U.S. SPAC Frenzy Inspires a Reboot in Asia

PACs have lost some luster in America, but stock exchanges in Singapore and Hong Kong are betting the vehicles will boost their allure to global investors and startups in the region, The Wall Street Journal reports.

The two Asian financial hubs have been pushing forward with competing plans to enable listings of SPACs. Singapore launched its SPAC rules in September, while Hong Kong is seeking public comment on its proposed regulations until the end of this month. Read more.

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