China forces seriously insolvent real estate companies to pay appropriate compensation. In China, a major real estate company, Evergrande Group, was ordered liquidated by a Hong Kong court, and some creditors of another major company, Bi Guiyuan, filed for liquidation.
The Chinese government appears to be aiming to stabilize the real estate market, which accounts for about one-quarter of gross domestic product (GDP), including related industries, by proceeding with such corporate restructuring. is becoming more serious.