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.

  • flamingo_pinyata@sopuli.xyz
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    1 day ago

    Just my speculation but this policy might be a significant contributing factor to the growth of Chinese economy.

    Rising prices of assets lock up money that would otherwise be used for more productive investment.