TG Thursday April 23rd, 2026

Tripperhead Gazette

Apr 23, 2026

• PwC has agreed to fork out (or at least put aside) $1 billion for accounting errors related to Evergrande.

Accounting firm Pricewaterhouse Coopers HK has agreed with Hong Kong's Securities and Futures Commission to set aside HK$1 billion to compensate independent minority shareholders of China Evergrande, without admitting liability apps.sfc.hk/edistributionW…

The Securities and Futures Commission (SFC) has reached an agreement with PricewaterhouseCoopers Hong Kong (PwC HK) under which PwC HK has agreed to set aside HK$1 billion to compensate eligible independent minority shareholders of China Evergrande Group (China Evergrande) (Note 1).

PwC HK audited China Evergrande’s financial statements for the fiscal years ended 31 December 2019 and 31 December 2020 (FY2019 and FY2020 respectively). The SFC’s investigation, which focused on China Evergrande’s results announcements and annual reports, found that the company, currently in liquidation, had substantially overstated its annual revenue and profits for these two fiscal years. The SFC also examined the role of PwC HK and concluded that there was market misconduct due to China Evergrande’s dissemination of false and misleading financial information and serious breaches of auditors’ professional duties.

8:50 AM · Apr 23, 2026 · 582 Views

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PwC Hong Kong was also fined HK$300 million and suspended for six months from accepting, performing or issuing auditing reports in respect to new clients of listed firms, according to the Accounting and Financial Reporting Council.

• Another reminder to rug up on Friday, with HKO forecasting even lower temps.

It’s going to be one of those days where the temperature will drop from Thursday’s max at HKO HQ of 29°C and just continue falling.

• The number of births in Hong Kong is not on the rise. The opposite in fact, and already on track for a new record broken.

Joel Chan@kjoules

Hong Kong registered a total of 2,247 births in the month of February • Disregarding the interruption in registrations due to the pandemic, it is the lowest monthly figure in decades. • Hong Kong is on pace to register fewer than 30,000 births in 2026, the first time since 1945

(Chart by @kjoules) Hong Kong monthly registered births, 2013-present

7:41 AM · Apr 23, 2026 · 592 Views

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• As the Tai Po fire inquiry continues, SCMP has released part 2 of their multimedia guide.

Part 1 is here.

On Thursday the Fires Services Department fronted the inquiry to explain their approach to the fire. One note of interest, under questioning, was why the HKSARG SMS alert system wasn’t used. FSD gave a few reasons, including that the system is meant for city-wide alerts, and that people might not be familiar with it. Read more here.

“In this situation, given the conditions of the burning buildings, residents leaving their flats could be more dangerous. We couldn’t anticipate how they would respond.”

Joel Chan@kjoules

• Chan defended the decision to concentrate firefighters on suppressing the blaze at Wang Tai House and Wang Cheong House instead of diverting crews to evacuate other blocks • Tactical decisions were made to prioritize fighting the main blaze due to unprecedented fire spread

(Sing Tao) Deputy Director of Operations of the Fire Services Department Derek Armstrong Chan, speaking at a press conference on the day of the Wang Fuk Court fires

8:38 AM · Apr 23, 2026 · 110 Views

A reminder of the first (and only) time the alert system has been used…

Emergency Alert — Click the pic to read all about it if you missed out back in 2022.

Tripperhead Gazette

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