Ant Group listing would be fillip for Hong Kong's flagging IPO market

📆 09/07/2020 07:45 a. m.
📰 Reuters

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An initial public offering from Alibaba's Ant Group by year-end would give equity capital markets in Hong Kong a timely boost after a new security law cast in doubt the city's future as a global financial centre, analysts said on Thursday.

) Ant Group by year-end would give equity capital markets in Hong Kong a timely boost after a new security law cast in doubt the city’s future as a global financial centre, analysts said on Thursday.

The fall in value ranked Hong Kong as the fourth most active exchange after the Nasdaq, mainland China’s new Star Market and the Shanghai stock market. “Seventy percent of the Hong Kong market is finance and property. That isn’t to say they are not good companies, but it isn’t that representative of where the economy is going in the future.”

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Money laundering IPO for supplying foreign exchange to Chinazi for trade deal settlements & bribes.

Great way to celebrate the end of democracy and freedom in Hong Kong.

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