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) 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 CITIC Securities 16.76 84 6.96%
2 China International Capital Corp Ltd 16.67 78 6.92%
3 Goldman Sachs 15.38 70 6.38%
4 UBS 14.59 105 6.06%
5 Morgan Stanley 14.27 76 5.92%

Bookrunners of Asia Pacific (ex-Japan) G3 DCM

Rank Lead Manager Amount $bn No of issues Share %
  • Last updated
  • Today
1 HSBC 34.78 304 8.23%
2 Citi 26.50 186 6.27%
3 Standard Chartered Bank 19.10 193 4.52%
4 JPMorgan 18.77 139 4.44%
5 Bank of America Merrill Lynch 16.13 116 3.82%

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