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

 
Download PDF

Hong Kong Banking Outlook 2024

Key trends and predictions for the banking sector in the year ahead



Download PDF (3.2 MB) ⤓



Key Contacts

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 organization 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.