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KPMG

KPMG
The latest news, analysis and opinion on KPMG. In-depth analysis, industry insights and expert opinion.
Eight Roads has invested in companies including autonomous-driving firm Pony.ai. Photo: AFP
Banking & finance

US venture capital firm to unload stakes in 40 Chinese tech start-ups

Chinese venture capitalists, government-backed funds expected to fill a funding gap left by retreating international investors, analyst says.

IPO

Green Tea makes tepid Hong Kong debut as IPO frenzy takes a pause

Banking & finance

Venture capitalists keep Asia-Pacific bets at decade low on geopolitical risks: KPMG

Hong Kong stock market

Unitree leads influx of mainland companies eyeing IPOs in Hong Kong

Surge in listing plans augurs well for city’s effort to claw way back to top of global ranking of fundraising destinations.

Shanghai-based Auntea Jenny aims to raise up to US$35 million in a Hong Kong share listing. Photo: Sohu
Fintech

China hogs APAC fintech funds amid global decline, investor caution: KPMG

Fintech investment in China fell 17 per cent, in line with the global drop in the first half, as investors tread cautiously amid various uncertainties, according to KPMG report.

Banking & finance

China’s AI, EV and chip investments drive region’s venture capital deals: KPMG

A total of 2,155 venture-capital deals worth US$17.4 billion were finalised in the Asia-Pacific region in the year’s second quarter, according to a KPMG report.

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Banking & finance

Hong Kong banks to reap rewards of high interest rates until next year: KPMG

The total assets of all licensed banks in the city last year rose by 2.7 per cent to HK$23 trillion (US$2.94 trillion), according to KPMG.

Hong Kong’s banking sector made HK$295 billion in operating profit last year, an increase of 34.7 per cent year on year. Photo: Yik Yeung-man
Greater Bay Area

Hong Kong’s hiring market to remain soft amid challenging economic outlook: KPMG

Just over a quarter of companies in Hong Kong expect to add staff this year, while some 16 per cent expect to cut headcount, KPMG survey shows. Many candidates are eyeing the Greater Bay Area as an alternative.

IPO

Hong Kong IPO proceeds to more than double to US$12.8b in 2024, KPMG forecasts

Some 90 companies are expected to raise HK$100 billion (US$12.8 billion) from their first-time stock offerings this year, more than double the amount in 2023, KPMG forecasts.

Hong Kong society

Staff at accounting firm KPMG team up to raise funds for Hong Kong’s charity drive

Besides KPMG-wide activities, different departments organise their own activities or games to promote generosity and donations.

Kirsten Mundy (left) says KPMG is letting employees organise their own activities to promote generosity. Photo: Bharat Khemlani
Banking & finance

China’s troubled US$137 billion shadow bank plans debt restructuring, hires KPMG

The Chinese shadow banking giant whose liquidity crisis has fanned fears about financial contagion is planning to restructure its debt and has hired KPMG to conduct an audit of its balance sheet, sources said.

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The Zhongrong International Trust offices in Beijing. China’s banking regulator has set up a taskforce to examine risks at Zhongzhi Enterprise Group, after its unit Zhongrong missed payments on multiple high-yield investment products. Photo: Bloomberg
Banking & finance

Asia VC deal value falls but optimism grows on Hong Kong and China IPOs: KPMG

Alternative energy, energy technology, battery storage and generative AI sectors remain areas of interest for venture capital investment in the Asia region.

Banking & finance

China’s private pension market could be US$969 billion opportunity by 2030

Private individual pensions could grow into a US$969 billion opportunity within China’s overall US$3.8 trillion pension market by 2030, according to KPMG China and ASIFMA.

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Banking & finance

Hong Kong banks benefit from rate hikes but property loans a concern: KPMG

Hong Kong banks are expected to benefit from rising interest rates and growing business opportunities after the border with mainland China reopened this year, but the ongoing China property debt crisis poses a risk, says the latest report from KPMG.

View of commercial building in Central. 17MAY22 SCMP/ Dickson Lee
Electric & new energy vehicles

Chinese EVs to capture 15 per cent of European market by 2025: KPMG

Chinese car brands accounted for less than 10 per cent of the 1.28 million battery-powered EVs sold in Europe last year, but have advantages in price and selection that will drive greater sales, economist says.

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Cars await loading onto a ship for export at Yantai Port in east China’s Shangdong Province on May 9, 2023. Photo: Xinhua
Banking & finance

Hong Kong’s employers are in the mood to hire as visitors return

The rush to fill vacancies pushed the city’s unemployment rate down to a three-year low of 3.3 per cent during the December-to-February rolling period, according to the Census and Statistics Department.

Business of climate change

Many Chinese firms are skipping step 1 when it comes to ESG disclosures

Chinese companies trail behind global peers in performing crucial assessments that should precede ESG disclosures to ensure their relevance, according to a study by KPMG.

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Hong Kong society

KPMG China volunteers use their time and skills to empower Hong Kong’s children

KPMG China credits Operation Santa Claus for helping it to connect with organisations that really need support.

KMPG China volunteers read English stories to children. Photo: Jonathan Wong
Accounting and auditing

Is this the end of the road for US-listed Chinese firms as PCAOB review ends?

A landmark review of audits of 168 companies that face possible delisting from US exchanges is coming to an end, with a report expected as soon as year’s end, sources say.

Accounting and auditing

US inspectors arrive at PwC, KPMG in Hong Kong for audit review

Teams of US audit inspectors started a historic review this morning at the Central offices of accounting firms PwC and KPMG, two sources told the South China Morning Post.

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Accounting and auditing

PwC, KPMG are first firms to host US audit regulator in Hong Kong: sources

PwC Hong Kong and KPMG China are the first two audit firms picked by the US audit regulator to carry out soon-to-start historic inspections in Hong Kong, according to two sources.

An aerial view of Hong Kong’s Central District in September 2018. Photo: Winson Wong
Venture capital market

Crypto start-ups will grow into unicorns despite recent shakeout, study finds

Despite the recent implosion of several crypto firms, some start-ups in NFTs and blockchain-based decentralised finance have the potential to become dominant players, according to KPMG and HSBC.

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The Sandbox, is an NFT-based online platform that some see as a precursor to the metaverse. Photo: Shutterstock
Banking & finance

Two-thirds of senior executives expect pay rise, KPMG says

The number of senior executives expecting a pay rise increased by 53 per cent compared with a year ago, while the number foreseeing a fatter bonus is up 66 per cent.

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