In this study, logical construct financial distress logistic regression model for the study period from 2007 to 2011, the Hong Kong enterprises as the research object, assess Hong Kong's corporate financial variables on the early warning model predictive ability; empirical results show that the financial ratio variables debt and total asset turnover ratio greater impact on the enterprise; insufficient if the company's profitability, debt ratio is higher, but will cause cash flow problems of the situation, the enterprise is the higher the likelihood that the financial crisis. In this study, Logica logistic regression model prediction accuracy, the closer point in time of financial distress, the higher the predictive ability of the model overall accuracy rate of 76.6%.