Hong Kong has seen its winding-up orders hitting the highest level in more than 15 years.
Data released by the Official Receiver’s Office on Friday showed that 66 winding-up orders were made by the court in February, up 83 percent from a year earlier and an increase of 14 percent on a monthly basis.
That’s the highest monthly figure since September 2009.
As for bankruptcy petitions, the figure stood at 787 in February, an increase of 21.5 percent year on year but a 3.9 percent drop from January.
For the first two months of the year taken together, the number of bankruptcy petitions reached 1,606, 15 percent higher from the same period a year earlier.
