Evergrande's board recommended the resignation of PwC after the two firms couldn't "agree on the timetable and the scope of work in respect of the assessment on the group's going concern basis."
CX Daily: SPACs Appear to Lose Shine in Singapore and Hong Kong - China’s top envoy in the U.S. urges Washington to refrain from further inflaming tensions over Taiwan.
Shares of some of China’s largest property developers are now considered “almost worthless” by a mutual fund that holds the assets. An exchange-traded fund run by HuaAn Fund Management Co. has assigned a value of HK$0.01 for each share of China Evergrande Group and Evergrande Property Services Group Ltd. in…