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KPMG

KPMG
The lastest news on KPMG, including company news, top stories and updates.
Kevin Warsh testifies before a Senate Banking Committee confirmation hearing on Capitol Hill in April. Photo: Reuters
United States

US Senate confirms Trump pick Kevin Warsh to Federal Reserve Board

The decision clears the way for Warsh to take over the role of Fed chair from Jerome Powell later this week.

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China-EU relations

EU plan to rip out Chinese hardware will cost massive US$430 billion: report

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Hong Kong economy

24% of Hong Kong firms to widely adopt AI, with smaller headcounts expected: KPMG

Artificial intelligence

Chinese AI and robotics firms appoint millennial, Gen Z stars as chief scientists

Young talent drive AI innovation at Chinese tech firms, focusing on fundamental research and strategic planning for future technologies.

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Futuristic tech companies such as AgiBot are appointing a new crop of fresh faced millennial and Gen Z talent to take on top jobs of chief scientist. Photo: Reuters
United States

US inflation cools more than expected, kindling hopes of Fed rate cut

The consumer price index rose 2.4 per cent year-on-year, the lowest level since May, though affordability concerns still weigh on households.

United States

US trade deficit widens sharply, reversing big pullback lauded by Trump

The US president touted the success of his tariffs after the trade gap fell to an earlier low, but the figure has since boomeranged back.

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China travel

‘Structurally hurt’: why are Chinese tourists spending less abroad than before?

China’s outbound travel sector has bounced back from the pandemic, but the era of duty-free shopping sprees appears to be over.

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Customers shop for skincare products at a duty-free shopping mall in China’s southern Hainan province. China has opened up to more duty-free retail in recent years, reducing the need for Chinese tourists to splash out while abroad. Photo: Getty Images
Singapore

Singapore businesses list rising costs and tariffs as their biggest challenges

A new survey shows supply chain difficulties, unfamiliarity with new markets, and lack of funding are also key hurdles for local firms.

China travel

China’s service sector shines as holidaymakers eye bespoke adventures with pets

While broader consumption remains soft, demand for personalised itineraries and snow sports is growing, offering a boost to the holiday economy.

Hong Kong economy

Editorial | Hong Kong’s IPO market rings in 2026 on a high note

The city catapulted itself into the global top spot for initial public offerings in 2025, with another strong pipeline of listings expected this year.

Bonnie Chan Yiting (centre), CEO of Hong Kong Exchanges and Clearing, with (left to right) Li Yi, chairman of Beijing 51WORLD Digital Twin Technology; Alex Zhavoronkov, chairman and CEO of Insilico Medicine; Li Zhichen, chairman and CEO of OneRobotics (Shenzhen); Sun Laichun, chairman of Shanghai Forest Cabin Cosmetics Group; Geng Dawei, executive director and general manager of Shenzhen Xunce Technology; and Brian B.Y.Chen, chairman of USAS Building System (Shanghai). The six companies began trading on the Hong Kong exchange on December 30. Photo: Sun Yeung
IPO

Insilico Medicine leads 6 Hong Kong IPOs, capping banner fundraising year

Debutants raise total of US$899 million as exchange wraps up one of the most active months for IPOs since 2021.

Executives of the six companies celebrate their listings in a gong ceremony at Hong Kong Exchanges and Clearing in Central on December 30, 2025. Photo: Sun Yeung
Accounting and auditing

Hong Kong accounting firms plan hiring spree and embrace AI to attract talent

KPMG, Deloitte and EY boost hiring and invest in AI to lift efficiency and attract talent amid rising demand for tech-savvy professionals.

Banking & finance

Global firms turn to M&A in EVs and biotech to deepen China investment: KPMG

Survey of multinational corporations finds optimism in life sciences, healthcare and manufacturing, with half forecasting revenue growth.

Banking & finance

Hong Kong taps Value Partners, 9 others to manage US$385 million residency fund

Government investment arm HKIC also names Primavera among managers of CIES IP, which focuses on Hong Kong’s long-term development.

The 10 asset managers appointed span venture capital, private equity, private credit and hedge funds. Photo: Sun Yeung
Banking & finance

JPMorgan, DBS, Standard Chartered bosses swap deals for sneakers in charity run

Chairmen and CEOs join regulators and financiers in The Community Chest HKEX Gong Run to raise US$1.2 million.

Top bankers and regulators took part in The Community Chest HKEX Gong Run on Sunday. Photo: Jonathan Wong
Asean

Widodo hails Southeast Asia’s rise as ‘global force’ in entrepreneurship

Former Indonesian leader says the next unicorn could emerge from Southeast Asia and urges the region to prepare for an ‘intelligent economy’.

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Malaysia

Malaysia’s start-ups shiver through a venture capital deep freeze

Global risk capital has fled Asia, with the region’s entrepreneurs left to fight over a dwindling pool of funds.

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China property

How China’s ‘emotional spending’ trend is transforming shopping malls

Pop Mart takes over prime spots once reserved for high-end luxury brands as retail landlords scramble to adjust to changing consumer habits.

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Customers look at Labubu merchandise at a Pop Mart shop in Shanghai on August 29, 2025. Photo: AFP
Wealth management

Hong Kong roars ahead as top wealth hub, overtaking Singapore

Nearly 45 per cent of top global private banks say their affluent clients prefer Hong Kong over other wealth management centres: PWMA report.

HKEX

Hong Kong’s women leaders drive finance talent and economic growth: Paul Chan

Nearly 60 per cent of business students are women – and they are the future fintech innovators and next-gen CEOs, financial secretary says.

Women and gender

Editorial | Women’s leadership in finance affirms Hong Kong’s commitment to diversity

While there is still more work to be done, the city has made considerable progress on advancing gender equality in the financial sector.

Members of Women Chief Executives Hong Kong gather with Financial Secretary Paul Chan Mo-po on May 9. Photo: Handout
Hong Kong society

Opinion | Hong Kong must do more to empower women in the workforce

Women are shattering the glass ceiling, but the city has a long way to go to truly be a leader in workplace gender equality.

People walk past a stock ticker outside Exchange Square in Hong Kong, on March 16, 2023. Photo: EPA-EFE
Jobs

Global companies ratchet up job cuts amid weak sentiment, AI push

The occupations most likely to be affected would be where entry-level work is replaced with automation, Bank of America economists say.

Banking & finance

Glass ceiling shattered: 45% of top Hong Kong financial sector roles go to women

Regulatory changes and shifting corporate culture drive up the number of women taking up senior positions and directorships, a report says.

Banking & finance

Hong Kong set for IPO flurry next week with Sany leading the charge

Shares of China’s biggest construction machinery manufacturer will debut on October 28, alongside three other new stocks.

The Exchange Square in Central. Photo: Jelly Tse
China food security

‘Extremely dangerous’: why China’s 5-year plan will double down on food security

Beijing has made huge strides in its self-sufficiency push – but trade tensions, climate risks and supply-chain shocks keep fears alive.

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Illustration: Henry Wong
Hong Kong racing

Mo slots running double, while Sky Trust continues hot form of Fownes and Wong

Motor and the heavily-backed Emblazon hand trainer a race-to-race brace as veteran handler and apprentice strike again.

IPO

Editorial | IPO allotment rule changes make market healthier as a whole

Retail investors not being able to buy hot stocks until after prices have settled following an IPO is not necessarily a bad thing.

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