China Evergrande Group's logo is displayed on a phone screen in this illustration photo taken on September 27, 2021.
Jakub Porzycki | Nurphoto | Getty ImagesA liquidation order to property giant China Evergrande liquidation crisis this week deepened concerns about China's struggling real estate sector — but analysts say the spillover will likely be contained, with one saying it might actually be "good news."
On Monday, a Hong Kong court issued a liquidation order to the embattled property developer after it failed to reach a restructuring deal with creditors.
In other words, no massive credit event," Qazi told CNBC.
China Evergrande, once among the country's largest property developers, is the world's most indebted company — with more than $300 billion in liabilities.
Persons:
Jakub Porzycki, Shehzad Qazi, Lehman, Qazi, CNBC's, It's, China Evergrande, Evergrande, Linda Chan, Charlene Chu
Organizations:
Nurphoto, CNBC, Lehman Brothers, Hong, Hong Kong Stock Exchange, China macrofinancial, Autonomous Research
Locations:
China, Hong Kong