The liquidators of collapsed developer China Evergrande Group have won a legal victory against PricewaterhouseCoopers (PwC) International, indicating that the firm and two other units of the accounting giant would need to jointly face the largest corporate lawsuit claims in Hong Kong, reports the South China Morning Post.

Deputy High Court Judge Patrick Fung Pak-tung rejected the application by PwC International to be dismissed from the lawsuits involving claims by the liquidators of China Evergrande Group. In his ruling, the judge said PwC International “did owe a duty of care” to China Evergrande Group, as the liquidators’ lawyers had pointed out that PwC International had the power to control and govern its member firms. 

The liquidators are seeking approximately RMB 57.9 billion ($8.6 billion) in total from PwC Hong Kong and PwC Zhong Tian, of which approximately RMB 38.1 billion is also claimed against PwC International, the judgment paper said.

China has introduced the first major revision in years to management rules for its massive housing provident fund, broadening the $1.5 trillion forced-savings scheme’s usage to help unlock dormant capital and stimulate consumption, reports Caixin.

The revised rules, taking effect September 20, expand the fund’s withdrawal scenarios and extend coverage to flexible and gig workers. 

Analysts say the revamp shifts the fund from a mainly home-buying tool to broader housing financial infrastructure, freeing up locked household cash to support economic growth as the property market undergoes profound changes.

China’s first online gaming billionaire has acquired the Mia Hotel in downtown Shanghai in a deal worth about RMB 220 million ($32.6 million), reports the South China Morning Post. 

Chen Tianqiao – a reclusive entrepreneur and founder of Shanda Group known for his global investment portfolio – bought the hotel from Singapore-headquartered investment firm GLP at a below-market price, with analysts describing the deal as a “sound investment”.

The 53-year-old, who has stayed out of the public eye in China for years, appears to be looking to take advantage of the long downturn in the Chinese property market, which has caused prices to plunges since 2020.

Beijing has introduced a new policy package to relax home-buying curbs in a bid to stabilize its property market and unleash pent-up demand, reports Caixin.

Under the revised rules, the required period for social insurance or individual income tax payment records in Beijing for non-local families to buy homes within the Fifth Ring Road—a major highway encircling the city’s central districts—is reduced from two years to one year.

Eligible non-local families can only buy one home within the Fifth Ring Road or two homes if they have two or more children, while home purchases outside the Fifth Ring Road remain unrestricted.

China’s property slump is hollowing out the industry’s middle tier, leaving fewer developers able to sustain large-scale sales, reports Caixin.

Only six developers recorded sales of between RMB 30 billion ($4.4 billion) and RMB 100 billion in the first seven months of 2026, four fewer than in the same period a year earlier, according to data from China Index Academy (CIA). Three years earlier, 27 developers occupied that range.

The top 100 developers spent RMB 418.9 billion on land purchases in the first seven months of 2026, a 27.6% drop from the previous year. Total newly added inventory also fell 25.9% during the same period, erasing a brief recovery in 2025 when land purchases rose 34.3%.