News for China Huarong Asset Management Co., Ltd. (2799.HK)

Explainer-How big are the Big Four accounting firms in China?

PwC China warned clients that it's going to catch a six-month ban and won't be able to sign off on anything. Staff will still be working.

Fitch downgrades 4 Chinese national asset managers, warns of more cuts

The surging cost of raising new bank capital will leave a mark. The current bullish narrative sees China as the relative safe haven, as the U.S.

With Credit Suisse’s troubles supposedly an anomaly, markets were hopeful a European banking crisis had been quickly nipped in the bud. Not so fast.

China fines Deloitte $31 million for auditing negligence

Deloitte's Beijing operations also will be suspended for three months, the ministry said in a statement. China Huarong and its investment arms were fined for internal governance lapses, risk control failures and severe inaccuracy of accounting information from 2014 to 2019, the statement added.

BEIJING — China has fined auditing firm Deloitte 211.9 million yuan ($30.8 million) for failing to perform its duty in assessing the asset quality of China…

ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero

China Allows Banks to Ease Financing for Distressed Developers

17 NOTES TO INTERIM CONDENSED CONSOLIDATED FINANCIAL STATEMENTS ... | September 1, 2021