Further reforms are needed if Hong Kong is to attract more health care and bio companies looking to raise funds, according to the study. Photo: Shutterstock
Further reforms are needed if Hong Kong is to attract more health care and bio companies looking to raise funds, according to the study. Photo: Shutterstock

Hong Kong needs further reforms to attract more biotech, health care firms to raise funds, says government advisory

  • The Financial Services Development Council recommends reforms that include allowing special purpose acquisitions companies (SPACs) to list their shares here
  • Hong Kong has already become the largest biotech fundraising hub in Asia, and the second largest worldwide, thanks to market reforms in 2018

Further reforms are needed if Hong Kong is to attract more health care and bio companies looking to raise funds, according to the study. Photo: Shutterstock
Further reforms are needed if Hong Kong is to attract more health care and bio companies looking to raise funds, according to the study. Photo: Shutterstock
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