Night view of Victoria Harbour, taken from The Peak. Hong Kong is considering changing its rules to allow special purpose acquisition companies, or SPACs, to list in the city. Photo: May Tse Night view of Victoria Harbour, taken from The Peak. Hong Kong is considering changing its rules to allow special purpose acquisition companies, or SPACs, to list in the city. Photo: May Tse
Night view of Victoria Harbour, taken from The Peak. Hong Kong is considering changing its rules to allow special purpose acquisition companies, or SPACs, to list in the city. Photo: May Tse

Explainer |
What are SPACs, where are the pitfalls and why is Hong Kong mulling joining in the latest investment craze?

  • Special purpose acquisition companies, or SPACs, are one of the hottest capital-raising trends this year, with fans including Hong Kong-based tycoons Richard Li and Adrian Cheng
  • Hong Kong is among several Asian bourses considering allowing so-called blank-cheque companies to raise capital in the city

Topic |   Banking & Finance
Night view of Victoria Harbour, taken from The Peak. Hong Kong is considering changing its rules to allow special purpose acquisition companies, or SPACs, to list in the city. Photo: May Tse Night view of Victoria Harbour, taken from The Peak. Hong Kong is considering changing its rules to allow special purpose acquisition companies, or SPACs, to list in the city. Photo: May Tse
Night view of Victoria Harbour, taken from The Peak. Hong Kong is considering changing its rules to allow special purpose acquisition companies, or SPACs, to list in the city. Photo: May Tse
READ FULL ARTICLE