The world’s most heavily indebted real estate developer is set to liquidate, but their assets do not cover their liabilities.

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BREAKING: A Hong Kong court has ruled that Evergrande, China’s largest real estate developer, must be liquidated.

The stock is now down another 20% today on the news and trading has been halted.

Evergrande is now considered the most indebted property developer in the world.

This comes at a time when China’s HY Real Estate Index is down 85% in 2 years.

China is also preparing hundreds of billions in economic stimulus along with considering a ban on short selling.

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What is happening in China?

h/t Digital mix guy Spock

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