中國恒大集團 （清盤中） （於開曼群島註冊成立的有限責任公司） （股份代號：3333） 內幕消息公告 有關清盤的進一步消息 及 繼續停牌 本公告乃由中國恒大集團（清盤中）（「本公司」，連同其附屬公司統稱「本集團」） 根據《香港聯合交易所有限公司證券上市規則》第13.09條以及《證券及期貨條例》 （香港法例第571章）第XIVA部作出。 茲提述 (i) 本公司日期為 2024 年 1 月 29 日的公告，內容有關本公司清盤、委任本公司 共同及各別清盤人（「清盤人」）以及本公司股份（「股份」）暫停買賣；(ii) 本公司 日期為 2024年10月25日的公告，內容有關申請及聆訊； (iii) 本公司日期為 2024年11月 12日的公告，內容有關押後舉行聆訊； (iv) 本公司日期為2024年11月29日及2025年3月 10日的公告， 內容有關押後聆訊；(v) 本公司日期為2025年5月2日的公告，內容有關法 院於2025年4月17日就申請作出之裁決及指示（「指示令」）；(vi) 本公司日期為 2025 年5月16日的公告（「5月16日公告」），內容有關通告；及 (vii) 本公司日期為 2025年5 月28日的 ...

Core Viewpoint - China Evergrande's announcement marks a significant end to its journey in the capital market, as the Hong Kong Stock Exchange has decided to cancel its listing status due to failure to meet resumption requirements after more than 18 months of trading suspension [4][6][7]. Group 1: Impact on Investors - Many investors are expressing despair over their losses, with some reporting losses of up to 500,000 yuan and feeling hopeless about recovering their principal [12][17]. - At its peak, Evergrande's market capitalization exceeded 400 billion HKD, but by the time of its suspension on January 29, 2024, its stock price had plummeted to 0.163 HKD, resulting in a market value of only 2.152 billion HKD, a decline of over 99% from its peak [14][16]. - The announcement clarifies that while shares remain valid post-listing cancellation, they cannot be traded on the exchange, leaving shareholders with little recourse [19][21]. Group 2: Financial and Legal Challenges - Evergrande is facing a massive debt crisis, with liabilities amounting to approximately 350 billion HKD (around 45 billion USD) as of July 31, 2025, and ongoing legal disputes involving 80 cases [24][28]. - The company has only managed to realize about 2.55 billion USD from asset liquidation, which is insufficient to cover its substantial debts [29][32]. - The complexity of Evergrande's corporate structure, with over 3,000 legal entities across various jurisdictions, complicates the asset liquidation process [31]. Group 3: Potential Asset Recovery - Evergrande's property management segment has shown some potential, with reported revenues of approximately 12.756 billion CNY and a net profit of about 1.032 billion CNY in 2024 [33]. - The liquidators are prioritizing the sale of Evergrande's property management business as a key source of value for creditors [34]. - There are ongoing discussions regarding potential investments in Evergrande's automotive division, which could provide significant funding if successful [35]. Group 4: Personal Financial Matters of Executives - The financial status of Evergrande's founder, Xu Jiayin, and his ex-wife, Ding Yumei, remains unclear, with reports suggesting significant asset transfers and purchases made by Ding in London [38][42]. - Legal actions have been initiated to recover approximately 6 billion USD in dividends and compensation from Xu and other executives, with asset freezes imposed on their global assets [43][44].

Group 1 - Chipone Technology plans to issue H-shares and apply for listing on the Hong Kong Stock Exchange [1] - Wolong Electric submitted a listing application to the Hong Kong Stock Exchange with joint sponsors including CICC, Huatai International, and GF Securities [2] Group 2 - Nike filed a lawsuit against Edison Chen for breach of contract, claiming $126,000 in unpaid goods [3] - China Evergrande's listing status will be canceled on August 25 due to failure to meet the Hong Kong Stock Exchange's requirements [4] Group 3 - Mercedes-Benz CEO warned that the European automotive industry could face collapse without fuel vehicles [4] - Multiple video platforms have limitations on ad-free experiences for members, with some ads still appearing even for paid subscriptions [5] Group 4 - Li Auto aims to deliver over 8,000 units of the Li i8 by the end of September, with a challenge to reach 10,000 units [6] - Xiaomi appointed several executives for its African market to increase investment and operations [9] Group 5 - Tencent reported Q2 2025 revenue of 184.5 billion yuan, a 15% year-on-year increase, with significant growth in various service segments [20] - Youyan Silicon reported a net profit of 106 million yuan for the first half of 2025, a decline of 18.74% year-on-year [21] - Baolidi achieved a net profit of 63.8 million yuan in the first half of 2025, a 15.19% increase year-on-year [22] - Hatou Co. reported a net profit of 380 million yuan for the first half of 2025, a 233.08% increase year-on-year [23]

Group 1 - The core point of the article is that China Evergrande Group is set to delist from the stock market by August 25, 2025, following a failure to meet resumption guidelines, leading to a suspension of trading from January 29, 2024 [2][5] - Evergrande's stock price has plummeted to 0.163 HKD, with a total market value of 21.52 billion HKD (approximately 1.97 billion RMB) [5] - The delisting marks the end of Evergrande's 16-year presence in the capital market, significantly impacting the real estate industry and reshaping its ecological landscape [7] Group 2 - Evergrande's collapse has triggered a dramatic decline in the market value of other real estate companies, with a cumulative drop exceeding 90% prior to the trading suspension, resulting in a loss of 300 billion HKD in market capitalization [7] - The event has exposed liquidity crises stemming from high turnover models, leading to widening credit spreads in the domestic bond market for real estate firms, indicating risk transmission to related sectors such as building materials and home furnishings [7] - The situation has instigated widespread panic in the market, raising concerns about the viability of other real estate companies, which has led to a decline in stock and bond prices across the sector [7][8] Group 3 - For consumers who purchased Evergrande properties, invested in financial products, or held stocks, the situation represents a disaster, with potential for unfinished properties and significant financial losses [8] - The Evergrande incident serves as a warning for the industry, signaling the end of aggressive borrowing and rapid land acquisition strategies, as government policies tighten to enforce debt reduction and ensure project completion [8][9] - The narrative of Evergrande's rise and fall illustrates the fragility of a growth model built on debt, emphasizing that such prosperity is ultimately unsustainable [10]

Group 1 - China Evergrande Group will officially delist from the Hong Kong Stock Exchange on August 25, 2025, with the last trading day being August 22, 2025 [1] - The last trading price for China Evergrande's shares was set at 0.163 HKD, resulting in a market value of 2.15 billion HKD at the time of delisting [1] - China Evergrande was once the largest private real estate company listed in Hong Kong, reaching a peak market value of 414.4 billion HKD in October 2017 [1] Group 2 - The China Securities Regulatory Commission (CSRC) disclosed in March 2024 that Evergrande's 2019 and 2020 annual reports contained false records, inflating 2019 revenue by 213.99 billion CNY and 2020 revenue by 350.16 billion CNY [2] - In May 2024, the CSRC ordered Evergrande to correct its reports, issued a warning, and imposed a fine of 4.175 billion CNY [2] - As of July 28, 2024, China Evergrande had been suspended from trading for 18 months [2]

Core Viewpoint - China Evergrande Group has been delisted from the Hong Kong Stock Exchange due to its failure to meet the resumption guidelines set by the exchange, with trading suspended indefinitely until at least July 28, 2025 [1] Company Information - China Evergrande Group was established in December 2006 [1] - The company currently has 10 enforcement cases with a total amount exceeding 4.28 billion yuan, primarily related to financial loan contract disputes [1] - The enforcement courts include the Guangzhou Intermediate People's Court in Guangdong Province [1] - Additionally, the company has multiple consumption restriction orders and final rulings, with an unfulfilled total amount exceeding 10.8 billion yuan [1]

Core Viewpoint - China Evergrande's announcement on August 12, 2025, marked the end of its journey in the capital market, as the Hong Kong Stock Exchange decided to cancel its listing status due to failure to meet resumption requirements after more than 18 months of trading suspension [1][4][5]. Group 1: Market Impact and Investor Sentiment - The last trading day for Evergrande was set for August 22, 2025, with the official cancellation of its listing status on August 25, 2025 [4]. - Investors expressed despair in online forums, with some reporting losses of up to 500,000 yuan, and many feeling hopeless about recovering their investments [7][8]. - At its peak, Evergrande's market capitalization exceeded 400 billion HKD, but by January 29, 2024, prior to its suspension, the stock price plummeted to 0.163 HKD, resulting in a market cap of only 2.152 billion HKD, a decline of over 99% [9][12]. Group 2: Debt and Legal Issues - Evergrande is facing a massive debt crisis, with over 350 billion HKD (approximately 45 billion USD) in claims filed against it as of July 31, 2025 [25]. - The company is involved in 80 legal cases, with total amounts in dispute reaching 4.35 billion yuan [20][21]. - The liquidation process has revealed that only about 2 billion HKD (approximately 255 million USD) has been realized from asset sales, highlighting the severe liquidity issues [29][36]. Group 3: Asset Management and Recovery Efforts - The liquidators have taken control of over 100 companies within the group, with total asset values around 27 billion HKD (approximately 3.5 billion USD), but the actual realizable value remains uncertain [28]. - Evergrande's property management division is seen as a potential source of value, with efforts underway to find buyers for its assets [39][40]. - The complexity of Evergrande's corporate structure, with over 3,000 legal entities across various jurisdictions, complicates the asset recovery process [27][35]. Group 4: Personal Financial Matters of Executives - The financial status of Evergrande's founder, Xu Jiayin, and his ex-wife, Ding Yumei, remains unclear, with reports suggesting significant asset holdings in luxury properties in London [50][52]. - Ding Yumei has reportedly spent millions on properties while the company faces bankruptcy, raising questions about asset management and potential recovery for creditors [47][50].

Core Viewpoint - China Evergrande Group is set to delist from the Hong Kong Stock Exchange on August 25, 2025, marking the end of its 16-year listing journey, following a series of financial crises and regulatory issues that have raised significant concerns about the real estate industry [1][2][4]. Company Summary - The last trading day for China Evergrande's shares will be August 22, 2025, after which the company will officially lose its listing status [2]. - The company was listed in November 2009 and reached its peak in 2016 with a contract sales figure of 373.37 billion yuan, ranking first in the country [2]. - Evergrande's total assets exceeded 1 trillion yuan, and it was included in the Fortune Global 500 list [2]. - The company faced a debt crisis starting in 2021, with its first default on a dollar bond announced on December 3, 2021, leading to a series of financial troubles [2][3]. Industry Summary - The delisting of Evergrande is seen as a reflection of the broader issues within the real estate sector, particularly the consequences of high leverage and financial mismanagement [5][6]. - Analysts suggest that the delisting signals a tightening regulatory environment, indicating that other troubled real estate companies may face similar fates if they do not improve their financial standings [5][6]. - The situation has raised alarms about the potential for a wave of delistings among real estate firms that have been struggling with losses for an extended period [6]. - The ongoing debt issues have not only led to unfinished construction projects but have also significantly impacted the expectations for the real estate market and the broader Chinese economy [6].

全球主要股票指数 | 市场 | 名称 | 现价 | 涨跌 | 涨跌幅 | | --- | --- | --- | --- | --- | | 欧美 | 道琼斯工业平均 | 44458.61 | 483.52 | 1.10% | | | 纳斯达克 | 21681.9 | 296.5 | 1.39% | | | 标普500 | 6445.76 | 72.31 | 1.13% | | | 欧洲斯托克50 | 5335.97 | 4.12 | 0.08% | | | 英国富时100 | 9147.81 гг. | 1 118.1 | 0.20% | | | 法国CAC40 mahul | | 7753.A2.goguda 24.90 m | 0.71% | | | 德国DAX | 24024.78 | -56.56 | -0.23% | | | 俄罗斯RTS | 1174.23 | 2.15 | 0.18% | | TEH | 上证指数 | 3665.92 | 18.37 | 0.50% | | | 深证成指 | 11351.63 | 60.2 | 0.53% | | | 创业板指 | 2409.4 | 29.58 ...

8月12日晚间，在香港上市的中国恒大发布公告称，公司于2025年8月8日收到香港联交所发出的信 函，表示基于公司未能满足联交所对其施加的复牌指引中的任何要求，且股份一直暂停买卖并未于2025 年7月28日之前恢复买卖，香港联交所上市委员会根据相关上市规则，已决定取消公司的上市地位。 中国恒大股份上市的最后一天为2025年8月22日（即下周五），并将于2025年8月25日上午九时起取 消股份上市地位。公司无意就上市委员会作出取消上市地位的决定申请复核。 停牌长达18个月后，中国恒大集团终迎退市定局。 ...