Allowing SPACs to raise funds in Hong Kong would be a boon for the local exchange. Photo: AFP Allowing SPACs to raise funds in Hong Kong would be a boon for the local exchange. Photo: AFP
Allowing SPACs to raise funds in Hong Kong would be a boon for the local exchange. Photo: AFP
HKEX

Hong Kong may allow listings by SPACs, as local tycoons look overseas to tap deal making frenzy

  • Special purpose acquisition companies, or ‘blank-cheque companies’, have raised US$60.2 billion year to date
  • Hong Kong has rules to allow cash companies to list but investor protection is a concern

Topic |   HKEX
Allowing SPACs to raise funds in Hong Kong would be a boon for the local exchange. Photo: AFP Allowing SPACs to raise funds in Hong Kong would be a boon for the local exchange. Photo: AFP
Allowing SPACs to raise funds in Hong Kong would be a boon for the local exchange. Photo: AFP
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