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

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China is top sourcing destination for MNCs outside their home country, finds KPMG survey

(13 May 2013) China is the top sourcing destination for global manufacturing companies outside of their home country, as they increasingly move to maintain their R&D units closer to their production base...

Chinese consumers see fastest uptake in widespread use of digital media, finds KPMG survey

(8 May 2013) Urban consumers in China are leading the charge in terms of how they make online purchases and their use of media content, according to a new KPMG survey.

M&A activity set to rise for China's healthcare and pharmaceuticals sectors, finds KPMG report

(16 April 2013) China's life science sector will see rising mergers and acquisitions and joint ventures, mainly triggered by a growing middle class, aging population and continued urbanization, according to a recent KPMG report on the sector.

KPMG advises CNOOC on acquisition of Canada’s Nexen, expects rise in China M&A

(7 Mar 2013) KPMG is pleased to announce its role as advisors to the recently completed CNOOC acquisition of Canadian oil company Nexen, in a deal mooted as China's largest foreign M&A transaction to date.

KPMG’s response to the Hong Kong Budget 2013-14

(27 Feb 2013) KPMG China supports the Hong Kong Government’s announcement to review its public finances strategies amid future challenges such as an aging population and prior committed spending on infrastructure.

Capital, liquidity and FATCA compliance are top issues for banks in Asia, finds KPMG report

(20 Feb 2013) Capital, liquidity and FATCA compliance are top issues for banks in Asia, finds a recent KPMG report on banking regulations.

KPMG forecasts a HK budget surplus of HKD23.7 billion for 2012/13

(4 Feb 2013) The Hong Kong SAR Government is set to record a consolidated budget surplus of HKD23.7 billion for the fiscal year 2012/13, against a deficit of HKD3.5 billion originally estimated by the Government, according to KPMG China forecasts.

Launch of the M3 Global Series: Program provides a unique platform for sustained, recurring global macroeconomic dialogue

(30 Jan 2013) From January 18–21, the Macroeconomic Research Department of the Development Research Center (DRC) of China’s State Council, with the support of KPMG and other leading global partners, held its first M3 global series event in Beijing.

Chinese luxury consumers are increasingly purchasing overseas; cosmetics, watches and bags are their top choices, finds KPMG survey

(22 Jan 2013) The number of travelling Mainland Chinese continues to rise and global luxury brands are subsequently adapting their business strategies, both in China and in their home markets, according to KPMG’s sixth annual publication on the sector.

China is top investment choice for global automakers, says KPMG survey

(10 Jan 2013) China is the top investment destination for global automakers due to significant domestic demand and export opportunities, according to KPMG’s fourteenth annual Global Automotive Executive Survey.

KPMG Advises Sinopec on Acquisition of Talisman’s UK North Sea Business

(27 December 2012) Sinopec announced on 23 July 2012 that their overseas investment arm, SIPC, would acquire a 49% equity interest in Talisman Energy Inc.’s UK subsidiary for about US$1.5 billion.

KPMG Certified Tax Advisor (Shanghai) Co., Ltd. Formally Established

(21 December 2012) At a grand opening ceremony today, KPMG China announced the formal establishment of KPMG Certified Tax Advisor (Shanghai) Co., Ltd.

Funds raised for IPOs in Hong Kong set to reach HKD125 billion in 2013, forecasts KPMG

(18 Dec 2012) KPMG forecasts funds raised for IPOs in Hong Kong to reach HKD125 billion in 2013, after hitting a four-year low in 2012, on the back of a revival of China's economy and as IPO sentiment improves.

KPMG 2012 REVENUES REACH US$23 BILLION

(13 Dec 2012) KPMG announced record-high combined revenues of US$23.03 billion for the fiscal year ending 30 September 2012, representing a 4.4% increase over the previous year in local currency terms.

China’s securities brokers to widen product offering amid falling margins, says KPMG report

(26 Nov 2012) China's securities brokers are set to broaden their product scope and services amid regulatory changes and diminishing margins, according to KPMG China's latest survey of the sector.

Risks from increased regulations set to rise in Asia, finds KPMG survey of in-house General Counsel

(21 Nov 2012) An increase in the volume and complexity of regulations is the greatest risk to organizations over the next five years, according to a recent global KPMG survey which charts the views of 320 in-house General Counsel (GC).

Investment in China: Numbers and Trends (3rd Quarter, 2012) - China’s Economy continued to slow but positive leading market indicators point to future growth

(20 Nov 2012) Today, KPMG’s Global China Practice (GCP) in Beijing issued the 3rd quarter Investment in China: Numbers and Trends (originally KPMG Review of China’s Economic Globalization).

China’s banks post strong profits, foreign counterparts outperform, says KPMG survey

(26 Sep 2012) China's banks posted strong growth for 2011 and the first half of 2012, mainly driven by a growing deposit base and increased net interest margins, according to KPMG’s latest annual survey of the mainland banking sector.

MNCs plan to increase investment in China’s chemicals industry, finds KPMG survey

(19 Sep 2012) China’s chemical industry is set to continue to expand, with a majority of global respondents in a recent KPMG survey indicating that the country is their top investment location, as capital will increasingly be deployed there.

Hong Kong's banks face an uncertain outlook, due to increased pressure on revenues and higher costs, says KPMG survey

(12 Sep 2012) Ongoing global economic malaise and a benign investment market, has led to slowing activity and an uncertain outlook for Hong Kong’s banking sector, according to KPMG’s latest annual report.

KPMG Review on China’s Economic Globalisation: First Edition - China’s Economy Expected to Maintain Stable Growth in the Second Half of 2012

(15 Aug 2012) Today, KPMG's Global China Practice (GCP) issued the first edition of the KPMG Review of China's Economic Globalisation in Beijing.

China's overseas investments into Australia likely to rise, says KPMG report

(1 Aug 2012) Chinese investment into Australia is likely to continue to rise as SOEs become more commercially minded and expand their use of a variety of entry strategies, according to a new report by KPMG & University of Sydney China Studies Centre.

KPMG: Localisation "best thing for KPMG in China"

(31 Jul 2012) In remarks at a press conference today marking the establishment of KPMG Huazhen (Special General Partnership), Michael Andrew, Global Chairman of KPMG International, said: "We believe that localisation is the best thing for KPMG in China."

China's trusts may overtake insurance as the second largest sector for financial services, finds KPMG report

(18 Jul 2012) China’s trusts may overtake insurance as the second largest sector for financial services, due to rapid growth which is being driven by abundant liquidity and a corresponding shortage of investment options in China.

KPMG Huazhen Approved for Special General Partnership Conversion

(9 Jul 2012) We are pleased to announce that the Ministry of Finance of the People’s Republic of China (“MOF”) has approved on 5 July 2012 the conversion of KPMG Huazhen to a special general partnership ( “SGP” ).

Multinationals refocus in China to offset wage inflation and increased domestic competition, finds KPMG report

(4 Jul 2012) China remains a strategically important market for multinationals (MNCs), however they also face a number of challenges as they expand their footprint in the world’s second largest economy, according to a recent KPMG report.

China and the US lead the way for new technology innovation, cloud and mobile see highest take-up, says KPMG survey

(27 Jun 2012) China and the US are set to lead the way for new global technology innovations, with cloud and mobile technologies seeing the largest take-up amongst consumers, according to KPMG LLP’s latest Global Technology Innovation survey.

China manufacturing moves up the value chain, as labour and currency costs rise, says KPMG survey.

(4 Jun 2012) Rising costs in Mainland China have triggered a shift of labour-intensive manufacturing further inland and in some cases, overseas to lower cost countries across Southeast Asia and South Asia.

Banks across Asia face rising costs to implement Basel III liquidity rules, says KPMG

(4 Jun 2012) New global liquidity requirements pose significant challenges for banks across Asia, according to a new KPMG report, which highlights key concerns including rising costs and potentially reduced profitability.

China deal flows decline, but healthcare bucks the downtrend, says KPMG analysis

(14 May 2012) China deal flows have declined sharply since the second half of 2011, mainly as a result of the European sovereign debt crisis and tightening of China’s monetary policy, latest KPMG analysis shows.

KPMG Huazhen welcomes the Sino-foreign Joint Venture Accounting Firms Localisation Transformation Programme

(10 May 2012) KPMG Huazhen welcomes the Sino-foreign Joint Venture Accounting Firms Localisation Transformation Programme.

Hong Kong wins the 2012 KPMG global student competition

(23 Apr 2012) A team of four students from The University of Hong Kong won the 2012 KPMG International Case Competition, held over three days in Hong Kong, marking the first time the event was hosted in Asia.

KPMG hosts annual student competition in Hong Kong, the first time the global event is held in Asia

(18 Apr 2012) KPMG is set to host its annual global student competition, the International Case Competition, for the first time in Asia.

China's tech-savvy consumers have highest take-up of e-commerce and mobile technologies, says KPMG survey

(17 Apr 2012) Chinese consumers see highest take-up of e-commerce and new technologies, according to KPMG’s latest Global Consumers and Convergence Survey.

Companies across ASPAC expect tighter liquidity, increased funding costs and rising distressed debt levels in 2012, says recent survey

(16 Apr 2012) Companies across Asia expect tighter liquidity levels and rising funding costs as European banks continue to reduce their exposures in the region, according to a recent joint survey by Clifford Chance, KPMG and Debtwire.

New regulation driving insurers to consider radical options, says KPMG

(1 Mar 2012) There has been a lot of focus on new regulation for banks, but insurers also face major changes in regulation and this is driving some to consider radical options, says KPMG.

Insurers point to healthcare and pension reforms as key growth areas in China, says KPMG survey

(20 Feb 2012) Rising demand for healthcare and long-term savings products is set to boost prospects for insurers in China, according to a recent survey by KPMG.

KPMG's response to the Hong Kong Budget 2012-13

(1 Feb 2012) KPMG welcomes the measures proposed in the latest Hong Kong budget announced on Wednesday, but urges the government to review the long standing narrow tax base structural issue.

KPMG Annual Review 2011 Highlights Client Focus of Fastest-Growing of the Big Four

(25 Jan 2012)The KPMG International Annual Review 2011 records a year of milestones for the KPMG global network of professional firms.

KPMG forecasts a HK budget surplus of HKD50 billion for 2011/12

(18 Jan 2012) The Hong Kong Government is set to record a consolidated budget surplus in the region of HKD 50 billion against a deficit of HKD8.5 billion originally estimated by the Government for the fiscal year 2011/12.

China's auto manufacturers look to expand overseas from world's largest market, says KPMG survey

(17 Jan 2012) China continues to dominate the global auto sector as manufacturers here look to expand their overseas operations via joint ventures and alliances, according to KPMG's thirteenth annual Global Automotive Executive Survey.

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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.

Healthcare & life sciences in China – Towards growing collaboration

The China cloud takes shape

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