Hong Kong financial secretary Paul Chan claimed that serious considerations were being made about the possibility of joining the booming craze of listing special purpose acquisition companies in the city.
The Hong Kong government has asked the local bourse and regulator to look into adding SPAC listings to the market, according to a «Bloomberg» report citing financial secretary Paul Chan.
«We are looking at it seriously,» Chan noted without providing any additional details.
SPAC Boom Reaches Asia
While the SPAC boom has already taken over elsewhere – in the U.S., it accounts for 77 percent of announced offerings year-to-date – Asia is only beginning to take off.
Rival hub Singapore could list SPACs as early as this year, according to Loh Boon Chye, chief executive of SGX which is undergoing an overall expansion of its offerings.
And within the city, renowned billionaires Li-ka shing, Richard Li and Adrian Cheng are all reportedly seeking to list their own SPACs in the U.S.
