China's Evergrande Bankruptcy Ruling and its Implications, Impact of Brexit on British Businesses, and Lula's State Capitalism Plans

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This chapter explores the bankruptcy ruling of Evergrande in China and its implications. It discusses the liquidation process in Hong Kong and sheds light on the Chinese legal and bankruptcy system, as well as its interaction with international claims.

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

The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help by Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.

Read a transcript of this episode on FT.com

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