News Snapshot:
The five mutual funds that were supposed to buy into Ant Group’s IPO have earned decent returns by scooping up Hong Kong stocks instead They contribute to the record inflows of mainland funds into Hong Kong, fuelling the stock market’s best start to a year since 1985 The rush of capital into Hong Kong explains why the city’s stock market is riding a 20-month high, even as the local economy remains mired in its worst recession amid worsening unemployment and a resurgence in Covid-19 cases. Five Chinese mutual funds , armed to the teeth after their plans to invest in...
