God of Rebirth Trader
Chapter 34 Moving forward in crisis
"You will gradually get used to it in the future. There are still many things we have to do." Chen Weidong looked at the harbor in the distance, his thoughts wandering to nowhere.
...
In 1997, the "infinite" companies were undergoing new changes every day, and among them, the computer company could be said to have changed the most.
Due to Chen Weidong's "laissez-faire", computer companies can no longer be described as rich and powerful.
Almost every day, new members join.
In just one year, "Infinity" has grown from nothing to the largest Internet company in Hong Kong.
The company's business has also expanded from instant messaging to games, music, novels, etc.
There are more than 700 employees on the job.
Looking at the entire Southeast Asia, it may not be impossible to be number one.
"Hong Kong University", "Hong Kong University of Science and Technology", "Hong Kong Polytechnic University"... and a series of other college graduates are proud to receive offers from "Infinite" companies.
This does not mean how high-end the technical level of Infinite Company is, but because the salary it offers is simply too high.
Even for interns who have just joined the company, their monthly salary reaches an astonishing HK$35,000.
The financial crisis caused by Thailand began to sweep across the entire Asia-Pacific region.
Xiangjiang has also been greatly affected, with many companies going bankrupt, layoffs, and salary cuts.
In this period when everyone is insecure and afraid of being fired when they wake up, it is very rare for "Infinite" companies to be able to maintain expansion.
The first few management members of the company now earn an astonishing annual salary and bonus of more than 30 million yuan. Even if they buy a house in Central, it is not a problem. They even earn more than the average second-tier star.
Some news media even jokingly called them "worker emperors."
Of course, if you want to enter management, in addition to the corresponding abilities, there are still some rigid indicators.
For example, locals in Xiangjiang like to use English mixed with Cantonese when communicating with colleagues.
Although the company does not explicitly state that it is not allowed, it has also stated privately that everyone must be able to speak Mandarin.
Otherwise, there is absolutely no chance of promotion.
In the words of the big boss, "Hong Kong has returned, and you can't even speak Mandarin, so you're not Chinese anymore."
In the future, when the company develops and I send you to the mainland, how will you communicate with people?
Song Yunjiang implemented this very well, and the management also promoted many technicians from mainland China.
The company adopts a flexible work system, weekends off, and various subsidies. The leaders like to give out bonuses from time to time. It seems that there is too much money and no place to spend it.
Even Li Xier has complained many times that the company next door offers such good treatment and she wants to work there.
This is the current situation of "infinite" companies.
Also because it is so user-friendly, from time to time relatives of individual local employees insist on coming to the company to "inspect" the company.
The company management is asked to arrange more work for employees. The reason is: working less than eight hours a day is too easy. This is not in line with the fine tradition of hard work of Xiangjiang people. Young people just have to endure more hardships... and so on.
Some employees in the company were speechless after hearing this.
Fortunately, the company's senior management came forward and explained to them in a nice voice, "We are a high-tech company, not a factory assembly line. It is all arranged by the above. There is nothing we can do, etc..."
In this way, we can appease those grandmas and old ladies who come to the company after having morning tea every day and have nothing to do.
Similarly, because the salary offered by "Infinity" was far higher than the industry average, Song Yunjiang, the company's vice president, was attacked on his way to get off work.
Fortunately, he only suffered some superficial injuries and was discovered by passers-by in time, so the danger was averted.
However, after this incident happened, the company's senior management took it very seriously.
He immediately spent huge sums of money to recruit several "retired soldiers" from a security company to be responsible for the personal safety of company executives.
We spent millions more to upgrade the computer equipment of the local police station, thus completely preventing similar incidents from happening.
July 1997.
The financial crisis broke out in Thailand because Southeast Asian countries have similar economic development models and similar economic fates.
After the collapse of the Thai baht, the Philippine peso, Indonesian rupiah, and Malaysian ringgit have also become the targets of international speculators.
Immediately afterwards, the crisis spread to regions and countries such as Daiwan, Xiangjiang and South Korea.
In order to raise the capital costs of international speculators, interest rates in many countries have risen sharply, causing extremely serious internal economic losses.
Businesses collapsed, bank bad debts soared, unemployment rose, and the Southeast Asian financial turmoil completely evolved into the Asian financial crisis.
October 1997.
Daiwan Bank gave up defending the New Taiwan dollar exchange rate, and the New Taiwan dollar devalued by 6.5% in one day.
The crisis spread to the Hong Kong stock and currency markets.
Rumors have begun to circulate in the market that Hong Kong may give up defending the linked exchange rate system in order to maintain competitiveness.
At the same time, some people in the business community also did some small work and made many public remarks suggesting the devaluation of the Hong Kong dollar.
As a result, those media who listened to the news took the opportunity to make a big news, which resulted in a large-scale selling frenzy of Hong Kong dollars.
From October 21st to 23rd, the Hong Kong dollar continued to suffer significant selling pressure in Hong Kong, London, New York and other markets.
The Hang Seng Index also fell from .01 points to .3 points at the close, plummeting 3,174 points in just four days.
On the 28th, the Hang Seng Index fell below the 9,000-point mark.
Countless stock investors lamented that October was simply the darkest month for the Hong Kong stock market in decades.
"Mr. Chen, fortunately you asked us to withdraw all the funds in advance, otherwise we would have suffered huge losses."
Feng Yiwen, the trading director of Infinity, was in the office and said with a happy face.
In one month, the stock market plummeted 30%, and countless financial institutions in Central were trapped. Only Infinity was not affected at all. It must be said that this is a miracle.
"This is just the first wave of tentative attacks by international hot money." Chen Weidong frowned.
During this period, the Infinity Fund was almost stuck, following international hot money in the Philippines, Malaysia, Singapore... and many other places.
It can be said that international speculators always hit the mark with every shot. No matter who they aim at, they will fall.
The baptism of these battles has also made the traders within the company more and more skilled in dealing with international hot money attacks.
From the beginning I couldn't keep up with the operation, but now I can do it with ease.
Attacking again and again, the snowball of "infinity" is getting bigger and bigger.
So much so that when Chen Weidong took a look at the twelve digits on his account, he felt completely calm.
Unknowingly, on the road of destiny, he has transformed from an immature boy of 18 to a big shot who controls the fate of hundreds or thousands of people.
Now he walks around the company and can silence employees for a long time with just one look.
This is not what he wants, because he knows it very well.
The so-called majesty of the superior is actually not due to status!
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