AsianFin – Following the suspension of operations by PwC China for six months due to the Evergrande financial fraud scandal, dozens of partners have left the firm. According to the Ministry of Finance's database of registered accountants, 66 individuals were reported as no longer partners of PwC in December and January. It is unclear whether they have fully left the company.

Further records indicate that as of February 11, PwC China had 277 registered equity partners, 65 of whom had departed. This marks a reduction of over 20% in the number of equity partners, the largest drop in five years. This attrition rate is significantly higher compared to competitors Deloitte, EY, and KPMG, which reported only single-digit partner departures last year.

The shake-up also affects senior leadership, including former Asia Pacific and China Chairman Zhao Baiji, former Chief Financial Officer Gavin Chui, Jim Chen, head of state-owned enterprise clients, and former Northern Audit Department lead Bur Chan. In addition, the core management team of the PwC Guangzhou office, which was shut down due to the Evergrande incident, has all stepped down.