Investors cheer China's pledge to support bruised property sector
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Since the start of this year, discussions of Special Purpose Acquisition Companies (SPACs) have been everywhere in Asia as technology, healthcare and fintech startups sought out an alternative listing route. While lawyers have noted concerns around the quality of information disclosure and potential for conflicts and corporate governance, it has done nothing to stem the hype. So far in 2021, there has been close to $137 billion worth of SPACs issued globally, according to Refinitiv, with this number reportedly fallen following a regulatory crackdown.
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