Evergrande Faces Renewed Liquidation Risk in Wind-Up Hearing

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(Bloomberg) — China Evergrande Group will once again try to fend off liquidation at court hearings in Hong Kong on Monday. 

Eight weeks after the debt-laden property developer won a surprise reprieve in the long-running lawsuit, Evergrande has made little progress toward clinching a restructuring agreement with creditors. 

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Any order to wind up Evergrande, which has about $327 billion in liabilities, will likely send ripples through China’s financial system at a time when policymakers are trying to stem a stock market rout. It would also further weaken confidence in the housing industry, which is in a persistent slump that’s dragging on the world’s second-largest economy.