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Investors pour money into Hong Kong ahead of Ant Group IPO

Bank liquidity hits three-year high as de facto central bank weakens currency

Ant Group is poised for a potentially record-breaking IPO in Hong Kong (above) and Shanghai as early as October.   © Reuters

HONG KONG -- Global investors are pouring money into Hong Kong ahead of Ant Group's hotly anticipated share sale, propping up the currency and inflating local dollar borrowing costs.

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