{"id":124602,"date":"2022-02-16T18:30:22","date_gmt":"2022-02-16T11:30:22","guid":{"rendered":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/evergrande-crisis-auditor-resignations-trigger-alarm-bells-amid-hidden-debt-at-chinese-property-developers\/"},"modified":"2022-02-16T19:10:12","modified_gmt":"2022-02-16T12:10:12","slug":"evergrande-crisis-auditor-resignations-trigger-alarm-bells-amid-hidden-debt-at-chinese-property-developers","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/evergrande-crisis-auditor-resignations-trigger-alarm-bells-amid-hidden-debt-at-chinese-property-developers\/","title":{"rendered":"Evergrande crisis: auditor resignations trigger alarm bells amid hidden debt at Chinese property developers"},"content":{"rendered":"


\nA spate of auditor resignations at Chinese property companies is reigniting concerns about financial transparency in an industry facing a credit squeeze and more than US$60 billion of bond redemptions this year.PwC quit its role at Hopson Development on January 27, citing inadequate access to necessary information, while Deloitte stepped down at China Aoyuan a day earlier, exchange filings showed. Shimao Group\u2019s mainland unit will change its auditor, Shanghai Certified Public Accountant, for\u2026
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\nSource : South China Morning Post
\nRead more…Evergrande crisis: auditor resignations trigger alarm bells amid hidden debt at Chinese property developers<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

A spate of auditor resignations at Chinese property companies is reigniting concerns about financial transparency...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-124602","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-wpI","jetpack-related-posts":[{"id":127936,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/evergrande-crisis-property-developers-ceo-and-financial-chief-forced-out-amid-loan-inquiry\/","url_meta":{"origin":124602,"position":0},"title":"Evergrande crisis: Property developer\u2019s CEO and financial chief forced out amid loan inquiry","date":"July 23, 2022","format":false,"excerpt":"\r Siu Shawn, an executive director, will take over as top official following resignations of CEO Xia Haijun and Chief Financial Officer Pan Darong.\r \r Source : South China Morning Post\r Read more...Evergrande crisis: Property developer\u2019s CEO and financial chief forced out amid loan inquiry","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":124703,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/evergrande-crisis-distressed-exchanges-default-waivers-build-as-chinese-developers-wonder-wheres-the-policy-stimulus\/","url_meta":{"origin":124602,"position":1},"title":"Evergrande crisis: distressed exchanges, default waivers build as Chinese developers wonder, where\u2019s the policy stimulus?","date":"February 25, 2022","format":false,"excerpt":"\r The number of Chinese developers seeking debt forbearance from offshore creditors is expanding as Zhenro Properties and Jingrui Properties highlighted an ongoing credit crunch amid the worst industry slowdown in a decade.The two developers this week sought to delay repayments on dollar-denominated bonds worth US$1.2 billion maturing this year,\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":144939,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/pwc-defections-continue-as-china-cinda-asset-management-ditches-auditor-facing-fines-for-alleged-evergrande-malpractice\/","url_meta":{"origin":124602,"position":2},"title":"PwC defections continue as China Cinda Asset Management ditches auditor facing fines for alleged Evergrande malpractice","date":"June 3, 2024","format":false,"excerpt":"\r State-owned China Cinda Asset Management is the latest major client to terminate its contract with PwC, after several big firms cut ties with the auditor amid growing concerns about possible financial fraud tied to embattled developer China Evergrande.\r \r Source : South China Morning Post\r Read more...PwC defections continue\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":124104,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/evergrande-crisis-four-grandiose-projects-that-sum-up-indebted-chinese-developers-reckless-expansion\/","url_meta":{"origin":124602,"position":3},"title":"Evergrande crisis: four grandiose projects that sum up indebted Chinese developer\u2019s \u2018reckless expansion\u2019","date":"January 5, 2022","format":false,"excerpt":"\r China Evergrande is lurching from one crisis to another. From its home delivery snag to ongoing debt repayment troubles, more than US$52 billion of market value has been erased from the slump in its two flagship entities in Hong Kong over the past 12 months.The group had 1.97 trillion\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":122581,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/evergrande-crisis-leaves-chinese-developers-shut-out-of-global-debt-markets\/","url_meta":{"origin":124602,"position":4},"title":"Evergrande crisis leaves Chinese developers shut out of global debt markets","date":"October 14, 2021","format":false,"excerpt":"\r Just one dollar bond sold since heavily indebted company\u2019s missed payment shook markets\r \r Source : ft.com\r Read more...Evergrande crisis leaves Chinese developers shut out of global debt markets","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":124038,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/china-property-crisis-if-last-year-was-bad-for-the-likes-of-evergrande-kaisa-and-fantasia-just-wait-for-2022-as-more-pain-predicted-for-investors\/","url_meta":{"origin":124602,"position":5},"title":"China property crisis: if last year was bad for the likes of Evergrande, Kaisa and Fantasia, just wait for 2022 as more pain predicted for investors","date":"January 1, 2022","format":false,"excerpt":"\r Last year has no doubt been difficult for Chinese developers and the pain could get worse in the new year for companies, homebuyers and investors alike. A liquidity crunch amid slowing home sales are likely to dominate sentiment.China Evergrande, Kaisa Group, Fantasia Holdings and Modern Land (China) all made\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/124602"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=124602"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/124602\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=124602"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=124602"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=124602"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}