PwC resigns as indebted Chinese developer Evergrande’s auditor

Indebted Chinese property developer Evergrande said on Tuesday that global accounting firm PwC had resigned as its auditor, citing different views on financial statements under investigation by Hong Kong regulators.

The development casts further doubt on the fate of Evergrande, which has $300bn in liabilities and has repeatedly missed deadlines to provide a restructuring plan following a default in late 2021 that was part of a broader property sector crisis in China.