that Hong Kong is getting ready a SPAC listing framework by June to gather public feedback, and is targeting the first such deal by the end of this year.
Asked whether the framework is on track for release, the Hong Kong official said the city's regulator and exchange operator have been tasked to study how Hong Kong can implement SPAC listings. "I think for any new initiative, for market development idea to fly, we need to strike a balance, at the same time it has to be sustainable," said Hui.
"So we have to make sure that while on the one hand, we are taking advantage of this new trend to grow our market, yet at the same time have our investors duly protected."
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