<h1>Real estate developer with $300B debt delisted after liquidation, fines, and executive bans under financial rules</h1> A heavily indebted real estate developer will be delisted from the Hong Kong stock exchange after trading in its shares was suspended for over 18 months following a court-ordered liquidation due to failure to present a viable debt restructuring plan. The company, burdened with approximately USD 300 billion in debt, will cease trading on August 22 and will not seek a review of the delisting decision. This follows regulatory crackdowns on excessive borrowing in the property sector, which led to widespread defaults and a prolonged industry downturn impacting the broader economy. The developer's subsidiary was fined over USD 580 million for financial record falsification, and key executives faced penalties including lifetime bans from securities markets. Additionally, the auditing firm involved was sanctioned and fined for its role in the company's collapse. The developer's shares will remain valid but untradeable post-delisting.