This article only represents the author's own views.
A new phase of all-out war has begun in China's sagging real estate industry, pitting struggling developers against their increasingly militant creditors seeking to recoup billions of dollars they’re owed.
Ever since a Hong Kong court ordered the liquidation of China Evergrande Group (3333.HK) in January, those creditors have been turning up their efforts to seek redress in court by filing liquidation requests, formally known as winding-up petitions. In a significant step, big state-owned banks, which typically don’t act without approval from Beijing, are joining the campaign.
您已阅读10%（634字），剩余90%（5734字）包含更多重要信息，订阅以继续探索完整内容，并享受更多专属服务。