News Snapshot:
Market intervention by the Hong Kong Monetary Authority has intensified in recent days, including a record sale of HK$31.8 billion worth of local currency on Tuesday. © AP NARAYANAN SOMASUNDARAM, Nikkei Asia chief banking and financial correspondent October 28, 2020 17:57 JST | Hong Kong Copy Copied HONG KONG -- Cash in Hong Kong's banking system is expected to reach record levels this week, driven by massive inflows from global investors eager for a slice of Ant Group's $34.5 billion initial public offering, the world's largest. The surge in liquidity has forced the Hong Kong Monetary Authority to intervene in...
