Core Viewpoint - The announcement of the bankruptcy proceedings for Evergrande Real Estate Group's Guangdong subsidiary reflects a normal market behavior, indicating the company's severe insolvency and inability to repay debts [1][3]. Group 1: Bankruptcy Proceedings - The Guangzhou Intermediate People's Court has accepted the bankruptcy liquidation case of Evergrande Real Estate Guangdong Company, marking its entry into bankruptcy proceedings [1]. - Legal experts state that the bankruptcy liquidation is a necessary outcome due to the company's inability to meet its financial obligations, with over 3.1 million bankruptcy cases processed nationwide in 2024 [3]. Group 2: Impact on Operations - Evergrande Real Estate Guangdong Company claims that the bankruptcy process will not affect the delivery of homes, as all housing projects in Guangdong have been completed and delivered [4]. - The company has successfully delivered over 120,000 homes nationwide since the debt crisis began in 2021, with over 95% of sold residential properties completed and handed over to owners [4]. Group 3: Industry Context - Several companies within the "Evergrande system" have entered bankruptcy proceedings due to severe insolvency and loss of operational capability, with more expected to follow as debt relationships are legally resolved [5][7]. - The ongoing bankruptcy cases are viewed as a natural market mechanism for eliminating underperforming companies, allowing for a healthier development environment for quality enterprises in the real estate sector [7].
恒大地产广东公司被裁定破产清算，业内人士称在意料之中