Hong Kong adds millions to PwC's penalties over Evergrande audit

Accounting firm asked to pay disgraced developer's shareholders $128m, fined $40m

The logo of PricewaterhouseCoopers (PwC) is displayed at its booth during the China International Supply Chain Expo in Beijing in July 2025. © Reuters

HONG KONG -- Accounting giant PricewaterhouseCoopers has agreed to pay 1 billion Hong Kong dollars ($128 million) to independent minority shareholders of China Evergrande Group for its failure to properly audit the property developer, currently in liquidation.