Evergrande: Shares in the crisis-hit Chinese Real Estate developer plunge by 80%

Shares in embattled Chinese property developer Evergrande have fallen almost 80% in their first day of trading in Hong Kong for a year and a half.

The shares have lost more than 99% of their value in the past three years as Beijing cracked down on property firms.

Evergrande is at the centre of a real estate market crisis threatening the world's second largest economy.

On Sunday, the firm posted a 33bn yuan ($4.5bn; £3.6bn) loss for the first six months of the year.

However, that was an improvement on the 66.4bn yuan loss it reported for the same period a year earlier.