Category: PwC

Hong Kong IPO Volumes Tumbled 92 Percent, PwC Cuts HK IPO Forecast by Half

June 18, 2022
ChinaChina Business & EconomyHK BusinessHong KongHong Kong EconomyIPOPwC
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PricewaterhjouseCoopers (PwC) noted Hong Kong’s IPO fund raising activities slowed down in the first half of this year. The total fund-raising amount reached HK$ 17.1 billion (about $2.2 billion) and is expected to contract by 92 percent year on year. Due to factors that contribute to increasing uncertainty, including the continued outbreak of COVID, geopolitical…

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After Dire Year England’s Shops Hope for End-of-Lockdown Shopping Spree

April 11, 2021
BusinessCCP VirusDebenhamsEconomiesJohn LewisNextPwCreopenUKWorld
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LONDON—After more than three months of enforced closure due to the COVID-19 pandemic, non-essential stores in England reopen their doors on Monday, hoping that the escape from lockdown will fuel a trading boom. Industry lobby group, the British Retail Consortium, estimates UK stores have lost £27 billion ($37 billion) in sales over three lockdowns, while…

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Britain to Shake Up How Companies Are Run and Audited

March 18, 2021
auditauditorsdeloitteFraudKPMGPwCReporting and Governance AuthorityUKWorld
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LONDON—Britain proposed weakening the market grip of “Big Four” auditors on Thursday and making company directors responsible for spotting fraud after the collapses of retailer BHS and builder Carillion. Directors would have to repay bonuses if their company went bust or serious failings came to light, and dividends and bonuses would have to be stopped…

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