Evergrande Ruling Has Limited Impact For Domestic Business - Expert

The Hong Kong judge's decision to liquidate China Evergrande will not directly impact the group’s domestic business, according to Li Shuguang, professor at China University of Political Science and Law. Li noted each company in the group would remain an independent legal entity, as China Evergrande was an overseas holding platform company. Under this structure, domestic subsidiaries would maintain normal and orderly operations under the existing management and model, Li added. Domestic bond holders were creditors of Evergrande Real Estate and had their rights protected under Chinese law. (Source: Yicai)