Stock Groups

Hong Kong proposes allowing SPAC listings By Reuters

by Mike Robinson

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© Reuters. FILE PHOTO – A Stock Exchange of Hong Kong sign (HKEX), is seen during the 2020 China International Fair for Trade in Services. (CIFTIS) in Beijing on September 4, 2020. REUTERS/Tingshu Wang/File Photo

HONG KONG (Reuters) – The Stock Exchange of Hong Kong, on Friday, proposed changing its rules to allow Special Purpose Acquisition Companies (SPACs) to list on the bourse.

In a Friday consultation paper were proposed changes to restrict trading and to limit professional investors’ access to the securities of a SPAC.

Deadline for responses to the consultation: October 31.

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