XJO - Bear Posts only (Factors which might cause the markets to fall), page-14369

I think the point that many news articles failed to highlight is the liquidation is for the "Evergrande Hong Kong listing only".
Mainland China is another jurisdiction where most of the assets are held are under a different listing "China Evergrande group".

Redmond Wong, chief China strategist at Saxo Markets in Hong Kong, said for Evergrande shareholders in Hong Kong "the likelihood of getting anything out of the winding up process is very low".He said the winding up of Evergrande's Hong Kong listing entity has been widely anticipated and should not impact the general market much.