[2024 PREDICTION] Still unclear how far the Hong Kong ruling will hold sway in mainland China, but I predict theres no other way. I'm not saying the unwinding will be done this year, but that China's Supreme Court will honor their arrangement with HK's Department of Justice and mutually recognize and enforce the judgement by then. Judge Linda Chan said "enough is enough", after the troubled developer repeatedly failed to come up with a plan to restructure its debts. https://www.bbc.com/news/business-67562522

Bobby

a year ago

shared a link post in group #A Glance of China 行摄中国

[2024 PREDICTION] Still unclear how far the Hong Kong ruling will hold sway in mainland China, but I predict theres no other way.  I'm not saying the unwinding will be done this year, but that China's Supreme Court will honor their arrangement with HK's Department of Justice and mutually recognize and enforce the judgement by then.  

Judge Linda Chan said "enough is enough", after the troubled developer repeatedly failed to come up with a plan to restructure its debts.
bbc.com/news/business-675..

www.bbc.com

Evergrande: Crisis-hit Chinese property giant ordered to liquidate

The Hong Kong order may matter little in the mainland, where most of the property giant's assets are held.