This is likely to have a lot of ripple effects both in and out of #China:

“A #HongKong court on Monday (Jan 29) ordered #ChinaEvergrande, the world's most indebted developer, to be liquidated.
The move could send shockwaves through already fragile Chinese capital and property markets. Such a process could be complicated, with potential political considerations, given the many authorities involved.”

https://www.channelnewsasia.com/business/china-evergrande-liquidate-what-happens-next-court-chinese-property-4081711?cid=internal_sharetool_iphone_29012024_cna