Financial firms are busy working with wealthy clients to be among the first to list SPACs in the city in anticipation of Hong Kong Exchanges and Clearing (HKEX) giving its approval to blank-check companies, reports the South China Morning Post.
HKEX chief executive Nicholas Aguzin said a decision on SPACs will be made soon after the 45-day consultation period ends this Sunday, hinting that the first listing could happen shortly. Read more.
