By Scott Murdoch and Donny Kwok
HONG KONG (Reuters) - 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.
Hong Kong had 851,157 margin lending accounts with total loan volume of HK$161.8 billion ($21 billion) in the first half of 2020, according to the city's Securities and Futures Commission (SFC), up sharply from 601,842 at the same time last year.
The expected surge in demand for ...
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