HONG KONG -- A Hong Kong court will consider a winding-up petition for the Chinese property developer China Evergrande Group next week in a case that could provide a crucial test of cross-border insolvency arrangements between the special administrative region and Beijing.
Evergrande, the world's most indebted property developer, with more than $300 billion in liabilities, defaulted in 2021, making it a prime example of the liquidity crisis in China's property sector.
