Staff at PwC's Chinese unit face a 6-month business suspension and a large fine for alleged deficiencies in audits of China Evergrande's accounts, sources have said

Bank of China joins at least another 50 Chinese firms who have either dropped PwC or cancelled plans to hire the firm

Shenzhen developer has been seeking to restructure its $12bn offshore debt since late 2021; bondholders will swap debt for notes and shares in the company, it said

Economists say major intervention is needed if the country is to meet its 5% growth goal this year as speculation rises that Beijing will do more to boost consumption

Clouds over the political outlook could hit policies like the 'digital wallet' and plans for legalized casinos, but the caretaker government claims the budget will not be delayed

Shares of the New Energy Vehicle arm have dropped nearly 40% so far this year despite numerous efforts to salvage its fortunes

Regulators at the Ministry of Finance have offered verbal advice to big state-owned financial institutions to ditch the 'Big Four' auditor since at least April, sources say

Sentiment remains gloomy among manufacturers as domestic demand is increasingly under siege and external pressures from trade tensions loom large

Hong Kong court on Monday gives giant debt-laden conglomerate nearly six months to  finalise a rejig of its offshore debt, while Evergrande's EV unit may also face bankruptcy proceedings

Beijing faces a credibility deficit on its 'old' policy agenda and will need to act with urgency if it wants to lift business and consumer sentiment, economists say

More than 30 listed Chinese firms have dropped PwC as their auditor in recent months amid a probe by Beijing into its practices

Notes from the plenum had no details on how Beijing plans to reach its goals, such as getting consumers to spend more when resources go mainly to producers and infrastructure