A Hong Kong court is set to hear a liquidation petition next month against a unit of China’s state-backed SDIC Commodities Co. after a loan default, according to Bloomberg.
The petition is the latest sign of mounting financial troubles for the metals trader as Beijing intensifies scrutiny of the opaque sector.
Chinese Trader SDIC Commodities Unit Faces Liquidation Petition After Loan Default
2026-07-03 03:56:25
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