SGX's top-level design system has been continuously optimized and adjusted in Fanghong, and it has also been further improved, 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 around mid-August?" emmm……”

Tian Jiayi on the side quickly replied: "There are 25 days in a single trading day. ”

Fang Hong turned to look at the beautiful assistant: "Are there 25?" That's enough, well, that's enough, the 22 galaxy concept stocks that have been listed should be able to complete the repair and hit a record high in these 25 trading days. Then it was decided, and by mid-August, the 22 listed targets would be collectively suspended and delisted, and then the relevant handover work would be carried out in connection with the SGX listing. ”

To ensure the opening of the SGX early next year, the 22 targets of the galaxy will definitely be suspended and delisted from the main boards of the Shanghai and Shenzhen stock exchanges, and then listed on the SGX.

These tickets for the galaxies are definitely going to "move" to the SGX.

At this time, Tian Jiayi said: "Many of the retail shareholders who hold shares in it cannot meet the entry threshold of the SGX under your design, how should these shareholders be arranged?" Is it the company that directly buys back the shares in their hands? ”

Fang Hong shook his head and said, "There is no need to repurchase, maybe they don't want to sell and still insist on continuing to hold?" However, after the stock is transferred to SGX, they can only sell the galaxy target held in the account, that is, after the account sells the stocks, if the account does not meet the threshold of the SGX, it will not be able to buy, and it will also not be able to trade other stocks listed on the SGX, and they will have to go through the normal account opening process. ”

Tian Jiayi heard him make such an arrangement, and nodded thoughtfully: "This arrangement is not bad, and it can allow retail investors to hold it for a long time to a certain extent." ”

It is not enough to meet the trading threshold of the SGX, and there is a high probability that it will not reach the threshold for a long time, because the 22 stocks of the Stellar Galaxy are stuck with a BUG and hold the shares of the SGX, and retail investors must consider carefully if they choose to sell.

Once this only one-way operation opportunity is used, it is very likely that you will not have that opportunity to sell and buy back.

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

Especially for those retail investors whose accounts are less than 100,000 yuan, the threshold of two years of trading experience may be able to wait, and it is a big deal to wait for two years to meet this condition, but meeting the market value threshold of another 1 million yuan for one month in a row is not to say that it can be done by boiling alone, and it may not be possible to get a principal of 1 million in five or even ten years.

The key is that it is not easy to get 1 million yuan, and it needs to continue for a month, and the market value of the position is not less than 1 million yuan, which is equivalent to holding a full position for a month, and few people dare to do this.

It can be seen that an individual investor who dares to take out 1 million yuan to maintain a market value for a month is definitely worth more than 1 million.

A position of 1 million yuan is a full position, and he must be panicked, and he may not sleep well at night, while the other position of 1 million yuan only accounts for 2 layers of the total funds, and there are 4 million bullets in his hand, which is naturally very calm.

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

Fang Hong thought of the code starting with 8 characters, but after thinking about it, it was still left to Beijiao, and it is unknown whether this exchange will be made in this life, anyway, it is reserved for it.

Including the code starting with 688, I don't know if I will make the science and technology innovation board in the future, so it's good to reserve it.

Fang Hong quickly made a decision: "The trading code of the SGX starts with 680, starting with the trading code of the first stock, and so on 680001, 680002, 680003, and so on." ”

From 680 to 688, there are a total of 8,000 trading symbols that can be used in the middle, and the maximum capacity can meet 8,000 listed companies, which is enough for the new exchange.

Moreover, Fang Hong estimates that the total size of the SGX stock pool will develop to a mature stage in the future, and it should be maintained at about 4,000 stocks in ten to fifteen years to achieve balance, because under his top-level design system, 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 and companies delisted in the same year will generally tend to be a dynamic flat.

It is foreseeable that as soon as the news of the pilot of the registration-based system of the SGX comes out, after the top-level design is announced, the ST sector of the two cities will definitely be abandoned by a large area of funds, and it will be abandoned without hesitation.

Because the whole logic will be fundamentally subverted, this is a logical kill for shell resources, and the value will be cut by 99%, as long as the SGX opens, the feature of backdoor listing may be swept into the garbage heap of history, and the day the news is announced, the expectation will be formed.

There are still many people who are holding on to the shell resources, and there are even some investment institutions that specialize in the ST sector, staring at so many companies under Qunxing Capital that are waiting to be listed, and catching one is the return expectation of twenty or thirty times the bottom of the bottom.

At present, the affairs of the SGX are still in a state of secrecy and have not been announced to the public, and some of the details of the top-level design are only known to a few people such as Zhang Qi.

When the specific details of the SGX registration-based pilot are announced to the outside world, the ST plate and shell concept stocks will stage a killing market, and the story of the pheasant turning into a phoenix will never appear again, because the SGX registration-based pilot, Fang Hong is serious.

At the end, 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 SGX?" In any case, we have to gather all 50 constituents of the new stock 50 index. ”

Hearing this, Fang Hong shrugged his shoulders: "You think I don't want to?" But it's difficult, it's basically impossible, you still have to die of this heart. The willingness of the Shanghai and Shenzhen stock markets to reverse the tickets for these 22 galaxies is already very good, do you want more? Beautiful you, as soon as the SGX comes out, it will put pressure on them. ”

What is certain is that the Shanghai and Shenzhen stock markets must not want to put the 22 galaxies on the SGX, these targets are not only rare high-quality core assets, but also have an advantage in the Shanghai and Shenzhen markets, that is, Qunxing Capital will invest more energy in the Shanghai and Shenzhen stock exchanges.

Now that the SGX has been approved, these votes will be transferred to the SGX to be listed, and in the future, Qunxing Capital will inevitably put the focus of the capital market on the SGX, regardless of whether the market is 3000 points or 5000 points or 2000 points in the future.

This is really true, the approval of the SGX has landed, and Fang Hong's mind on the mainland capital market is all about this, 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 pondered: "Then we can only let the new stock 50 postpone the opening of the board, and the SGX will open first." ”

Fang Hong said with a smile: "No, just open the board and open the market together, no matter what, there are 22 Galaxy stocks as the basic disk, it is not a big problem to support a new stock 50 index, and the 50 constituent stocks will be slowly supplemented later, and the first batch of registration-based pilot companies will definitely be listed when the market opens." ”

After thinking for a while, Fang Hong added: "Let's get 36 companies listed on the first registration system, try to choose companies that are not invested in Qunxing first, and if it is not enough, we will find some high-quality subsidiaries from Qunxing Capital to make up for 36." ”

……