In Hong Kong, we build a global business empire

"Mr. Boss, Mr. Henry, what we are worried about now is that when the new workday begins, many of our businesses will face the dilemma of no one to handle them." General Manager Martin's words echoed in the office.

“For example, in our core securities brokerage business, we now have very few brokers left and are simply unable to meet the huge customer demand.

In addition, most of the key employees in business areas such as asset management, securities investment consulting, financial advisory, funds, and futures have also resigned, and the remaining employees are weak and unable to cope with such a heavy workload.

We have sought help from various headhunting companies, hoping to recruit more employees as soon as possible, but in the short term, it is difficult to recruit a large number of core employees for such key positions.

After all, our previous scale was built up over time.”

After General Manager Martin finished speaking, the entire conference room fell into silence.

Henry Keswick frowned, his eyes revealing deep annoyance and helplessness.

The eldest brother is here, and Simon Keswick, the current boss, remains silent.

The massive loss of employees today is undoubtedly a heavy blow to the company, but there seems to be no good solution at the moment.

If it were the Jardine Matheson Company in its heyday, they would not have to worry about this situation at all and could have simply transferred some employees from other companies under the Jardine Matheson Company.

But now, Jardine Matheson's business in Hong Kong is almost gone, most of which have been taken over by Lin Haoran.

In this case, where do they deploy employees?
As for Jardine Matheson's overseas employees, Jardine Matheson has no financial subsidiaries overseas at all, so this method can be directly ignored.

“You said, can we borrow some manpower from Huifeng Bank? Huifeng Bank is also our important shareholder. Now that Jardine Securities is in trouble, they should lend us a helping hand!” Martin continued.

"Don't think about it, Mr. Martin. I have already asked Mr. Shen Bi about this, but they didn't agree at all. In their opinion, they wish Jardine Securities would go bankrupt, so that Huoduoli Company would become the number one in the industry!" Simon Keswick responded with a wry smile.

At the beginning, when Bao Yugang was competing with Jardine Matheson for the controlling rights of Wharf Holdings, Bank of Hong Kong did not help Jardine Matheson, but instead helped Bao Yugang, a Chinese. The purpose was naturally that Bank of Hong Kong wanted to become the number one enterprise in Hong Kong.

Now, Huoduoli Company has once again got an opportunity to become the number one in the industry. How could they possibly extend a helping hand to Jardine Securities?
Just when everyone was at a loss, a panicked voice came from outside the office door: "The net value of several of our important fund products has fluctuated greatly. Investors have begun to redeem their funds, and the financial pressure is huge."

This news came like a bolt from the blue, making the already silent meeting room even more depressing.

Large-scale cash withdrawal applications mean that the company will face tremendous financial pressure, and at this moment, it is raining cats and dogs.

"How is this possible?" Henry Keswick asked in disbelief. "Our fund's performance has always been stable. Why are there so many withdrawal requests all of a sudden?"

"I don't know either, Mr. Henry." The fund business director shook his head bitterly. "I have asked my people to check, but there is no definite news yet."

"No matter what the reason is, we must respond as soon as possible." Simon Keswick said in a deep voice, "Martin, you must immediately organize an emergency team to handle these withdrawal applications. At the same time, we must strengthen communication with customers, stabilize their emotions, and prevent the situation from further deteriorating."

"But we simply can't spare any manpower," Martin said with a wry smile.

The director of the financial advisory department also looked helpless: "Due to insufficient staff, our financial planning services are unable to be provided to customers in a timely manner. Some customers have begun to consider switching to other companies."

"After the stock market opened, our share price fell sharply. In less than twenty minutes after opening, the market value had shrunk to less than 500 million Hong Kong dollars. If the trend continues, our share price will most likely collapse. I suggest that we quickly apply to the four major stock exchanges to suspend listing in order to stabilize the situation!" The director in charge of stock market management reported anxiously.

"We are losing business continuously. Some clients have replied that they have followed their original salesperson to join Galaxy Securities Company!" A responsible person once again rushed into the office to report.

"The funds in our account at Huifeng Bank have fallen below the 300 million Hong Kong dollars mark, which is far from enough to meet everyone's concentrated cashing needs. Once these funds are redeemed, we will lose all sources of funds, and Huifeng Bank has also stopped providing loans to us!" The person in charge of bank liaison came over and said solemnly.

One disaster after another occurred, leaving the senior executives present overwhelmed and at a loss as to what to do.

All signs indicate that Jardine Securities is collapsing.

At the same time, Hong Kong's four major stock exchanges were crowded with people.

As a new trading day begins, everyone is looking forward to the performance of the stock market with great enthusiasm.

However, some investors looked worried.

They all hold more or less shares of Jardine Matheson Securities.

The four major securities companies in Hong Kong are in a three-way competition. Many large listed companies usually choose to be listed on these four stock exchanges at the same time. The purpose is naturally to maximize the circulation of their own stocks.

Not long after the stock market opened, many people noticed that the share price of Jardine Securities began to fall continuously.

Last Monday, the total market value of Jardine Securities was still around HK$15 billion. But since it was rumored that Jardine Securities was about to be sold by Jardine Matheson, everyone was worried about the future of Jardine Securities. Later, it was confirmed, so many people chose to sell.

So, by last Friday, the share price of Jardine Matheson Securities was less than HK$800 million.

As for the job-hopping incident at Jardine Securities that started circulating on Friday afternoon, people knew more about it by the weekend.

In addition, although Jardine Matheson has promised not to sell off Jardine Securities, it has not taken any actual rescue measures.

Therefore, many people already know that the share price of Jardine Matheson Securities is basically hopeless.

Less than an hour after the market opened, the share price of Jardine Matheson Securities more than doubled, and was no longer worth even its market value of HK$400 million.

The reason for this is, naturally, that there are only sell orders but no buy orders in the market.

Basically, every transaction represents a new low.

The funniest thing is that the price has dropped several times, but the transaction volume is not much.

The panic among stock investors is spreading.

By ten o'clock in the morning, all investors breathed a sigh of relief.

Because the four major stock exchanges received an application from Jardine Securities, requesting a suspension of listing.

As the application for suspension of listing was submitted, the four major stock exchanges responded quickly and began to review the request.

Once the suspension of listing is approved, it can at least temporarily stop the crazy decline in stock prices and give everyone some breathing space to think calmly and assess the situation.

At this time, an even more explosive news suddenly spread: the core employees of Jardine Securities were less than a hundred people, and the rest had almost all jumped to the newly established Galaxy Securities under the Jardine Matheson Group.

When this news came out, all investors were shocked.

If Galaxy Securities was a listed company, its stock price would surely have risen sharply at this moment because of these rumors.

However, Galaxy Securities is now a wholly-owned subsidiary of a Chinese real estate company, so no one can take advantage of this opportunity to reap the benefits.

At 11 o'clock in the morning, the newly established Galaxy Securities Company broke another news.

They announced that they will take over all of Jardine Securities' securities brokerage, asset management, securities investment consulting, financial advisory and other businesses, and promised to provide customers with better quality and more efficient services.

As soon as the news came out, it was like a gust of wind, quickly causing waves in Hong Kong's financial world.

Not only are they poaching employees, now they are even moving out all the furniture and appliances in the house!
Doesn't that mean that today's Galaxy Securities is actually the former Jardine Securities?
This move undoubtedly brought greater pressure to Jardine Securities. The senior management of Jardine Securities, which was already overwhelmed by the massive loss of employees and the difficulty in maintaining business, now had to face strong competition from Galaxy Securities, which made the situation even worse.

In the office of Galaxy Securities in Kangle Building, there is a busy scene.

Two hours have passed since the company was listed and established, and everyone has now entered into busy work.

The new employees are busy familiarizing themselves with the business, connecting with clients, and even processing various old customer information transferred from Jardine Securities.

They naturally knew that if they wanted to gain a foothold in this new company, they must perform well.

And poaching customers from old companies is the simplest and most direct method.

Once handled properly, they will not only be able to gain a foothold in the new company, but their performance will also be good.

Lin Haoran was sitting in the general manager's office of Jardine Securities. Looking at the busy scene outside the window, he couldn't help but laugh.

If this continues, it seems that it will not be long before Galaxy Securities will be able to replace Jardine Securities and become the leader of Hong Kong's securities and financial industry.

The business of Huanyu Investment Company in the past was too monotonous. Even though he continued to use Huanyu Investment Company to acquire major companies, it could not change the fact that Huanyu Investment Company was just a small company that could not be any smaller. It could only help him secretly acquire companies, and other financial industries could not be touched at all.

But now, after absorbing the essence of Jardine Securities, this situation has completely changed.

In the future, as Hong Kong's position in the global financial industry becomes more and more solid, the value of Galaxy Securities will also increase! (End of this chapter)