The world’s most indebted real estate developer, China Evergrande Group, was delisted from the Hong Kong Stock Exchange on August 25, 2025. This was one of the largest delistings in recent years.
The collapse of Evergrande, once China’s best-selling construction company, began with the emergence of a payment crisis in 2021. Since then, the company has defaulted on debt payments, halted projects, and reported billions of yuan in losses. Key milestones: Write-list: Write-list: 2021: Construction projects halted, offshore bond payments missed. Write-list: 2022: Share trading suspended, luxury properties seized by banks. Write-list: Write-list: –>
During the liquidation process, only $255 million of Evergrande’s assets could be sold, but creditor claims exceeded $45 billion.
Conclusion: The collapse of China’s real estate giant is seen as a major lesson not only for the country’s economy but also for confidence in global financial markets.
