Hong Kong partially clears PwC of alleged deficiencies in Evergrande audits

By Agence France-Presse

Jul 12, 2024 12:03 am

HONG KONG ― Hong Kong regulators said on Wednesday they had partially cleared PwC of allegations of deficiencies in its auditing of Chinese real estate giant Evergrande following an investigation triggered by a whistle-blower report.

Heavily indebted Evergrande became the poster child of the years-long crisis in China's real estate market, and its onshore unit was accused of a $78 billion revenue overstatement in March.

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