KPMG China

This Saturday, 22 March, from 8:30 to 9:30pm, our KPMG China offices will be joining millions around the world in embracing Earth Hour – a powerful reminder of our collective ability to make a difference. As a long-term Silver Corporate Member of WWF-Hong Kong, we have supported Earth Hour for over a decade, switching off non-essential lights as a symbol of our commitment to the planet. This year’s theme, ‘Give an hour for the planet’, encourages us to go beyond switching off the lights and to spend 60 minutes doing something meaningful for the planet – be it volunteering, cooking a plant-based meal, organising a local clean-up or even learning more about sustainability. As part of Our Impact Plan (https://lnkd.in/gCXGatkH), we are committed to reducing our environmental impact and building a more sustainable, resilient future. Earth Hour is a small but powerful way to show that collective action matters. Join us tomorrow at 8:30pm – because every action counts. #OIP #EarthHour2025 #WWF

While Hong Kong is uniquely positioned as a hub for trust services within the GBA, more work is needed to raise awareness among Chinese Mainland investors about the asset protection value of trust structures. Our new report, co-authored with the Hong Kong Trustees’ Association, delves into the opportunities and challenges facing the industry and provides an overview of the major developments: https://lnkd.in/g__HJsXs

Our latest report jointly produced with the Hong Kong Monetary Authority (HKMA) and Quinlan & Associates explores the exciting opportunities and challenges of Distributed Ledger Technology (DLT) in Hong Kong's financial services industry. The report paints a compelling picture of how DLT can unlock new opportunities in the financial services industry and help institutions drive greater competitiveness and resilience within the financial ecosystem.   Ready to learn more? Download the full report here: https://lnkd.in/gNZcWWeJ

The future of marketing and digital transformation was front and centre at Hong Kong Trade Development Council’s MarketingPulse and eTailingPulse 2025, held at the HKCEC on 19 March. Anson Bailey (eMBA), KPMG’s Head of Consumer & Retail, Asia Pacific, led a panel discussion titled “Journey to the AI Era: Unleashing Digital Transformation Potentials.” The session brought together industry leaders Prof. Darren Thayre, Head of Innovation, Global Strategic Initiatives at Google and Brian Hui, Managing Director, Head of Customer Propositions and Marketing for Wealth and Personal Banking at HSBC. They explored critical themes shaping the AI revolution, including AI spending and scalability, workforce evolution in the age of automation with man vs machine and the future of customer engagement strategies Anson says that, while AI is reshaping the marketing and branding landscape, businesses must strike a balance between innovation and responsibility. At the heart of this transformation lies the importance of preserving human connection – ensuring that technology enhances, rather than replaces, meaningful customer interactions.

Ivy Wing Han Cheung, Senior Partner in Hong Kong SAR, Vice Chairman of KPMG China, spoke on “The Future of Board Leadership” at KPMG’s Board Leadership Forum on 17 March. She outlined focus areas for boards in 2025, emphasising the increasing complexity of geopolitical risks and key takeaways from the Two Sessions. According to Ivy, boards must strengthen their oversight of cybersecurity frameworks, climate risk integration and GenAI deployment while navigating a fragmenting global regulatory landscape. Agile governance and proactive risk management must go hand-in-hand in today’s volatile business environment.

KPMG’s Board Leadership Forum on 17 March brought together our experts to explore the evolving landscape of corporate governance and board leadership in 2025, delivering perspectives across strategy, regulation and risk management. Ivy Wing Han Cheung set the stage by introducing “On the 2025 Board Agenda” and “On the 2025 Audit Committee Agenda”, along with top risks and geopolitical trends for 2025 and key takeaways from Two Sessions. Paul Lau analysed how regulatory developments align with Hong Kong’s thriving IPO market, particularly in the technology sector. Alva Lee unpacked HKEX’s new Corporate Governance Code reforms, highlighting crucial changes to INEDs’ tenure and board diversity requirements. Roy Leung examined HKEX’s Review of Issuers’ Annual Reports to guide enhanced financial reporting standards. Michael Monteforte and Jia Ning Song, CFA CPA FRM CAIA detailed frameworks for trusted AI governance and board oversight.   Rounding off the session, Ivor Morris and John Timpany delved into evolving global tax frameworks and Hong Kong budget’s updates. Thank you to our speakers and participants for these valuable discussions on the future of board leadership. 

Our latest report jointly produced with the Hong Kong Monetary Authority (HKMA) and Quinlan & Associates explores the exciting opportunities and challenges of Distributed Ledger Technology (DLT) in Hong Kong's financial services industry. The report underscores the importance of a comprehensive approach to DLT adoption for financial institutions. It emphasises the need for a robust regulatory framework, clear governance structures, and a skilled workforce to ensure a smooth transition to this transformative technology.   Ready to learn more? Download the full report here: https://lnkd.in/gNZcWWeJ

Yesterday, we welcomed over 70 business community female leaders to The Women's Foundation’s Boardroom and C-Suite Leadership Programme 2024-2025 Workshop about “Creating Real Value Through Trusted AI” and had an engaging discussion. Our Technology Consulting Partner Angel Mok shared valuable insights on developing practical skills for the secure and ethical use of AI. Angel highlighted key strategies for business strategy design, process re-engineering, and organizational change through emerging technologies. Thank you to all for your engagement and enthusiasm. Together, we accelerate action to advance gender equity. At KPMG, we are committed to an inclusive, diverse, and equitable workplace where everyone feels valued, respected, and supported, and equally we strive to continuously make a positive impact to the business world.

Unlocking the Power of AI in Insurance The insurance industry is undergoing a rapid transformation, driven by the rise of AI. To help insurers navigate this exciting new landscape, our new report, "Intelligent Insurance: A Blueprint for Creating Value Through AI-Driven Transformation", explores the key trends shaping the future of insurance, including the emergence of agentic AI, the growing importance of data, and the need for a more strategic approach to AI adoption. It also provides a roadmap for insurers to successfully implement AI across their organisations, from building a strong foundation to embedding AI into core workflows and evolving their ecosystems. Download the full report and learn more about how KPMG can help you unlock the power of AI in insurance: https://lnkd.in/gxH9rUjJ To discuss how KPMG can help you navigate the AI revolution in insurance, contact our experts: Erik Bleekrode, Head of Insurance, China and ASPAC, KPMG Arash Ghassemian, Head of Strategy and Operations, Hong Kong, KPMG China Mark Longworth, Global Head of Insurance Advisory, KPMG Mark Prichard, Insurance Technology, Hong Kong, KPMG China Barnaby Robson, Head of Value Creation, China and Lead for FS Deals, Hong Kong, KPMG China #Insurance #DigitalTransformation #FutureofInsurance 

Navigating Hong Kong's evolving employment market: a balancing act for long-term success The Hong Kong Employment Outlook 2025 explores the key trends shaping the city's talent market. Whilst C-suites retain a more optimistic view of increasing or maintaining headcount (76%), the increasing uncertainty creeping in suggests that employers will be more cautious in a challenging market. Download the full report today and gain a deeper understanding of the latest Hong Kong employment market trends: https://lnkd.in/gsjtmYZy   #Employment #Talent #HumanResources