In May, there were 949 bankruptcy petitions in Hong Kong, an increase of 17% compared to the previous month, reaching a 5-year high.

According to the Wall Street Journal, the Hong Kong Insolvency Department announced that it received 949 bankruptcy petitions in May, an increase of 17% from the previous month and 9% compared to last year. This is the highest number since May 2020, when there were 2079 cases.