Shenyang city ups offer for Shengjing Bank to end its misery as a listed company
A local government entity is trying to privatize the lender, which is reeling from the aftermath of troubles surrounding its former owner, China Evergrande Group Key Takeaways: A government entity…
The state steps in to shield China Vanke from debt crunch
Default risks have receded at the embattled property developer after a state-backed support effort, but business recovery is still a long way off Key Takeaways: The head of the firm’s…
BRIEF: Guangzhou Court puts consumption restrictions on Evergrande and its chairman
Struggling property developer China Evergrande Group (3333.HK) announced on Tuesday that the Nansha District People's Court in the Southern Chinese city of Guangzhou imposed spending restrictions on the company and…
PODCAST: PwC Takes China Hit, and EV Battery Firm Finds New Life in India
PwC has received a record fine in China for lapses in its audits of failed developer Evergrande. Is this the end of the road for PwC in China? And EV battery system maker Octillion finds new life in India after its biggest China customer hits the skids. Is this the road to the future for Chinese EV component makers?
PwC looks for way forward in increasingly difficult China terrain
The Big Four accounting firm was hit with a record fine for its auditing work of Evergrande, whose failure cost investors billions of dollars Key Takeaways: China levied a record…
PODCAST: A Microchip Mega-Fund, and an Accounting Crisis
China has set up a $50 billion fund to support its microchip sector. Will the big bucks be enough to overcome U.S. sanctions? And a growing number of Chinese companies dump PwC as their auditor. Is the flight related to PwC's role as auditor for insolvent developer Evergrande?
CHINA BULLETIN: Manufacturing Déjà Vu
In this week’s issue European gloom, a new chip fund and foreign law firms flee Shanghai. On a scale of 1 to 100, we give the week a 45 for…
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