Yes, for the Red Dragon.
https://www.reuters.com/business/what-happens-next-after-china-evergrande-ordered-liquidate-2024-01-29/
HOW SIGNIFICANT WOULD LIQUIDATION BE FOR CHINA'S PROPERTY MARKET?
While a winding-up of the developer with $240 billion of assets would send shockwaves through already fragile capital markets, experts said it would not offer a blueprint on how liquidation might unfold for other embattled developers.
Given the sheer size of Evergrande's projects and debt, the process would involve many authorities and political considerations.
Completing ongoing home construction projects will be a top priority for the company, the sector and the government.