Hong Kong companies have no safety net in fight for survival

Hong Kong companies have no safety net in fight for survival

Kowloon, Hong Kong. Photo: Shuja/Unsplash

Hong Kong is being threatened by a “Tsunami-like” cataclysm, the city’s finance chief has warned, as the new coronavirus devastates businesses already hobbled by months of anti-government protests. The financial hub’s lack of a bankruptcy process will only exacerbate the pain.

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