Ode to joy: Hong Kong’s Sevens heaven

Hong Kong’s annual Rugby Sevens tournament has just ended, leaving bankers, executives and journalists nursing terrible hangovers and promising that next year will be different.

  • By Taipan
  • 12 Apr 2018
Email a colleague
Request a PDF

For those who have never attended the Sevens, it is fairly easy to describe. Imagine an overpriced bar with 40,000 people in it. Some are there for a Sunday lunch with the family. Others are there to hob-nob with clients or schmooze their bosses. And others still are there to get so drunk that they pass out on a blanket of half-eaten fried chicken while their friends (who are dressed as Mario and Luigi) use them as a prop in a series of humiliating selfies.

Such are the contradictions of the Sevens. It is undoubtedly the biggest party weekend in Hong Kong all year, attracting everyone from children bunking off school, to ageing Englishmen on a kind of geriatric lad’s holiday. It is everything you want it to be and never quite what you expect. It is an institution, an icon, a mad merger of athletic excellence and Bacchanalian indulgence.

The Sevens is that rarest of things: the chance to meet up with work colleagues, clients and contacts without any airs, without the sizing up of business cards or job titles, without one-upmanship or corporate waffle.

The weekend even has a kind of magic to it. On Sunday, the great and the good gathered in the stands, in the boxes and in the crowded corridors and formed into a collective consciousness, a giant hive mind. Through some primordial magnetism, 40,000 people became one, sharing a single thought in a single instant.

Unfortunately, that thought was: why were England so rubbish?

  • By Taipan
  • 12 Apr 2018

Panda Bonds Top Arrangers

Rank Arranger Share % by Volume
1 China Merchants Securities Co 14.44
2 Industrial and Commercial Bank of China (ICBC) 11.65
3 Bank of China (BOC) 10.33
4 CITIC Securities 8.41
5 Agricultural Bank of China (ABC) 7.17

Bookrunners of Asia-Pac (ex-Japan) ECM

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Goldman Sachs 1,075.14 2 13.84%
2 CITIC Securities 952.42 4 12.26%
3 Bank of China 754.84 3 9.72%
4 China International Capital Corp Ltd 721.75 3 9.29%
5 Guotai Junan Securities Co Ltd 668.93 3 8.61%

Bookrunners of Asia Pacific (ex-Japan) G3 DCM

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 HSBC 2,199.70 15 11.58%
2 Citi 1,502.15 13 7.91%
3 JPMorgan 1,192.62 8 6.28%
4 UBS 1,022.45 9 5.38%
5 Standard Chartered Bank 1,009.43 7 5.31%

Asian polls & awards

  • GlobalCapital Asia capital markets awards 2018: Investment banks

    In the fourth and final instalment of GlobalCapital Asia’s capital markets awards announcements, find out the Best Asian Investment Bank and the Best Investment Bank in the region for 2018.

  • GlobalCapital Asia capital markets awards 2018: Bonds

    In part three of our results announcements, we reveal the winning bond deals across a variety of categories. In addition, we also name the Best G3 Bond House, Best Local Currency Bond House, Best High Yield Bond House and the debut winner of the Best House for SRI Financing.

  • GlobalCapital Asia capital markets awards 2018: Equities

    In part two of our results announcements, we reveal the winning equity deals and banks, including the Best Follow-on/Accelerated Bookbuild, Best Equity-Linked Deal, Best IPO, Best ECM Deal and Best ECM House.

  • GlobalCapital Asia capital markets awards 2018: Loans

    GlobalCapital Asia has spent the last two months talking to banks and their clients in a bid to determine the most impressive capital markets transactions and advisers across Asia ex-Japan in 2018. We are pleased to begin our awards announcements in the loan market.

  • GlobalRMB awards: Most impressive issuers, best law firm

    In this third part of the GlobalRMB awards, we present our reasons for choosing the best issuers in the FIG, corporate and SSA categories — and praise the strong performance of one well-known foreign law firm.