China Aims to Boost Foreign Investment in Property Insurance Market December 6, 2024 China’s financial regulator unveiled a plan on Friday to enhance supervision and support the development of the property insurance industry,...
Natural Disasters Cost China $13 Billion in January-June October 22, 2024 By Liz Lee Natural disasters such as flooding, drought and extreme temperatures cost China 93.16 billion yuan ($12.83 billion) in the first half...
WTW Launches China Client Division With Yan Appointed as Division Leader September 25, 2024 Insurance broker WTW has launched a new China Client Division within Corporate Risk and Broking, North America (CRB NA), as...
PwC Probe Spotlight Shifts to Hong Kong After Record China Fine September 17, 2024 By Kiuyan Wong The focus of a lengthy probe into PricewaterhouseCoopers LLP’s China business now shifts to Hong Kong after the accounting firm...
PwC’s China Unit Suspended for 6 Months, Hit With Record Fine for Evergrande Audit September 13, 2024 By Julie Zhu and Xie Yu Chinese regulators on Friday hit PwC’s auditing unit in mainland China with a six-month business suspension and a record fine...
EY, KPMG Benefit Most From PwC China’s Regulatory Woes August 15, 2024 By Julie Zhu and Xie Yu Ernst & Young (EY) and KPMG have snapped up over half of PwC’s corporate clients in China that have fled...
China Evergrande Group’s Liquidators Start Legal Action Against PwC August 7, 2024 By Bloomberg News China Evergrande Group’s liquidators have launched court proceedings against PricewaterhouseCoopers LLP, another legal step to recover at least a fraction...
China Asks Large State Financial Institutions to Drop Auditor PwC, Sources Say August 5, 2024 Chinese regulators have in recent months asked several large state-owned clients of PricewaterhouseCoopers (PwC) to drop the auditor as it...
PwC Weighs Halving of China Financial Services Audit Staff, Sources Say July 16, 2024 By Julie Zhu PricewaterhouseCoopers (PwC) is considering slashing up to half its financial services auditing staff in China, two people with knowledge of...
PwC Starts Mass China Layoffs After Losing Dozens of Clients July 10, 2024 By Bloomberg News PricewaterhouseCoopers LLP is cutting staff across its China operations, according to people familiar with the matter, after an exodus of...