Latest Breaking News On - Boeing orders - Page 1 : comparemela.com

like shareholdings and some other subsidiary companies, those assets are very readily accessible. the issue is that most of the company s assets are onshore in mainland china, they are land, properties the company had 1,200 projects at different stages of development as of 2022. but those assets are going to be tricky to access. in theory, hong kong and mainland have a 2021 arrangement for resolving insolvent companies like evergrande, but in practice what needs to happen is mainland courts will need to recognise this liquidation, but they also need co operation from local governments. i think it will be very tricky. this is just one stage in what is likely to be still quite prolonged process if the off shore creditors wish to get hold of ultimately money which comes from mainland property assets. let s talk to hong bo, professor of financial economics in the school of finance and management at london s soas university. the chinese government is unlikely to allow evergrande

Enough isHigh court judgeReal estate developer evergrandeHong kongProperty giantReal estate boom and bustDuncan wrigleyChina economistPantheon macro economics00 billion300 billionThe companyOffshore assetsThe next stepSubsidiary companiesStages of development