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CHINA HUARONG
PwC China faces 6-mth business ban, large fine over Evergrande audit, sources sayChinese regulators are likely to impose a six-month business suspension for part of PricewaterhouseCoopers' auditing unit in mainland China...22 Aug, 2024, 03.41 PM IST- China dials up scrutiny of Big Four audit firms after Evergrande probe, sources sayChina's Ministry of Finance is intensifying checks on Big Four auditing firms like Deloitte, EY, PwC, KPMG for local companies. Focus on au...10 Jul, 2024, 03.44 PM IST
- Former banker in China sentenced to death for taking bribesFormer banker sentenced to death for accepting bribes at China Huarong International Holdings amid President Xi Jinping's anti-corruption d...29 May, 2024, 10.18 AM IST
- Moody's downgrades China's bad banksMoody's action is the latest alarm sounded over the property sector ills' spillover across the economy, despite Beijing's pledges for suppo...20 Jan, 2024, 12.51 AM IST
- China suspends Deloitte’s Beijing office over Huarong auditingChina suspended the operations of Deloitte & Touche LLP’s Beijing office for three months and fined the firm after a review of its work on ...17 Mar, 2023, 02.52 PM IST
- Some Chinese financiers cold shoulder Beijing's property rescue callWithout explicit financial backstop from Beijing, senior executives at some of the institutions are wary of engaging with cash-strapped dev...25 Aug, 2022, 02.11 PM IST
- China Huarong falls 50% as trading resumes after 9-month haltWednesday's share trading resumption follows Huarong's announcement in November that it would receive fresh capital worth 42 billion yuan (...05 Jan, 2022, 11.33 AM IST
- Alarmed by Evergrande, China's lenders hold back on new credit for property developers"The market is worried that real estate companies have a high concentration of cashflow problems, which would trigger large-scale bad debt ...24 Sep, 2021, 03.07 PM IST
- Inside the race to avert disaster at China’s biggest ‘bad bank’, the Huarong Asset Management CoHuarong Asset Management Co has been in full crisis mode ever since it delayed its 2020 earnings results, eroding investor confidence. Exec...24 May, 2021, 11.57 AM IST
- China shares end lower on Sino-US tensions; Shanghai Composite Index slips marginallyThe blue-chip CSI300 index fell 0.2 per cent to 5,089.24, while the Shanghai Composite Index shed 0.2 per cent to 3,465.11.22 Apr, 2021, 02.06 PM IST
- Former head of China's top asset management firm sentenced to death for graftThe court found that between 2008 and 2018, Lai took undue advantage of his various posts in the former China Banking Regulatory Commission...05 Jan, 2021, 07.20 PM IST
- Debt's so bad even China bankers call it a 'bubble'There has been an uptick in the number of voices worrying that the country's debt is out of control.06 Sep, 2017, 09.42 AM IST
- China getting serious about bad debtHybrid sales by finance companies had fallen 38% this year; credit analyst Nicholas Yap says banks raising capital to 'tackle higher loan i...06 Sep, 2016, 08.39 AM IST
- Hong Kong shares up on strong China market, fading US rate hike fearsThe Hang Seng index rose 1.2 per cent to 22,730.93 points, while the China Enterprises Index gained 1.3 per cent to 10,538.19 points.12 Oct, 2015, 03.07 PM IST
- Who shot down China bull? Regulator says hunt is on; Shanghai ends 6% down, slips 30% in 3 weeks; what experts sayChina's major stock index, SSE Composite Index plunged nearly 30% since June 12 including Friday's fall of 5.7 per cent.06 Jul, 2015, 10.10 AM IST
- Residential site sold for a record $1.39 billion in BeijingThe record was previously held by a commercial- residential site in Beijing's central Hua Jia Hutong that was sold to Beijing Huarong for 7...09 Jan, 2015, 10.27 AM IST
- China's overall trade touches USD 2.68 trillionChina's exports registered a huge 34.9 per cent rise in November to USD 153.33 billion in value terms, even as its trade surplus declined d...10 Dec, 2010, 02.36 PM IST
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