Released on 04.10. 2021 People at an electronic board of a bank that displays the stock index on the Hong Kong Stock Exchange in Hong Kong. Photo: Vincent Yu 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 Chinese real estate giant is with more than 300 Billions of dollars in debt. Rating agencies warn of insolvency. Evergrande urgently needs to raise money. Hong Kong (dpa) - The trading of shares of the hard hit Chinese real estate giant Evergrande and its property management on the Hong Kong stock exchange has been suspended. The Hong Kong stock exchange named one reason not in their communication. It is the first time in the recent liquidity crisis of more than 258 billion US dollars (258 billion euros) indebted company that trading in its shares has been suspended. As the Chinese online News service Cailian reported, referring to informed circles, that the Chinese real estate company Hopson wants a majority in the property management arm with 51 percent Evergrande Property Services for more than 10 billion Hong Kong dollars (equivalent to 4.4 billion euros). The Cailian service is owned by the state-run Chinese newspaper Securities Times. Hopson's shares were exposed to trading, similar to those of Evergrande Group (EVG) and Evergrande Property Services. Against the background of financial difficulties, the shares of the Evergrande Group have already fallen by around 80 percent this year. Evergrande is considered the world's most heavily indebted real estate company. The corporation has to raise money to pay banks, suppliers and bondholders on time. In addition, Evergrande owes retail investors, including many employees, billions of dollars. The company is so big that some experts fear a \u201crisk of contagion\u201d for the Chinese economy and beyond , 3 billion euros) to get some breathing space. According to press reports, the leadership in Beijing is said to have asked local governments to prepare for the economic and social consequences of a possible bankruptcy of the group. According to the Wall Street Journal, waiting across the country around 1.4 million buyers on the construction or completion of Evergrande apartments. The Chinese government is reluctant to come to the aid of the real estate giant. Actually, she wants to bring order to the highly speculative and booming real estate market in China and could want to make an example with Evergrande.