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Beijing Stock Exchange Could Be Alternative to SPAC Listings by Innovative Chinese Tech Companies, Trade Group Says

South China Morning Post

14 Sep 2021

Morrison & Foerster partner and global chair of the Private Equity Group, Marcia Ellis, is quoted in an article, “Beijing Stock Exchange could be alternative to SPAC listings by innovative Chinese tech companies, trade group says,” published by South China Morning Post on September 14, 2021.

President Xi Jinping recently announced a new stock exchange to be based in China’s capital. Chinese officials hope the new bourse could ultimately become the preferred venue for initial public offerings of promising and early-stage tech firms, because the appetite for special purpose acquisition companies (SPACs) to acquire Chinese companies remains low. Marcia remains positive on the development of SPACs. “After things are clarified on a couple of fronts, on the U.S. and the China sides, I think Chinese targets will again be attractive,” Marcia said.

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