Shares in China Evergrande were removed from the Hong Kong Stock Exchange on Monday, marking another step in the retreat of the giant real estate developer whose downfall contributed to a prolonged crisis in China's property market.

Chinese property giant Evergrande was removed from the Hong Kong Stock Exchange on Monday, more than a year after the city's court ordered the indebted real estate developer to be liquidated.

Shares in heavily indebted China Evergrande Group have been taken off the Hong Kong Stock Exchange, capping a grim reversal of fortune for the once-booming property developer.