Chapter 1084 [SGX's First Stress Test]

In fact, it is essentially a tacit division of interests, and the scarce low-earth orbit resources within 2,000 kilometers above the earth will not exceed 110,000.

In Fang Hong's design layout, after many years of final game results, Jiutian Star Network will account for 70,000 of the scarce orbit resources, and Elon Musk's SpaceX will account for 30,000 of the scarce orbit resources.

The two families divide about 90% of the cake, leaving about 10% of the leftovers for others.

Isn't this leaving you with nearly 10,000 orbital resources, don't be ignorant, behind the two families are standing among the five hooligans of Blue Star, and the comprehensive strength ranks first and second.

As long as this pattern is brought about and becomes an established fact, the so-called world outrage will not be enough.

If you don't understand Mahayana Buddhism, Lao Qu also knows a little bit about fists and feet.

Taking a step back, not everyone can play in outer space, just send the artificial satellite into space, there are only a few players in the world can do it, if you want to go to space to play, you have to count on people to send your satellite, if you offend people, you don't even have the qualifications to go to the table, let alone want to play cards.

When the time comes, we will throw an olive branch to some people who know the times, and further divide them, and there will be no waves.

……

It's November.

The progress of the Star Network project can be called a god speed, because the "Blue Arrow-5A" heavy-duty rocket will carry out four launch missions this month, and all of them will receive the launch mission of the Jiutian Star Network.

It's equivalent to saying that it will be sent once a week.

If it were not for the lack of stocks of small satellites, the frequency could have been increased.

The main goal is to quickly occupy the pit, and some of the satellites sent up are not all for the networking of the satellite network, but are rushing to occupy the orbital resource pit.

As long as it is occupied, then this orbital resource will be the nine-day star network in the future, and even if the life of the satellite expires in the future, the network will be replenished in time.

On the other hand, several domestic satellite manufacturers have received tens of billions of orders from Jiutian Star Network Company, and they have directly received a soft hand, and they have also added several production lines in one breath to fully explode production capacity to ensure smooth supply, because the orders can be scheduled to five years later.

The action here is so fast, Elon Musk next door is also anxious in his eyes, and he can't wait to launch Falcon 9 now, but he also knows that this kind of thing is not in a hurry.

First of all, we must get the level of rocket recovery, and we can't keep up if the launch cost is not reduced.

The cost of a full-load launch mission of the heavy-duty rocket "Blue Arrow-5A" of the Blue Arrow in Kyushu next door has dropped to 176 million yuan, with an average of only about 2.3 million yuan per ton.

The cost of sending a kilogram of cargo to space with a traditional rocket is about 15,000 US dollars, and 15 million US dollars for 1 ton, about 95 million yuan excluding exchange rate changes.

The recyclable "Blue Arrow 5A" heavy-duty rocket is compared with traditional rockets, and the cost has plummeted by two orders of magnitude, and the specific figure is 41 times cheaper, and there is room for further cost reduction and efficiency increase in the future.

It can be seen that if Elon Musk wants to follow, he must first light up the front-end technology of rocket recycling, otherwise your cost is 41 times that of others, so what about going with it?

Fang Hong can be so arrogant now, and even use satellites to only play a role in the pit, because the cost has plummeted.

Even from the perspective of rocket recovery technology, only Kyushu Blue Arrow and SpaceX can be qualified to be on the table, and others can't afford the cost of traditional rockets, and if they want to get on this table, they can either find these two companies to seek launch business, but it is impossible to give you launch resources at this time.

Either you have to light up the rocket recyclable and reusable front-end technology first, but this front-end technology is not so easy to light up, Elon Musk has been engaged in it for almost ten years and has not succeeded until now, and Fang Hong has also opened the hang to achieve a leading position.

Looking at the world, it is unlikely that there will be a third company that can master rocket recycling technology in the next three to five years, and when a third company masters rocket recovery technology appears, scarce orbital resources will basically be accounted for, and the pattern has already taken shape.

……

On Monday, November 2, Fang Hong's energy was once again shifted to the capital market.

Just today, SGX organized a number of brokerages, including Xinhong Securities, to conduct the first stress test to test the correctness of the technical systems of market participants by simulating the processing process of SGX's stock and depositary receipt transactions.

This test simulates many real-life trading scenarios such as SGX's registration-based stock issuance, new share listing, delisting consolidation, additional issuance and allotment, trading and non-trading and other full-cycle business entrustment declaration, transaction return, market receipt and display, clearing and settlement business processing, etc.

The relevant person in charge of Xinhong Securities, who participated in the stress test, disclosed that the stress test of the SGX registration-based pilot issuance business this week, most of the systems of the securities company, including the centralized trading system and client trading software, must be upgraded, and the system transformation will be completed ahead of schedule after the preliminary simulation test.

More than 30 information systems, including centralized trading system, investment trading system, online trading system, mobile trading terminal, account opening system, centralized operation and business handling system, risk control system, and settlement system, have been upgraded technically.

But today, SGX carried out a stress test, and what made the capital market and shareholders most sensational was another event, that is, the first exposure of trading hours, because it was different from what the outside world speculated.

"Good guy, the SGX is completely playing by itself, not with the main board!" At this moment, an investor muttered as he watched the FinancialLink Telecom news, and immediately went to learn more about the relevant news.

As soon as the stress test began, it was revealed that the trading hours of SGX were very different from those of the Main Board.

Investors know that the main board trading hours and bidding rules are from 9:15 in the morning to start the call auction, 9:25 to end the auction, then open at 9:30, to close at 11:30 at noon break for an hour and a half, at 13 o'clock in the afternoon to open continuous bidding, and then to close at 15 o'clock, the whole day trading time is 4 hours.

The SGX has made adjustments, starting the call auction at 8:45 in the morning, ending the auction at 8:55, and then opening on time at 9 o'clock to closing at 15 o'clock in the afternoon, with uninterrupted trading hours throughout the day, that is, no rest at noon, and 6 hours of trading time a day, which is 50% higher than that of the main board, and 2 hours more trading time.

In addition, the 5-minute period from 14:55 to 15:00 is used as the last call auction to confirm the closing price of the day.

At this time, investors from all walks of life in the market have thoroughly understood that the SGX is completely independent of its own system operation, and the big A is really about to usher in the era of "one share, two systems" with characteristics.

The trading hours of A-shares are small, the market has to be closed on holidays, and the trading hours on trading days are also short, and some investors have long hoped to increase the trading hours, but they did not expect SGX to increase the exchange hours to 6 hours.

This has brought a lot of pressure to the main boards of the two cities, and now the whole market is super optimistic about the SGX, and hundreds of millions of shareholders are highly anticipated, and it is not an exaggeration to say that they are looking forward to the arrival of the market opening.

Up to now, there are still many retail investors who are not giving up, hoping to lower the entry threshold of SGX and reduce the entry threshold of 1 million yuan to 100,000 yuan.

If it really wants to lower the entry threshold of 100,000 yuan, there will really be no one to play with the motherboard.

……