Hong Kong is readying some changes by introducing Chapter 11-style provision in its corporate rescue laws at the next legislative session to enhance its status as Asia’s financial centre. Photo: May Tse

Hong Kong resurrects Chapter 11-style corporate rescue bill after a 24-year hiatus as Singapore powers ahead with reforms

  • The government plans to finalise its proposal and potentially table a bill during the legislative session beginning in October, official says
  • The plan, first mooted in 1996 during its British colonial days, was opposed in past attempts by some lawmakers and unionists
Topic |   Financial regulation
Hong Kong is readying some changes by introducing Chapter 11-style provision in its corporate rescue laws at the next legislative session to enhance its status as Asia’s financial centre. Photo: May Tse
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