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China Evergrande To be Delisted from HK Bourses
August 13, 2025
China Evergrande Group will be delisted from the Hong Kong Stock Exchange on August 25th. The development comes 18 months after its shares were suspended from trading. Once the nation’s largest developer, Evergrande collapsed under a far larger debt load of about HKD 350bn ($45bn), with liquidators declaring a full restructuring as “out of reach”. The company’s fall, following its 2021 default, highlighted deep issues in the housing market like weak consumer confidence, oversupply, and mounting debt, despite government stimulus. Property sales in China continue to remain sluggish, with major developers seeing a decline of over 20% for two straight months, pushing recovery forecasts to mid-to-late 2026.
Evergrande’s liquidation, involving 3,000 legal entities, 1,300 projects in 280 cities, and a property services arm, is the most complex in the sector and may serve as a template for others, sources reported. Asset recovery has been minimal so far, with offshore unsecured creditors expected to recoup only about 3.5%. The case adds to a string of developer collapses and court-ordered liquidations since 2021.
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