Released on 20.09. 300 Shell buildings in Beijing. The worsening crisis of the Chinese real estate company Evergrande has led to heavy losses on the Hong Kong stock exchange. Photo: Soeren Stache Already heard? You can now also have your messages read out to you. Simply click on the play symbol in any article or add the article to your personal playlist using the plus symbol and listen to it later. Listen to the article: The downward trend never ends: After the start of trading, the Evergrande share breaks by another 14 percent and weighs such a deep minus on the Hong Kong Stock Exchange. Beijing (dpa) - The worsening crisis of the Chinese real estate company Evergrande led to heavy losses on the Hong Kong stock exchange on Monday. After the continued downward slide in the past few days and weeks, the Evergrande share collapsed by another 14 percent after the start of trading Other Chinese real estate and financial stocks were also deeply in the red as there were fears that the crisis could spread to other companies. The Hong Kong leading index lost almost four percent by noon. The markets in mainland China remained closed on Monday and Tuesday due to public holidays. Evergrande owes the equivalent of more than 300 billion US dollars (256 billion euros) accumulated. Experts see a payment default as becoming more and more likely. Multiple interest payments are due this week. Over the weekend, the ailing Chinese real estate giant offered investors to compensate them with real estate. The offer is therefore aimed at buyers of the company's asset management products. Evergrande also admitted misconduct by several high-ranking managers. Six executives illegally redeemed several of the company's investment products in advance. The company announced on Saturday that the matter is being taken very seriously. Most recently, rating agencies downgraded Evergrande's credit rating several times. Since the beginning of the year, the Group's share value has fallen by over 20 percent. "An insolvency of some kind seems likely," said the Fitch agency and downgraded Evergrande's creditworthiness. "We believe the credit risk is high," said the agency, referring to tight liquidity, declining sales, postponed payments to suppliers and construction companies.