Evergrande's Liquidation and the Implications for the Chinese Economy

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This chapter analyzes the recent Hong Kong court ruling calling for Evergrande's liquidation and its potential impact on Evergrande's entities in mainland China. It explores the complications of submitting the liquidation order to three mainland courts and discusses the broader implications for Evergrande's assets and conflicts with mainland creditors, as well as its significance for the Chinese economy.

Binance has bowed to pressure from customers who want to hold their assets with an independent custodian, a Hong Kong court has ordered property giant China Evergrande to be wound up, and Brazil’s President Luiz Inácio Lula da Silva is returning to an old but controversial playbook to jump-start the country’s economy.

Mentioned in this podcast:

Binance bows to trader demands to keep their assets elsewhere

Chinese developer Evergrande ordered to be wound up by Hong Kong court

China Evergrande liquidation to test Hong Kong’s reach

Lula’s playbook: Brazil bets on a return to state capitalism

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Read a transcript of this episode on FT.com

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