HONG KONG—Blank check companies known as SPACs can list in Hong Kong starting Jan. 1, the stock exchange operator said on Friday, making it the latest global bourse to tap demand for the investment vehicles although interest in them has waned from earlier this year.
Market participants said Hong Kong hoped to attract investors from mainland China to list SPACs, or special purpose acquisition companies that raise cash to buy private firms and take them public without a traditional initial public offering (IPO).
