KPMG China

In today’s fast paced world, technology is not just an enabler, it’s a game changer. At KPMG China, our technology consulting services are designed to help you navigate the complexities of the new economy. Our experts are here to guide you with our technology consulting services, including but not limited to:   • Technology strategy: We develop, plan, implement and evolve the right transformation initiatives for your business. • Cybersecurity: We help you establish a security and governance strategy to boost your organisation’s cyber defence and response. • Tech risk: We take a strategic approach to understanding and balancing technology risks to help you drive enduring growth. • Emerging technology and cloud integration: We help businesses harness the power of AI, data analytics, and cloud infrastructure.   Dive deeper into the trends shaping the new economy and discover how your business can thrive. Subscribe to our tech-related content on the KPMG Subscription Centre and stay ahead of the curve.   https://lnkd.in/gkE7TqRC

The climate talks in COP29 have concluded. Our digital staff Xiaowei (晓威) continues to share with you a recap of its highlights. During the summit period, KPMG China’s Climate Change and Sustainability Manager Ryan Huang (黄可) said that the shift to clean energy requires a careful balance of both fossil fuels and renewables – a transition that businesses must understand to manage their operations, market position and supply chains effectively. KPMG’s research also shows that alongside renewables, both natural gas and mini-nuclear reactors are key to keeping energy reliable and affordable as we move toward net zero. Explore how your business can prepare for the clean energy future: https://lnkd.in/dtMdX47n 第二十九届联合国气候变化大会（COP29）已圆满结束，我们的数字员工晓威（Xiaowei）继续为大家分享重点回顾。在会议进行同期间，毕马威中国气候变化和可持续发展经理黄可（Ryan Huang）指出，能源转型需要化石能源与可再生能源的协同发展，企业应评估能源转型对运营、业务竞争力和价值链的影响。毕马威研究也发现，除传统可再生能源外，天然气和小型核反应堆等在全球净零转型中，也发挥着保障能源安全和可负担性的关键作用。了解更多有关企业能源转型的资讯:https://lnkd.in/gNbjT5SQ #COP29 #ESG #Sustainability  

As part of the Hong Kong Monetary Authority (HKMA)’s Fintech Training series, KPMG and Quinlan & Associates recently facilitated the “Greentech Forum”. An insightful session into the region’s Green Fintech landscape, exploring the prospects and challenges of integrating this technology into the financial sector.   KPMG China’s Angus Choi started the session with an outlook on Hong Kong’s Greentech market and opportunities for banks, followed by insights from Gemini Yang on the latest Greentech developments in the city. Next, KPMG Singapore’s Anton Ruddenklau shared regional perspectives on ESG Fintech and an assessment of the developing ecosystem. Prof. Kyson Ho from The Chinese University of Hong Kong concluded the session with his practical views on how banks can adopt Green Fintech within their organisation, and the roles Fintech could play now and going forward.   The session was attended by over 80 industry professionals across the banking, securities, insurance and asset management sectors. We hope to continue offering more enlightening and insightful sessions in the future.   #HKMA #FintechTraining #Greentech

COP29 has officially wrapped up in Baku, Azerbaijan. Over the next few days, our digital staff Xiaowei (晓威) will share a recap of what happened on the ground. Throughout COP29, KPMG was at the forefront of climate talks. We were proud to have advanced global climate action through our theme “Accelerating the transformation.” On behalf of KPMG, Daisy Shen 沈莹, Head of Environmental, Social and Governance (ESG) at KPMG China, brought her expertise to COP29. Most importantly, Daisy called on all sectors to work together in addressing climate challenges and driving sustainable transformation. 第二十九届联合国气候变化大会（COP29）已经在阿塞拜疆巴库正式闭幕，在接下来的数天里，我们的数字员工晓威（Xiaowei）将为大家分享会议的重点回顾。在大会期间，毕马威积极走在行动前列，以“加速转型、携手未来”为主题，致力于推动全球气候行动。毕马威中国环境、社会和治理（ESG）主管合伙人沈莹（Daisy Shen）代表毕马威参加COP29， 并分享她的专业洞见。她特别强调，各行各业需要通力合作，携手应对气候挑战，共同推动可持续发展转型。 #COP29 #ESG #Sustainability

After two weeks of negotiations, COP29 officially concluded on 24 November. Besides adopting the “Baku Climate Solidarity Pact,” the conference yielded key agreements on US$300 billion in climate funding for developing nations and established firm rules for carbon markets under the Paris Agreement. KPMG played a major role at COP29 with our campaign “Accelerating the Transformation,” which included over 15 themed events and roundtables. We also released eight in-depth industry reports while actively participating in both COP29 side events and activities at the China Pavilion. Working alongside industry partners, KPMG is proud to have helped drive momentum for global climate action at this pivotal conference. #COP29 #ESG #Sustainability

Most private wealth management firms in Hong Kong report that their current implementation of AI is either improving or drastically improving customer satisfaction, with Know your Customer processes and client onboarding identified as the most effective focus areas for implementation.  Read more about the growing influence of artificial intelligence and other opportunities for the sector in the Private Wealth Management Report 2024 from KPMG China and the Private Wealth Management Association (PWMA): https://lnkd.in/gW_sAQBF

The large majority of private wealth management firms in Hong Kong are optimistic about the market's outlook over the next five years, citing the growing family office sector and Hong Kong SAR’s role as a super-connector with the Chinese Mainland. However, while the Chinese Mainland is projected to remain the biggest source of wealth, many firms are also targeting new clients in Southeast Asia (21% of firms) and the Middle East (15% of firms). Get a deeper understanding of these opportunities, including the growing role of AI, in the recently released Private Wealth Management Report 2024 from KPMG China and the Private Wealth Management Association (PWMA): https://lnkd.in/gW_sAQBF

KPMG will participate in the upcoming Accounting and Financial Reporting Council (AFRC) Regional Regulatory Forum 2024 on 2 December. This important event brings together regulators from across the region to share best practices and promote high-quality auditing. It aims to strengthen investor protection, support accounting professional development, and position Hong Kong as a leading international financial hub. KPMG International’s Global Chairman & CEO Bill Thomas will lend his expertise on the panel “Exploring the Evolution of Corporate Reporting: From Past Experience to Future Innovations”. Roy Leung, KPMG Partner and President of the Hong Kong Institute of Certified Public Accountants (HKICPA), will also be a panellist discussing “The Next Era in Talent Management”. #AuditQuality #RegionalRegulation #TalentDevelopment (Photo credit: AFRC)

This morning at the Private Wealth Management Summit, attended by over 1,000 senior executives and industry members, KPMG’s Jia Ning Song, CFA CPA FRM CAIA and Vivien K. from the Private Wealth Management Association (PWMA) had a lively discussion and fielded audience questions about the key findings of this year’s Hong Kong Private Wealth Management Report. Released today, the report is based on a survey of 35 of the PWMA’s PWM institution members, as well as interviews with senior industry executives, front office personnel, in-house technology staff, and technology vendors. You can read the full report here: https://lnkd.in/gW_sAQBF #WealthManagement #WealthIndustry (Photo credit: Private Wealth Management Association) 

The court looked at the source and apportionment issues of trademark sub-licensing income. Click here for more details: https://lnkd.in/gN95pG6s #HongKong #Tax