HKMA says bankruptcy law changes 'difficult'

HONG KONG - Hong Kong's bankruptcy laws will unlikely be amended despite a sharp rise in the number of people going broke and companies going under, the city's quasi-central bank said 21 August.

In an interview Hong Kong Monetary Authority Deputy Chief Executive David Carse said any changes to current bankruptcy laws will be "very difficult," and that the authority will push ahead with its proposal for banks to share data, to combat the problem.

The number of bankruptcy cases surged in the firs