Hong Kong accounting watchdog initiates probe into PwC audits of bankrupt developer Evergrande

Hong Kong’s accounting watchdog said it will investigate accounting firm PwC for alleged auditing fraud related to bankrupt Chinese developer China Evergrande Group, adding that it would not hesitate to take enforcement action. The Accounting and Financial Reporting Council (AFRC) said in a statement on Friday that it had taken note of the whistleblower’s allegations […]

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Evergrande collapse: Hong Kong court orders liquidation of China property giant

Embattled Chinese development company, Evergrande, has been ordered to liquidate by a Hong Kong court after an 18-month long hearing. Evergrande, which holds the ignominious title of the world’s most indebted property developer with about $300bn in liabilities, failed to convince the court that it had a viable restructuring plan, after having been given seven […]

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Why is billionaire Jack Ma focusing on food business in China through a new startup ?

Chinese billionaire Jack Ma is backing a newly formed startup, whose name in English translates to “Hangzhou Ma’s Kitchen Food.” According to a report by CNN, the new company is based in the eastern China city of Hangzhou, Ma’s hometown. The startup will involve sale of pre-packaged food, imports and exports, and edible agricultural products. […]

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Who Rohingya? What Rohingya? When Rohingya?

This is about South and Southeast Asia’s Palestinians, as it were. The Rohingya. The nowhere people. Myanmar officially doesn’t want them. Bangladesh, where most of them now live as refugees, can’t indefinitely house them — more precisely, can’t indefinitely house them with current arrangements. China and India won’t say anything substantial about them in order […]

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