Evergrande, the massive Chinese real estate developer with $300 billion in debt, is ordered to liquidate by a Hong Kong court

• A Hong Kong court on Monday ordered the liquidation of real-estate developer China Evergrande Group.
• Evergrande is the world's most indebted developer with more than $300 billion of total liabilities.
• It defaulted on its debt in 2021, sending China's struggling property sector into a tailspin.

A Hong Kong court on Monday ordered the liquidation of China Evergrande Group, a move likely to send ripples through China's crumbling financial markets as policymakers scramble to contain the deepening crisis.