HK brokers ready war chest for mom-and-pop bidding frenzy in Ant's IPO

REUTERS/Bobby Yip

Hong Kong’s brokerages are readying billions of margin-lending dollars to tap an expected surge in retail demand for China’s fintec giant Ant Group’s likely $35 billion dual-listing in Hong Kong and Shanghai in the next few weeks, industry officials said.

Margin lending, or the amount brokers can lend to individual investors to purchase shares, has been a big business in Hong Kong in recent years with a large number of equity floats luring retail buyers.

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