NEW

NDT V हिन् दी BUS INES S MO VIES CRICKET T ECH FO O D CRYPT O WEB S T O RIES EDUCAT IO N AUT O S WAS T H LIFES T YLE HEALT H S HO PPING ART

LIVE TV LATEST COVID-19 INDIA VIDEO OPINION WORLD CITIES OFFBEAT TRENDS PHOTOS

Home World China Property Giant Evergrande Suspends Hong Kong Market Trading Advertisement

China Property Giant Evergrande Suspends

Advertisement

Hong Kong Market Trading

Evergrande's stock price has plunged around 80 percent since the start of the year as it teeters on
the brink of collapse while struggling under a mountain of debt.
Advertisement
World Agence France-Presse Updated: October 04, 2021 7:28 am IST

TRENDING

Salman Khan Visits

Shah Rukh Khan After
Aryan's Arrest In
Drugs Case
QUICK LINKS

Coronavirus News IPL 2021

Man In Viral Selfie IPL 2021 Points Table Latest News

With SRK's Son Not An
Officer: Anti-Drugs Live Train status PNR Status Covaxin
Agency
World News Weather News Hindi News

Raazi Full Movie Redbus offers

On Camera, Priyanka Nykaa Coupon Codes Microtek Inverter

Gandhi vs UP Cops On
Way To Violence-Hit Flipkart Sale 2021 Amazon Sale 2021
District
Amazon Offers Flipkart Offers

Evergrande suspended trading in its shares on the Hong Kong stock exchange. Hotstar Subscription Offers Amazon Sale

Celeb Advertisement
Cricketers And Their
Shiny Toys
11 Slides

Hong Kong: Embattled property giant China Evergrande on Monday suspended

trading in its shares on the Hong Kong stock exchange without giving a reason.
Food
Healthy Ragi Dosa
Recipe The company's stock price has plunged around 80 percent since the start of the
10 Slides
year as it teeters on the brink of collapse while struggling under a mountain of
debt.
Celeb
Shraddha Kapoor's "Trading in the shares of China Evergrande Group will be halted," it said in a
Stylish Lehengas
10 Slides
statement to the exchange. "Accordingly, all structured products relating to the
Company will also be halted from trading at the same time."

Shares in its electric vehicle company, which last week scrapped a proposed
Shanghai listing, were not suspended, though they fell six percent in early trade.

Officials at the firm have been struggling to deal with a crisis that has left it more
than $300 billion in debt, fuelling fears of a contagion for the wider Chinese
economy that some warn could spread globally.

Last week it said it will sell a $1.5 billion stake in a regional Chinese bank to raise
much-needed capital, as it struggles to make interest payments to bondholders.

Beijing has stayed silent on the travails of the property empire, but state media
has trailed various responses in a nod to the mood towards a private company
that grew on a debt binge in the boom years of Chinese real estate.

Authorities have asked local governments to prepare for Evergrande's potential

collapse, according to reports, suggesting a major state bailout is unlikely.

The liquidity crunch has triggered public anger and rare protests outside its offices
in China as investors and suppliers demand their money back.

The group has admitted to facing "unprecedented challenges" and warned that it
may not be able to meet its liabilities.

Promoted

The country's real estate sector has been under tightened scrutiny in recent
months, with regulators announcing caps for three different debt ratios in a
scheme dubbed "three red lines" last year.

(This story has not been edited by NDTV staff and is auto-generated
Comments
from a syndicated feed.)

Track Latest News Live on NDTV.com and get news updates from India and around the world.

WATCH LIVE NEWS: FOLLOW US:

LATEST NEWS

Akhilesh Yadav Sits In "They Are Stunned By Merck's New Covid Pill 20,799 Fresh Covid Congress Leaders Not
Protest Outside Home Your Courage": Rahul Raises Hopes For Cases In India, 9% Lower Allowed To Land In
Over Death Of 8 In Gandhi On Priyanka vs Nations Struggling To Than Yesterday Lucknow, Alleges Party
Violence UP Cops Vaccinate

About Us Advertise News Alert Archives Apps Careers Channels Disclaimer Feedback Investors Ombudsman Redressals Service Terms

this website follows the dnpa code of ethics © copyright ndtv convergence limited 2021. all rights reserved.