South China Morning Post - Hong Kong needs further reforms to attract more biotech, health care firms to raise funds, says government advisory
15 Nov 2021
Further reforms are needed if Hong Kong is to attract more health care and biotechnology companies looking to raise funds, according to a study released on Monday.
The Financial Services Development Council (FSDC), a government-backed promotional body, recommended reforms that include allowing special purpose acquisitions companies (SPACs) to list their shares here.
The council also wants to see the government directly invest in these companies, and introduce measures to allow health care companies to more easily raise money from family offices and private equity funds....
(This article was first published at https://www.scmp.com/ on 15 Nov 2021. To read more, please refer to South China Morning Post - Hong Kong needs further reforms to attract more biotech, health care firms to raise funds, says government advisory)