China Weighs Record Fine for PwC Over Evergrande Audit Work May 30, 2024 By Bloomberg News China is poised to impose a record fine on PricewaterhouseCoopers LLP and suspend some of the global auditor’s local operations...
PwC Lost Five China Clients After Evergrande-Linked Probe May 29, 2024 By Xinyi Luo PricewaterhouseCoopers LLP lost five Chinese clients in May alone, adding to a list of more than a dozen firms its...
China Scrutinizes PwC Role in $78 Billion Evergrande Fraud Case March 22, 2024 By Bloomberg News Chinese authorities are examining the role of PricewaterhouseCoopers LLP in China Evergrande Group’s accounting practices after the developer was accused...
China Evergrande’s Alleged $78 Billion Fraud Is Among World’s Worst March 19, 2024 By Bloomberg News China Evergrande Group’s alleged $78 billion revenue overstatement escalates the legal peril of founder Hui Ka Yan, who now stands...
Ping An Loses $3.1 Billion in Value on Country Garden Buy Report November 9, 2023 By Bloomberg News A report that Chinese authorities asked Ping An Insurance Group Co. to rescue Country Garden Holdings Co. sent the insurer’s...
China’s Ping An Sold Stake in Country Garden, Has No Plans to Buy the Troubled Firm November 8, 2023 By Bloomberg News Ping An Insurance (Group) Co. said it doesn’t hold any shares in Country Garden Holdings Co. and has no plans...
Chinese Police Detain Staff of Evergrande Unit as Property Crisis Enters New Phase September 18, 2023 By Bloomberg News Authorities detained some staff of the money management business of China Evergrande Group, a sign that the saga around the...
Ex-Chairman of Top China Insurer Given Suspended Death Sentence September 13, 2023 By Bloomberg News China sentenced the former head of the nation’s largest life insurer to death with a two-year reprieve, as President Xi...
What’s Next for Ant Group After its Nearly $1B Fine? July 11, 2023 The announcement of a nearly $1 billion fine by Chinese regulators on Ant Group has drawn a line under the...
Update: China Ends Ant Group’s Regulatory Revamp With Fine of $984M July 7, 2023 By Julie Zhu and Jane Xu Chinese authorities announced on Friday a 7.12 billion yuan ($984 million) fine for Ant Group, ending a years-long regulatory overhaul...