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Banks

Hong Kong to launch consultation on SPAC listings in third quarter

FILE PHOTO: The logo of Hong Kong Exchanges & Clearing Ltd. (HKEX) is seen at the financial Central district in Hong Kong, China September 14, 2020. REUTERS/Tyrone Siu/File Photo

HONG KONG (Reuters) - Hong Kong Exchanges and Clearing Ltd will launch a consultation on rule changes in the third quarter of this year to allow special purpose acquisition companies (SPACs) to list in the city, a summary of a meeting of the city’s top finance officials published on Friday showed.

Rival Singapore Exchange launched a consultation on allowing SPACs earlier this year.

Reporting by Alun John; editing by Jason Neely

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