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2024 Update | China and Hong Kong

by Starling Insights

Compendium

Jun 11, 2024

In late 2021, Chinese property giant Evergrande defaulted on its $300 billion debt, raising global economic concerns. In January 2024, a Hong Kong judge ordered Evergrande into liquidation due to its failure to present a restructuring plan. Questions emerged about why PwC, Evergrande's auditor from 2009 to 2023, had not flagged financial issues earlier. PwC resigned in January 2023, citing a lack of information. In February 2024, liquidators prepared to sue PwC for alleged audit negligence.

The 2024 Compendium is available June 11th!

Now in its 7th year, Starling's Compendium features over 40 contributors from across the industry as well as detailed analysis of the latest trends in culture & conduct risk supervision.

What Can China Learn from US Banking Mistakes?

by Starling Insights

Observations

May 11, 2023

In a recent article in the South China Morning Post, William R. Rhodes, former Chairman, CEO, and President of Citibank, and Stuart Mackintosh, Executive Director of the Group of Thirty, discuss how China can avoid the mistakes made in US banking culture and supervision as it seeks to redesign its regulatory system.