Tis the season to be cash rich

In a fit of generosity, I’d asked a couple of broker pals over for dinner. TaiTai was fussing over the chef, who was fussing over dinner. The organic salmon we’d flown in from Scotland hadn’t arrived and the Taittinger was corked.

  • By Virginia Furness
  • 28 Feb 2014
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With disaster impending, I decided I needed to be as far removed as possible. What could be better than a few sharpeners down at the club?

Settling down to my third whisky I noticed the place was unusually quiet. I panicked. Was there some sort of capital markets calamity I had missed? Then it dawned on me — bonus season. Ah, that is the one week when everyone in the business polishes their shoes and straightens their ties. Your boss suddenly becomes your best friend and you are the most earnest, hardest working man in the place.

As a young man I used to spend most of the year dreaming of that day — the parties, the cars, the girls (long before TaiTai, of course). And boy did I know how to have a good time. It helped that we got our bonuses in cash — none of this deferred nonsense that passes for an incentive these days. 

The Wolf of Wall Street? Bah, Leo has nothing on me, the Hound of Hong Kong.


  • By Virginia Furness
  • 28 Feb 2014

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 3.17 12 17.43%
2 Morgan Stanley 2.81 6 15.46%
3 CITIC Securities 1.85 5 10.20%
4 China Securities Co Ltd 1.51 2 8.30%
5 Citi 1.18 4 6.47%

Bookrunners of Asia Pacific (ex-Japan) G3 DCM

Rank Lead Manager Amount $bn No of issues Share %
  • Last updated
  • Today
1 Citi 3.59 16 8.36%
2 HSBC 3.24 28 7.54%
3 JPMorgan 2.54 13 5.92%
4 RBC Capital Markets 2.22 5 5.17%
5 Barclays 2.03 16 4.74%

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