Core Viewpoint - The real estate sector is experiencing a significant rally, with major stocks seeing substantial gains due to favorable market policies, while China Evergrande, once a leading player, has been delisted following a prolonged suspension of trading [3][4]. Group 1: Real Estate Market Performance - On August 25, 2025, major real estate stocks in both A-shares and H-shares saw significant increases, with companies like Vanke A and China Vanke rising over 9% [3]. - Other notable performers included Shum Yip Group and Longfor Group, which also experienced gains exceeding 5% [3]. Group 2: China Evergrande's Delisting - China Evergrande's listing status was officially canceled on August 25, 2025, after being suspended from trading for over 18 months [4][5]. - The company had been a major player in the market, achieving a market capitalization of over 70 billion HKD at its peak [5]. - The delisting was a result of the company failing to resume trading by the deadline set by the Hong Kong Stock Exchange [5][6]. Group 3: Financial Troubles and Liquidation - Evergrande reported staggering losses exceeding 800 billion CNY for the years 2021 and 2022, marking the highest recorded losses for a Chinese company [8]. - The company has been under investigation for financial misconduct, including premature revenue recognition, leading to a prolonged debt restructuring process [9]. - As of July 31, 2025, the liquidators had received claims totaling approximately 350 billion HKD (about 45 billion USD) from creditors [10].
地产股久违普涨，中国恒大落寞退场