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

Bloomberg Markets Monday 17 August 2026, 02:16 UTC By Pearl Liu and Jackie Cai 1 min read
Key Points

Commodities Chinese Trader’s Unit Ordered to Liquidate by Hong Kong Court A unit of China’s state-backed SDIC Commodities Co. was ordered to liquidate by a Hong Kong court, adding to the financial troubles for the metals trader as Beijing increases scrutiny on the sector. During the hearing on Monday, lawyers for the liquidation petitioner, Nanyang Commercial Bank Ltd., asked for an immediate wind-up order for the unit, Commodities Hongkong Co. The company argued for an adjournment and said...

Commodities Chinese Trader’s Unit Ordered to Liquidate by Hong Kong Court A unit of China’s state-backed SDIC Commodities Co. was ordered to liquidate by a Hong Kong court, adding to the financial troubles for the metals trader as Beijing increases scrutiny on the sector. During the hearing on Monday, lawyers for the liquidation petitioner, Nanyang Commercial Bank Ltd., asked for an immediate wind-up order for the unit, Commodities Hongkong Co. The company argued for an adjournment and said that Nanyang Commercial had made a sudden request for an immediate payment of more than 1 billion yuan ($148 million). But it added that it couldn’t give a timeline for such a payment.
Chinese Trader’s (ORG) Hong Kong Court (ORG) China (LOCATION) SDIC Commodities Co. (ORG) Hong Kong (LOCATION) Beijing (LOCATION) Nanyang Commercial Bank Ltd. (ORG) Commodities Hongkong Co. (ORG) Nanyang Commercial (ORG)
Originally published by Bloomberg Markets Read original →

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