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.
Finance
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
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