Chapter 1625 [The New 50 Index rose throughout the year and remained at the top of the global list]

On the last trading day of the year, the three major stock indexes rose strongly, and the final battle came to a successful conclusion.

Generally speaking, the A-share market is mainly divided into three major stages throughout the year. The first stage is the black swan impact stage of masks from the beginning of the year to March, and then the recovery stage from April to July. , and finally the post-mask era stage from July to the end of the year.

This year is destined to be an extraordinary year. The capital market is experiencing twists and turns. Against the background of rising indexes, there is continued structural differentiation.

In the afternoon, stay in the villa quietly.

Tian Jiayi is reporting to Fang Hong on the market data performance after the end of the year: "The SGX market has ended perfectly this year. The SGX 50 index closed at 10537.72 points on the last trading day. The annual line has broken out of the fifth consecutive positive year. The cumulative total during the year Up +67.45%.”

If calculated based on the year's lowest point of 5262.42 points, the NSE 50 Index has achieved a range increase of +100.24%, doubling.

Fang Hong nodded with satisfaction: "It is indeed a perfect ending."

Tian Jiayi looked at the material in his hand and continued: "According to Wind data, among the world's 17 major stock indexes, 12 stock indexes rose and 5 stock indexes fell in 2020. The Asian and Northern Magnesium stock indexes led the way, occupying the leading position. Top 10."

"Among them, the SGX 50 Index ranked first with a cumulative gain of +67.45% for the year, followed by the Nasdaq Index with a cumulative gain of +43.64%, and the Shenzhen Component Index ranked third with a cumulative gain of +38.73%."

In addition to the Nasdaq, the three major North Magnesium stock indexes, the S\u0026P 500 index rose by +16.26% for the whole year, and the Dow Jones index rose by +7.25% for the whole year. This year, the three major North Magnesium stock indexes were once again suppressed by the SGX market, and it was comprehensive. suppress.

What benefits does this bring to the SGX market? The advantage is that a large amount of global liquidity has been taken away from the Beijing Magnesium Capital Market.

Tian Jiayi turned over a page of materials: "In 2020, the total annual turnover of the three major A-share trading markets hit a record of 510.7 trillion, of which the Shanghai and Shenzhen stock markets reached 205.7 trillion, and the annual turnover of the SGX market reached 305 trillion. , the average daily turnover exceeds 1.25 trillion.”

This year the brokerage sector index can break through the high point in 2015. This is the answer.

The annual turnover of the SGX market in 2019 was RMB 220 trillion, which is a full RMB 85 trillion more than last year. The annual turnover of RMB 305 trillion is 1.5 times the sum of the Shanghai and Shenzhen stock markets next door.

Tian Jiayi continued to report: "This year, a total of 313 companies have registered and listed on the SGX market, and 79 have delisted. The current total number of listed companies is 2,063."

Fang Hong, who listened to the report, nodded and did not answer. The SGX market currently maintains a volume of 2,000 listed companies and can fully assume the function of a currency reservoir.

Not surprisingly, if current progress continues steadily, the total number of listed companies in the SGX market in five years' time should be around 3,000.

Tian Jiayi said: "The total market value of the SGX market at the end of the year exceeded one billion. The specific market value was 106.75 trillion, an increase of 31.43 trillion compared with last year. Oh, by the way, the total market value of the Shanghai and Shenzhen stock markets It has reached 79 trillion, an increase of 20 trillion. The total market value of the A-share market now reaches 185.75 trillion, with a cumulative increase of 51 trillion this year.”

Having said this, Tian Jiayi raised his eyes and looked at Fang Hong: "The total market value of U.S. stocks during the same period was 40.72 trillion U.S. dollars. According to the current exchange rate of 6.32, the total market value of A-shares is approximately 29.39 trillion U.S. dollars. The volume is getting closer to that of U.S. stocks. This year's data has expanded. There is a bit too much, and it has deviated significantly from the total GDP, and there is a risk of turning from real to fictitious.”

Hearing this, Fang Hong was quite indifferent: "The two cities next door are turning away from reality. They are too watery. If they are squeezed out, they will not exceed the total GDP of this year. It is not a big problem. Next year we will drain them of the SGX market." The pipes have been removed, and the two neighboring cities have lost their core support, and will definitely revert to the mean. "

This year, the two neighboring cities followed the surge, increasing their market value by more than 200,000 yuan, reaching a height of nearly 80 trillion yuan. It is indeed a huge bubble.

There are also bubbles in the SGX market, and Fang Hong has never resisted bubbles, but the premise is that there is the strength to fill the bubbles that are blown up. The SGX market has this strength. The value growth brought about by the upgrading of the technology industry will blow up the bubbles. The bubbles that rise up are filled to achieve a virtuous cycle.

If there is a bubble, capital will favor this field more. Fang Hong has previously blown up bubbles in the technology industry to attract capital investment in the technology field.

Regardless of what's going on here, is there anyone cutting leeks and trapping money? The answer is yes, but at the same time, there must be real funds to enter the field of science and technology. Only in this way can science and technology develop.

Fang Hong is learning from Ah Mei’s operation. Ah Mei is not all without merit. Ah Mei blew up the Internet technology bubble from the end of the last century to the new millennium. Although it collapsed later, it is undeniable that it actually promoted the Internet. The explosive development of technology has led to the rise of many technology giants such as Google and Microsoft.

However, Fang Hong will not copy it. Bubbles are a double-edged sword, so we cannot go to extremes, so we strictly control the entry of leveraged funds into the market.

The current total market value of 106 trillion in the SGX market is reasonable, while the market value of the two neighboring cities of more than 79 trillion is just a castle in the air. The most fundamental reason why it can support this market value this year is that it is constantly indirectly sucking blood from the SGX market.

But Fang Hong is sure that starting next year, the two neighboring cities will enter a super bear market and will never rise again.

Because starting next year, Fang Hong will pull out the tubes that the two neighboring cities suck blood from the SGX market, that is, by launching three new stock indexes, the SGX Composite Index, the SGX 500 and the SGX 1000, and at the same time launching corresponding ETFs and a large number of industry ETFs, and industry ETFs can only hold stocks in the SGX market.

This is the core theme of the reform that the SGX market has determined for next year.

Once it is implemented, the current institutional funds that rely on half of their positions to hold SGX stocks for hedging, and the other half of their positions to take over high-priced junk stocks next door will no longer work, because no one will subscribe to such funds anymore.

In addition, Fang Hong will actively promote the popularization of financial knowledge and common sense, comprehensively improve the financial cognition of retail investors, especially fund investors, and break the barrier of information asymmetry. Such cooperation will be the ultimate killer for those financial rentiers.

The most important factor for them to be happy with blood sucking now is that they are taking advantage of the information asymmetry and cognitive asymmetry of hundreds of millions of fund investors.

As long as the fund investors have a good understanding, they will never subscribe again, and will be angry and redeem without hesitation. At the same time, the SGX market must also be prepared to meet the liquidity of these fund investors, that is, to provide a large number of index-level on-exchange ETFs and over-the-counter ETF links and other investment products, including on-exchange industry ETFs and over-the-counter industry ETF links.

Obviously, this is absolutely a dead end for those financial rentiers.

The reaction is that by next year, the two neighboring cities will turn into a bear market again, and it will be a bear market to the end.

The blood sucking tube has been pulled out, and they can only scythe each other and fall into a cruel stock fight.

The three major stock indexes in the future will be the SGX 50 Index, SGX 500 Index and SGX 1000 Index, as well as the three-in-one SGX Composite Index as the overall market index. By then, the SGX market will actually replace the two neighboring markets, while the neighboring markets will exist in name only.

This has been the strategic goal from the beginning and the historical mission of the SGX.

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