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EVERGRANDE PROBE
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
Mass layoffs at PwC after exodus of clients in ChinaPricewaterhouseCoopers LLP is reducing staff in China due to declining revenue prospects and client exodus. Over 100 employees across Beiji...
10 Jul, 2024, 01.33 PM IST
PwC names new China head amid regulatory scrutinyPwC said in a statement to Reuters on Wednesday that Shanghai-based Li assumed the role of chairman of PwC China and Asia Pacific with effe...
03 Jul, 2024, 04.17 PM IST
Evergrande liquidation law firm probing PwC, others for potential claimsLawyers for China Evergrande Group's liquidators are investigating its former auditor, PwC, and other service providers to recover losses f...
14 Jun, 2024, 01.35 PM IST
China investors face huge losses over ZhongzhiSun Jianbo, founder of Beijing-based asset manager China Vision Capital, said soured assets are typically sold with a 70% discount. That me...
28 Nov, 2023, 06.17 AM IST
IMF lowers China 2023 economic growth forecast to 5.0%The International Monetary Fund (IMF) has revised down its economic growth forecast for China in 2023 to 5.0% from 5.2%. The IMF attributed...
11 Oct, 2023, 01.09 PM IST
Worsening crisis at Evergrande, world's most indebted developerThe chairman of China Evergrande Group, the world's most indebted property developer, has been placed under police surveillance, raising fu...
27 Sep, 2023, 06.34 PM IST
Inside the downfall of embattled property developer China EvergrandeFor two decades, starting in the mid-1990s, this approach was enormously lucrative as Chinese home prices soared. It transformed Hui, a for...
31 Aug, 2023, 03.55 PM IST
China: A year in review and previewIt is understandable why China is attempting a zero-cases policy, since domestic vaccines are not effective against emerging variants like ...
27 Dec, 2021, 04.46 PM IST
The world’s billionaire factory shudders as China cracks downBeijing’s motivations for the crackdown are varied. These include concerns about anti-competitive behaviour in the tech industry, risks to ...
11 Jul, 2021, 01.54 PM IST
Surprise defaults may slow global stampede into China bondsState-owned miner Yongcheng Coal and Electricity Holding Group surprised investors and sparked a regulatory probe by defaulting this week o...
13 Nov, 2020, 07.19 PM IST
Modi's speech shows he has accepted defeat: MayawatiBSP Chief Mayawati said yesterday's Lucknow speech showed that PM Modi had accepted defeat and that his party was not coming to power in UP.
03 Jan, 2017, 05.35 PM IST