Dozens of "high-risk" banks were taken over by bigger entities in the first six months of this year as small rural lenders succumbed to real estate debts and other woes

The auditing giant has been forced to slash its auditing staff in China following a mass exodus of clients in the wake of the China Evergrande accounting fiasco, sources say

The property sector, which at its peak accounted for a quarter of GDP, remains a major drag on the $18 trillion economy.

The economic summit will outline moves to boost advanced manufacturing, rejig the tax system to curb debt risks, manage the property crisis, lift consumption and the private sector, but analysts doubt it will work

Concern has risen that foreign auditors have not been doing enough to uncover illegal corporate activity, based on a huge scandal at China Evergrande, which was found to have inflated its revenue by vast sum

R&F said on Tuesday its unit Trillion Glory had received a winding-up petition from a Singapore-based private equity fund due to non-repayment of a loan

Beijing is working to fill a gap in its regulatory framework - on a law that will establish a fund to rescue troubled financial institutions

At least eight major listed companies in China have disclosed that they’ve received demands to pay historical taxes, in one case going as far back as the 1990s

Tokyo has said it will revise first-quarter GDP figures to correct construction orders data and announce the outcome on July 1. Analysts fear it could affect BOJ forecasts and its next rate hike

The Shenzhen-based developer has been working to restructure its offshore debt since defaulting on $12 billion in offshore debt payments in late 2021

Factory output in May was flat, while the property sector continues to weigh on sentiment, despite strong exports and a rise in retail sales

A Hong Kong law firm is working with court-appointed liquidators to see if they can recoup creditor losses from its auditor PwC or other firms that provided services to the developer