This timeline is a live document and continues to be updated as new developments emerge.
First published: 28 September 2026
China Evergrande’s collapse did not begin with a single missed bond payment. For more than a decade, the company grew into one of China’s largest property developers by borrowing heavily, selling homes before they were completed and continually recycling capital into new projects and businesses.
PwC was there from the beginning. It acted as reporting accountant for Evergrande’s 2009 Hong Kong listing and subsequently served as group auditor, remaining in the role until January 2023. Hong Kong’s Accounting and Financial Reporting Council later confirmed PwC’s role from the 2009 listing onwards
What happened…