Last month, China announced "historic" steps to stabilise the sector, with the central bank easing mortgage rules and facilitating $140 billion in extra funding

The world's most indebted property developer was ordered to be liquidated early this year after a failed restructuring plan

China’s property sector and weak consumer demand continue to drag on its economy, despite a bounce-back in industrial output

Beijing unveiled a number of 'historic' steps to stabilise its crisis-hit real estate market which include state-owned firms buying homes

Home sales fell in 19 of 22 surveyed cities during the five-day May Day, falling more than 60% in the mega cities of Guangzhou and Shanghai

PricewaterhouseCoopers, one of the Big Four auditors, had been Evergrande’s auditor since 2009, when the developer listed in Hong Kong

The ailing real estate giant is being sued over its failure to repay a loan to state-backed China Construction Bank (Asia) amid a controversial debt restructure

Banks have been reluctant to deepen their exposure to the ailing real estate sector but regulators are pushing for speedier new loan approvals to developers

The creditors’ opposition to the proposal could be a major problem for the ailing property giant and China’s crisis-hit real estate sector

Beijing wants its banks to “whitelist" selected real estate firms to help ease the sector's liquidity squeeze and encourage home purchases

PricewaterhouseCoopers had been Evergrande’s auditor since 2009 — when the developer listed in Hong Kong — and resigned from that position in January last year

Country Garden, Sunac China, Greenland, CIFI and SCE Group have all had some of their projects listed as being suitable for bank loans