More liquidations of Chinese developers are expected after the liquidation of China Evergrande Group in Hong Kong's High Court. The liquidation of the world’s most indebted property developer has set a benchmark for future liquidations and will raise the cost of offshore financing by Chinese developers, according to market experts.
The Hong Kong-listed firm, once the biggest Chinese property developer by revenue, defaulted in December 2021.
Other Chinese companies with assets in China, including the developers Logan Group and Kaisa Group, are also facing winding-up demands in Hong Kong courts, and more are expected in the coming months, said Marco Metzler, a German entrepreneur, said on...
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