Matter

China Citic Financial AMC International Holdings Limited v Jingrui Holdings Limited (High Court of Hong Kong HCCW 568/2024)

15 January 2026Hong Kong
15 January 2026Hong Kong
Judgment of the High Court of Hong Kong in Companies Winding-Up Proceedings No 568 of 2024 dated 15 January 2026
High Court of the Hong Kong Special Administrative Region, Court of First Instance
Case no.
HCCW 568/2024
Citation
[2026] HKCFI 246
Decision summary
The Court made a winding-up order against Jingrui Holdings Limited. It held that the prospect of recognition and assistance in the Mainland and recovery of assets provided a real benefit to the petitioner and other unsecured creditors, that the company had not shown a genuine intention to arbitrate, and that it had not demonstrated a substantive defence to the debt.
Supporting details
10 authorities · 7 participants
China Citic Financial AMC International Holdings Limited
Representative
Tom Ng (For: China Citic Financial AMC International Holdings Limited)
Representative
Deacons (For: China Citic Financial AMC International Holdings Limited)
Jingrui Holdings Limited
Representative
Valerie Kwok (For: Jingrui Holdings Limited)
Representative
Eric Chow & Co. (For: Jingrui Holdings Limited)
High Court of the Hong Kong Special Administrative Region, Court of First Instance
Judge
Jonathan Harris
Authorities cited
10
- Kam Leung Siu Kwan v Kam Kwan Lai ((2015) 18 HKCFAR 501)
  case
- Re Up Energy Development Group Ltd (In Liquidation) ([2025] HKCA 555)
  case
- Shandong Chenming Paper Holdings Ltd v Arjowiggins HKK 2 Ltd ((2022) 25 HKCFAR 98)
  case
- Re a Debtor, Xu Peixin ([2025] HKCFI 5846)
  case
- Signature Living Hotel Ltd v Sulyok ([2020] Bus. L.R. 588)
  case
- Re Dejin Resources Group Co Ltd ([2015] 1 HKLRD 973)
  case
- Hong Kong Companies (Winding Up and Miscellaneous Provisions) Ordinance (Companies (Winding Up and Miscellaneous Provisions) Ordinance (Hong Kong), Cap. 32)
  statute
- Hong Kong Companies Ordinance (Companies Ordinance (Hong Kong), Cap. 622)
  statute
- Record of Meeting of the Supreme People's Court and the Government of the Hong Kong Special Administrative Region on Mutual Recognition of and Assistance to Bankruptcy (Insolvency) Proceedings (2021 Record of Meeting on Mutual Recognition of and Assistance to Bankruptcy (Insolvency) Proceedings)
  other
- Supreme People's Court Opinion on Taking Forward a Pilot Measure in relation to the Recognition and Assistance to Insolvency Proceedings in the Hong Kong Special Administrative Region
  other
Direct judgment

China Citic Financial AMC International Holdings Limited

Jingrui Holdings Limited

High Court of the Hong Kong Special Administrative Region, Court of First Instance