Market Views: Can China’s property sector reclaim its role as an economic pillar?
Fallen developer Evergrande’s Hong Kong delisting casts a spotlight on China’s property crisis and raises fresh questions about the battered sector's future role in the world's number two economy.
China Evergrande Group, once the towering symbol of the country’s real estate boom, has been delisted from the Hong Kong Stock Exchange after an 18-month trading suspension. The move marks a dramatic end to a saga that began with Evergrande’s meteoric rise and culminated in one of the largest debt defaults in Asia’s corporate history.
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