A lesson in how to profit from drinking

Over the years I’ve had many a drink at the Captain’s Bar. As Tai Tai so readily points out, I’m solely responsible for keeping the place open.

  • By Taipan
  • 06 Jun 2019
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In fact, were my liquidity injections for liquid refreshment at the Captain’s Bar deemed equity purchases rather than simple payment for goods provided, I'd probably own the place outright by now.

Perhaps I should have taken a page out of my friend’s book. Like many other bankers in Hong Kong, this chap has funnelled a bit of his extra cash into bars in the city, with his latest venture being a new hot spot in the middle of Central. 

More important than the money he’s making off this little side project, my friend gets a discount on all the booze he’s consuming. Were it me, I would have already surpassed my investment in discounted drinks. Not to mention that any investment would require some excess cash — any spare dollars I tend to get my hands on quickly pass over to those of the staff at the Captain’s Bar. 

But my friend is a savvier chap than I am. He’s taken to scheduling all his client events, journalist meetings and team drinks at his bar, racking up giant tabs and providing a bit of free advertising along the way.

Perhaps that’s another reason he insisted on bringing me there — to ensure that his new booze shop won a mention in these hallowed pages. 

Of course, we can’t provide the name but if you happen to be in a Central bar that is full of either investors, journalists or bankers on a given night, you’re probably in the right place.

  • By Taipan
  • 06 Jun 2019

Panda Bonds Top Arrangers

Rank Arranger Share % by Volume
1 Bank of China (BOC) 23.98
2 China Merchants Securities Co 16.10
3 Industrial and Commercial Bank of China (ICBC) 13.41
4 Agricultural Bank of China (ABC) 9.76
5 China Securities 8.13

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Rank Lead Manager Amount $m No of issues Share %
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1 CITIC Securities 8,322.47 36 8.67%
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5 UBS 5,300.06 38 5.52%

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1 HSBC 16,535.56 146 8.19%
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3 JPMorgan 11,150.73 75 5.52%
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5 Bank of America Merrill Lynch 7,143.11 58 3.54%

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