PricewaterhouseCoopers (PwC) is facing significant scrutiny in China after being implicated in the financial fraud investigation involving Evergrande, one of the largest developers in the country. Chinese authorities are considering imposing a record fine of at least 1 billion yuan (approximately $138 million) on PwC for failing to detect the massive fraud, which could also result in the shutdown of some operations. This potential fine would surpass the previous record penalty of 212 million yuan imposed on Deloitte Touche Tohmatsu in 2023. The investigation has led to other repercussions, including PetroChina dropping PwC as its auditor. Additionally, China's market regulator has vowed to continue probing intermediary agencies involved in the alleged fraud. Evergrande's Hengda was also fined $577 million for fraudulent bond issuance.