HK launches inflation-linker
The Hong Kong government will start taking orders for a HK$10bn ($1.28bn) inflation-linked bond next week, giving small investors some protection from rising prices that monetary authorities have little power to control.
Bank of China (Hong Kong) and HSBC are managing the deal, and will distribute it to retail investors alongside 18 other placing banks, including the local subsidiaries of several big Chinese lenders.
Retail investors in Hong Kong are being offered the higher of 1%, or the average consumer
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