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Hong Kong regulator to investigate PwC auditing of Evergrande
Digital Journal· 4 days agoHeavily indebted Evergrande has become a symbol of the years-long crisis in China’s property market,...
Vietnam’s ‘blazing furnace’ sees real estate mogul sentenced to death for $12 billion fraud. It’s...
Fortune via Yahoo Finance· 2 weeks agoThe CEO was arrested last September on suspicion of financial crimes, Evergrande said in a filing to...
China's economy in meltdown as debt hits £442bn and there's four big problems
Daily Express· 2 weeks agoRecent developments have underscored the fragility of China's property market, with major developers...
PwC refutes China Evergrande fraud allegations made in anonymous letter
South China Morning Post· 1 week agoThe letter claims that the firm’s “auditing failure” with regards to Evergrande was tied to senior...
How PwC got burned by China’s big property bust
The Telegraph via Yahoo Finance· 3 days agoIn an eerie, unfinished village of pink and blue fairytale houses in Eastern China, billboards can be found advertising Evergrande’s once ambitious plans...
Hong Kong accounting watchdog to investigate PwC over Evergrande audits
South China Morning Post· 4 days agoIn cases where firms or individuals have committed misconduct or violated the Accounting and Financial Reporting Council Ordinance, the AFRC said it “will not hesitate to ...
Country Garden seeks extension to three onshore bond payments amid cash crunch
South China Morning Post· 7 days agoNew home prices have weakened every month since May 2023 across major cities, a government report...
PwC to investigate ‘false allegations’ over collapse of Chinese property titan
The Telegraph via Yahoo Finance· 1 week agoPwC is planning to investigate an anonymous letter containing “false allegations” over how the firm...
News Highlights: Top Financial Services News of the Day - Tuesday at 4 PM ET
Morningstar· 1 week agoInvestment Banking Bounceback Powers Big U.S. Lenders Top U.S. banks, including Bank of America, JPMorgan and Goldman, posted better-than-expected earnings thanks to strong consumer spending and a flurry of Wall Street activity. Powell Dials
Ping An Trust delays repayment, citing China property market woes
Reuters via Yahoo Finance· 2 weeks agoBEIJING (Reuters) -A subsidiary of China's Ping An Insurance failed to repay a roughly $107 million...