The Ant Group and Alipay headquarters building in Shanghai, China. Photo: EPA-EFE The Ant Group and Alipay headquarters building in Shanghai, China. Photo: EPA-EFE
The Ant Group and Alipay headquarters building in Shanghai, China. Photo: EPA-EFE

Banks, brokers to offer record US$38.7 billion of margin financing for Hong Kong retail investors to buy into Ant’s giant IPO

  • HSBC plans to lend HK$100 billion, while brokerage Bright Smart will lend HK$50 billion, making them the top two lenders for investors to subscribe to Ant Group’s IPO this week
  • Banks and brokers are waiving fees, offering low interest rates and accept clients with high leverage as they compete for customers who want to invest in the hottest IPO in decades

Topic |   Ant Group
The Ant Group and Alipay headquarters building in Shanghai, China. Photo: EPA-EFE The Ant Group and Alipay headquarters building in Shanghai, China. Photo: EPA-EFE
The Ant Group and Alipay headquarters building in Shanghai, China. Photo: EPA-EFE
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