Hong Kong Stock Exchange permanently delists Evergrande

Trading in shares of Chinese real estate giant Evergrande , which is undergoing liquidation, was definitively canceled on the Hong Kong Stock Exchange on Monday. The company's listing was suspended since January 29, 2024.

On August 12, the Chinese real estate company announced that it would not request a review of this decision from the Hong Kong Stock Exchange, whose Listing Committee had informed Evergrande of the cancellation earlier this month, in accordance with Hong Kong stock exchange regulations, because the company "did not meet any of the established requirements" to resume trading.

Trading in Evergrande's shares had been suspended since their suspension on January 29, 2024, when the company was ordered to be liquidated due to its high debt levels. Trading had not resumed before July 28, 2025, exceeding the 18-month consecutive suspension limit stipulated in the Hong Kong Stock Exchange's regulations.

Evergrande debuted on the Hong Kong Stock Exchange in 2009 and reached its highest market capitalization in 2017, when the company's shares climbed to HK$31.55 , although in 2021 the Chinese giant warned of the risk of default due to difficulties in obtaining liquidity and after accumulating liabilities of more than $300 billion (€255.922 billion).

In this regard, after a lengthy process, on January 29, 2024, the Hong Kong High Court declared China Evergrande Group in liquidation and appointed Edward Middleton and Tiffany Wong, managing directors of Alvarez & Marsal Asia Limited, as its liquidators.