City is a latecomer to special purpose acquisition companies, but this also means it has tougher measures in place to contain risk and shield market novices.
In its approach to SPAC listings, Hong Kong seeks to uphold its reputation for high quality investing while also remaining a competitive financial hub for Greater Chinese and other Asian companies.
(Bloomberg) Hong Kong is finally joining the SPAC bandwagon, and a slew of influential personalities have lined up to lend credibility to the city’s inaugural offerings from an Olympic medalist to political power brokers and a sofa tycoon.
HONG KONG: Aquila Acquisition Corp, the first special purpose acquisition company (SPAC) to list in Hong Kong, had a slow debut yesterday as few investors are qualified to trade the shares.