The Washington Post-Chinas Evergrande owing more than 300 billion ordered to liquidate
January 29, 2024 2 min 265 words
中国恒大集团被香港法院勒令清算，成为全球负债最重的房地产开发商。这一裁决或将进一步损害外国投资者对中国的信心。在公司未能与债权人达成重组协议的情况下，股票及两个子公司的交易被暂停。法官陈兰达表示“够了”，终止了数月的拖延，公司试图制定重组计划。此前，恒大于2021年违约3300亿美元债务，震动全球市场。公司的困境折射了中国房地产行业的急剧下滑，该行业占据全球第二大经济体增长的五分之一，也影响了中国整体前景。中国去年国内生产总值增长仅为5.2％，是三十年来的最慢增长，其股市表现尤为糟糕，过去三年中中国和香港股市总市值蒸发了约6万亿美元，突显了投资者对中国经济未来的担忧。这一裁决引发了对中国当局是否会承认香港法院裁决，并允许国际债权人扣押公司资产的不确定性。
2024-01-29T02:40:30.283Z
A Hong Kong court on Monday ordered Evergrande, the world’s most indebted property developer, to liquidate, a ruling that could further dent foreign investor confidence in China.
Shares of the company and two subsidiaries were suspended on Monday after Justice Linda Chan said “enough is enough,” following months of delays as the firm attempted to come up with a restructuring plan.
It is unclear whether Chinese authorities will recognize the Hong Kong court’s ruling Monday and allow international creditors to seize assets of the company.
Once China’s largest seller of real estate, Evergrande has been trying to avoid formal bankruptcy since 2021, when it defaulted on $330 billion in debt and sent shock waves through global markets.
The company’s travails track the rapidly declining health of China’s property sector, which accounts for about a fifth of growth in the world’s second-largest economy — and China’s prospects in general.
China recorded gross domestic product growth of only 5.2 percent last year — the slowest in three decades, excluding the three pandemic years — and its stock market has been performing particularly badly.
About $6 trillion has been wiped off the value of Chinese and Hong Kong stocks in the past three years, underscoring investors’ fears about China’s economic future.