CITIC Securities originally intended to make a higher global financial giants on Wall Street, but its business in Hong Kong is troublesome, which led to the dream of this well -known Chinese securities firm or a dream of becoming a yellow beam.
CITIC Securities acquired CITIC Lyon Securities 10 years ago, and the latter was the leader of entering international.Bloomberg quoted people familiar with the matter and said that the conflict between their Beijing and Hong Kong employees has increased, and wages and budgets have been cut and management issues. Since 2021, CITIC Ryan has resigned more than 750 employees.This number accounts for about one -third of the total number of employees.
People familiar with the matter said that in the past, some of the largest international customers, the largest international customers, the transaction commissions of Berlaide and Capital Group have dropped significantly, and more than half of the revenue of the stock business now came from sales derivatives, and the objects are Mainland China customers.Mainly.In Beijing, there is no incomparable on, and CITIC Lyon Securities can only suspend international recruitment. The crown disease and Chinese rectification of private companies have also frustrated their ambitions.
The report quoted Chen Zhiwu, a professor at the University of Hong Kong, said that in view of the geopolitical environment, the influence of the zero policies of the epidemic prevention and the political changes of the mainland itself, CITIC Securities may have no choice.EssenceHe said that whether he likes or not, CITIC Lyon Securities' business will inevitably shrink.
CITIC Lyon Securities used to be the largest customer trading stock brokerage company in Asia, known for its first -class and visible research.However, after incorporating CITIC Securities, the speech during the meeting was mainly to speak for the call, and the decision -making was issued by Beijing.According to reports, cultural conflicts were heating up in 2019. At that time, CITIC Securities' executives resigned after being criticized for high salary and low returns.
Of course, the company is also impacted by external turmoil: Hong Kong's economy has been hit by political disturbance and strict quarantine regulations; Beijing has rectified private enterprises in Beijing for several years.Go away in groups to avoid epidemic prevention policies and political transformation in Hong Kong.
Although CITIC Lyon Securities can still supplement new blood, the number of Hong Kong employees can be maintained at about 2,000, but after experiencing these ups and downs, CITIC Securities wants to become a global giant like Goldman Sachs.Blind.
One of the people familiar with the matter said that a five -year plan for adding about 110 employees in Japan, Singapore and Europe has not been approved by Beijing.Stop temporarily.
People familiar with the matter said that the leadership of Beijing said on the one hand that CITIC Lyon Securities should continue to recruit and expand the scale, but also frozen recruitment in Hong Kong in May.
Lyon Securities was founded by two foreign journalists in 1986 and was named after integrating professional knowledge in the West and China.
