My fintech empire.

Chapter 1324 [Feeding back to the real economy and boosting consumption]



Chapter 1324 [Feeding back to the real economy and boosting consumption]

Chapter 1324 [Feeding back to the real economy and boosting consumption]

In fact, in the head-on confrontation at sea in 2016, Taiwan gave up the use of force after showing weakness, because Taiwan did not have the confidence to win. In addition, the new leader made the subsequent game adjusted to all means except hot war.

Since last year, the two sides have started fighting at the trade level, and the intensity has been escalating step by step. At the end of March last year, the new leader of the old magnesium signed two directives, one was to strengthen the implementation of existing anti-subsidy and anti-dumping punitive measures, and the other was to require a review of North magnesium's trade deficit and its causes.

By mid-to-late July last year, after 100 days of trade negotiations, the two sides failed to reach a consensus on new measures to reduce North Korea's deficit with the Eastern giant. To put it bluntly, the talks broke down.

Then in mid-July of the same year, the new boss of the old magnesium ordered an investigation into whether the Eastern Power had infringed on magnesium's intellectual property rights based on his so-called "Section 301". This move was also regarded as his first direct trade measure against the Eastern Power.

In mid-January this year, that is, last Wednesday, in an interview with Reuters, the new boss of magnesium threatened to impose "huge fines" on the so-called Eastern giant for "infringing on the intellectual property rights of magnesium companies."

Then, on the 22nd of this month, which was six days ago, the new leader of the old magnesium approved the imposition of tariffs on all imported washing machines and solar panels, saying that it was not limited to the big Eastern country. However, for these two industrial products, domestic brands have an absolute share of the market worldwide, accounting for more than half of the market share.

This series of actions all show that Lao Mei is not idle, and dare not be idle. On the one hand, he will not let you grow steadily, and on the other hand, if Lao Mei dares to be idle, he will explode. When he fails to reap the wealth of the world, Lao Mei will either explode on the spot, or Angsa will break with Squid, and Angsa will sacrifice Squid.

But for now, the Ansa squid has not reached this point yet and is still seeking to reap the world's wealth to maintain the status quo. Now only the size of the Eastern powers can satisfy their appetite, and as long as the harvest is successful, it can continue for another 20 to 30 years.

However, things change over time. Today’s Eastern power is no longer the Eastern power of 30 years ago, and today’s old magnesium is no longer the old magnesium that was in its heyday 30 years ago.

……

However, at present, with the Xinzheng 50 Index reaching 3600 points, media reports on the stock market have become more frequent, and stock-related terms have frequently become hot searches.

Since the beginning of the new year, the SGX market and the SGX 50 Index have been in the spotlight in January. Topics related to them are almost all discussed in major stock forums and various stock exchange groups.

"It's a perfect red envelope market. I can have a great year this year." A small investor looked at his securities account happily. He held the SGX 50 ETF, but he could not buy individual stocks without opening the SGX authorization. To participate in this market, he could only buy related on-exchange ETFs or over-the-counter funds.

However, the ETF he bought still made very considerable profits this month. In the first month of the new year, it brought him a profit of 50,000 to 60,000 yuan, which is equivalent to his salary for almost half a year. This month's market is also called the "red envelope market" by the majority of investors because it is getting closer to the Spring Festival.

"I have to buy a MIX headset to support this." The stock investor turned off the market software. He did what he said and immediately went out to the city center to visit Xingyu Technology's offline store in the city.

He is not the only investor who has this idea. Many investors who have made money have cashed out part of it and used the money for consumption. Many of them have purchased Xingyu Technology products. Although the MIX headset is not cheap, investors buy it without blinking an eye.

On the one hand, this product is indeed a good thing, and on the other hand, the most important thing is that we can make a lot of money this month.

Moreover, there is a hot topic in the comment section of Xingyu Technology Stock Forum, which is that if you make money, you must buy a MIX to contribute to the performance of Xingyu Technology.

Some stock investors saw such topics and were influenced by them. In addition, they did not buy before and now they have made money in the stock market, so they are starting to "make up for the loss" and buy.

The MIX headset under Xingyu Technology has ushered in a small sales peak in the following period. You should know that domestic investors are a huge group with a scale of 1.5 million. Just picking out 1% of them means 150 million people.

In a sense, this is also a microcosm of the capital market feeding back to the real economy and stimulating consumption. Of course, people have to spend the money they earn, especially young people who do not need any stimulation when they have money; they will consume it on their own.

The SGX market achieved a pattern of seven profits, two draws and one loss. About 70% of investors made money, which means that the majority of retail investors also enjoyed the dividends of the development of the SGX market. They started spending the money they made, and money began to flow in all walks of life.

Some retail investors buy MIX headsets, some are preparing to buy a new car, and some are planning to travel to certain places during the Chinese New Year.

No matter how rich a super-rich person is, he cannot eat nine meals a day. Boosting consumption still depends on the vast middle and lower-income groups, because they make up the absolute majority of the population.

……

Entering the weekend.

On Saturday morning, the SGX market disclosed an announcement regarding the latest progress of the "Singapore-Hong Kong Stock Connect".

The final networking exercise will be held at the end of March. From late March to mid-April, a group of New Hong Kong Connect participating institutions will be organized to conduct a connection test and two simulated market exercises to confirm that the trading system is ready for the first day of New Hong Kong Connect's launch.

Currently, the exercise schedule has been sent to participating brokerage institutions of H-share related exchanges.

According to the news, 88 mainland securities firms and 113 H-share securities firms have applied to participate in the first batch of New Hong Kong Connect.

Some securities firms are actually not interested in the SGX because the SGX market does not allow for tricks or unspoken rules. At least the cost and risk of doing so are more than ten times that of their neighbors.

But unfortunately, the trend is now with SGX. Who can help but come? Not only do you have to come, but you also have to pretend to be enthusiastic, otherwise people will look at you with intriguing eyes. This is the trend, and no one dares to confront it openly.

The first batch of securities firms that have applied to participate in the New Hong Kong Stock Connect must conduct connection tests from March 3 to 23 to verify and confirm that the securities firms' own systems are ready to participate in market exercises; the New Hong Kong Stock Connect online market exercise will be officially launched from April 26 to 4, simulating normal trading, delivery and settlement. Securities firms in Hong Kong can test the simulated buying and selling of 2 designated SGX market stocks for H-share investors.

A crisis response exercise will also be conducted on April 4, during which all parties will simulate a trading system failure and switch from the main data center to the backup data center to test the economic operation procedures.

Unlike previous end-to-end tests between securities firms and exchanges, the upcoming market exercise will involve all securities firms that have applied to participate in the first batch of the New Hong Kong Stock Connect within the specified time, and the H-share server will be connected to the SGX server to create a simulated trading environment.

According to the information disclosed, the New Hong Kong Connect project has received a positive response from securities firms in both places. Currently, mainland securities firms that have applied to participate in the New Hong Kong Connect account for 90% of the SGX members. On the H-share side, there are 220 securities firms that are interested in participating in the New Hong Kong Connect, of which 113 have applied for the first batch of participation in the H-share market, accounting for more than 80% in terms of market share.

Although the SGX and H-shares have successively stated that there is "no specific launch timetable for the New Hong Kong Connect at present", in fact, all preparatory work for the New Hong Kong Connect is progressing smoothly and the efficiency is far exceeding market expectations. Market participants also generally expect that the New Hong Kong Connect should be able to complete all work and be officially launched within the next six months.

Under the expectation of the New Hong Kong Stock Connect, overseas funds have continued to flow into Hong Kong in the past half month. The continuous inflow of foreign capital has led to a continuous rise in H shares. As of last Friday at the beginning of the new year, the Hang Seng Index has risen by +10.08% in total, setting new historical highs. It has not only stood above the 33000 point mark, but also broke through the historical high of 31958 points in October during this period.

This shows that overseas funds are very attractive to the SGX market.

……

(End of this chapter)


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