At around 19:20 in the evening, an investment institution in the mainland.

"What do you say? Metro Stock Exchange? Implement the pilot project of the registration system? Unveiling next Thursday? Is the message reliable? It's probably a rumor, right? The agency's CEO was also shocked to receive a reward from his assistant.

"Mr. Jin, I have confirmed again and again, the news is true, the latest announcement on the official website of the new city is still hanging there, and I also called the local government hotline for consultation, and the response is that the SGX is true." His assistant said with great certainty.

"Ah......h

The boss was speechless for a while, he was really caught off guard, he didn't expect it at all, he really didn't expect it at all, and after a while he said: "Suddenly a new city stock exchange popped up, and a registration system was launched, I really never expected it......"

His assistant answered: "Now the industry has exploded, not only us, but almost the entire circle did not expect it." Rumors of the rollout of the registration-based system have been rumored for a few days, but no one expected that there would be a SGX and especially the implementation of the registration-based pilot project. ”

At this time, the boss was quite puzzled, and couldn't help but say to himself: "This matter is really strange, no, from the process point of view, there is something wrong, this matter should be led by the Regulatory Commission, even if it lands in Xincheng and falls on the SGSE, the Regulatory Commission should be the leading institution, after all, the securities market is under the management of the Regulatory Commission." ”

After a while, his assistant said: "A new exchange was established and landed in Xincheng, and the headquarters of Qunxing Capital can be in Xincheng, will the pilot of the registration system of Xincheng Stock Exchange be related to Fang Hong?" ”

"You don't need to ask, it must have something to do with him." The boss said without thinking: "Otherwise, why would you land in the new city?" Even if someone tells me that the SGX thing was promoted by Fang Hong, I am not surprised at all, he has this energy. ”

After a while, the boss looked puzzled again: "What I don't understand is that, judging from the information revealed so far, how do I think Xinjiao has to go it alone?" ”

His biggest confusion is that there is a kind of SGX that seems to have the meaning of opening a small stove alone, and the village seems to be unable to exert influence on the SGX, or the influence that can be exerted on the SGX is very limited.

In fact, there are many people in the circle who agree with the boss's thoughts.

As soon as the news came out, from the initial shock, stunned and even suspected that it was fake news, to after confirming that the news was not fake, many people began to study it, everyone is a smart person, and some signals released from the limited information have made some sensitive people perceive some differences.

Under normal circumstances, this kind of thing should be the head of the village to play the C position to lead the whole audience, not to mention that the registration system is a very important thing in the big A, and it has been shouted for many years, and it is not a small matter to stay in the capital market.

As a result, the news of the landing was suddenly announced without everyone being caught off guard, not to mention, it was actually the SGX itself standing in the C position, and the village gave people a taste of guests.

That's intriguing.

For a while, it also triggered various conjectures in the circle, and even a lot of rumors appeared, for example, some people said that the catastrophic market of Big A made the top quite annoyed, and made this market like this, and some people were going to be punished.

At this time, the SGX landed at the speed of light, and it is impossible not to provoke speculation.

If so, it makes sense, an exchange suddenly landed at this time node, or landed in Xincheng, everyone was surprisingly unanimous in thinking of Fang Hong and Qunxing Capital.

Because the headquarters of Qunxing Capital is in Xincheng, this exchange has landed in Xincheng, and in recent times, Fang Hong or Qunxing Capital has made great contributions to saving the market, and he has also spent trillions of funds to save the market, and Fang Hong has stood up at a critical moment to turn the tide.

But the big A is like this, not only someone wants to be boarded, but at the same time, it is impossible to say that it will not change, so the new city stock exchange registration system pilot thing has appeared, and being able to land at the speed of light in the new city shows that someone can do this thing well, at least the person who made the board thinks so, otherwise even if it is to change, it is impossible to land at the speed of light without the right person to execute.

The registration-based pilot project landed in Xincheng and supported an exchange to execute, which released another signal, the above is to let this matter be handed over to a new team to implement.

It can basically be concluded that Fang Hong and Qunxing Capital must play an extremely important role in the SGX matter, and it is even very likely that they are the actual planners and executors of this matter.

With the confirmation of the news, almost all people in the circle feel that the mainland capital market may usher in major changes.

After learning that Fang Hong was also going to attend the unveiling ceremony of the establishment of the SGX, many people in the circle began to move, and some even took a plane to the new city overnight.

The official unveiling and ribbon-cutting next Thursday will give people from all walks of life a full three days to fully consider the stakes, if you want to follow the stars or make a good fate, then next Thursday will definitely be to cheer.

Of course, some people will naturally not go, and Fang Hong is not a banknote, so it is impossible for everyone to be pleased.

After confirming that the implementation of the SGX registration-based pilot has become an established fact, people from all walks of life in the investment community immediately began to inquire about the news, hoping to get more details of the SGX-ST registration-based system as soon as possible.

On the weekend of July 26 the next day, Fang Hong also released some news, also to see the reaction of the outside world, so all kinds of rumors and gossip about the SGX flew all over the sky, becoming the focus of the weekend in the capital market.

On the morning of the same day, there was grapevine that the relevant people familiar with the matter said that the SGX will usher in the most relaxed IPO threshold in history and the strictest delisting mechanism in history, after the listing on the SGX, companies that do not meet the conditions will be forced to delist, and after a listed company is forced to delist, the directors and senior supervisors of the listed company, the promoters and all the companies established by them are not allowed to directly or indirectly enter the SGX to apply for re-listing in the next ten years.

The person familiar with the matter further revealed that in the future, the normal delisting rate of SGX-listed companies may be as high as 50%, that is, 50 out of every 100 listed companies may eventually be delisted.

As soon as this news came out, it quickly caused a huge sensation in the domestic capital market, and you must know that in the more than 20 years since the opening of the big A, the average annual delisting company is less than 5.

In the afternoon, there was another blockbuster news in the market, and a person familiar with the matter broke the news that SGX will implement the T+3 trading mechanism for institutional investors, while the T+1 trading mechanism for general retail individual investors.

As soon as the news broke, the market exploded, especially the retail investors were shocked and excited, which is a big killer, for example, if there is an emergency in a listed company, the news of retail investors must lag behind the institution, but the retail investor has a three-day window more than the institution to flee, so even if the institution gets the news early, it cannot immediately flee immediately.

……

(End of chapter)