Hong Kong Regulator Probes PwC's Audit of China Evergrande Group

23 Apr 2024 CW Team

The regulatory authority in Hong Kong has initiated an investigation into the auditing practices of PricewaterhouseCoopers (PwC) regarding its oversight of the China Evergrande Group. This move comes amidst growing concerns over the financial stability and transparency of the embattled Chinese real estate giant.

The investigation underscores regulatory scrutiny over auditing standards and corporate governance practices within the real estate sector, particularly concerning companies like China Evergrande, which have faced significant financial challenges in recent times.

PwC's auditing of China Evergrande Group is under the spotlight as regulators seek to ensure transparency and accountability in financial reporting. The probe aims to ascertain the accuracy and reliability of the audit conducted by PwC and address any potential discrepancies or lapses in compliance with regulatory requirements.

The investigation by the Hong Kong regulator reflects the importance of robust oversight mechanisms in safeguarding investor interests and maintaining market integrity. It also highlights the need for greater transparency and accountability in the auditing profession, particularly in high-risk sectors such as real estate.

Overall, the probe into PwC's auditing of China Evergrande Group signals heightened regulatory scrutiny over financial practices in the real estate industry. It underscores the importance of stringent oversight and adherence to regulatory standards to mitigate risks and ensure the stability of financial markets.

Technology

16 Mar 2026

CTS Roundtable Charts Tech-Led Roadmap for Construction

Ahead of the Construction Technology Show (Con Tech Show) 2026, industry leaders, technology innovators and academia came together in Mumbai to deliberate on how digitalisation, automation and industrialised construction can reshape the sector. The discussion made one thing clear: construction can no longer afford to treat technology as optional.Held on 12 March 2026 at Courtyard by Marriott, Mumbai, alongside the Infrastructure Today Airport Conclave, the CTS Roundtable served as a precursor to the Construction Technology Show 2026, scheduled for 19–20 August 2026 at NESCO, Mumbai.A platfor..

RAHSTA Roundtable Sets Agenda for Smarter, Safer Highways

Held on 12 March 2026 at Courtyard by Marriott, Mumbai, alongside the Infrastructure Today Airport Conclave, the RAHSTA Roundtable brought together stakeholders from across the highways and infrastructure ecosystem to shape the agenda for the 16th RAHSTA 2026, scheduled for 8–9 July 2026 at the Jio Convention Centre, Mumbai. The session focused on key industry themes including road construction, technology, safety and long-term sustainability.Opening the discussion, Pratap Padode, Founder, FIRST Construction Council, said the roundtable marked the beginning of a broader consultative process ..

Hindustan Zinc Launches All-Women Smelting Operations Team

Hindustan Zinc has launched ‘Tejaswini’, an all-women team to lead operations at the Leaching & Purification section of its Chanderiya Smelting Complex, one of the world’s largest and most advanced zinc smelting facilities. The move marks a major step in expanding women’s leadership in core operational roles within India’s metals and mining sector.A team of 30 women professionals will oversee process operations, maintenance and safety across Leaching & Purification–I, U-II and CLZS units, a critical part of the company’s hydrometallurgy operations that directly impacts zi..