China's probe of PwC's Evergrande conduct to further refine the intermediaries sector
Listen now
Description
PricewaterhouseCoopers, also known as PwC, one of the four largest global accounting firms, is losing key clients and is expected to face a record fine in China because of its malpractice tied to failed property giant Evergrande. Will the accountancy firm face an "Arthur Andersen moment" in China? What implications will the probe of PwC's Evergrande conduct have for the country's capital market? Host Tu Yun joins Dr. Liu Baocheng, the Director of the Center for International Business Ethics, University of International Business and Economics, William Lee, the Chief Economist of the U.S.-based Milken Institute, and Chen Jiahe, the Chief Investment Officer of the Beijing-based Novem Arcae Technologies for a close look at the issue on this episode of Chat Lounge.
More Episodes
Sino-EU economic relations are once again put to the test. Brussels is on its way to imposing an additional tariff of up to nearly 40 percent on China-made electric vehicles despite opposition from some major EU automakers and environmental groups. Will the new tariff help Europe build up its EV...
Published 06/14/24
Published 06/07/24
China is believed to be on track towards peaking its greenhouse gas emissions years ahead of schedule. What’s the major driving factor? Since the country’s coal-fired power capacity continues to expand, would there be a U-turn down the road to emission peak? And as China marches towards carbon...
Published 05/31/24