Chinese bad-debt manager Cinda's Hong Kong IPO has successfully taken center stage in Hong Kong's investment circles.

After a hot roadshow on Monday, stories flooded local business sections on Tuesday with details of the China Cinda Asset Management Co's $2.5 billion IPO, which is expected to be the largest this year in Hong Kong, which just lost Alibaba Group Holding Co Ltd, China's biggest e-commerce company.

One story involves George Soros, the brain behind Soros Fund Management, "the man who broke the Bank of England" and the man who nearly broke Hong Kong during the Asian financial crisis of 1997.