Alibaba’s secondary listing comes after months of protests and civil unrest that have weighed on Hong Kong’s economy and caused some companies to delay their listings this year. Photo: EPA-EFE
Banks, investors hoard cash in anticipation of Alibaba’s ‘giant’ listing, push up interbank lending rate
- One-week Hibor rose 63 basis points on Monday to 1.92 per cent, topped 2.57 per cent on Wednesday
- The measurement of bank funding costs has not topped 2 per cent since Budweiser Brewing’s IPO in September
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Alibaba
Alibaba’s secondary listing comes after months of protests and civil unrest that have weighed on Hong Kong’s economy and caused some companies to delay their listings this year. Photo: EPA-EFE