Hong Kong Plans to Limit Retail Investor Access to SPACs: Report

Hong Kong Stock Exchange

Hong Kong plans to curb access for retail investors to buy and trade blank-check companies as regulators in the city prepare to roll out a framework this month, The Business Times reports.

The city will propose to only allow what it deems as professional investors with assets of more than HK$8 million ($1.4 million) to participate in both the primary and secondary market of SPACs. Read more.

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