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

Figures showed price rises across 100 cities, signalling the decline in China's property sector may be slowing

A multitude of factors such as social stability and impacts on the property market will be at play when Chinese courts decide on whether to accept the Hong Kong court's ruling on the debt-laden developer

The move “will help accelerate a reduction of housing inventory and promote activity of the property market," one analyst said

Global investors see little chance Beijing can rescue the situation and are jumping ship, leaving China’s markets in freefall

It’s feared the unrelenting downturn in the sector that accounts for around a quarter of China's economy could drag on the country's broader recovery