Bank of China joins at least another 50 Chinese firms who have either dropped PwC or cancelled plans to hire the firm

Shares of the New Energy Vehicle arm have dropped nearly 40% so far this year despite numerous efforts to salvage its fortunes

More than 30 listed Chinese firms have dropped PwC as their auditor in recent months amid a probe by Beijing into its practices

The world's most indebted property developer was ordered to be liquidated early this year after a failed restructuring plan

Shares of the crisis-hit real estate giant’s electric vehicle unit soared by as much as 113% in Hong Kong

The unit had stopped EV production in December 2022, citing a lack of new orders, just a month after it delivered its first batch of EVs

PricewaterhouseCoopers, one of the Big Four auditors, had been Evergrande’s auditor since 2009, when the developer listed in Hong Kong

The creditors’ opposition to the proposal could be a major problem for the ailing property giant and China’s crisis-hit real estate sector

PricewaterhouseCoopers had been Evergrande’s auditor since 2009 — when the developer listed in Hong Kong — and resigned from that position in January last year

Country Garden, Sunac China, Greenland, CIFI and SCE Group have all had some of their projects listed as being suitable for bank loans

Figures showed price rises across 100 cities, signalling the decline in China's property sector may be slowing

A multitude of factors such as social stability and impacts on the property market will be at play when Chinese courts decide on whether to accept the Hong Kong court's ruling on the debt-laden developer