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Evergrande, once China's largest property developer, has been delisted from the Hong Kong stock exchange. After an 18-month trading freeze, the company, once valued at US$50 billion, was liquidated. Its value plummeted to US$260 million due to a debt crisis and the slowdown of China's real estate sector. The collapse impacted various sectors, including steel prices and household spending. Liquidators are working to recover investor funds and have even sued PwC for its auditing role. This delisting marks a significant end to Evergrande's downfall, highlighting the ongoing struggles within China's property market.

Prepared by Christopher Adams and reviewed by editorial team.