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About KPMG
KPMG in China has offices located in 31 cities with over 14, 000 partners and staff, in Beijing, Changchun, Changsha, Chengdu, Chongqing, Dalian, Dongguan, Foshan, Fuzhou, Guangzhou, Haikou, Hangzhou, Hefei, Jinan, Nanjing, Nantong, Ningbo, Qingdao, Shanghai, Shenyang, Shenzhen, Suzhou, Taiyuan, Tianjin, Wuhan, Wuxi, Xiamen, Xi'an, Zhengzhou, Hong Kong SAR and Macau SAR. It started operations in Hong Kong in 1945. In 1992, KPMG became the first international accounting network to be granted a joint venture licence in the Chinese Mainland. In 2012, KPMG became the first among the “Big Four” in the Chinese Mainland to convert from a joint venture to a special general partnership.
KPMG is a global organisation of independent professional services firms providing Audit, Tax and Advisory services. KPMG is the brand under which the member firms of KPMG International Limited ("KPMG International") operate and provide professional services. "KPMG" is used to refer to individual member firms within the KPMG organisation or to one or more member firms collectively.
KPMG firms operate in 142 countries and territories with more than 275, 000 partners and employees working in member firms around the world. Each KPMG firm is a legally distinct and separate entity and describes itself as such. Each KPMG member firm is responsible for its own obligations and liabilities.
Article Posted date
13 June 2023
In this year’s annual Banking Report we take a look at the financial performance of banks in Hong Kong in 2022 and share our insights on the outlook for the sector. Looking ahead, we believe the focus for banks should be Back to Business, Seizing Opportunities. Now that the city has returned to normal operations after the pandemic, banks are in a good position to strengthen Hong Kong’s role as an IFC and pursue key and emerging growth areas.
I hope you enjoy our perspective on the banking sector in 2022 and beyond, and would welcome the opportunity to discuss the banking results and the current industry landscape.
Paul McSheaffrey
Senior Banking Partner, Hong Kong
KPMG China
Senior Banking Partner, Hong Kong
KPMG China
Financial performance
Hong Kong as an IFC
Growth opportunities
Business Transformation
Risk and Regulatory Trends
Financial Highlights
Hong Kong Banking Report 2023
Report on the 2022 financial performance of banks in Hong Kong
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