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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
China Evergrande Liquidators Sue PwC for $8.4 Billion Over Audit Work
Case could test liability boundaries for global audit networks
In Depth: How the Gree Windfall Got Squandered
After the southern Chinese city of Zhuhai sold its economy’s crown jewel, the state-capital binge that followed produced immense debt, a string of troubled acquisitions and a retreat from the promise of a new industrial era
CX Daily: How Some Chinese Banks Ended Up in a Property Purgatory
Amid the property slump, many lenders have found themselves saddled with distressed assets almost no one wants
State-Linked Property Deals Tied to Evergrande Face Scrutiny
Sources say former Citic Land Chairman Hu Donghai was taken away by authorities in a case that could involve projects later sold to Evergrande
Analysis: Why China’s Rating Agencies Can’t Stop Inflating Grades
Regulators are pushing to tighten oversight, but without a functioning high-yield market, investment-grade ratings remain a financing necessity
CX Daily: When AI Spends, Card Networks Scramble to Keep Payments Safe
Artificial intelligence (AI) is no longer limited to answering questions — it is ordering bubble tea, booking flights and buying insurance. As AI agents increasingly act as autonomous personal shoppers, the volume and value of the transactions they execute are surging
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
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