When you're not the only old fart in the room

I may be a mature, wise gentleman the majority of the time, but I admit that even I have my moments of childish fun.

  • By Taipan
  • 21 Nov 2019
Email a colleague
Request a PDF

Just last week, I met a fund manager in Hong Kong to get a sense of his 2020 outlook and how his portfolio looked this year. His secretary sat alongside him, across the table from me, taking notes

About 15 minutes into the conversation, the fund manager's comments were interrupted by a sound from his secretary. Based on the look on the chap's face, and the pregnant pause in our conversation, I could tell that he, like me, believed that the young lady had just broken wind. 

Both of us looked at her for a split second, but she didn't pay us any attention and barely glanced up from her notes.

We went back to our conversation, perplexed, when the same rumbling noise came from the woman some five minutes later. 

This time it was unmistakable. The fund manager and I bit our lips, but continued talking. But the noise happened again. And again. And again. By this point, I was having trouble concentrating on the conversation and was more concerned about what this young woman had eaten for lunch.

Fortunately, by the fifth time, I realised that there was not, in fact, a bean-triggered orchestra being played across the table. Instead, the woman had been suppressing her sneezes! Whatever she was doing to hold in the sneezes had somehow transformed her nasal passage into a whoopee cushion.

Realising that she had no idea that her boss and I thought that she was tooting up a storm right next to us only triggered more giggles. It took more self-control than I have ever had, to stifle my laughs.

  • By Taipan
  • 21 Nov 2019

Panda Bonds Top Arrangers

Rank Arranger Share % by Volume
1 Bank of China (BOC) 24.90
2 Industrial and Commercial Bank of China (ICBC) 13.32
3 China Merchants Bank Co 13.15
4 China Merchants Securities Co 8.19
5 Agricultural Bank of China (ABC) 5.46

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 16.38 75 7.14%
2 CITIC Securities 16.18 78 7.05%
3 Goldman Sachs 15.27 68 6.66%
4 UBS 14.08 98 6.14%
5 Morgan Stanley 13.36 68 5.82%

Bookrunners of Asia Pacific (ex-Japan) G3 DCM

Rank Lead Manager Amount $bn No of issues Share %
  • Last updated
  • Today
1 HSBC 34.72 303 8.35%
2 Citi 26.30 185 6.33%
3 Standard Chartered Bank 18.84 189 4.53%
4 JPMorgan 18.77 139 4.51%
5 Bank of America Merrill Lynch 16.13 116 3.88%

Asian polls & awards

  • Finance Minister of the Year, CEE

    Djamshid Kuchkarov, Uzbekistan

  • GlobalCapital China Capital Market Awards 2019: open for submissions

    GlobalCapital China is pleased to invite you to participate in the GlobalCapital China Capital Market Awards 2019. Inaugurated last year under the GlobalRMB banner, the awards celebrate the accomplishments of the leading players in the renminbi debt capital markets, onshore and offshore, as well as key service providers.

  • Last chance! GlobalCapital Asia Capital Market Awards 2019

    GlobalCapital Asia is pleased to invite pitches for our annual capital markets and investment banking awards, which reward the most impressive transactions and investment banks of 2019.

  • GlobalCapital reveals SRI Award nominations

    GlobalCapital has published the nominations for its Sustainable and Responsible Capital Markets Awards. The winners will be announced on September 17, at our Awards Ceremony in Amsterdam.

  • GlobalCapital SRI Awards: poll extended

    In response to requests from market participants, GlobalCapital has extended the closing date of its poll to determine the 2019 winners of its Sustainable and Responsible Capital Markets Awards. Market participants can now vote until July 26.