Chapter 1169 [Confidence is gone, the market crashes again]

Obviously, Tian Jiayi feels that the most suitable person to take charge of SGX is still the current General Manager Wu. But he had to get down. Failure to do so would not be enough for the SGX to gain prestige and credibility.

You can't have both, you have to make a choice.

After hearing Tian Jiayi's analysis, Fang Hong said slowly and with some satisfaction: "Your analysis is right. In theory, General Manager Wu is the most suitable. Although my true intention has been exposed, it is no longer important. It doesn’t matter if it’s exposed.”

The beautiful assistant couldn't help but look at each other curiously. Fang Hong looked at her and smiled and said: "Because General Manager Wu's self-sacrifice to establish prestige and credibility for SGX can greatly deter newcomers, unless he also wants to I sacrificed myself. So it is a good thing that the person who succeeds General Manager Wu knows my true intention."

With the deterrent effect brought by General Manager Wu as a lesson learned from the past, we can adopt the principle of disregarding the past and present for latecomers. As long as the procedures are followed, even if there is a problem later, it means that the program has loopholes, and the loopholes in the program should be punished. Put on a patch.

When it's time to be rigid, you have to be rigid, and you have to accept death.

Some things can change at any time and at any time, so you have to be flexible. If you don't know how to adapt, things will not progress or will be extremely difficult to do. Doing twice the result with twice the result is considered a good thing; but some things cannot be changed no matter what, and that is issues of principle, bottom line, and public conscience. The problem is that it absolutely cannot change. Once it changes, it’s all over.

This is the saying that a gentleman should do something and refrain from doing something.

As long as the starting point is public, even if it is unscrupulous, it will not be recognized but it will be understood, at least you will not be resentful, because you have no selfish motives; and as long as the starting point is selfish, even if you can't find any flaws, no matter how legitimate you appear, you will be understood. Disdainful, because you pretend to be public for personal gain.

But at this moment, Tian Jiayi said: "To have a great deterrent effect on latecomers, General Manager Wu must be dealt with beyond specifications. The greater the intensity, the greater the deterrent effect."

Fang Hong nodded: "Not bad."

Tian Jiayi couldn't help but said: "Frankly speaking, General Manager Wu is also very frustrated..."

Fang Hong said calmly: "Therefore, God has given this man a great responsibility, and it has taxed his mind and body. If he can't bear this grievance, how can he be worthy of such a great responsibility? There is a high probability that those people will try to take advantage of us. We can't move them for a while, aren't we aggrieved? We have to endure it when we deserve it, only in this way can we achieve great things and be worthy of great responsibilities."

Fang Hong added: "I have seen his grievances, and I have also seen his contribution to the SGX. The gains are definitely indispensable, but it requires a little patience and determination. He will not let me lose, and I will also I won’t let him lose.”

Hearing this, Tian Jiayi asked: "Would you like me to arrange for you to meet with him and give him a reassurance, so that no matter how hard you deal with him later, you can just relax and execute it."

Fang Hong immediately stopped and said: "No. Don't fool other people as fools. That will only make you look even more stupid. This face must not be seen. As long as you see it, it will be a failure. No matter how hard you deal with it later, others will be fooled." I also know what kind of promise you made to him in private. The stronger the promise, the greater the deterrent effect, but the greater the weight of the promise you gave him, which is equivalent to intimidating the loneliness. "

As soon as these words came out, Tian Jiayi suddenly understood and nodded: "That's right, it makes sense."

Fang Hong smiled and said: "Don't worry, you don't have to meet such a smart person to get things done. As you said before, even if he is not smart enough, there are experts behind him who will give him guidance."

Tian Jiayi suddenly raised his eyebrow slightly and asked with a bit of a smile: "What if he doesn't understand your intention and doesn't have an expert to show him the way?"

Hearing this, Fang Hong shrugged, raised his hands, and replied: "Then it can only be said that fate is like this, and God's will cannot be violated. I will obey God's will, and he will leave it to God. You have to listen or not, God's destiny is like this, It’s not up to anyone at all.”

…

The next day, Thursday, April 28th.

The penultimate trading day before May Day came as scheduled. At 8:55 in the morning, the SGX market call auction ended. The bidding results of the SGX 50 Index came out. The 1300-point mark was directly penetrated during the bidding stage. The opening price of 1284.55 points opened sharply lower by -2.53%. This was a huge gap further downwards after yesterday's sharp decline.

When the market opened at 9 o'clock, the New Stock Exchange 50 index opened sharply lower and staged a big dive. Yesterday it crashed and today it collapsed.

Investors across the market attributed the reason to the SGX's response yesterday, and investors called it outrageous.

That response made the market, which had already suffered a setback in confidence, even worse, and it also carried a big market bubble. As a result, the key confidence was gone. The most important thing was that Fang Hong did not let market-making institutions such as Perennial Capital and Zhongtai Capital. Take action to protect the market.

There is no way, the current situation requires that the NSE 50 Index must fall, and it must fall sharply.

This is the price that must be paid for the future of SGX. It is not just shareholders who suffer losses. General Manager Wu has to sacrifice himself for this. Star Capital also suffers from a sharp decline in asset prices.

At yesterday's close, the Singapore Securities 50 Index fell by more than 16 percentage points. Listed companies of Qunxing had evaporated more than 3 trillion in total. Qunxing Capital, as the controlling shareholder of these companies, suffered the largest loss of nominal market value.

Fang Hong has also been widely questioned by the outside world because of his silence in the past few days. Different people are paying different prices. At present, most people have become losers in the market, but in the long run, the majority of people will be the losers in the market. The majority will be the winner.

Because what Fang Hong wants to create is a complete and mature non-zero-sum game market, although he cannot guarantee that every participant will become a winner, he cannot even guarantee that most people will become winners, because human nature is greedy, and the capital market still has It will amplify this human nature. But there are always people who will restrain their greed, and Fang Hong can definitely ensure that those who are not too greedy can become 100% winners in this market.

…

At this moment, the group of people who were targeted by Fang Hongkai in the live broadcast were very confused. Now they really have question marks on their faces and their faces are full of confusion.

I really don’t understand this situation.

When WeChat's illegal shareholding reduction was first exposed, they could not produce any evidence and firmly believed that Fang Hong was blaming them. However, as the incident unfolded, and in the past two days, they felt more and more. The hair was outrageous.

It seems that no matter how they look at it, they all feel that Fang Hong's internal situation has been messed up, and his moves have been seriously deformed, inconsistent, and chaotic. Now that he has lost his ability, is he starting to suffer backlash?

If this is not the case, then the illegal holding reduction incident on WeChat may be caused by another wave of people. After all, Fang Hong has offended too many people. Once he offends a group, there are many people who are unhappy with him.

If it weren't for the fact that he was at the top of his game and was at the height of his power, whenever the stars showed obvious signs of weakening, someone might want to overthrow the stars and Fang Hong.

At the moment, no one dares to come out and directly confront Fang Hong and Geng Qunxing. Another reason is that they don’t want to be someone else’s wedding dress, and they all want others to be the first to fight with Fang Hong. It’s best to fight till the end of the earth. , Live and die, so that you can reap the benefits.

But at this moment, those people were really confused, and they were really happy. That day, Fang Hong opened a live broadcast to sniper, but it really scared them. They were so angry that they didn't do anything good these days. After sleeping, even today, they are still anxious and uneasy, because there has been no sound from above, and they are not sure what the specific attitude is, but it does not prevent them from hearing and seeing now.

And that group of people didn't just watch the show, they were also keeping the rhythm going secretly, for fear that the fire wouldn't be burning bright enough.

…

(ps: Happy New Year’s Eve, I’ll keep updating on the New Year’s Eve, I wish everyone a prosperous new year and everything goes well (^_^)ノ)