On 2024-01-29 Hong Kong court ordered liquidation of Chinese property giant Evergrande, see for example reporting by The Guardian. But most of Evergrande's assets are in mainland China, which is a different jurisdiction.

There is a mechanism established in 2021 to do this, as The Guardian reporting hints. It even worked in the past! With Google, I found a Deloitte China press release, The First Hong Kong Liquidation Proceedings Recognized by Chinese Mainland Court under New Mutual Recognition Framework. (Deloitte China was a liquidator.) This first happened on 2021-12-15.

Will this happen for Evergrande before the end of 2025?