Hong Kong

Hong Kong's securities regulator has fined PwC Hong Kong HK$1bn (£95m) for failures in its audit of China Evergrande Group, marking the first time auditors of a defunct company have directly compensated shareholders harmed by misleading financial statements.

Hong Kong media tycoon Jimmy Lai has been sentenced to 20 years in prison under the national security law, the heaviest penalty ever handed out under the legislation, and will not appeal his conviction.

Keung Mak will return to his apartment for the first time since a November 2025 fire on Monday, marking the start of a large-scale process for thousands of displaced victims to see what remains of their homes and retrieve belongings.