SPACs likely to give Hong Kong deal bankers a shot in the arm after M&As slump 37 per cent in first quarter

• A total of 232 deals worth US$24.4 billion were announced in the first quarter, 37 per cent lower from a year earlier, according data compiled by Refinitiv
• Development of SPACs will definitely help M&As as it will give rise to new acquisition capital, says BDO managing director Clement Chan