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
Topic |   Alibaba

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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
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Chad Bray

Chad Bray

Chad is a senior business reporter focused on finance. He has previously written for The New York Times, The Wall Street Journal and Dow Jones Newswires.