The collapse of China’s Evergrande property developer is covered here

Evergrande Group, which was recently declared insolvent by a Hong Kong court, has a total of $19 billion in real estate development liabilities, according to its audited results. It owes about $14 billion in payments to investors and the remaining $2 billion is classified as outstanding dues, Bloomberg reported. Evergrande is the country’s third-largest real estate company by market value after Wanda and China Evergrande Group.