Ant Group plans to list in Hong Kong and Shanghai. Photo: Bloomberg Ant Group plans to list in Hong Kong and Shanghai. Photo: Bloomberg
Ant Group plans to list in Hong Kong and Shanghai. Photo: Bloomberg

Hong Kong brokers tout lower costs for retail investors seeking to buy into Ant Group’s IPO after US$12.9 billion of inflows drags interest rate down

  • Hong Kong Monetary Authority spent almost HK$100 billion (US$12.9 billion) intervening in the currency market 25 times since September 14
  • The one-week interbank offered rate has fallen to 0.1 per cent from 2 per cent in March.

Topic |   HKEX
Ant Group plans to list in Hong Kong and Shanghai. Photo: Bloomberg Ant Group plans to list in Hong Kong and Shanghai. Photo: Bloomberg
Ant Group plans to list in Hong Kong and Shanghai. Photo: Bloomberg
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