BUSINESS

Court Opens Bankruptcy Liquidation for Evergrande’s Main Onshore Arm

Published: Aug. 22, 2026 3:32 a.m. GMT+8

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Aerial view of an Evergrande residential development in Nanjing, Jiangsu province, China, Aug. 21, 2026. Photo: IC

A Chinese court has formally accepted a bankruptcy liquidation application for Evergrande Real Estate Group Ltd., marking the start of judicial disposal for the primary onshore unit of collapsed property giant China Evergrande Group.

The Guangzhou Intermediate People’s Court on Friday accepted an application filed by a branch of Guangzhou Rural Commercial Bank Co. Ltd. and appointed a liquidation group to serve as administrator.

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