China's wealth management market has the potential to surpass $100 trillion by 2025, but it needs to overcome challenges like low asset allocation, regulatory changes, and pressure on wealth managers
China's wealth management market has the potential to surpass $100 trillion by 2025, but it needs to overcome challenges like low asset allocation, regulatory changes, and pressure on wealth managers
Evergrande's long-time auditor, PricewaterhouseCoopers (PwC), has been implicated for issuing unqualified audit reports despite the beleaguered property developer’s significant financial irregularities. This has led to intense scrutiny and potential regulatory and legal actions that could threaten its long-term survival, and reshape the audit landscape in China.