PwC is poised to receive a significant penalty from Chinese regulators for its role in auditing the failed property giant Evergrande, according to the Financial Times. Despite no issues being raised in Evergrande’s financial reports for 2019 and 2020, PwC is likely to face a fine larger than the CNY212m (USD29.25m) imposed on Deloitte in 2023 for audit lapses with Citic FAMC. Meanwhile, China Vanke has secured a CNY20bn syndicated loan led by China Merchants Bank, marking the largest borrowing for property developers in four years, to enhance its liquidity. This loan follows recent financial strains in the sector, including a share price dip for Vanke and challenges highlighted by bond selloffs. The loan involves pledging shares in Vanke Logistics Development.