Shares in crisis-hit Chinese property giant Evergrande have been suspended in Hong Kong amid reports its chairman has been placed under police surveillance.

It follows reports earlier this week that other current and former executives had also been detained.

Thursday’s market statement did not give a reason for the trading halt.

But it marks another low for the heavily indebted property giant which defaulted in 2021, triggering China’s current real estate market crisis.

In August, the firm filed for bankruptcy in New York, in a bid to protect its US assets as it worked on a multi-billion dollar deal with creditors.

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-5 points
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If you’re poor sure, but not CEOs for white collar crime

Bernie Madoff was out and about until convicted

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11 points

Is that supposed to be a good thing?

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-1 points

Yes, innocent until proven guilty

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2 points

He literally turned himself in and admitted to his crimes before then

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