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SHOCKING: Evergrande | Mind Blowing Facts

It was Britain’s most expensive house. Why is its only resident a homeless man who lives on the porch?

2-8A Rutland Gate had jewel-encrusted bathroom suites and gold wastepaper bins in its 45 rooms, but has lain empty for years. With many people desperate for secure housing, what does the abandonment of this palace tell us about the UK?

The Guardian - UK

China Evergrande liquidators seek $8.4B from PwC in Hong Kong lawsuit

Liquidators of China Evergrande are seeking $8.4 billion from accounting firm PwC

The Independent UK

Saab Is Selling Some Of The Last Cars It Ever Made

Starting on May 21, you will be able to buy some last remaining bits of Saab history. Now that NEVS is officially bankrupt, the final few cars left at the automaker’s Trollhättan factory in Sweden are for sale. Eight cars are up for auction, seven of which are Saab 9-3s.

Motor1

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Hong Kong regulators fine PwC $166M over China Evergrande audit

PwC has been fined $166 million in Hong Kong over its audit work for the collapsed Chinese property developer Evergrande

The Independent UK

China Evergrande’s billionaire boss pleads guilty to fraud

Hui Ka Yan expresses remorse in trial proceedings after collapse of world’s most indebted property developer

The Guardian - UK

China Evergrande founder Hui Ka Yan pleads guilty to a set of charges including fraud and bribery

China Evergrande's founder has pleaded guilty to charges including illegal absorption of public deposits, fraud and corporate bribery

The Independent UK

Tourist dies at Hong Kong Disneyland after passing out on ride

Filipino man, 53, collapses on Frozen Ever After ride

The Independent UK

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How the fall of Evergrande spells doom for China’s property market

The real estate giant became the poster-child for the problems facing Chinese developers after it collapsed under the weight of massive debts in 2021

The Independent UK

What to know about the delisting of property developer China Evergrande's shares in Hong Kong

Shares in China Evergrande, the real estate developer whose downfall led a collapse in the country’s property market, have been delisted from Hong Kong's stock exchange as creditors work to wind up debts that totaled over $300 billion

The Independent UK

Evergrande: China’s property giant delisted from Hong Kong stock exchange

Once the country’s biggest real estate firm, Evergrande was worth more than $50bn at its peak and helped propel China’s rapid economic growth

The Guardian - AU

Chinese property giant Evergrande delisted from Hong Kong stock market

China Evergrande’s delisting closes a chapter in country’s unprecedented property crisis

The Independent UK

Curtain Falls on Evergrande as Hong Kong Delisting Looms Aug. 25

China’s collapsed property giant says it will not be seeking a review of the decision

Caixin Global

World’s most indebted company, China Evergrande, delisted from Hong Kong stock exchange

The collapsed property giant central to China’s real estate crisis will be delisted in Hong Kong this month, highlighting the deepening turmoil in the debt-laden sector.

Euronews

China Evergrande Group Says To Delist From Hong Kong

Embattled property giant China Evergrande Group said Tuesday it will delist from Hong Kong Stock Exchange as a heavier-than-expected debt burden weighed on its liquidation process.

International Business Times

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The Independent UK

China Evergrande to be delisted from Hong Kong stock exchange following debt woes

China Evergrande says it will be delisted from Hong Kong’s stock exchange on Aug. 25

The Independent UK

China shows signs of tackling the price wars that are taking a toll on its EV industry

The Chinese government is signaling enough is enough when it comes to the fierce competition in the country’s electric car market

The Independent UK

Chinese car makers’ shares plummet as price war heats up

Manufacturers are continuing to slash prices and offer premium features to lure in customers

The Conversation

Living in ‘garbage time’: when 500 million Chinese change their spending habits, the world feels it

China’s economic rocket ride appears to be ending – or slowing, at least. Growth has declined from 8.4% in 2021 to 4.5% today, youth unemployment has climbed to 16.9%, and cities are filled with unfinished buildings after the collapse of property developer Evergrande in 2024.

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The Guardian - UK

China gives PwC record £47m fine and six-month ban over Evergrande

Accountancy firm accused of issuing false audits says it has sacked six partners and five other staff have left

International Business Times

China Bans PwC For Six Months Over Evergrande Audit

Accountancy giant PwC was banned in China Friday for six months and slapped with a fine of $62.2 million over problems with its audit of beleaguered property company Evergrande.

The Independent UK

China hands PwC a 6-month ban and fine over audit of the collapsed developer Evergrande

Chinese authorities have banned the accounting firm PwC for six months and fined it over $56 million for its involvement in the audit of collapsed local property developer Evergrande

The Guardian - UK

PwC expecting six-month China ban over Evergrande audit

Company tells clients it also expects to receive a large fine following property developer’s collapse

Fortune

PwC, a ‘Big 4’ auditing firm, is reportedly bracing for a 6-month ban in China

The ban stems from PwC’s work with Evergrande, the bankrupt real estate developer whose default helped trigger China’s real estate crisis.

The Guardian - UK

Paris Olympics boosts eurozone economic growth; UK business activity accelerates –as it happened

Olympic Games has delivered France’s best month of growth since March 2023, while UK economy is also strengthening in August

Caixin Global

Shanghai Composite Index Rose 0.09% on Wednesday

Shenzhen Component Index closed down 0.17%

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Julian EvansPritchard

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