China urges PwC’s global chair to strictly abide by rules and regulations after Evergrande debacle

Quick Summary:

China’s vice-finance minister met PwC’s chief in Beijing following a hefty fine and suspension handed to the firm’s mainland unit over auditing failures at Evergrande.

PwC Zhong Tian was also banned from operating for six months and the registration of its branch in Guangzhou was revoked, where Evergrande is based.

Guo said that Beijing continues to focus on creating a market-oriented, legal and business environment on par with international standards.

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Article Details

Author / Journalist: Mia Castagnone

Category: Business

Markets: Hong KongChina

Topics: Months Minister Global China’s Statement Vice-finance Unit Fine Accounting Beijing Chair

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-09-30 @ 19:57:26 (4 hours ago)

News Timezone: GMT +8:00

News Source URL: scmp.com

Language: English

Article Length: 190 words

Reading Time: 2 minutes read

Sentences: 6 lines

Sentence Length: 32 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © SCMP

News ID: 22788721

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