Bankruptcy requests hit three-year high
The number of Hongkongers applying for bankruptcy hit a three-year high in 2023, the government said on Friday. The Official Receiver's Office said 7,860 people submitted an application last year, up 13.6 percent from the year before. The office also received 566 requests to have companies wound up – the highest number in 14 years. A total of 7,348 receiving or bankruptcy orders were issued in 2023.