Long wait for help: Hong Kong’s stricken businesses say red tape is delaying critical Covid-19 subsidies

More than a thousand struggling businesses say red tape is keeping them in limbo after months of waiting for critical anti-pandemic financial aid from the Hong Kong government.Estimates from industry groups and government departments show that 1,464 of the hardest-hit firms awaiting help include those forced to suspend operations for more than 100 days through wave after wave of Covid-19 infections over the past year.“Are they waiting for me to go bankrupt?” asked Max Traverse, owner of the…

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