Investment banks and corporate advisors are pushing back against Hong Kong’s proposed rules for blank check listings, Reuters reports, arguing they are too onerous and will not make the city competitive, three sources with knowledge of the matter told the news organization. Interested parties have until Oct. 31 to lodge submissions with the Hong Kong stock exchange over its proposed framework for SPACs. Read more.
Investment Banks Argue Hong Kong’s Proposed SPAC Rules are Too Rigid
