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       2 Years After Its Default, China Evergrande May Finally Meet Its End

       A Hong Kong judge could set in motion the liquidation of the property developer, which was once considered one of China’s most successful companies.

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       An idle construction site for a China Evergrande residential project in Taiyuan. Credit...Gilles Sabrié for The New York Times

       By Alexandra Stevenson

       Reporting from Hong Kong

       Dec. 3, 2023

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       Once China’s most prolific property developer, China Evergrande may soon be its biggest and messiest corporate breakup.

       In a Hong Kong courtroom on Monday, a bankruptcy judge could force Evergrande to liquidate and pay back creditors who are owed tens of billions of dollars.

       It would mark an end to two years of limbo for investors who lent Evergrande money in Hong Kong and have tried to negotiate for a piece of the debt-saddled corporate behemoth that defaulted in early December 2021.

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       Alexandra Stevenson is the Shanghai bureau chief for The Times. More about Alexandra Stevenson

       A version of this article appears in print on Dec. 4, 2023, Section B , Page 2 of the New York edition with the headline: Evergrande Faces Beginning of the End in a Hong Kong Court . Order Reprints | Today’s Paper | Subscribe

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