China Evergrande's restructuring talks with top creditors are breakdown, creditors will support the liquidation plan at the hearing.-WSJ

Evergrande will face a court hearing in HK today as it tries to avoid liquidation. Judge Linda Chan has conducted a rare hearing on a possible “regulating order" at 2:30 p.m., such orders mean the court would regulate the winding-up process, potentially including appointing a liquidator.

China Evergrande falls 20% in HK after WSJ story about restructuring talks before liquidation hearing fails.