The assets of China Evergrande and its billionaire founder are being audited by Chinese authorities.
According to two sources with direct knowledge of the matter, the audit will determine the value of the assets and uncover any hidden assets.
Evergrande's debt crisis was taken over by the China's government after the real estate giant said there was no guarantee it would have enough funds to meet debt repayments.
Evergrande is the world's most indebted property developer with $300 billion in debts. The investors are worried that its collapse could cause a domino effect on China's economy and cause a financial crisis around the world.
The property giant's rating was cut by the ratings agency last week after two subsidiaries missed coupon payments.
The Chinese government has signaled that there will be no rescue for Evergrande, despite regulators' assurances that the real estate giant's troubles are ring-fenced and managed. The market is expecting a long-drawn restructuring similar to what Beijing has done in the past.
In September, authorities asked government-owned firms and state-backed property developers to buy some of Evergrande's assets.
Chinese streaming platform HengTen and Dutch electric motor maker e-Traction are two businesses that have been sold by Evergrande.
The developer's troubles have cost its billionaire founder and chairman. According to unnamed sources, the Chinese government told the company's owner to use his own money to pay down debt.
A third party enforced a "security interest" in Evergrande shares, forcing the sale of 277.8 million pledged shares. He is worth about $6 billion according to the billionaires index.
Evergrande did not respond to the request for comment.
