In the past few days, the science and technology circle has been very lively, and the topic of Xingyu Technology's summer new product launch conference has remained hot, while on the capital market, the new stock 50 index has not further reached a new high after standing at a record high of 2,400 points on Tuesday.

The new 50 index retraced -0.62% on Wednesday, and then fluctuated and turned red after opening low on Thursday, closing up +0.42% at 2,401.74 points, narrowly holding the 2,400-point mark.

At the start of trading on Friday, the new stock 50 index rose to 2,406.89 points at around 9:55 a.m., just as it was about to hit a record high, and the wealth fund announced an announcement of a large-scale reduction plan.

It officially announced that it would reduce its holdings of Matrix Quantum, Kunpeng Technology, Maker Place, Ukefang, Kyushu Bank, WeChat and other stocks held by its first phase of capital to no more than 3.5% of its total share capital, and officially began to reduce its holdings after 15 trading days.

According to the announcement, the shareholding reduction plan is expected to cash out 1 trillion funds from the secondary market.

This is a pile of holdings and trillions of cash.

As soon as this news came out, the entire large A shares were frightened by the announcement of the wealth fund's reduction, especially the direct flash crash of the SGX market, and the new stock 50 index dived in response.

Nearly ten minutes after the announcement was disclosed, a new message also appeared in the relevant listed companies that were reduced, reminding investors that the company had issued a shareholding reduction announcement, and the major shareholders would implement the shareholding reduction plan after 15 trading days.

Wealth funds cannot be forced to reduce their holdings in advance, technically they can't do it, and the SGX's trading system platform is restricted, and after the announcement of the reduction is included, the trading system platform will only lift the lock-up restriction after 15 trading days before it can reduce its holdings in the secondary market.

At the same time, Fang Hong is also paying attention to the trend of the SGX market, at this time the whole market is turning down, and the companies on the list of companies that have reduced their holdings are diving sharply at the moment, and the New Stock Exchange 50 Index is also falling sharply.

About fifteen minutes after the announcement came out, Matrix Quantum fell to the limit, Kunpeng Technology also fell to the limit, and WeChat was pressed on the fall limit board immediately after.

Funds are fleeing in a panic on a large scale, and all of a sudden pile of holdings and cashing out trillions of dollars has left investors from all walks of life in the market at a loss.

Today, the three major A-share trading markets fell across the board, among which the SGX fell the most viciously, falling below the 2400 and 2300 points mark in succession, because the vast majority of the wealth fund's holdings are in the SGX, and the majority is still in the constituent stocks of the SGX 50 Index.

At the close, the Shanghai Composite Index fell -0.91% to 3,246.07 points, with a turnover of 224.1 billion, the Shenzhen Component Index fell -1.26% to .86 points, with a turnover of 286.9 billion, and the New Stock Exchange 50 Index fell -4.49% to 2,293.83 points, with a full-day turnover of 455.8 billion.

The SGX market released a historic volume today, setting a new record for the largest single-day turnover since the market opened, and the SGX 50 Index fell by 109.91 absolute points in one day today, which can be described as a sharp decline.

Shareholders also exploded, Fang Hong's Weibo was lively again, and they all went to his Weibo to leave a message to ask what the situation of the wealth fund's reduction was?

Although Fang Hong is not the direct manager of the wealth fund, everyone habitually runs to his Weibo to leave a message whenever there is something, who makes him love to be active on the Internet, or the real ultimate boSS of the galaxy.

This weekend, Saturday and Sunday, the most important news topic in the capital market is the trillion-dollar reduction of wealth funds.

At this time, people with ulterior motives began to poke and poke at the rhythm, saying that the stars were poor and daggers, and finally began to harvest shareholders, and at the same time, the voices of singing about the SGX also came out in large numbers at this time.

The water army began to create panic, spreading remarks that the new 50 index 2400 points of the universe peak is really coming this time, and the bull market that has lasted for more than a year is coming to an end.

These rhythms did frighten a lot of stockholders, and Fang Hong was also silently watching, but he was not in a hurry to speak out or make a move.

……

After the weekend, the stock market opened a new week, and the three major A-share trading markets fell again, and on Wednesday, April 19, the New Stock 50 Index closed down -1.40% at 22

20.12 points, a new recent low.

The announcement of the trillion reduction of wealth funds has an obvious impact on the market, and the absolute majority of the reduction is on the side of the SGX, but the main boards of the two cities next door are not much better, because of this time window, the "annual report thunder" of many listed companies next door began to strike.

After four consecutive losses, on Thursday and Friday, the market ushered in a technical over-falling rebound, and the New Stock 50 Index rebounded by +0.96% and 0.61% respectively in the past two days, closing at 2255.11 points.

Investors thought there were signs of stabilization, but on weekends and weekends, bad news was exposed.

It is now mid to late April, and the annual report disclosure of listed companies is as late as the end of April, and many companies have basically disclosed the news of their annual reports, and the latest quarterly positions of investment institutions of major listed companies have also been announced.

We found that there has been a huge change in the holdings of wealth funds, and the latest institutional position information shows that the wealth fund has disappeared because there is no need to announce in advance that the proportion of holdings has not exceeded 5%.

Someone roughly counted that the wealth fund sold off those listed targets with no more than 5% of the shares, and cashed out another 200 billion yuan, and it has already cashed out.

This news fermented on weekends and weekends, once again triggering panic among investors.

……

At the opening of trading on Monday, April 24, the three major A-share trading markets fell again, and the New Stock 50 Index fell below the integer mark of 2,200 points on the same day, and fell -2.46% to 2,199.68 points after hours, further setting a new low in recent times.

At the same time, some people who want to die on the SGX are also working hard to launch a water army to lead the rhythm at this time, all kinds of singing about the market, and all kinds of smears saying that Fang Hongtu is poor and is about to start harvesting.

Some people are more or less hesitant to be affected by this rhythm, worrying that the new stock 50 index may really usher in a historic top like the main board Shanghai Index 6124.

However, after today's long black candle, the new 50 index did not go further the next day, but ushered in a four-day rebound, up +0.87%, +0.63%, and +0.81% respectively, and on Friday, the new 50 index rebounded further by +0.44%, closing at 2260.84 points after hours.

The negative candlestick that fell sharply on Monday was successfully repaired.

The reason for the rebound in the past four days is mainly that the continuous rebound of the stock price of Matrix Quantum has driven the New Stock 50 Index, and the reason why Matrix Quantum has rebounded again is that Chen Yu, the head of the company, led an industry developer conference, or hAc ecological developer conference.

The tech world has attracted a lot of attention, especially the AI one.

There are many industry insiders participating in the conference, and this conference is actually to formulate industry standards and pave the way for the construction of a unified market for national storage and computing services.

People who want to get a piece of the pie in this field have basically come to Xincheng to participate in this conference, including some well-known foreign hardware manufacturers also sent people to attend the meeting, which can be regarded as coming to understand the latest situation in the Greater China market.

There are no special restrictions on matrix quantum, as long as you are in the industry, you can come, whether it is a mainland enterprise or a foreign enterprise manufacturer.

……

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