Evergrande has become the most visible face of the deep liquidity crisis that has been affecting China's real estate sector in recent years. The company led the market until, starting in 2021, its serious financial problems began to come to light.
A large debt that, like a snowball, grew until it led the company to liquidation, decreed this Monday by the Hong Kong court. Evergrande had already lost more than 90% of its stock market value when it suspended trading in March.