China's debt-ridden Evergrande real estate group suspended trading on the Hong Kong Stock Exchange again on Monday without explanation.

Chinese media echoed a document from the local government of Danzhou, on the southern island of Hainan, that ordered Evergrande to demolish 39 buildings within ten days because the project violated "urban and rural planning laws," although so far the real estate group has not commented on the matter.

According to the Chinese portal Sina, quoted by Lusa, on December 31, in an end-of-year message to the group's employees, its chairman and founder Xu Jiayin announced that the resumption rate of the conglomerate's real estate projects had reached 91.7%, while promising a "bright future" for the company.

Meanwhile, last month, the debt rating agency Fitch had declared Evergrande in liquidation for failing to pay amounts due to its bondholders.

The rating agency then also cited "uncertainty" about the situation of the group, which had recently set up a "risk control group."

After the group was created, the central bank and banking and stock market regulators sent messages of assurance that the risk of contagion from the Evergrande crisis was "manageable."

Also, on December 26, the real estate company had promised that the number of homes delivered to buyers would reach 39,000 in December, more than in the previous three months.

In late 2021, some commentators noted that the Communist Party of China had toned down its language on real estate, which was interpreted as a possible easing of Beijing's restrictions on access to bank financing for the most indebted developers.

Evergrande has accumulated liabilities of over $300 billion and by 2021 its shares lost 89% of their value.