Trading in shares of property developer China Evergrande suspended in Hong Kong

The suspension marks the latest problem for the heavily indebted developer (AP)

Trading in shares of the heavily indebted Chinese property developer China Evergrande Group has been suspended in Hong Kong, according to a notice on the Hong Kong stock exchange.

The suspension comes after Bloomberg News reported that the chairman of Evergrande, Hui Ka Yan, had been detained earlier this month and placed under police watch.