News for China Cinda Asset Management Co., Ltd. (CCGDF)

PricewaterhouseCoopers (PwC) is considering slashing up to half its financial services auditing staff in China, two people with knowledge of the matter

The move follows Chinese regulators' scrutiny of PwC this year for its role as the auditor of troubled property giant China Evergrande Group, which, in turn, triggered the exit of some clients

Exclusive-PwC weighs halving of China financial services audit staff, say sources

The merger aims to boost the inherent stability of China's capital markets and restore investor confidence. The news comes in the wake of a recent announcement by China's securities regulator, stating that the lending of restricted shares would be suspended from Monday.

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China Allows Banks to Ease Financing for Distressed Developers

China Merchants Bank announced during a meeting on Monday afternoon that it had decided to remove Tian Huiyu from the post of president and director of the bank and make another appointment for the position.

China Evergrande Shares Jump After Appointment of State Official to Board

Cinda, under Beijing pressure, scraps $944 million investment in Ant unit -sources