Personal and corporate bankruptcies are expected to mount as the coronavirus epidemic saps the economies of Hong Kong and China. Photo: Xiaomei ChenPersonal and corporate bankruptcies are expected to mount as the coronavirus epidemic saps the economies of Hong Kong and China. Photo: Xiaomei Chen
Personal and corporate bankruptcies are expected to mount as the coronavirus epidemic saps the economies of Hong Kong and China. Photo: Xiaomei Chen

Worse than financial crisis, deadlier than Sars: coronavirus to push Hong Kong bankruptcies to decade high

  • The trade war, social unrest and coronavirus outbreak will make it harder for individuals and companies to stay afloat this year, says Johnson Kong of HKICPA
  • In 2019, personal bankruptcies in Hong Kong rose 9 per cent year on year to 8,151, while company winding-up petitions jumped 14 per cent to 419

Topic |   Coronavirus pandemic
Personal and corporate bankruptcies are expected to mount as the coronavirus epidemic saps the economies of Hong Kong and China. Photo: Xiaomei ChenPersonal and corporate bankruptcies are expected to mount as the coronavirus epidemic saps the economies of Hong Kong and China. Photo: Xiaomei Chen
Personal and corporate bankruptcies are expected to mount as the coronavirus epidemic saps the economies of Hong Kong and China. Photo: Xiaomei Chen
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