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Hong Kong dollar deposits plummet 12 per cent in February new year holiday takes heat out of IPO frenzy
Aggregated Source: ChinaLegalBlog.com

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.…

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