A court in Hong Kong has ordered the liquidation of China Evergrande. The bankrupt property developer has failed to come up with a workable plan to restructure its debts of over $300 billion. Evergrande’s executive director insists Chinese homebuyers will be protected from the liquidation, which only affects the firm’s international business. But can contagion to China’s domestic market truly be avoided? We’re joined by Gary Ng from investment bank Natixis to discuss that question and many more.
