PwC invests in ‘high quality’ China business to ensure survival after US$62 million fine

PwC is making “tangible investments” to ensure the Big Four firm has high quality and sustainable business in China, it said in a memo to staff after Chinese regulators on Friday hit the company’s mainland unit with a record penalty. “We want to recognise that this has been an extremely challenging period for all of you,” said the PwC internal memo issued late on Friday after the regulatory penalty announcement, and reviewed by Reuters. “The PwC network has also shown continued support for our China firm throughout this period .

.. They are making tangible investments to ensure we have long term, high quality and sustainable business in China,” it said.



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