Petr Kellner no doubt knows his timing is awful. The Czech Republic’s richest man, who controls multiple telecom firms at home and a bank in Russia, Kellner has been feeding China’s consumption habit by giving out small-value unsecured loans for over a decade. But it’s only now, when Beijing is fighting a trade and technology war on one hand, and trying to deflate a domestic credit bubble on the other, that his Home Credit BV has decided to go public. And of all possible IPO venues, Kellner has chosen Hong Kong.
