Hong Kong proposes allowing SPAC listings By Reuters

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© Reuters. FILE PHOTO: A Stock Exchange of Hong Kong (HKEX) sign is seen at the 2020 China International Fair for Trade in Services (CIFTIS) in Beijing, China 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.

The proposals, published in a Friday consultation paper, suggest restricting trading and subscribing to a SPAC’s securities to professional investors.

The deadline for responding to the consultation is October 31.

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