Deloitte fined £25m by China over audit of state-owned asset manager

China has fined auditing firm Deloitte 211.9m yuan (£25.3m) for failing to perform its duty in assessing the asset quality of China Huarong Asset Management Co Ltd, the finance ministry said on its website on Friday. Deloitte’s Beijing operations also will be suspended for three months, the ministry said in a statement. China Huarong and its [...]