SPAC-mania is inevitably spreading from Wall Street to the rest of the world given its funding capability and investor demand. Undoubtedly, Hong Kong should cautiously maintain its leading role in this area in Asia. Similar to all significant reforms, a robust public debate is needed to find the line between regulatory flexibility and fixing existing loopholes. Whilst there is no easy right answer, Chartwell’s Ronald Chan proposes some creative solutions for Hong Kong to share in the SPAC phenomena. In his article with iMoney of Hong Kong Economic Times, he believes that Hong Kong can become a global SPAC hub to DE-SPAC, facilitate M&A and share placement transactions. Instead of introducing its own version of SPAC, Hong Kong can work with other exchanges on SPAC-connect.