Hong Kong is said to limit SPACs to professional investors

Hong Kong financial regulators are planning to restrict retail investors’ access to Special Purpose Acquisitions Companies (SPACs), as the city prepares to put a framework for the listing of the vehicles to public consultation. Under the proposals, only professional investors with assets of HK$8 million or above will be able to participate in the primary and secondary market for SPACs,…

Have a confidential tip? Get in touch [email protected]