Setting a new record for the highest loss among Chinese companies, China Evergrande officially delisted today and was included in the list of "delisted securities"

After more than 18 months of trading suspension, China Evergrande’s delisting has finally settled. August 25,In the Hong Kong Stock Exchange's disclosure transaction, China Evergrande (03333.HK) can no longer be searched in the "existing listed securities" type, and the company has been officially included in the "delisted securities". This means that China Evergrande will officially announce its delisting from today.

On August 20, the Hong Kong Stock Exchange announced that starting from 9:00 a.m. on August 25, 2025, China Evergrande’s listing status will be canceled in accordance with Rule 6.01A(1) of the Listing Rules.

On the evening of August 12th, China Evergrande announced that the company would delist from the Hong Kong Stock Exchange on August 25th.

Public information display,China Evergrande Group is deeply involved in a debt crisis of more than 2.4 trillion yuan. Founder Xu Jiayin and many senior executives have been held accountable for financial fraud and misappropriation of funds, and the liquidation process is still advancing.

It is understood that China Evergrande Group was listed on the Hong Kong Stock Exchange in November 2009, becoming the largest mainland private real estate company listed in Hong Kong. In 2017, its market value was as high as HK$370 billion.

In 2023, China Evergrande disclosed operating data for the 2021 and 2022 financial years, with a total loss of more than 800 billion yuan, setting a new record for the highest loss among Chinese companies. On January 29, 2024, the High Court of Hong Kong, China issued a liquidation order against China Evergrande.

China Evergrande has been suspended from trading since 10:18 am on January 29, 2024. As of July 28 this year, it has been suspended for 18 consecutive months. According to the "quick delisting" mechanism in the listing rules of the Hong Kong Stock Exchange, if the securities of a main board company are suspended for 18 consecutive months, the Hong Kong Stock Exchange can cancel the listing status of the relevant company.

At its peak, in 2017, the market value of China Evergrande was approximately HK$400 billion. In 2021, China Evergrande's liquidity problem completely broke out, and the stock price continued to fall, from HK$14 per share.

As of the suspension, China Evergrande was reduced to a "penny stock" at HK$0.163 per share, with a total market value of only HK$2.152 billion.

Public information shows that in September 2023, Xu Jiayin, chairman of the board of directors of China Evergrande, was suspected of illegal crimes and was subject to compulsory measures in accordance with the law. In May 2024, the China Securities Regulatory Commission made an administrative penalty decision on Evergrande Real Estate's fraudulent issuance of bonds and illegal information disclosure in accordance with the law.

The China Securities Regulatory Commission found that between 2019 and 2020, Evergrande Real Estate inflated revenue by more than 560 billion yuan and profits by more than 90 billion yuan by recognizing revenue in advance, resulting in fraudulent issuance of bonds in the exchange market, and the relevant annual reports disclosed contained false records. Xu Jiayin, the then chairman and actual controller of Evergrande Real Estate, was imposed a maximum fine of 47 million yuan and was banned from the securities market for life. At the same time, many former executives of China Evergrande were warned and fined by the China Securities Regulatory Commission for suspected financial fraud and fraudulent issuance of corporate bonds.