this post was submitted on 25 Aug 2025
133 points (100.0% liked)

World News

51558 readers
2002 users here now

A community for discussing events around the World

Rules:

Similarly, if you see posts along these lines, do not engage. Report them, block them, and live a happier life than they do. We see too many slapfights that boil down to "Mom! He's bugging me!" and "I'm not touching you!" Going forward, slapfights will result in removed comments and temp bans to cool off.

We ask that the users report any comment or post that violate the rules, to use critical thinking when reading, posting or commenting. Users that post off-topic spam, advocate violence, have multiple comments or posts removed, weaponize reports or violate the code of conduct will be banned.

All posts and comments will be reviewed on a case-by-case basis. This means that some content that violates the rules may be allowed, while other content that does not violate the rules may be removed. The moderators retain the right to remove any content and ban users.


Lemmy World Partners

News !news@lemmy.world

Politics !politics@lemmy.world

World Politics !globalpolitics@lemmy.world


Recommendations

For Firefox users, there is media bias / propaganda / fact check plugin.

https://addons.mozilla.org/en-US/firefox/addon/media-bias-fact-check/

founded 2 years ago
MODERATORS
 

Chinese property giant Evergrande's shares were taken off the Hong Kong stock market on Monday after more than a decade and a half of trading.

It marks a grim milestone for what was once China's biggest real estate firm, with a stock market valuation of more than $50bn (£37.1bn). That was before its spectacular collapse under the weight of the huge debts that had powered its meteoric rise.

Experts say the delisting was both inevitable and final.

you are viewing a single comment's thread
view the rest of the comments
[–] wewbull@feddit.uk 43 points 4 months ago (9 children)

This should be huge news, but I expect you'll barely see a ripple. A company with $45b in debt is being foreclosed on. This should have all kinds of knock on effects.

  • Banks in severe trouble because they won't get their loans repaid.
  • Property development industry slowdown.
  • A significant hole in China's GDP.

However I fully expect it to just disappear.

[–] Buffalox@lemmy.world 17 points 4 months ago* (last edited 4 months ago) (1 children)

Trading in Evergreen was closed already 1½ year ago, when the company entered liquidation.
So the delisting was inevitable and is not really significant.

Hong Kong High Court ordered the company to be wound up in January 2024.
Evergrande's shares had been under threat of delisting ever since because they were suspended from trading after the court order.

Wound up means liquidation.

But yes people and banks have absolutely lost money on this, but the ripple effect started already before the liquidation, it's been going on for at least 2 years now.
But for a country of 1.3 billion people, $45 billion is only $35 per capita, so not something that will likely destroy an economy as big as Chinas.

[–] HubertManne@piefed.social 2 points 4 months ago

thanks. my first thought was that this had basically already happened.

load more comments (7 replies)