Hong Kong is considering whether to allow listings of blank-check companies, potentially opening the doors to a wave of Chinese-focused deals involving special-purpose acquisition companies.
Permitting SPACs would set up a competition with regional rival Singapore, which recently moved to allow such listings, and exchanges in New York, which have hosted a string of deals related to China and Southeast Asia. The two Asian financial hubs are acting even as U.S. regulators have hardened their stance toward SPACs.