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.

China's embattled property sector took a major blow after China Evergrande, one of its flagship developers, was ejected from the Hong Kong stock exchange.

Evergrande was once China's biggest property developer [AFP via ] Chinese property giant Evergrande's shares were taken off the Hong Kong stock market on Monday after