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About KPMG China
KPMG 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. 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 273,000 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 licence 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.
What does 2024 have in store for the banking sector in Hong Kong? While in 2023 the city enjoyed the benefits of reopening after the pandemic, it also faced a challenging global economic landscape and geopolitical tensions. Looking ahead, the uncertainty may continue, but there are also growth opportunities for banks in Hong Kong.
In the videos below, KPMG experts share their insights and predictions for the year ahead across a variety of topics including credit risk trends, cross-border data exchange, regulatory reporting and virtual assets. We also look at the recent performance of banks in the city, and Hong Kong’s evolving role as a regional and global IFC.
As well as the short videos, you can also download a pdf summary of the key points and insights contained in this year’s report.
Banks' Financial Performance
Hong Kong as an IFC
Credit Risk Trends
Consumer Fraud
Wealth Management
Connect 2.0
Tax Trends
Climate Risk
Deals Environment
Virtual Assets
Cross-border
Data Interchange
Regulatory Reporting
Corporate Credit
Hong Kong Banking Outlook 2024
Key trends and predictions for the banking sector in the year ahead
Download PDF (3.2 MB) ⤓