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Evergrande's $50 billion rise and fall leaves scars on China's property sector
CNBC· 2025-08-25 10:42
An Evergrande commercial complex in Beijing on Jan. 29, 2024.Greg Baker | Afp | Getty ImagesChina Evergrande Group was delisted from the Hong Kong Stock Exchange on Monday — an ignominious exit for the former high-flying developer that once epitomized Beijing's economic rise and later came to symbolize the country's property bust.Following its listing in 2009, Evergrande had become one of China's hottest stocks, with the company's market cap peaked at $51 billion in 2017. Trading in the company's shares had ...