HONG KONG: Hong Kong and Singapore are trying to get in on the boom in blank-cheque company listings, while safeguarding investors from what some say is a bubble about to burst.
Authorities in the Asian financial hubs are mulling tighter frameworks than in the United States for listings of special purpose acquisition companies (SPAC).
The US-led dealmaking boom has raised about US$100bil (RM413bil) so far this year even though it’s now showing signs of fizzling amid increased scrutiny by regulators.
“They are a bit too late to the party so it’s good that they are cautious, ” said Justin Tang, head of Asian research at United First Partners in Singapore.
SPAC bubble trouble? Hong Kong, Singapore proceed cautiously aljazeera.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from aljazeera.com Daily Mail and Mail on Sunday newspapers.
Chinaâs multilateral pacts seen as more political than economic
Investors believe the nation s multilateral cooperation objectives with Europe and Asia are mostly based on efforts to expand Beijing s political reach versus that of the US.
China’s multilateral agreements with the European Union (EU) and Asia as well as its international cooperation white paper published this month are seen by some experts as political manoeuvres that highlight China’s ambition to advance its influence in light of its tension with the US.
However, it will likely take time for investors to see any concrete effect of the agreements, given the uncertainty of the broader economic environment and tense US-China relations.
2021 Investment Outlook: Asia and Emerging Markets Poised to Lead Global Economic Recovery
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(image: Korea Bizwire)
HONG KONG and SINGAPORE, Dec. 28 (Korea Bizwire) 2020 has been an eventful year which saw some of the toughest social, economic and political challenges in recent times. While stabilization of markets seems to be within reach with the introduction of new COVID-19 vaccines and new leadership in the US, investors should expect the process to be gradual and long as the structural changes caused by the pandemic will take time to reverse if not already permanently shifted, Manulife Investment Management says in its regional outlook for the year ahead.