The material on this site is for financial institutions, professional investors and their professional advisers. It is for information only. Please read our Terms & Conditions, Privacy Policy and Cookies before using this site. Please see our Subscription Terms and Conditions.


All material subject to strictly enforced copyright laws. © 2021 Euromoney, a part of the Euromoney Institutional Investor PLC.

Bulls and bears and rock 'n' roll

Moments before ageing rocker Elton John appeared on stage for a noisy rendition of 'Benny and the Jets', Gary Coull, chairman of CLSA, the hosts of the evening's bash and Asia's only remaining independent equity broker, addressed the audience. There were 2,000 of them — fund managers, company executives and other hangers-on lucky or devious enough to sneak an invitation to what is arguably Hong Kong's biggest annual shindig.

"When people heard we had Elton John, they asked, 'How can you afford him?'" said Coull. "Well, the answer is, we can't! So you'll each be charged two thousand dollars as you exit!"

Underlying seriousness

Coull admits later he was only half joking. The Sir Elton do was simply the peak of a week's entertainment surrounding a far more serious event. For a week every year, CLSA takes over the entire Grand Hyatt hotel in Hong Kong for its investor forum. This year's was the firm's eleventh and largest so far.

"A lot of the clients said that this was the best organized," says Coull. "We had 200 companies and 500 businessmen from 1,200 institutions and 30 countries."

By the end of a long week, CLSA had run 2,020 hours of presentations, meetings and workshops and entertained 4,500 people at evening parties.

You have reached premium content. Please log in to continue reading.

Read beyond the headlines with Euromoney

For over 50 years, our readers have looked to Euromoney to stay informed about the issues that matter in the international banking and financial markets. Find out more about our different levels of access below.

SUBSCRIBE ONLINE TODAY

Unlimited access to Euromoney.com and Asiamoney.com

Expert comment, long reads and in-depth analysis interviews with senior finance professionals

Access the results of our market-leading annual surveys across core financial services

Access the results of our annual awards, including the world-renowned Awards for Excellence

Your print copy of Euromoney magazine delivered monthly

£73.75 per month

Billed Annually

FREE 7 DAY TRIAL

Unlimited access to Euromoney.com and Asiamoney.com, including our top stories, long reads, expert analysis, and the results of our annual surveys and awards

Sign up to any of our newsletters, curated by our editors

LOGIN NOW

Already a user?

We use cookies to provide a personalized site experience.
By continuing to use & browse the site you agree to our Privacy Policy.
I agree