Chinese Builder Jingrui Ordered to Liquidate by Hong Kong Court

Hong Kong’s High Court ordered the liquidation of developer Jingrui Holdings Ltd., making it the latest defaulted Chinese builder to be wound up in the city amid China’s years-long property crisis.

The ruling from Judge Jonathan Harris was handed down on Thursday following a hearing last October. China Citic Financial AMC International Holdings Ltd. filed the winding-up petition against Jingrui in October 2024 as part of its efforts to recover debts.