Financial News
Written by: Zhang Weilun
2020-06-19 12:41
Last update date: 2020-06-19 12:41Under the impact of the new crown epidemic that lasted nearly half a year, Hong Kong was clearly hit. The unemployment rate rose sharply to 5.9% from March to May, the highest since 2005, and the economy contracted by 8.9% in the first quarter. According to data from the Official Receiver's Office, the number of bankruptcy petitions filed in May this year reached 2,079, which was the highest since 2,311 in May 2003, and has risen sharply from 6 in April.
There were 3,611 bankruptcy petitions in the first May of this year, an increase of 12.6% year-on-year, and 3,207 cases in the first May of the previous year, an increase of 404 or 12.6% from the previous year.
The number of compulsory company winding-up petitions filed in May this year was 68, a sharp increase from the one in April. There were 146 mandatory winding-up petitions in the first May, down 15.61% year-on-year.
Da Mo expected Hong Kong's economy to contract 9.4% in the second quarter, Asia's worst
Chen Maobo accused the Hong Kong economy's three-carriage "death blaze" to use local consumption together
Unemployment rate reached 5.9%. Unemployment CSSA recorded 18,000 cases. Lin Zheng: I hope it is not as bad as SARS
Hong Kong economy
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