Chapter 1315 [Competition for global liquidity and market pricing power]
Foreign investors are also worried that they will become leek. After all, there is a existence behind the SGX market that they cannot ignore.
That is Star Capital.
Anyone who is involved in the financial capital circle knows what a powerful owner Qunxing Capital is. The capital giants on Wall Street have suffered several defeats thanks to it. Qunxing is definitely at the top of the food chain in this field.
Moreover, the birth of SGX and its achievements today are all known by discerning people to be closely related to Star Capital and Fang Hong, and even Fang Hong is the real talker behind the scenes.
Foreign investors who want to play in this place are greedy for the investment returns here, but they are also worried that Fang Hong will dig a hole for them. If the NSE 50 index has risen so sharply in the past two years, it is just to attract investors.
How about attracting foreign investment to take over the business?
After the news came out, some people thought so. They believed that the SGX market took two years to raise the index and push asset prices to such a high position just to let foreign capital take over.
Bei Magnesium Wall Street or Bei Magnesium's capital group is very unhappy with what SGX is doing. Although Bei Magnesium has been trying to let a big country in the East continue to open up in the financial field, they don't want to see SGX open in such a way.
Arrived.
Lao Magnesium hopes that the prices of those assets in your market will be pushed below the floor price and then let go, so that it can come in to buy the bottom and steal your high-quality assets at cabbage prices.
At the same time, you don’t want your market to rise. It’s best to lie on the floor forever and develop some tools that are conducive to shorting the market. This is the situation that Lao Mei wants to see most, which can not only harvest a lot of money in your market.
At the same time, you don’t have to worry about your market competing with US stocks for global liquidity and pricing power.
But now the SGX market has become a unique landscape of Big A. It has been booming for two years since its opening. The return on investment ranks first in the world. It is still holding on and there is no sign of collapse.
Now the scale has also increased, and it is already a huge market with a volume of more than 37 trillion.
Xincheng Securities Exchange has become the fourth largest stock exchange in the world with a total market capitalization of US$5.53 trillion. The current top three stock exchanges in the world are the New York Stock Exchange with US$19.22 trillion and Nasdaq with US$6.83 trillion.
and $6.18 trillion on the London Stock Exchange.
In other words, the SGX has now become the largest stock exchange in the non-Western world. It has grown to this height in just two years. What if it had been given a few more years?
The rise of the SGX market is absolutely undesirable for Lao Magnesium, because it is a huge potential threat to the magnesium stock market. If the SGX opens up access channels for foreign investment, it will compete with the magnesium stock market.
Seizing global liquidity and pricing power.
Moreover, there is no good way to suppress the SGX 50 Index, because there are no short-selling tools in the SGX market now, let alone such unfavorable tools as the refinancing of restricted shares. If you want to short-sell in the SGX market,
Yes, but you have to spend money to buy chips first. In this market, you can't short-sell chips you don't have.
This results in short sellers paying extremely high costs, and short selling in the SGX market is quite dangerous, with risks and returns completely unequal.
Not only does it not have a wealth of short-selling tools, but it also has a trading mechanism of T3 for institutions and T1 for retail investors, making short-selling more difficult.
When Fang Hong was doing top-level design for SGX, he was more biased towards the long market. This is also an undeniable objective fact. Many game rules are conducive to long positions and not conducive to short positions.
Because from the beginning, Fang Hong was rushing to create a long-term bull market, and allowed certain valuation bubbles to exist in the market, especially technology bubbles.
Now it is gradually showing results. In the past two years, technology growth stocks on the SGX market have generally enjoyed a good rise, and capital is more inclined to invest in the technology industry. No matter how you say it, after a technology bubble has blown up, it has indeed
There are real funds that continue to enter the technology industry.
Some celebrities and technology tycoons in the technology circle can even raise funds through facial recognition. The funds have entered the technology industry, and practitioners in this industry have also received higher salaries. The actual money flowing into entities is not large, and it has also
It will promote the progress of science and technology.
This is also the positive effect of the bubble, and Lao Magnesium also plays this way, blowing up the bubble of technology stocks and attracting global capital to invest in Bei Magnesium and invest money in Silicon Valley.
So from the perspective of Lao Mei, of course I hope that the technology bubble of the US stock market will blow up, but the stock market of your big Eastern country cannot do this. It is best for your stock market to keep falling, which will curb your technology development.
, it also curbs the liquidity of global capital. If it doesn’t come to you, it all goes to the Beijing Magnesium Capital Market, and you have also lost your financial pricing power.
Now the rise of the SGX market has blown up the technology bubble, and it has been strongly supported without being punctured. More capital is enjoying the technology bubble and continues to invest in the technology industry, promoting the upgrading and development of technology.
At the same time, the return on investment of the NSE 50 Index has led the world's major stock markets for two consecutive years, and the ultra-high return on investment has also attracted the attention of global investors.
For many years, Lao Magnesium has been clamoring for a large Eastern country to continue to liberalize its financial market. However, when the SGX market opened up access channels for foreign investment, Lao Magnesium refused because it was clear that the SGX market was going to compete with Beijing Magnesium.
Capital markets compete for global liquidity and market pricing power.
More importantly, there is still a big gap between the SGX market and magnesium stocks. There is still an order of magnitude difference in size, but the temperament displayed by it is competitive. It would not be a pile of mud.
Take it seriously.
But at this time, America's lackeys took action again to please their master, but they showed a wave of reverse operations.
Just when the outside world was hotly discussing the issue of the SGX market opening up access channels for foreign investment, the losers began to post articles and videos with serious analysis, saying that this was a compromising behavior by the stars in the hope of opening the door of SGX.
In exchange, please ask Ami to remove those companies in the galaxy from the blacklist.
At first glance, it seems to be something like that. After all, according to the previous situation, America has been criticizing and asking a certain large Eastern country to relax and liberalize its financial market.
In addition, the incident of being blacklisted was just a month ago. As a result, the SGX market has been delayed for a long time. However, not long after the incident of being blacklisted came out, there was talk of opening up access channels for foreign investment. Obviously
It's the result of compromise.
This violent extra-drama operation by the losers can be called back-stabbing between the losers and their masters. America almost wanted to kill these losers. The success was not enough, but the failure was more than failure. She also spent a lot of time.
Dog food.
However, some Chinese people are still affected by this voice. After reading this analysis, I feel that it makes sense, and a new commotion has once again started in the public opinion field.
There is also a quarrel over whether the SGX market should open up access channels for foreign investment. Some people are in favor and others are against it.
Those in favor believe that SGX has the ability to be optimistic about this situation, and even more believe in Fang Hong's ability.
Part of the people who objected were influenced by the comments of the losers, and part of them were limited by their own cognition and still felt guilty when facing Western financial capital. They felt that they would not be able to compete against each other when the time came, and it was good now. They couldn’t understand why.
