Now that the SGX registration-based pilot has been successfully implemented, it has become an established fact, as for how to toss and play tricks on the main board in the future, Fang Hong just eats melons and watches the show with a high-hanging mentality.

As the days passed, the new year was getting closer.

The first batch of 36 companies registered and listed has been determined, this is just the beginning, the exchange has not yet opened, but all work matters have not been left behind, and more companies applying for registration and listing are also being accepted.

After the first batch of registered companies landed on the SGX, the second and third batches will follow suit.

The expansion of SGX's stock pool as soon as possible is to provide financing support for more companies that operate steadily but lack funds, and on the other hand, to avoid a small number of listed targets becoming scarce varieties in the market and being speculated.

At the beginning of the opening of the exchange, there were dozens of listed targets, and now investors from all walks of life in the capital market are looking forward to SGX.

In this case, it is easy for the first batch of listed companies to be speculated by funds, because there are a lot of funds, but there are too few tradable varieties in the market, and individual stocks are easy to give rise to huge bubbles in the short term.

Fortunately, SGX's top-level design system inhibits irrational speculation in the market from multiple levels, such as the institutional T+3 system, the retail T+1 system, and the greatly raised entry threshold for retail funds.

In addition, the 22 listed companies of the Continental Galaxy transferred from the main boards of the two cities are also very critical.

Don't look at just 22 listed companies, these targets are all big guys, all of them are large-cap stocks with a market value of 100 billion, and they are super large-cap stocks with a trillion volume, Xingyu Technology, WeChat, and Matrix Quantum (quantitative capital) have all reached a market value of trillions.

Among them, Xingyu Technology has reached the level of 2 trillion yuan, which is the first stock in the current market value of big A, and the market value of one company is comparable to the total market value of hundreds of stocks on the entire gem.

A large plate means that it can accommodate more funds in and out, and the total market value of these 22 listed companies in the galaxy has reached 12.7 trillion according to the closing price at the time of suspension.

In other words, on the first day of the SGX's opening, the total market capitalization of the 58 listed companies listed on the exchange was close to 13 trillion yuan, accounting for about 20% of the total market capitalization of 65 trillion yuan of A-shares.

The listing targets of the galaxies transferred from the main board are the absolute fixing stars and ballast stones of the SGX, so there is no need to worry too much about the funds coming to the SGX that there is no place to accommodate.

However, speeding up the issuance will not change, and it is necessary to quickly allow the SGX stock pool to begin to take shape, and at the same time, it cannot be filled indiscriminately, and it cannot be expanded for the sake of expansion.

This must be a lot of pressure for the audit team, and Fang Hong is naturally clear, so he will spare more time and energy to stare at it in the first year of SGX's opening.

After all, it's hard to get started.

……

Tranquility Villa.

Tian Jiayi looked at Fang Hong and said: "The second batch of registered and listed new shares plan has set 27, and 11 have been approved so far. ”

Hearing this, Fang Hong nodded, and then said: "The third batch will be based on photovoltaic new energy, and then a batch of enterprises based on the supply chain of Xingyu Technology will be listed, and then a batch of enterprises based on the supply chain of Kyushu Blue Arrow will be listed......"

Such as Kyushu Blue Arrow, Xingyu Technology and other large and involved in the field of high-end manufacturing, the upstream and downstream have an extremely large industrial chain, among which there are many outstanding enterprises, also have development potential, in line with the listing requirements of the SGX.

Naturally, it is necessary to rectify these reliable companies, especially those listed on the SGX in the first year of its opening, and to put on high-quality assets as much as possible, and Fang Hong will also personally check them.

In fact, there are really a lot of high-quality assets, and in the future, Jiutian Star Network can form a huge and new industrial chain, including the orbital reef space station, which can also form a huge new industrial chain, and the more long-term vision is the space solar power station day-by-day engineering project, which can give birth to a large number of excellent high-tech enterprises.

Behind a series of space engineering projects such as the space gravitational wave detection project Sky Mirror, as well as the Saturn exploration and Mars exploration of the Nine Heavens Project, a large number of relevant high-tech enterprises are required to provide technical support, and many science and technology companies rely on these large projects.

Some of these outstanding companies will definitely get SGX when the time comes.

After a while, Fang Hongsi pondered and added: "Oh yes, DJI will also get it, and put it in the list of the second batch of listed companies." ”

At this time, Tian Jiayi couldn't help but say: "According to this degree of issuance, in 2016, the number of companies listed on the SGX may exceed 500, on average, it is equivalent to at least 2 new shares on the SGX every trading day, not counting the new shares issued on the main board of the two cities, roughly calculated together, the number of new shares issued in 2016 may be close to 800, which is to create an unprecedented issuance record for A shares." ”

Fang Hong was very indifferent when he heard this: "The number of new shares issued and listed is never the root of the problem, as long as the company you get is a good company, the more it is, the stronger it is, and the more it can attract more huge funds to invest, and the market is more dynamic." ”

Speaking of this, Fang Hong paused for a moment and turned his head to look at the beautiful assistant, and suddenly said with a smile: "To put it bluntly, there is nothing bad in the market, only those who don't want to do well." The reason why it is not good is that once it is really done, the door of some people's interests will be closed. ”

Fang Hong dared to let the SGX issue 500 new shares to be listed within a year, which naturally has enough confidence to support.

First of all, Qunxing Capital has a lot of unlisted high-quality companies, and most of them are technology companies with high growth potential.

The second is that the strong "money ability" of Qunxing Capital can make the ultimate guarantee for SGX's financing, even if other investors do not come, the liquidity provided by Qunxing Capital can also allow enterprises to raise capital here, which can ensure that SGX will not lose its financing ability.

After all, companies like Jingdong with IPO financing of 18.5 billion yuan are a minority, and it is impossible to catch a large handful, and large state-owned enterprises must choose to go to the main board if they want to be listed, and the SGX is originally for technology companies.

The vast majority of companies that come to finance and go public, as long as they are not rushing to go public to make money, they need to raise funds from the market to support the development of enterprises, and their IPO initial fundraising is generally three or five billion yuan, and the bosses of those enterprises will not raise funds indiscriminately, because they want to sell their equity while taking the money.

If he firmly believes that his company can become stronger and bigger in the future, and the more financing he has now, the more he will lose, then he must finance as much as he needs and try to raise as little as possible.

Only those who rushed to go public to make money at the beginning will not care about the dilution of equity, as long as the market dares to follow the money, and even package the company and sell it to you, and then he will roll up the money and run away.

Among the first batch of 36 companies registered and listed on the SGX, except for Jingdong, the IPOs of other companies basically raised about 300 million to 500 million, and some were less than 300 million. According to this calculation, even if there are 500 listed companies for financing next year, about 150 billion yuan will be taken from the market, and Qunxing Capital itself can provide 200 billion yuan of financing for SGX in a year, which is absolutely more than enough.

The reality is that in terms of the current expectations of investors from all walks of life on the SGX, there is no need for Qunxing Capital to pay a sum of money, and other investors can provide far more than 200 billion financing capabilities.

……

(End of chapter)