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International Business News: China Evergrande Group, the world's most indebted real estate company, was ordered by a Hong Kong court to undergo liquidation. Hui Ka Yan, the compan

Liquidation will be a test case of legal reach of Hong Kong courts in China

China Evergrande Group received a liquidation order from a Hong Kong court, setting off what's likely to be a daunting process to carve up one of the biggest victims of a years-long and nationwide property debt crisis.

ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero

Is a bailout coming?

Is a bailout coming?

The company will establish an independent investigation committee and arrange for experts to be appointed to investigate the pledge guarantees.

The declaration by Fitch is the latest milestone in the financial drama that is likely to culminate in a massive restructuring of the world’s most indebted developer.

A potential deal to help Evergrande pay off its massive debt has fallen through. Now Chinas second biggest property could collapse in days if it misses a key debt deadline extension.

The possible messy collapse of Chinese property giant Evergrande is worrying the Reserve Bank of Australia. They are also concerned about Xi Jinpings common prosperity policies.