Chinese property giant Evergrande’s shares were taken off the Hong Kong stock market on Monday after more than a decade and a half of trading.

It marks a grim milestone for what was once China’s biggest real estate firm, with a stock market valuation of more than $50bn (£37.1bn). That was before its spectacular collapse under the weight of the huge debts that had powered its meteoric rise.

Experts say the delisting was both inevitable and final.

  • wewbull@feddit.uk
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    22 hours ago

    …and the people who gave out the loans. That’s where I’m expecting things to have an effect, much like 2008. A property company can crumble, but governments are much more protective of banks.