Paul McSheaffrey,

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

Hong Kong as an IFC

Growth opportunities

Business Transformation

Risk and Regulatory Trends

Financial Highlights

Download PDF

Hong Kong Banking Report 2023

Report on the 2022 financial performance of banks in Hong Kong

Download PDF (3.2 MB) ⤓

Key Contacts

About KPMG China

KPMG China has offices located in 31 cities with over 15,000 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. Working collaboratively across all these offices, KPMG China can deploy experienced professionals efficiently, wherever our client is located.

KPMG is a global organization 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 organization or to one or more member firms collectively.

KPMG firms operate in 143 countries and territories with more than 265,000 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.

KPMG International Limited is a private English company limited by guarantee. KPMG International Limited and its related entities do not provide services to clients.

In 1992, KPMG became the first international accounting network to be granted a joint venture license in the Chinese Mainland. KPMG was also the first among the Big Four in the Chinese Mainland to convert from a joint venture to a special general partnership, as of 1 August 2012. Additionally, the Hong Kong firm can trace its origins to 1945. This early commitment to this market, together with an unwavering focus on quality, has been the foundation for accumulated industry experience, and is reflected in KPMG’s appointment for multidisciplinary services (including audit, tax and advisory) by some of China’s most prestigious companies.