Analyses | Regional and economic development | 2020-04-29 | HKEJ

Should Hong Kong introduce bankruptcy protection bill to save enterprises?



The coronavirus epidemic has been spreading across the globe, putting the worldwide economy under great pressure. Some local enterprises are also suffering from significant business downturn and serious cash-flow problems, which may lead to liquidation. Some accounting professionals believe that the introduction of bankruptcy protection can provide a grace period for financially troubled enterprises in Hong Kong, helping them restructure their business and thus rally. How does bankruptcy protection work?

The full version of the commentary is in Chinese only.