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Press Releases - 2011 news

Welcome to our press releases section. Here you will find KPMG China's press releases, news and media contact.

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2011 news

Liquidity and Basel III reforms are high on the agenda for Asia's banks, says KPMG report

(19 Dec 2011) Banks across Asia face a tough 2012, with ongoing concerns about liquidity and key regulatory reforms due to be implemented, according to KPMG's new report, Evolving Banking Regulation.

KPMG wins court approval to make a HKD500 million interim payment to MF Global Hong Kong clients

(15 Dec 2011) The Provisional Liquidators (PLs) of MF Global Hong Kong Limited (MFG) are pleased to announce that the Hong Kong Court has this morning approved an interim distribution of up to HKD500 million of clients' monies.

Lehman HK liquidators to pay over USD1.5 billion in dividends to creditors

(14 Dec 2011) The Liquidators of Lehman Brothers Asia Holdings Limited (in Liquidation) announce their intention to pay a second interim dividend.

China's logistics companies to benefit from e-commerce and a rising consumer base, says KPMG report

(13 Dec 2011) China's logistics sector faces a number of challenges however a recent e-commerce boom and rising domestic consumption are helping to offset these, according to KPMG’s latest report.

KPMG Reports FY11 Revenues of US$22.7 Billion

(12 Dec 2011) KPMG announced member firm combined revenues totalling $22.7 billion for the fiscal year ending September 30, 2011, a 10.1 percent increase in U.S. dollars, or 6.2 percent in local currency terms.

Provisional Liquidators appointed to MF Global Hong Kong

(2 Nov 2011) KPMG's Patrick Cowley, Fergal Power and Lui Yee Man, Rosalie were appointed as Joint and Several Provisional Liquidators by the High Court of Hong Kong S.A.R. over MF Global Holdings Hong Kong Ltd and MF Global Hong Kong Ltd.

China's securities brokers make moves to expand overseas, says KPMG survey

(25 Oct 2011) China's largest securities brokers are setting their sights on expansion and overseas listing opportunities, according to KPMG China's latest survey of the sector.

Hong Kong's banks face rising liquidity and credit quality concerns, says KPMG survey

(3 Oct 2011) Despite a strong performance for 2010, Hong Kong's banking sector faces liquidity and credit quality concerns as well as an impact from the current European debt crisis, according to KPMG's latest Hong Kong banking survey.

China's banks post strong profits, ahead of foreign counterparts, says KPMG survey

(19 Sep 2011) China's banking sector posted another year of strong growth for 2010, ahead of their foreign counterparts in the country, according to KPMG's latest annual survey of China's banking sector.

MNCs look to shift sourcing across Asia, as China's costs rise

(15 Sep 2011) With increasing labour costs, rising inflation and a strengthening currency, China is losing its foothold as the world’s lowest cost manufacturer of consumer goods.

Lehman Brothers Holdings Inc. and Lehman Hong Kong Entities Reach Settlement

(4 Aug 2011) Lehman Brothers Holdings Inc. (LBHI) and the Liquidators for Lehman Hong Kong (KPMG China Partners Paul Brough, Edward Middleton and Patrick Cowley) have reached an agreement settling all intercompany claims.

China's trusts overtake retail funds as key players in this market, says KPMG report

(25 Jul 2011) China's trust companies have for the first time overtaken retail funds in terms of assets under management (AUM), finds a recent KPMG report.

China's trusts overtake retail funds as key players in this market, says KPMG report

(25 Jul 2011) China's trust companies have for the first time overtaken retail funds in terms of assets under management (AUM), finds a recent KPMG report.

Asia Pacific deal volumes decline, values rise, finds KPMG M&A survey

(18 Jul 2011) Asia-Pacific remains one of the most active M&A markets however deal volumes have declined while values have risen, according to the latest Global M&A Predictor report from KPMG.

Banks and credit cards are biggest beneficiaries of a meteoric rise in mobile payment services, says KPMG survey

(13 Jul 2011) Banks and credit card companies are set to be the biggest beneficiaries of a meteoric rise in mobile payment services, according to the latest global survey of business executives by KPMG.

Sean Gilbert joins KPMG China as Director of Climate Change & Sustainability

(4 Jul 2011) KPMG China is pleased to announce the appointment of Sean Gilbert to the position of Director, Climate Change & Sustainability (CC&S) practice.

Shanghai to become world's largest financial centre, as China continues to open its capital markets, finds KPMG report

(17 Jun 2011) Shanghai is on track to becoming the world's largest financial centre within the next decade, as China continues to open up its capital markets and expand its investor base.

A rise in M&A for China's pharmaceutical sector, finds KPMG report

(10 Jun 2011) Multinationals and large domestic players are set to grab a larger share of the pharmaceutical market in China, as healthcare reforms start to play an increasingly important role.

Comprehensive, high-quality carbon accounting needed for entities in order for them to be well-placed to benefit from the low-carbon economy

(2 Jun 2011) This press release is only available in Chinese. Please view the Chinese page for details.

Chinese luxury consumers opt for Hong Kong jewelry and European heritage brands, finds KPMG report

(16 May 2011) French, Italian and Hong Kong brands have emerged as the top choices for purchases by China's luxury-conscious consumers, according to a new KPMG report.

KPMG appoints Michael J. Andrew as Global Chairman; first to hold role from the Asia-Pacific region, based in Hong Kong

(12 May 2011) Asia Pacific and Australian Chairman Succeeds Tim Flynn on Completion of His Term

KPMG response to Hong Kong District Court Decision

(28 Apr 2011) The Hong Kong District Court today acquitted a member of KPMG's staff of all charges related to alleged corruption offences.

KPMG China appoints Stephen Yiu as Chairman

(28 Feb 2011) KPMG China is pleased to announce Stephen Yiu's appointment as Chairman. Stephen succeeds Carlson Tong for a four year term on April 1, 2011.

KPMG's Hong Kong Budget Commentary

(24 Feb 2011) The Financial Secretary presented the 2011 - 12 Budget off the back of a strong rebound in the economic fortunes of Hong Kong.

KPMG to Provide Broader Global Outsourcing Advisory Services Through Acquisition of EquaTerra

(22 Feb 2011) KPMG LLP (US), KPMG Holdings Limited (UK) and KPMG International today announced the closing of an agreement to acquire the business of advisory firm EquaTerra.

KPMG sees rise in cross-border M&A activity for Chinese firms

(10 Feb 2011) Multinationals are increasingly looking further afield for acquisition opportunities to markets in Asia, in particular China, according to the latest KPMG International Global M&A Predictor.

KPMG hires Head of Debt Advisory for Asia

(9 Feb 2011) Richard Dawson joins KPMG as head of debt advisory, based in Hong Kong.

Statement Regarding the Passing Away of Wilson Wan Wai Shun, a Professional with KPMG in Hong Kong

(17 Jan 2011) KPMG announces with deep sadness, the tragic passing away of our colleague Wilson Wan Wai Shun, a professional with KPMG in Hong Kong.

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For media enquiries, please contact:

Nina Mehra

Senior Manager, Media Relations

KPMG China

+852 2140 2824 (Direct)

+852 9724 6092 (Mobile)

nina.mehra@kpmg.com

© 2013 KPMG Advisory (China) Limited, a wholly foreign owned enterprise in China and KPMG Huazhen (Special General Partnership), a special general partnership in China, are member firms of the KPMG network of independent member firms affiliated with KPMG International Cooperative (“KPMG International”), a Swiss entity. All rights reserved.

© 2013 KPMG, a Hong Kong partnership and a member firm of the KPMG network of independent member firms affiliated with KPMG International Cooperative (“KPMG International”), a Swiss entity. All rights reserved.

The KPMG name, logo and “cutting through complexity” are registered trademarks or trademarks of KPMG International.

KPMG International Cooperative (“KPMG International”) is a Swiss entity. Member firms of the KPMG network of independent firms are affiliated with KPMG International. KPMG International provides no client services. No member firm has any authority to obligate or bind KPMG International or any other member firm vis-à-vis third parties, nor does KPMG International have any such authority to obligate or bind any member firm.

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The China cloud takes shape

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Press Releases - 2011 news

2011 news

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