In this Oct. 9, 2019, file photo, flags are raised outside the Hong Kong Exchange Square building in Central, Hong Kong. Photo: AP
Hong Kong SPACs are backed by star promoters that include an Olympian, former central banker
- Promoters of SPACs play a key role in their success because these blank-cheque companies do not have any business operations or assets, says a banker
- Former HKMA boss Norman Chan and Olympic gold medallist Li Ning are among the star promoters putting their weight behind the new Hong Kong SPACs
In this Oct. 9, 2019, file photo, flags are raised outside the Hong Kong Exchange Square building in Central, Hong Kong. Photo: AP
