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Evergrande Crisis
Heavily indebted China Evergrande Group, one of the country’s largest property developers, is suffering a liquidity crisis after years of running a highly leveraged business. The company’s troubles have already started to reverberate through China’s economy and markets around the world.
In Depth: How Evergrande’s Founder Played the Capital Markets
Hui Ka Yan had a knack for creating hype that drove the debt-ridden developer to a stratospheric valuation, allowing it to borrow ever larger amounts
HKEX Shareholders Back KPMG as Auditor, Ousting PwC After Evergrande Fallout
Audit change underscores mounting pressure on PwC Hong Kong following regulatory penalties and client departures
CX Daily: PwC’s Evergrande Crisis Deepens With Record Hong Kong Settlement and Criminal Probes
China Evergrande Group’s financial fraud has caught up with PricewaterhouseCoopers in Hong Kong, dealing an unprecedented blow to the accounting giant and deepening an accountability crisis that threatens its future in the region
In Depth: PwC’s Evergrande Crisis Deepens With Record Hong Kong Settlement and Criminal Probes
The accounting giant faces a HK$1 billion investor-compensation fund, a separate HK$300 million fine and mounting scrutiny of partners tied to the developer’s audits
CX Daily: China’s Power-Equipment Makers Ride AI Infrastructure Boom
Surging global demand for data centers has been a boon for Chinese manufacturers, but barriers in some markets continue to limit their reach
PwC Hong Kong to Compensate Evergrande Shareholders in Unprecedented Settlement
Landmark deal marks first time an auditor compensates investors directly as regulators intensify scrutiny
CX Daily: China’s Baijiu Giants Rethink Growth as Earnings Pressure Mounts
Leading distillers target younger consumers, restructure channels and expand online sales to offset weakening demand of the fiery liquor
Evergrande Liquidators in Talks to Sell Property Management Arm to State-Owned Firm
The potential sale of a controlling stake in the unit to Guangdong Provincial Tourism underscores ongoing state-led efforts to unwind the world’s most indebted developer
Weekly Must-Read: Six Things to Know About China’s Fiscal Plan to Reignite the Economy
Policymakers aim to make fiscal policy do more of the heavy lifting to boost sluggish domestic demand, employing a mix of interest subsidies, financing guarantees and risk-compensation tools
CX Daily: China Banks Split as Margins Squeeze and Retail Risks Rise
‘Big Six’ state lenders outperformed smaller peers in 2025, as weak credit demand and intensifying competition continued to weigh on loan yields
Former ICBC Shenzhen Executive Probed Amid Guangdong Graft Sweep
Investigation into former Shenzhen banker Yao Yuping may be tied to financing linked to Evergrande supplier Bauing
Evergrande’s EV Bankruptcies Leave Over $2 Billion in Debt
The collapse of all three of the property developer’s main auto manufacturing bases marks the end of founder Hui Ka Yan’s costly dream to make electric vehicles part of his empire
CX Daily: BASF’s New Chemical Plant Highlights China’s Strengths Amid Global Turmoil
BASF’s new $10 billion complex shows how multinationals are increasingly relying on China to weather geopolitical shocks
China Evergrande Founder Pleads Guilty in Landmark Trial Over Property Collapse
Guilty plea by Hui Ka Yan marks a key moment in legal proceedings against the embattled developer and its executives
China Hits Domestic Auditor With Record Penalty Over Fraud Case
Firm also suspended from business for one year
Weekly Must-Read: Energy Shockwaves From U.S.-Iran War Hit Global Economy
Strait of Hormuz disruption drives oil higher, fractures supply chains and leaves Asia and Europe exposed
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