China Sentences Evergrande’s Founder Hui to Life for ‘Heinous’ Crime August 20, 2026 By Bloomberg News China Evergrande Group’s founder Hui Ka Yan has been sentenced to life in prison, bringing an end to one of...
Evergrande Liquidators Seek to Quash Regulator’s PwC HK Deal June 17, 2026 By Trista Xinyi Luo, Pearl Liu and Kiuyan Wong China Evergrande’s liquidators have asked a court to void a HK$1 billion ($127.6 million) shareholder compensation deal a regulator struck...
China Evergrande’s Liquidation Prompts Some PwC Partners to Weigh Shielding Assets June 11, 2026 By Trista Xinyi Luo, Pearl Liu and Kiuyan Wong The liquidation of China Evergrande Group, the collapsed property developer, is raising concerns among some partners at its former auditor...
Evergrande Liquidators Seek $8.4 Billion From PwC International in Hong Kong Court May 18, 2026 By Trista Xinyi Luo, Pearl Liu and Venus Feng China Evergrande’s liquidators are seeking 57 billion yuan ($8.4 billion) in their lawsuit against PricewaterhouseCoopers International Ltd. and its mainland...
PwC’s Hong Kong Unit Agrees to Pay $166M to Settle HK Evergrande Audit Probe April 23, 2026 By Kiuyan Wong and Trista Xinyi Luo PricewaterhouseCoopers LLP’s Hong Kong unit agreed to pay HK$1.3 billion ($166 million) in fines and compensation to settle investigations into...
China Financial Regulator to Raise Insurance Funds’ Limits for Stock Investment April 9, 2025 China’s financial regulator plans to raise limits for insurance funds’ investment in the stock market, as part of action taken...
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,...
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...