News Snapshot:
The Lunar New Year holiday in February interrupted stock market listings activity, which caused deposits in Hong Kong’s banking system to fall sharply during the month, official data showed on Wednesday. Hong Kong dollar deposits in the local banking system plummeted 11.8 per cent in February, or HK$1.02 trillion (US$131.48 billion), to HK$7.65 trillion. There were fewer initial public offerings as the holiday marking the start of the Year of the Ox gave investors a break from chasing an IPO bonanza. There were only seven new listings in February raising US$2.07 billion, compared with 15 new listings in January raising...
