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

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.

What is happening in China?

Source: X