Evergrande Delisted as China’s Property Bubble Shows Signs of Deflation
China Evergrande Group was delisted from the Hong Kong Stock Exchange on Monday, marking an ignominious exit for the once-high-flying developer that epitomized Beijing’s economic rise and later symbolized the country’s property bust. The move follows a lengthy liquidation process initiated in January 2024. Evergrande had become one of China’s hottest stocks after its listing … Read more