New Delhi Embattled Chinese property developer Evergrande suspended trading in Hong Kong on Monday as the heavily indebted company contends with an ongoing real estate crisis.
Evergrande said in a filing to the Hong Kong Stock Exchange that its trading halt was pending an"announcement containing inside information," though it did not elaborate. The company has about $300 billion in total liabilities, and analysts have worried for months about whether a collapse could trigger a wider crisis in China's property market, hurting homeowners and the broader financial system.
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