Don’t sleep on the job? That no longer applies

I recently went to Beijing to catch up with a young friend who works at a large Chinese state-owned bank.

  • By Taipan
  • 28 Nov 2019
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We shook hands in front of the gigantic glass revolving door of the bank. I thought he would bring me to a nice café nearby, but the young fellow clearly planned a surprise for me. 

“Now you’ve got the chance to see what a state-owned company is like from the inside,” he grinned widely, leading me through the glass doors. “There is a nice space on the sixth floor with tables and chairs. It’s a cosy place where we go hang out.”

He then walked me through a set of winding, narrow corridors. It was dark and dank, like a subterranean passage. After emerging from this system of caves, we walked into a large room filled with sunlight. It was evidently a secret hide-out of sorts for bank employees.

As I shifted my eyes to the far end of the room near the French windows, I saw two men, napping five metres apart from each other, both dressed in suits, on bamboo chairs pulled together into two makeshift beds.

“Now you’ve got a glimpse of what working in a Chinese state-owned bank is like,” he said with a hint of embarrassment in his voice.

He paused for a moment, looked at the two men, and added: “But a nap at 10am? That’s a bit early even for here.”

  • By Taipan
  • 28 Nov 2019

Panda Bonds Top Arrangers

Rank Arranger Share % by Volume
1 Bank of China (BOC) 18.86
2 Industrial and Commercial Bank of China (ICBC) 14.39
3 China Merchants Bank Co 14.21
4 China Merchants Securities Co 8.85
5 Agricultural Bank of China (ABC) 5.90

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 3.43 16 14.07%
2 China Securities Co Ltd 3.30 5 13.56%
3 Morgan Stanley 2.76 8 11.34%
4 CITIC Securities 1.95 6 8.01%
5 Citi 1.49 9 6.11%

Bookrunners of Asia Pacific (ex-Japan) G3 DCM

Rank Lead Manager Amount $bn No of issues Share %
  • Last updated
  • Today
1 Citi 5.04 24 8.43%
2 HSBC 4.17 35 6.98%
3 UBS 3.58 19 5.99%
4 BofA Securities 3.53 11 5.91%
5 Credit Suisse 3.37 24 5.64%

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