Hong Kong regulator to investigate PwC auditing of China Evergrande Group
Sat, Apr 20, 2024 2:05 PM

Hong Kong regulator to investigate PwC auditing of China Evergrande Group

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HONG KONG: Hong Kong's accounting regulator said it would start an investigation into PwC's role in auditing Chinese real estate giant Evergrande, citing the publication of a "whistle-blower report". Heavily indebted Evergrande has become a symbol of the years-long crisis in China's property market, and last month its onshore unit was accused of a $78 billion revenue overstatement.

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