The cold case of a missing tenant

It really is difficult sometimes to understand how people’s minds work. But as I have plenty of free time in my retirement, I do love to speculate.

  • By Taipan
  • 24 May 2018
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A banker friend of mine made a real estate investment in Hong Kong a few years ago, snapping up a luxury apartment in Central with gorgeous views. The chap has since rented it to other expat bankers and their families who come to the city for short stints. So, imagine his surprise when his doorman told him that his flat was uninhabited, despite the lease for his latest tenants still being valid for another two months.

Sure enough, when my friend popped over to the building, he found that the family who had been renting it had skipped out on two months of rent. And while they clearly had enough foresight to pack up most of their belongings, they left all of their furniture — beds, baby cribs, wardrobes and even a fancy wine fridge.

Puzzled by the situation, but having little choice, my friend decided to sell the goods to recoup what costs he could. But then he realised that there was a gaping hole in the kitchen where the refrigerator used to be. The guy was befuddled. Who would leave all of their furniture but take a used refrigerator?

Putting on his sleuthing hat, he’s convinced this means that his tenants are still in Hong Kong — as shipping an appliance of that size back to the UK makes little sense — and he’s ready to track them down.

I, on the other hand, think something more nefarious may be at play. Perhaps I’ve read too many detective novels, but my mind is racing over why a family would leave in a rush but still take their fridge with them.

  • By Taipan
  • 24 May 2018

Panda Bonds Top Arrangers

Rank Arranger Share % by Volume
1 China Merchants Securities Co 19.41
2 CITIC Securities 14.83
3 Agricultural Bank of China (ABC) 13.48
3 Industrial and Commercial Bank of China (ICBC) 13.48
5 China CITIC Bank Corp 12.13

Bookrunners of Asia-Pac (ex-Japan) ECM

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Goldman Sachs 11,622.77 43 9.15%
2 Citi 10,158.71 51 8.00%
3 Morgan Stanley 8,654.00 30 6.82%
4 China International Capital Corp Ltd 7,282.31 19 5.74%
5 China Securities Co Ltd 7,107.56 22 5.60%

Bookrunners of Asia Pacific (ex-Japan) G3 DCM

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 HSBC 13,457.91 106 7.06%
2 Citi 12,841.55 81 6.74%
3 JPMorgan 9,603.62 47 5.04%
4 Bank of America Merrill Lynch 8,743.17 47 4.59%
5 Goldman Sachs 8,622.02 35 4.52%

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