Despite improvements, the proportion of overdue B2B invoices and that of uncollectable B2B receivables in Hong Kong remain some of the highest in Asia Pacific.
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Access a snapshot of the credit risk situation and business performance of 14 major industries in your country. The forecast is based on the assessment of Atradius underwriters.
The sector still suffers from fierce competition with prices and profitability at a low level, while major players keep putting pressure on subcontractors.
Banks remain rather cautious in providing loans to the industry due to the large number of insolvencies and generally volatile market demand situation.
The profit and loss accounts of businesses active in energy-intensive segments (e.g. cement) are negatively affected by elevated electricity and gas costs.
While mining-related activity could decline further the prospects for growth in other parts of engineering and non-residential construction are improving.