Hong Kong Bankruptcy Filings Surge to 17-Year HighÂ
- Petitions for bankruptcy in the city jumped to 2,079 in May
- Recent easing of pandemic restrictions has helped some sectors
Pedestrians wearing protective masks walk past shuttered retail spaces in Hong Kong, on March 16.
Photographer: Paul Yeung/BloombergThis article is for subscribers only.
Hong Kong bankruptcy filings surged to a 17-year high after the coronavirus pandemic pushed an economy already reeling from months of protests deeper into recession.
Petitions for bankruptcy jumped to 2,079 last month, the most since May 2003, according to statistics posted on the Official Receiver’s Office website.