There has never been a shortage of capital in the Singapore capital market, but the overall liquidity and valuation of the SGX is a major problem. As far as financing is concerned, if NIO is listed in Singapore, this amount of capital can be easily satisfied, but the motives and purpose of its listing are incomprehensible. Mainstream local institutions have no confidence in the secondary market, and expect a few small strolling houses to revitalize the market? As for the introduction of Chinese investment in the market, the self-impetion concert died very miserably, not to mention what the conservative supervisory authorities on this side would think