Last Friday, China’s securities regulator formally announced it will impose a 4.18 billion yuan (US$577 million) fine on Evergrande’s onshore unit Hengda, citing fraudulent bond issuance and violations on information …
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 …