China Introducing Potential SPAC Alternative with New Exchange Targeting Innovation-Based SMEs: Report

As China steps up its regulatory efforts on overseas listings of homegrown technology companies, a new exchange planned could present itself as a potential alternative, reports subSPAC. The Beijing Stock Exchange is expected to provide access to capital for small and medium enterprises, which is part of the country’s effort to boost domestic capital markets while reducing debt levels.

Officials hope that the new alternative exchange could ultimately become the preferred destination for IPOs of promising, early-stage, tech firms and allow Chinese investors to benefit from the development of home-grown firms. Read more.

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