HKEX closed 0.79 percent lower at HK$562.5. HKEX is to announce its full-year and last-quarter results tomorrow and Goldman Sachs estimates it will earn 49 percent more year-on-year but 11 percent less quarter-on-quarter. In other news, HKEX is said to be studying the special-purpose acquisition company mechanism. A SPAC a "blank check" shell corporation designed to take a company public without going through the traditional IPO process. An HKEX spokesman said the exchange has studied or reformed different listing mechanism plans to boost Hong Kong's competitiveness and attractiveness.

Source: The Standard February 22, 2021 19:14 UTC