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.

Evergrande's creditors are still working to wind up debts that amounted to more than $340 billion. Once China's second-largest developer, it ran into trouble when Chinese regulators cracked down several years ago on what they deemed to be excess borrowing by developers.

That caused dozens of property companies to default on their debts, triggering a downturn in the property market that is still dragging on the world's second-largest economy.

Here's what to know about Evergrande:

The delisting of a one-time leader in China's property market

The Hong Kong Ex

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