The five existing 50 ETF funds in the market have been bought by the army of retail investors, which is not an exaggeration at this moment.

The five new stock 50 ETF on-site funds, the current plate scale has exceeded 100 billion scale, of which the largest plate scale of the Huaxia new stock 50 ETF has reached 235.5 billion, which is an incredible number, according to this posture in the future, it will definitely break the rhythm of 300 billion scale.

Because the entry threshold of SGX is too high for thousands of small individuals, but now there are thousands of retail investors who want to embrace SGX, and they want to come to the SGX market to play, either buy SGX ETFs on the market, or buy SGX ETF feeder funds off-site, or strategic SGX theme funds.

It is precisely because of this that these five new stock 50 ETFs have been bought, and the scale of the plate has expanded exponentially, because eighty percent of the retail funds from the main board have entered these five new stock 50 ETFs.

The issuers of these five on-site funds laughed crookedly in private, and the proper Tianpo Fugui smashed it over, and this year's performance ranking will not be bad, and now it is more and more determined that the original decision was too wise.

……

With the passage of time, after the new stock 50 index on the SGX side of the stock exchange, the main board index next door also rebounded, because the five new stock 50 ETFs were up and down, and the funds behind them could not be bought.

As of the close, the three major A-share markets were mixed, showing a pattern of ice and fire.

The Shanghai Composite Index fell -4.27% to 2,946.67 points after hours, with a turnover of 208.6 billion, the Shenzhen Component Index fell -5.84% to 10,106.79 points, with a turnover of 458.5 billion, and the New Stock Exchange 50 Index rose +10.00% to 1,456.82 points, with a turnover of 216.2 billion.

The total full-day turnover of the three major trading markets was 883.3 billion, and today's SGX trading volume exceeded the precedent of the main board of the Shanghai Stock Exchange for the first time, which is also a record of extraordinary significance to a certain extent.

……

The next day, Tuesday, April 19.

The A-share market opened as scheduled, and the SGX, the first to open the market, the new stock 50 index staged an exponential price limit yesterday, and today's auction opened sharply again, opening +2.61% higher at 1494.82 points.

The opening quickly broke through the 1500-point integer mark and continued to attack.

The strength of the new stock 50 index has made the market look sideways, if yesterday's surge in thousands of small retail investors is the main force, today's main baton is handed over to the hands of the over-the-counter people.

Because yesterday, many people were also subscribing to over-the-counter funds, including subscribing to ETF feeder funds, or active funds.

Yesterday's funds were in place, and today they began to enter the market, becoming the main force to promote the market to continue to rise.

Today, there are 8 new stocks on the SGX at the same time, which can be regarded as catching up with the market, these new stocks have also risen very sharply, and there is no limit on the rise and fall on the first day of listing, and these new stocks have played an average of 3 times the intraday increase.

However, they are all small-cap stocks, and the market value of the largest individual stock is 4.755 billion.

The main board next door opened -0.72% lower today, and it was also half-dead after the opening, while the new stock 50 index is still hitting record highs repeatedly.

At about 11:53 a.m., during the main board closure, the new stock 50 index rose to 1559.96 points, an increase of 7 percentage points.

Although investors were extremely eager for the new CSI 50 index to set a new historical record, the trend gradually slowed down in the afternoon, and it retreated, and finally failed to achieve an exaggerated exponential streak.

If you really want to get out of the exponential board, Fang Hong also has to let Xiao Quan and Liu Qizheng press them, although it is true that the SGSE 50 index must rise, and there must be a bubble, it does not mean that Fang Hong wants to make the SGX market completely fall into the madness of speculation.

Although there is no daily limit, the new stock 50 index still walked out of a barefoot long white candle with a gap high.

As of the close, the new stock 50 index rose +5.87% to 1542.34 points, and the trading scale was further enlarged to 261.6 billion.

The main board index next door is the end of the green disk, the market closed at 2,900 points today, and the turnover shrank to 180.9 billion, and the trading scale of the SGX for two consecutive days exceeded the main board of the Shanghai Stock Exchange, and today it is more than 80 billion more than the main board.

Investors opened the trend of the new 50 index, looking at the K-line graphic is simply picturesque, today's daily K-line came out, the new 50 index rose from the historical bottom of 780.15 points to today's all-time high, the cumulative increase of the entire main rising wave has reached +99.95%, basically no different from doubling.

After today's close, SGX has set a new historical record, with its total market capitalization breaking through the 20 trillion mark, specifically 20.27 trillion, surpassing the Shenzhen Stock Exchange of 19.82 trillion.

In terms of market capitalization, it is second only to the Shanghai Stock Exchange among the three major A-share trading markets, which is equivalent to the sum of the market value of four and a half start-ups, or the sum of the market value of two and a half small and medium-sized boards.

The total market capitalization of SGX accounted for 28.95% of the total market capitalization of A-shares, and because the market capitalization of SGX skyrocketed, the total market capitalization of the A-share market was once again pushed to the 70 trillion mark.

Investors from all walks of life didn't know it, and they were really shocked when they saw it, and they were shocked to find that the total market value of Big A has reached 70 trillion.

What is this concept?

At the peak of the bull market in June last year, when the broader market index rushed to more than 5,000 points, the total market value of A-shares peaked at 71 trillion.

The current total market value is only 1 trillion compared with the peak of the bull market last year, but the market index rushed to 5178 points at the peak of the bull market last year, and today's market index is 2900 points.

Shareholders also shouted out of the big spectrum.

However, if the market value of the SGX is not counted, the big A is about 50 trillion market capitalization, but compared with the current market of 2900 points, it is still an index distortion.

Big A's current market value is 70 trillion yuan, and a rough calculation from this year to the present, although the market index has fallen from more than 3,500 points at the beginning of the year to more than 2,900 points now, the nominal market value of the stock market has increased by as much as 13 trillion yuan.

The net increase of 13 trillion market capitalization, SGX contributed 77%, that is, about 10 trillion.

And it is mainly contributed by the more than 20 listed companies of the galaxy, and the new stock 50 index is almost all the super large-cap stocks of the galaxy, and these big guys have doubled from the bottom, which corresponds to the fact that the new stock 50 index has also doubled at present.

The data matches perfectly.

The current SGS 50 Index has not yet reached 50 constituent stocks, and basically those votes of the galaxy have doubled, and the SGS 50 Index will also double.

When the SGX stock pool begins to take shape, Fang Hong will appropriately reduce the proportion of listed companies in the galaxy, and if the position is not enough, then the best of the best, or the turn will come, anyway, the new stock 50 index will continue to maintain the trend of rising relay for a long time in the future.

The total market capitalization of SGX today surpassed that of the Shenzhen Stock Exchange for the first time, and the next goal is to surpass the Shanghai Stock Exchange, Fang Hong also expects that it may be achieved in the second half of 2017 soon, and will surpass the Shanghai Stock Exchange in 2018 at the latest, becoming the largest nominal market capitalization among the three major A-share trading markets.

The bigger goal is to make the total market capitalization of SGX exceed the sum of the market capitalization of Shanghai and Shenzhen around 2O2O, and then SGX will be the de facto absolute card of Big A.

At that time, when people talked about A-shares, they must have defaulted to the SGX, and when they talked about the large-cap index, they also defaulted to the SGX 50 index.

……

(End of chapter)