One-upmanship is the norm in investment banking and UBS Warburg and Goldman Sachs have proved it’s alive and well after the listing of Bank of China Hong Kong. But rather than the usual “our execution was better than yours” routine, this time the boasting is over who gave the snazziest gift to a client.
It started at the post-listing party in Hong Kong. Liu MingKang, chairman of the Bank of China, opened the floor for speeches.
Access intelligence that drives action
To unlock this research, enter your email to log in or enquire about access
