An old-fashioned night on the tiles: it still hurts

Bankers and journalists often complain about how much things have changed in Hong Kong, with long lunches and even longer nights making way for rigid meetings, PowerPoint presentations and low-fat lattes. Taipan was reminded of the old ways this week ─ and his head is still throbbing.

  • By Taipan
  • 24 Oct 2019
Email a colleague
Request a PDF

The evening begun as many such nights I’ve written about before have, with a trip to Solas on Wyndham Street to meet an old friend from the industry. Brooklyn Lager flowed. Deals, sports and house prices were discussed. Brexit was bemoaned. Donald Trump was lampooned. So far, so normal.

In the new age of banking, that would be about the end of it. Two pints is usually enough for the Millennials, who have neither the tolerance nor the inclination for long alcohol-fuelled nights (not when they have all those selfies to put on Instagram). Alas, my companion was made of sterner stuff.

The night became a blur. Images of fajitas, cover bands and vodka greeted me in the morning. A stage invasion. A robot dance. A stumble home. This was, of course, to be expected. But I confess that I was not quite prepared for it when scheduling a morning meeting with a senior banker.

I endured, as we are all forced to endure at such moments. But it did make me wonder whether the new breed have the right idea. Morning jogging, yoga, wheatgrass shots instead of whatever awful swill I was drinking the night before — this certainly felt a better way to live the morning after the night before.

But then, of course, lunch gave me strength, an afternoon espresso gave me energy and the offer of another pint with an old banking friend gave me pause for thought. Just a quick one, I said. Just a couple.

  • By Taipan
  • 24 Oct 2019

Panda Bonds Top Arrangers

Rank Arranger Share % by Volume
1 Ping An Bank 42.86
2 Bank of China (BOC) 28.57
3 Industrial and Commercial Bank of China (ICBC) 14.29
3 China Merchants Bank Co 14.29

Bookrunners of Asia-Pac (ex-Japan) ECM

Rank Lead Manager Amount $bn No of issues Share %
  • Last updated
  • Today
1 China International Capital Corp Ltd 4.49 23 12.23%
2 China Securities Co Ltd 3.57 8 9.73%
3 CITIC Securities 3.46 12 9.43%
4 Morgan Stanley 3.39 11 9.23%
5 Goldman Sachs 1.70 13 4.65%

Bookrunners of Asia Pacific (ex-Japan) G3 DCM

Rank Lead Manager Amount $bn No of issues Share %
  • Last updated
  • Today
1 Citi 7.40 42 7.56%
2 HSBC 6.26 54 6.39%
3 UBS 4.99 32 5.10%
4 JPMorgan 4.59 31 4.69%
5 Standard Chartered Bank 4.47 37 4.57%

Asian polls & awards

  • GlobalCapital China 2019 awards winners: Part III

    In the final part of GlobalCapital China’s awards announcement, we discuss the key innovation of 2019, and reveal the individual that has made the greatest contribution to reforming and internationalising the Chinese onshore market.

  • GlobalCapital China 2019 awards winners: Part II

    In the second part of GlobalCapital China’s awards announcement, we reveal the winning banks across Panda bonds, G3 bonds and ABS, as well as the best bank for securities services and the most impressive law firm.

  • GlobalCapital Asia capital markets awards 2019: Investment banks

    In the fourth and final instalment of GlobalCapital Asia’s capital markets awards announcements, find out which firms have been named the Best Asian Investment Bank and the Best Investment Bank in the region for 2019.

  • GlobalCapital China announces 2019 awards winners: Part I

    GlobalCapital China, previously GlobalRMB, is pleased to announce the winners of its annual capital markets awards, honouring the banks, companies and individuals that have made the biggest contribution to bridging the gap between China’s markets and the rest of the world. In part one of the awards, we reveal the most impressive issuers in the FIG, corporate and SSA categories.

  • GlobalCapital Asia capital markets awards 2019: Bonds

    In part three of GlobalCapital Asia's awards results announcements, we reveal the winning bond deals across a variety of categories. In addition, we also name the Best G3 Bond House, Best High Yield Bond House and the winner of the Best House for SRI Financing.