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16 Apr China Evergrande: PwC refutes letter claiming fraud tied to indebted developer, vows to investigate ‘fabricated’ claims

Posted at 07:34h in Asia

PricewaterhouseCoopers (PwC) has refuted a letter alleging that its partners were involved in auditing fraud tied to bankrupt Chinese developer China Evergrande Group and said it has taken measures to investigate the origins of the “false information”.The anonymous letter, titled “Who dragged PwC into the...

19 Mar What’s next for Hui Ka-yan after China slapped Evergrande with a 4.2 billion yuan fine and banned him from the markets for life?

Posted at 02:55h in Asia

China’s securities regulator slapped a fine on one of the country’s largest property developers and barred its founder from accessing the capital markets for life, after accusing China Evergrande Group of fraud.Evergrande must pay a fine of almost 4.2 billion yuan (US$583.4 million), according to...

04 Mar Chinese insurers sound the alarm over Vanke debt risks after property giant’s bonds, shares tumble on repayment concerns

Posted at 12:25h in Asia

Some of China’s largest insurers are sounding the alarm over the debt risks of China Vanke, according to people familiar with the matter, as shares and bonds of the firm – a major property developer – hit record lows on repayment concerns.At least two Beijing-based...

29 Jan What does Evergrande’s liquidation order mean for China’s property sector? Why is the market cheering?

Posted at 22:00h in Asia

The winding-up order to the Guangzhou-based developer, however, still faces cross-jurisdictional challenges as most of the company’s assets are located in mainland China.Escalators are seen in an abandoned Evergrande commercial complex in Beijing on January 29, 2024. A Hong Kong court on January 29 ordered...

China Evergrande Group Tag

19 Mar What’s next for Hui Ka-yan after China slapped Evergrande with a 4.2 billion yuan fine and banned him from the markets for life?

04 Mar Chinese insurers sound the alarm over Vanke debt risks after property giant’s bonds, shares tumble on repayment concerns

29 Jan What does Evergrande’s liquidation order mean for China’s property sector? Why is the market cheering?

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