Hong Kong's electronics industry is one of its largest export earners. Many international electronics groups have extensive production facilities in mainland China, while Hong Kong SAR offers a base for management, design, financing and some high value-added production. A growing number of domestic companies in mainland China are competing strongly with the global electronics companies for market share in the local and international markets.
Throughout the technology industry, product lives are becoming shorter as the rate of innovation increases. Technological advantages must be exploited quickly as they will not exist for long and products that a few years ago were status symbols are now commodities (e.g. personal computers, mobile phones).
KPMG has a strong position in the marketplace, providing audit, tax and advisory services to many of the world's leading electronics manufacturers and distributors operating in China. KPMG has experience in dealing with changing market conditions and assisting both multinational clients to operate in mainland China and Chinese clients to gain access to global markets.