Chapter 1060 [Delisted from the main board and listed on the SGX]

SGX’s top-level design system has been further optimized and adjusted by Fang Hong, and the final plan has basically taken shape.

At this moment, Fang Hong stared at the ceiling and muttered to himself: "Today is July 11th. How many trading days are there likely to be around mid-August? Emmm..."

Tian Jiayi on the side quickly replied: "There are 25 trading days alone."

Fang Hong turned to look at the beautiful assistant: "Are there 25? That's enough, um, that's enough. The 22 galaxy concept stocks that have been listed should all be able to complete their repairs and hit record highs within these 25 trading days. It’s settled that by mid-August, these 22 listed targets will be collectively suspended and delisted, and then the relevant handover work will be carried out in connection with the listing of the SGX.”

To ensure the opening of the SGX early next year, the 22 stocks of Xingxing must be suspended and delisted from the main boards of Shanghai and Shenzhen stock exchanges, and then listed on the SGX.

These tickets from Galaxy must be "moved" to the SGX.

At this time, Tian Jiayi said: "Many of the retail shareholders who hold stocks cannot meet the entry threshold of the SGX that you designed. How should these shareholders be arranged? The company directly repurchases the shares in their hands. Stocks?”

Fang Hong shook his head and said: "There is no need to repurchase. Maybe they don't want to sell but insist on continuing to hold it? Just let these retail investors who have not reached the threshold have a bug. However, after the stocks are transferred to the SGX, they will The constellation stocks held in the account can only be sold. That is to say, after the account sells the stocks, it cannot be bought if the account does not meet the threshold of the SGX. It is also unable to trade other stocks on the SGX. For listed stocks, you have to go through the normal account opening process.”

When Tian Jiayi heard this arrangement, he nodded thoughtfully: "This arrangement is not bad. To a certain extent, it can allow retail investors to hold it for a long time."

It cannot reach the trading threshold of SGX in the first place, and there is a high probability that it will not reach the threshold for a long time. Because the 22 Galaxy stocks bought are stuck due to a bug and they hold SGX stocks. Retail investors If you choose to sell, you have to think carefully.

Once this one-way operation opportunity is used up, you will most likely not have the opportunity to buy it back after selling it.

As a result, most small traders will passively become long-termists. They can only sell in one direction without the threshold of buying again, and they will be even more reluctant to sell.

Especially for retail investors whose accounts are less than 100,000 yuan, the threshold of two years of trading experience may be able to wait. At worst, they can meet this condition by waiting two years, but meeting the other one million yuan position market value threshold for one consecutive month is not. If you say you can do it by just relying on hard work, you may not be able to get a principal of 1 million in five or even ten years.

The key is that after finally getting 1 million yuan, you still need to hold a position with a market value of no less than 1 million yuan for a month. That is equivalent to holding a full position for a month. Few people dare to do this.

It can be seen from this that an individual investor who dares to hold a position with a market value of 1 million yuan to maintain it for a month is definitely worth more than 1 million yuan.

One holding a position of 1 million yuan is a full position, and I must be panicking. I may not be able to sleep well at night, while the other holding a position of 1 million yuan only accounts for the second level of the total funds, and there is still a bullet of 4 million yuan in my hand. Naturally very calm.

After a while, Fang Hong took a pen and stared at the materials in his hand: "The code starting with 300 is the GEM code, the code starting with 600 is the Shanghai A code, the code starting with 900 is the Shanghai B code, the code starting with 000 is the Shenzhen A code, and the code starting with 002 It is the small and medium-sized board code, the number starting with 200 is the Shenzhen B code, and the number starting with 700 is the allotment code..."

Fang Hong thought of the code starting with 8 characters, but after thinking about it, he decided to leave it to Beijiao. It is still unknown whether he will use this exchange in this life. Anyway, it is reserved.

The same goes for codes starting with 688. I don’t know if they will be listed on the Science and Technology Innovation Board in the future, so I’ll just reserve them.

Fang Hong quickly made a decision: "Let's start the trading code of SGX with 680, starting from the trading code of the first stock, 680001, 680002, 680003 and so on."

From 680 to 688, there are a total of 8,000 trading codes available in the middle. The maximum capacity can satisfy 8,000 listed companies, which is enough for the SGX.

Moreover, Fang Hong estimates that when the total size of the SGX stock pool reaches a mature stage in the future, it should remain at around 4,000 stocks in ten to fifteen years to achieve balance, because the SGX registration system pilot is based on his top-level design system. Next, the listing threshold will be lowered and the delisting process will be strictly implemented.

When the number of companies listed on the SGX reaches 4,000, the number of newly listed companies every year and the companies delisted in the same year will generally tend to be flat. When 100 companies are listed, there is also a high probability of 100 companies being delisted. Home is not something that can only be entered and cannot be exited like Pixiu.

It is foreseeable that as soon as the news of the registration-based pilot system of SGX comes out and the top-level design is announced, the ST sector in the current big A and two cities will definitely be abandoned by funds on a large scale, and they will be abandoned without hesitation.

Because the entire logic will be fundamentally subverted by this, which is a logical killer for shell resources, and the value will be cut off by 99%. As soon as the SGX opens, the feature of backdoor listing may be swept into history. In the dumps, expectations will form the day the news is announced.

Nowadays, there are still many people who treat shell resources as treasures. There are even some investment institutions that specialize in the ST sector. They stare at the many companies under Qunxing Capital that are waiting to be listed. If they catch one, it will be twenty or thirty times the bottom. Earnings expectations.

At present, the affairs of the SGX are still kept confidential and have not been announced to the public. Some of the details of the top-level design are only known to a few people such as Zhang Qi and others.

When the specific details of the SGX registration system pilot are announced to the outside world, it is certain that the ST sector and shell concept stocks will perform explosive market prices, and the story of the pheasant turning into a phoenix will never happen again, because the SGX registration system pilot, Fang Hong is moving. Really.

Finally, Tian Jiayi looked at Fang Hong and said: "Can we select some additional high-quality growth potential stocks from the Shanghai and Shenzhen stock exchanges to the SGX? At least we have to collect all 50 constituent stocks of the NSE 50 Index."

Hearing this, Fang Hong shrugged: "You think I don't want to? But it's difficult. It's basically impossible. You'd better give up. It's already very difficult for the Shanghai and Shenzhen stock markets to be willing to reverse the votes of these 22 galaxies. Not bad, you want more? You are beautiful, as soon as the SGX comes out, it will bring pressure to them."

What is certain is that the Shanghai and Shenzhen Stock Exchanges definitely do not want to release those 22 constellation targets to the SGX. These targets are not only rare high-quality core assets, but there is another advantage in the Shanghai and Shenzhen Stock Exchanges. , that is, Star Capital will invest more energy in the Shanghai and Shenzhen stock markets.

Now, it’s okay, the higher authorities have approved the SGX, and these tickets will have to be transferred to the SGX for listing. In the future, Qunxing Capital will definitely put all its focus on the capital market on the SGX, no matter whether the market is 3,000 points or 5,000 points in the future. Points or 2000 points, you can do whatever you like.

This is true. With the approval of the SGX, Fang Hong is fully focused on this in the mainland capital market. He is thinking about how to do a good job in the SGX and how to do a good job in the SGX 50 Index.

Tian Jiayi thought: "Then we can only postpone the opening of the new certificate 50, and the SGX will open first."

Fang Hong said with a smile: "No need, just open the market together. No matter what, there are 22 Galaxy stocks as the basic market. It is not a big problem to support an NSE 50 index. We will slowly add 50 constituent stocks later." That’s fine, and when the market opens, the first batch of registration-based pilot companies must be listed.”

After thinking for a moment, Fang Hong added: "Let's get 36 companies in the first batch of registration-based listings. Try to choose companies that are not invested by Qunxing Capital first. If there are not enough, we will find some high-quality subsidiaries from Qunxing Capital to make up the list. .”

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