State-owned China Cinda Asset Management has become the latest major company to terminate its contract with PwC, after at least five big firms recently cut ties with the auditor amid …
Shenzhen-listed conglomerate China Merchants Port Group has joined at least four other large corporations that have terminated contracts with auditing firm PricewaterhouseCoopers (PwC) in the last month amid concerns around …
The carmaking unit of troubled property giant China Evergrande has been asked by China’s local governments to return 1.9 billion yuan (US$267.7 million) of subsidies after the company failed to …
The governor of China’s central bank talked up the country’s property market and the resilience of its financial system on Monday, as the debt pressures weighing on a leading developer …
China Evergrande Group stood by audited annual reports from 2021, rejecting claims by financial analysts that changes to its accounting methodology suggested the debt-laden property developer was “never profitable” in …
Chinese authorities arrested a key executive from the troubled China Evergrande Group for unspecified crimes, more than three months after detaining the group founder Hui Ka-yan, presenting another major hurdle …
Meanwhile, the clamour for overseas assets is creating a different kind of pricing pressure in some overseas markets. Visitors at the LPS Shanghai, a luxury real estate show on December …
An ad hoc group of creditors of China Evergrande’s offshore unit has said it supports the management’s efforts to keep the embattled Chinese developer operational, ahead of a key court …
China Evergrande, which is the world’s most heavily indebted property developer and became the poster child for China’s property crisis, on Thursday filed for protection from creditors in a US …