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Hong Kong SPACs Open Only to Professional Investors: Proposed Rules
The rules for listings of Special Purposes Acquisition Companies (SPACs) in Hong Kong would be more stringent than in the US and open only to professional investors under draft rules released by the Hong Kong Stock Exchange.
China Unveils Listing Rules for Proposed new SME Beijing Stock Exchange
The China Securities Regulatory Commission has unveiled rules for the creation of the new Beijing Stock Exchange aimed at supporting innovative small- and medium-sized enterprises (SMEs). Announced last month, the new exchange will complement Shanghai’s existing Sci-Tech Innovation Board (STAR) market and Shenzhen’s start-up board ChiNext.