
Bankruptcies jump 41% in March from February
Are also up 2.2% year-on-year.
Business bankruptcies in Hong Kong in March accelerated to 794 in March from February as the weak global economy continued to take its toll on local businesses.
Bankruptcies from January to March jumped to 2,195, up 7.02% year-on-year.
The Hong Kong government issued 682 bankruptcy orders, 32.9% higher than February and 5.6% higher year-on-year. Bankruptcy orders rose 32.9% year-on-year to 682.