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Chinese Trader’s Unit Ordered to Liquidate by Hong Kong Court

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A unit of SDIC Commodities was ordered to liquidate by a Hong Kong court, escalating insolvency risk for the metals trader. The move follows intensifying Beijing scrutiny of the sector, likely worsening credit conditions and funding/liquidity for metals-focused entities.

Analysis

A unit of SDIC Commodities was ordered to liquidate by a Hong Kong court, escalating insolvency risk for the metals trader. The move follows intensifying Beijing scrutiny of the sector, likely worsening credit conditions and funding/liquidity for metals-focused entities.

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