Technology Headquarters.
Fang Hong came to the company's headquarters today. At this moment, he and Qin Feng were wandering around the company's new energy vehicle research and development department. He saw Qin Feng walking and sighed softly: "Only after joining this industry did I realize that engaging in the automobile industry is comparable to
The smartphone industry is much more difficult, and requires greater time and capital investment than smartphones. I still dare not say that I am an expert."
"It will take one or two years to do it, so you won't leave this to Xingyu Technology." Fang Hong said with a smile, you can do it if others can't. This is a great recognition of Qin Feng and Xingyu Technology.
Ability.
The two left the front-line R&D department and came to a small conference room.
Qin Feng randomly found a seat and sat down and said: "In 2016, in the automobile industry, the most important thing we did was to study everywhere, including Europe, Japan, BYD, etc.
, I have been warmly received, and I have also been rejected.”
Fang Hong couldn't help but smile. It was normal to be rejected. His colleagues were enemies. He immediately looked at him and asked, "How's the harvest?"
Xingyu Technology announced two years ago that it would develop new energy vehicles and enter the field of automobile manufacturing. But so far, no sign of a car has been seen, but the investment has exceeded 100 billion, because it really wants to develop
, instead of playing with PPT and building cars. The money-burning ability of this industry is even greater than that of mobile phones.
Moreover, there were some disturbances in this circle last year, including Boss Jia, who turned "returning to China next week" into a joke. This incident also made the outside world question Xingyu Technology's new energy vehicles.
But at this moment, Qin Feng said in a deep voice: "We have been running for a year, studying for a year, and researching for a year. My conclusion is that in the field of new energy vehicles, BYD may soar into the sky in the future.
It’s not a big deal to say other brands.”
Fang Hong was immediately interested when he heard it. Being able to come up with such a conclusion shows that he has worked hard in this industry and his judgment is correct.
After a moment, Qin Feng looked at Fang Hong and said: "We focused on BYD. It can be said that this company truly learned from Toyota, or even from the entire Japanese automobile industry. BYD has come to
Every step we take now is actually imitating Toyota. BYD is likely to become the next Toyota of the automobile empire in the future. If Xingyu Technology enters this industry, it will be a very strong competitor."
Qin Feng further said: "We have dismantled several BYD cars for systematic research. BYD seems to be following Toyota, but in fact it has taken a different path from Toyota. Whether it is Europe or Japan,
Honda's hybrid still focuses on how to divide energy between power and electric drive. The path BYD is taking now is actually a deeper understanding of electric drive, batteries, energy storage and the future of the automobile industry, and road planning.
More reasonable."
This chapter is not finished yet, please click on the next page to continue reading the exciting content! "In addition, BYD has become very mature in the entire machining industry chain in terms of battery manufacturing and mobile phone OEM. If you follow
If this trend continues, BYD will surely skyrocket within three to five years."
In the past year, Qin Feng and the new energy vehicle team of Xingyu Technology have truly learned from their peers with a humble attitude and are not arrogant because of their outstanding achievements in the field of smartphones.
Youdao is like a mountain, crossing the border to play cars. Qin Feng takes the attitude of a newbie and learns from the seniors. He is confident that he can make a difference in this industry, but he is not arrogant.
Qin Feng continued: "We also went to Japan to study Toyota. I wanted to understand what is the essence of Toyota's success. I used to think that the essence of Toyota is zero inventory, but after in-depth study and study, I found that DOE is
Its essence.”
Fang Hong said: "DOE, that Taguchi experimental method?"
Qin Feng nodded: "Yes, engineering iteration and experimental design based on DOE as the core is the magic weapon for the rise of Toyota and even the entire Japanese car industry. Moreover, the principle of DOE is similar to the large AI model developed by Chen Yu in a sense.
It’s quite similar. You see, there is this input x variable and output y variable. The industrial production process is regarded as a transfer function of AI. There are also analytical regression, gradient descent of the loss function, etc.”
"Japanese cars are more conservative than European or North American cars in the application of new technologies. The reason is that this set of variance analysis based on DOE plus this regression process wants the process to be relatively stable, which means that various variable factors pass through
After a process is recursive and a variety of analysis output processes are reached, once a steady state is reached, preferably unchanged for ten or even twenty or thirty years, then cheap cars can be produced stably and in large quantities."
"Today, BYD has also consolidated its foundation in technology sectors such as electric drive, electronic control, and battery. From this, it can be predicted that when all underlying technologies of BYD become stable in the near future, it will be able to pursue stability and
Mass production will make the cars cheaper, and I won’t be surprised if they can sell a car for less than 100,000 yuan in the future.”
