(Beijing / Hong Kong Bloomberg) Some high -debt real estate companies in China will face the court liquidation in Hong Kong this month.Under the debt crisis of the real estate industry, more and more creditors are seeking judicial channels and strive to get some claims.
Bloomberg News reported on Wednesday (November 2) that China Evergrande and Sunac China will face liquidation in November.In the past year, the two companies have a US dollar bond default, and the hearing will attract the attention of global fund companies.
A Hong Kong court issued a liquidation order to the main body of Sunshine City Group last month.As China's real estate industry is trapped in debt dilemma, this situation has occurred in Hong Kong for the first time in Hong Kong in recent years.
Bloomberg's assembly data shows that by the end of January, six developers will face liquidation to hear the liquidation. These companies have more than US $ 30 billion in overseas bonds (the same, about S $ 42.392 billion).According to the Hong Kong Bankruptcy Management Department, after the court issued a liquidation order, the temporary liquidation was appointed, and they will take over the company.The funds of the bill holder are recovered or affected.
James Comber, a partner of ASHURST LLP, said many liquidation was required to be used by creditors to pressure borrowers.
Xiao Yuan, vice chairman of the Bank of China Insurance Supervision and Administration Commission, said in response to the question of Yu Weiwen, president of the Hong Kong Financial Administration on the impact of real estate on the impact of real estate, is paying close attention to the development of the industry.
Xiao Yuan Enterprise mentioned that the real estate industry remains stable. Now the banking industry's risk exposure in real estate is at a reasonable level, accounting for about 26%of the total loan.He said that the overdue rate of mortgage loans in mainland China was less than 0.1%.
However, according to Bloomberg's calculation, Mainland Chinese housing companies have 292 billion US dollars in debt will expire by the end of 2023.
