KPMG China

Hong Kong Exchanges and Clearing Limited (HKEX) has published its new consultation on optimising IPO price discovery and open market requirements, as well as the conclusions on improvements to the Corporate Governance Code. Read the news and contact Paul Lau for more insights: https://lnkd.in/g24_uNWW | https://lnkd.in/gXHvb5uS “HKEx’s proposals for enhancements to the open market requirements aim to provide greater flexibility for A-share issuers to list in Hong Kong and to ensure their shares have sufficient liquidity for trading in the Hong Kong market.” 香港交易所發佈了有關優化首次公開招股 (IPO) 定價和公開市場的諮詢, 以及有關優化企業管治守則的咨詢總結。閲讀有關詳情並聯絡 Paul Lau 了解更多信息。https://lnkd.in/gacxPW_v | https://lnkd.in/g6mwqCZr “作爲内地與世界各地的超級聯繫人, 香港資本市場對於有意擴大國際投資者群的A股公司極具吸引力。港交所這次對公開市場的優化建議旨在為A股發行人來港上市提供更大靈活度, 並確保他們的股票在香港市場有充足的流動性進行交易。” #HongKongMarket #CapitalMarkets #Regulatory

Hong Kong Exchanges and Clearing Limited (HKEX) has published its new consultation on optimising IPO price discovery and open market requirements, as well as the conclusions on improvements to the Corporate Governance Code. Read the news and contact Paul Lau for more insights: https://lnkd.in/g24_uNWW | https://lnkd.in/gXHvb5uS “The proposals to optimise IPO price discovery and open market requirements are designed to enhance the competitiveness of the city’s listed securities market. Meanwhile, the CG Code enhancements will elevate the corporate governance practices of Hong Kong issuers to a higher standard.    Both initiatives will contribute to promoting the resilience and sustainable growth of Hong Kong’s capital market, thereby cementing its position as a leading international financial centre.” 香港交易所發佈了有關優化首次公開招股 (IPO) 定價和公開市場的諮詢, 以及有關優化企業管治守則的咨詢總結。閲讀有關詳情並聯絡 Paul Lau 了解更多信息。https://lnkd.in/gacxPW_v | https://lnkd.in/g6mwqCZr “港交所昨天公布了兩項資本市場改革, 以進一步強化香港作為世界頂尖上市和集資市場的基礎。優化 IPO 定價及公開市場的要求旨在提升香港證券市場競爭力, 同時, 企業管治守則的優化將加强香港上市公司的企業管治水平。這兩項措施有助促進香港資本市場的韌性和可持續增長, 從而鞏固香港作為國際金融中心的領先地位。” #HongKongMarket #CapitalMarkets #CoporateGovernance #IPO #Regulatory

On December 16, KPMG China successfully hosted the “Leading PropTech 50 New Quality Practice Awards Ceremony” at its brand-new office, KAMPUS. The event opened with video addresses by Michael Jiang, Head of Clients and Markets at KPMG China, and James Suglia, Global Head of Asset Management at KPMG.    Jacy Li, Head of Real Estate and Building Construction at KPMG China, presented the “2024 PropTech Trends and Outlook” report. Bo Li, General Manager of Longfor Group Digital Intelligence Engine & Longfor Smart Manufacturing Qianding Digital Tech, delivered an inspiring keynote speech on the key technological elements driving the development of PropTech.    David (Yongjian) Pan, Partner at Llinks Law Offices, provided an in-depth analysis of critical legal challenges in PropTech, focusing on algorithm registration, data compliance, and technology ethics. The first panel discussion, moderated by Mark Liu, Director of Transformation Advisory at KPMG China, explored multi-dimensional development paths such as digitalisation, sustainability, industrialisation, and operational efficiency. Panelists included Yanxue Liang, Founder of WeiBuild Tech; Elvis Li, Founder & CEO of isBIM Limited; and Aaron Lau, Head of ESG & Risk for GLP Asset Service Platform. In the second panel, Ryan Li, Partner of Transformation Advisory at KPMG China, led discussions on PropTech advancements, AI applications, and transformation opportunities. Panelists Desmond Ho, Head of Digital Services for Arup China; Jian Han, Founder & CEO of Circles Tech; and Lingling Liu, General Manager of Greentown Chunling Group, shared unique perspectives from their respective fields. The award ceremony was hosted by Gary Zhou, Chief Marketing Officer of KPMG China. Looking ahead, KPMG China remains committed to partnering with industry leaders to shape a smarter, more sustainable, and resilient industry ecosystem, driving high-quality development in China’s PropTech industry. #PropTech #SmartBuildings #ESG

The MIPIM Asia Summit 2024, the premier property leaders’ summit in Asia Pacific, was held from 3 to 4 December in Hong Kong. KPMG’s Anson Bailey (eMBA) provided an update on our recent survey of over 7,000 consumers across Asia Pacific. He also moderated the retail panel, discussing key trends and insights from industry leaders on evolving retail strategies, leasing trends, luxury and F&B sectors, and growth opportunities with a focus on revitalising properties in prime locations. #RealEstate #Property #RetailStrategies (Photo credit: MIPIM)

As we celebrate the holiday season, I want to take a moment to extend my warmest greetings to all our colleagues, clients, and partners. This festive time reminds us of the importance of spending quality moments with those we cherish, reflecting on our achievements, and preparing for a fresh start in the coming new year.    2024 has been a year of growth and resilience for KPMG China and I am confident 2025 will be as fulfilling, not just for our firm but for Hong Kong as a whole. Our city continues to play a crucial role as an international financial centre and a super-connector of the world, making us proud to be a part of this dynamic and influential landscape.    Wishing you a Merry Christmas and looking forward to continuing our joint success in 2025.

Paul Lau, Head of Capital Markets and Head of Professional Practice at KPMG China, shared his insights on the Hong Kong capital markets at the KPMG CFO Series. Despite starting the year slowly, Hong Kong IPOs have picked up momentum significantly in the second half, and is set to reclaim a top five spot in global IPO markets for 2024. The ETF market is also gaining popularity, with ETF trading reaching a record high in October.   The 10th anniversary of Stock Connect, coupled with growing connectivity with the Middle East reinforces Hong Kong’s role as a super connector and as an international financial center. Looking ahead to 2025, despite uncertainty around global trade policies and geopolitics, Paul remain optimistic over Hong Kong’s strong position for continued IPO growth and ETF market expansion, backed by Hong Kong Exchanges and Clearing Limited (HKEX)’s strategic focus on market efficiency and competitiveness. #HongKongFinance #GlobalMarkets #CapitalMarkets

The KPMG China Chairman's Awards are given to those outstanding colleagues and teams who have displayed a sustained commitment or made a significant impact to improving social or environmental issues. This year, 12 individuals/team at KPMG China have received the annual Chairman’s Awards. These winners have devoted their time over the past year by injecting innovative ideas to address social issues, leading and participating in CSR events, and encouraging more people around them to volunteer. We are proud of these colleagues and the important contributions they make to our communities, bringing to life our KPMG value, ‘For Better’.

2024 was a strong year for virtual assets, which benefited from broader political support and spot ETF approvals. Further propelled by current macroeconomic trends, the global virtual asset market is well positioned for wider mainstream adoption in 2025. What are the latest virtual asset trends and how will they influence the market’s development in 2025? Learn more by downloading our Virtual Assets 2024 review and 2025 outlook report here: https://lnkd.in/gD59QNpm #VirtualAssets #Bitcoin #Crypto

KPMG International announces a year of robust growth in 2024, with 5.1% increase in revenues to US$38.4bn. Honson To, Chairman of KPMG Asia Pacific and KPMG China: ‘In the fiscal year of 2024, KPMG once again achieved significant success amidst a year filled with challenges and change. The international landscape is currently undergoing profound changes unseen in a century, with a new round of technological and industrial revolution sweeping across the globe. Over the past year, KPMG in the Asia Pacific region has been actively investing in and sharing insights on AI, digitalisation, ESG and other areas, whilst adopting a nimble approach to navigating the ever complex and changing environment. I am confident that our solid and comprehensive expertise, enterprising spirit of innovation and indomitable resilience will continue to allow KPMG to win the trust of the people and organisations with whom we interact.” Find out more at: https://lnkd.in/g9rwKNeA

Following the recent International Infrastructure and Projects Leaders Summit (IIPLS) in Hong Kong, KPMG’s Kirsten Mundy welcomed the 7th Cohort of the Major Projects Leadership Programme (MPLP) at the Launching Ceremony on 16 Dec 2024. Organised by the Project Strategy and Governance Office (PSGO) and under the Centre of Excellence for Major Project Leaders, MPLP has provided high-level project management and leadership development training to government leaders in charge of delivering public works projects since 2019. The 2024/25 MPLP cohort includes representatives from major public institutions, engineering consultants, and contractors, in addition to government leaders. This composition reflects a dedication to fostering increased collaboration for the long-term development of Hong Kong and establishing the city as an International Infrastructure Centre. Please refer to this link for more details: https://lnkd.in/gfWdub5f Joseph Lo | Ivy Wing Han Cheung | ChiSum Li, CFA, CPA                                                                                                      #HongKong #Infrastructure #Leadership