China’s retail banking sector faces regulatory and macroeconomic pressures that are lowering revenues and profits, with banks turning to AI and technology to boost growth and customer engagement

Evergrande's long-time auditor, PricewaterhouseCoopers (PwC), has been implicated for issuing unqualified audit reports despite the beleaguered property developer’s significant financial irregularities. This has led to intense scrutiny and potential regulatory and legal actions that could threaten its long-term survival, and reshape the audit landscape in China.

Bank boards globally lack enough technology experts to influence strategy decisions, though North American banks are better at integrating such experts into their boards