PricewaterhouseCoopers, also known as PwC, one of the four largest global accounting firms, is losing key clients and is expected to face a record fine in China because of its malpractice tied to failed property giant Evergrande. Will the accountancy firm face an "Arthur Andersen moment" in China? What implications will the probe of PwC's Evergrande conduct have for the country's capital market?
Host Tu Yun joins Dr. Liu Baocheng, the Director of the Center for International Business Ethics, University of International Business and Economics, William Lee, the Chief Economist of the U.S.-based Milken Institute, and Chen Jiahe, the Chief Investment Officer of the Beijing-based Novem Arcae Technologies for a close look at the issue on this episode of Chat Lounge.
Chat Lounge