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Tag: China Evergrande Group

China dials up scrutiny of Big Four audit firms after Evergrande probe, sources say

Posted on July 11, 2024 By admin
China dials up scrutiny of Big Four audit firms after Evergrande probe, sources say

The China Evergrande Centre building sign is seen in Hong Kong. File photo | Photo Credit: REUTERS China’s Ministry of Finance is conducting more rigorous checks of work done by the Big Four auditing firms for local companies, three people with knowledge of the matter said, amid concerns auditors are not doing enough to uncover…

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Chinese police detain wealth management staff at the heavily indebted developer Evergrande

Posted on September 17, 2023 By admin
Chinese police detain wealth management staff at the heavily indebted developer Evergrande

Evergrande is the world’s most heavily indebted real estate developer, at the center of a property market crisis that is dragging on China’s economic growth. File | Photo Credit: AP The police in a southern Chinese city said they have detained some staff at China Evergrande Group’s wealth management unit in the latest trouble for…

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