For the first time after four decades since the enactment of the Money Lenders Ordinance (Cap. 163) (the "MLO") in 1980, the Legislative Council ("LegCo") has yesterday passed a.
HONG KONG, Oct. 25, 2022 /PRNewswire/ DUN & BRADSTREET HONG KONG COLLABORATES WITH THE BANKING SECTOR TO SUPPORT SME LENDING MARKET THROUGH COMMERCIAL DATA INTERCHANGE
HONG KONG, June 29, 2022 /PRNewswire/ According to the latest macro-economic data (as of 1 June 2022) and the unemployment rate (provisional figures) released on 17 June 2022, NOVA announces the latest estimated bankruptcy rate for the next 12 months at 0.185%. Based on the 5.6 million HK credit-eligible population, the estimated number of bankruptcy is about 10,472, which is slightly more than 7,197, the number of bankruptcy petitions in 2021 recorded by the Official Receiver's Office throughout the year. Calculation of this estimated bankruptcy rate is based on the latest macro-economic data in recent months, during the fifth wave of the epidemic in Hong Kong, two important indicators-the unemployment rate and gross domestic product (GDP) were significantly adversely affected. Undoubtedly, the tightening of anti-epidemic measures has seriously impacted the local economy. The local economy deteriorated significantly in the first quarter of 2022. The GDP in the first quarter of 2
We have compiled the following chronology table which serves as a quick reference point to track the circulars and guidance published by HK financial services regulators in relation to COVID-19. We will update the table regularly. Kindly note that the table is not intended to capture all regulatory.