HONG KONG -- The High Court in Hong Kong on Friday adjourned the first hearing of a wind-up petition against embattled mainland Chinese developer Country Garden Holdings, with the judge stressing that the case must proceed promptly.
China debt crunch
Country Garden wind-up case adjourned as policy support hopes rise
Hong Kong judge sets next hearing for June 11; mainland to hold housing briefing
A construction site for Country Garden condominiums is seen in Beijing in August 2023. © Reuters
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