Hongkongers Seek $353 Billion in Loans to Bet on City's Red Hot IPOs
- Retail traders seek $237 billion in margin loans for Mixue IPO
- Hong Kong’s SFC is scrutinizing IPO oversubscriptions
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It’s enough money to buy Alibaba Group Holding Ltd., or pay every resident of Hong Kong nearly $50,000.
The figure — more than $353 billion — represents the amount of margin loans sought by the city’s retail investors to bet on red-hot initial public offerings this year.