0153 GMT - The Hong Kong dollar is poised to be supported in the short-term amid demand from Hong Kong-listed Chinese companies for dividend payouts, Barclays' FICC Research team says in a research report. Barclays estimates a total of HK$131 billion worth of dividends from December 2024 to February 2025, of which around 70% will take place during Jan. 6-Feb. 2 period. Also, increasing IPO activities could boost demand for the Hong Kong dollar, the team says, noting at least six companies plan to hold IPOs in Hong Kong by late January. USD/HKD is steady at 7.7753. (ronnie.harui@wsj.com)
(END) Dow Jones Newswires
January 07, 2025 20:53 ET (01:53 GMT)
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