China hands PwC six-month ban and fine over audit of developer Evergrande

A man walks by the PricewaterhouseCoopers office in Beijing (Andy Wong/AP)

Chinese authorities have banned the accounting firm PwC for six months and fined it more than 400 million yuan (£42.9 million) over its involvement in the audit of collapsed property developer Evergrande.

The punishment is the heaviest yet for international accounting firms operating in China.