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Banking and capital markets
Adapting to changes and building up momentum toward high-quality development – EY releases Listed banks in China: 2023 review and outlook report
HONG KONG, 14 MAY 2024 – EY Greater China region today released its Listed Banks in China – 2023 review and outlook report (Executive summary). The report delves into the latest changes in the operating performance, asset quality, business structure and operating model of 58 listed banks in China in 2023. It also sheds light on the transformation efforts made by these banks through a review of their development over the past five years. During this period, uncertainty has become the new normal, with profound changes in the macro environment. Despite facing a complex and turbulent business environment, listed banks have embraced and adapted to changes, sought progress while maintaining stability on the path to achieving high-quality development.
14 May 2024 Hong Kong SAR
Tax
EY supports InvestHK in issuing the “Setting up a family office in Hong Kong” guidebook — Empowering global family offices to thrive in Hong Kong
HONG KONG, 23 APRIL 2024 — EY supports Invest Hong Kong (InvestHK), a department of the Government of the Hong Kong Special Administrative Region (“HKSAR government”) to prepare the Setting up a family office in Hong Kong guidebook (the “Guidebook”) and offers professional consulting services. This Guidebook has been curated to provide insight into the opportunities available for family offices in Hong Kong and its supportive ecosystem.
23 Apr 2024 Hong Kong SAR
More press releases
EY renews MoU with PolyU, forging ahead in the endeavor of ESG development in Hong Kong
HONG KONG, 27 MARCH 2024 — Ernst & Young Advisory Services Limited (EY) signed a Memorandum of Understanding (MoU) with the Hong Kong Polytechnic University (PolyU), represented by the Center for Economic Sustainability and Entrepreneurial Finance (CESEF) of the School of Accounting and Finance (AF) on 25 March to strengthen the existing collaboration toward the shared goal of making headway for developments in environmental, social and governance (ESG) and beyond.
27 Mar 2024
From family to society — HKUST and EY jointly publish the Landscape of Family Offices in Greater China Report 2024
HONG KONG, 12 MARCH 2024 — Hong Kong University of Science and Technology (HKUST) Roger King Center for Asian Family Business and Family Office ("the Center") and EY Family Enterprise team (“EY”) today announced the publication of the Landscape of Family Offices in Greater China Report 2024 (the "Report"). Combining academic research and industry expertise, the report provides a comprehensive and insightful analysis of the family office landscape in Greater China. Findings in the report suggest that Chinese mainland families are the primary driving force behind the development of family offices in Hong Kong and that attracting Chinese mainland families is to be focalized.
12 Mar 2024
EY comments on Hong Kong Budget 2024-25 — Building confidence and vitalizing the economy with a balanced approach
HONG KONG, 28 FEBRUARY 2024 — The Hong Kong SAR Government (the Government) announced the Hong Kong Budget 2024-25 (the budget) today, in which a revised deficit of HK$101.6 billion will be recorded for the financial year 2023-24, which is almost double of their original forecast of HK$54.4 billion. Amid uncertainties in the global economic outlook, the Financial Secretary (FS) adopted a balanced approach in the budget to relieve people's hardship while simultaneously revitalizing the economy.
28 Feb 2024
