Pearl Liu

A Hong Kong court declined to remove PricewaterhouseCoopers International Ltd. from a multibillion-dollar lawsuit brought by China Evergrande liquidators against the firm and its Hong Kong and mainland Chinese affiliates.Deputy High Court Judge Patrick Fung said the evidence PwC International submitted as part of its arguments to exit the case was “inadequate and unsatisfactory,” according to a judgment delivered on Wednesday.The ruling is significant because it means a global firm may not be able to distance itself from work done by its local affiliates in accounting fraud cases in Hong Kong. That could offer a playbook for other liquidators looking to broaden their cases against local auditors.The case centers on PwC's auditing work for Evergrande, an emblem of China's property crisis since it defaulted in 2021. Liquidators launched the proceedings in 2024 claiming “negligence” and “misrepresentation” in PwC's auditing work. PricewaterhouseCoopers International is the umbrella entity for the firm worldwide.

One of China’s largest Mercedes-Benz Group AG dealerships is grappling with soaring bond yields in a warning sign for the sector, as the country’s sluggish economy makes consumers think twice about splashing out on new cars.

A Hong Kong court denied an attempt by China Evergrande Group founder Hui Ka Yan’s lawyers to use his assets that are under receivership to pay his HK$1.2 million ($153,040) of legal bills.

One of Hong Kong’s biggest landlords is in talks to enter Japan’s resurgent property market as part of parent Jardine Matheson Holdings Ltd.’s pivot toward becoming an investment firm, according to people familiar.

Chinese University of Hong Kong is seeking a bank loan of around HK$4 billion ($510 million) to refinance a facility supporting its private hospital, according to people familiar with the matter, as local universities increasingly turn to debt financing for major projects.

Gaw Capital Partners has secured a HK$4.29 billion ($547 million) loan backed by its Regent Hong Kong hotel with lender commitments exceeding the target amount, underlining strong demand for prime hospitality assets despite weakness in the city’s broader commercial property market.

Hong Kong’s ambitious plan to become a data center hub got off to a slow start.

Private equity firms previously circling Evergrande Property Services Group Ltd. are considering making fresh offers for the Hong Kong-listed real estate management business, people familiar with the situation said.

The next wave of artificial intelligence debt financing is taking off in Asia.

PAG is in exclusive talks with China Evergrande Group’s liquidators about buying a majority stake in the developer’s property management unit, according to people familiar with the matter.