China churns out top ratings as world's factory

China's factories are still attractive for overseas firms.

Global manufacturers have picked China as the top sourcing destination outside their home countries, cementing the mainland's status as the world's factory, a survey has found.

Tuesday, 14 May, 2013, 4:30am

Trader sorry for profiting from insider dealing tips

KPMG withdrew as auditor of Herbalife and Skechers. Photo: Reuters

Bryan Shaw, a trader who said he received insider tips from fired KPMG partner Scott London, issued an apology, saying he has been co-operating with the US Department of Justice and the Securities and Exchange Commission.

12 Apr 2013 - 5:43am

HSBC to put audit contract out to bid after 20 years

HSBC will put its external audit contract up for tender. Photo: AP

HSBC, Europe's largest bank by assets, said it would accept bids for its external audit contract, held by KPMG since 1991.

8 Mar 2013 - 7:17am

Accounting showdown

The US regulator wants the audit papers of Chinese companies listed on US stock exchanges or it will delist them. Photo: Reuters

Without much public fanfare or even awareness except in the gloomy world of bean-counting accountants, China and the United States have embarked on yet another business collision course. Patrick Chovanec, the respected Tsinghua University-based American academic asks whether they can avert an "accounting Armageddon".

12 Dec 2012 - 4:04am

Accounting firms caught between the laws of China and the US

The Big Four firms and BDO are accused of not co-operating with the US. Photos: Bloomberg and Reuters

The world's top five largest accounting firms facing a US regulatory probe relating to allegations they withheld documents under mainland state secret laws, have called on China and the US to prevent them being sandwiched between the laws of the two countries.

5 Dec 2012 - 4:45am

SFC orders trading halt on China High Precision

Wong Fun-chung

In a rare move, the securities watchdog suspended China High Precision Automation from trading yesterday.

23 Aug 2012 - 2:13am

Joining hands - but for how long?

The vast potential market of China's inland provinces and secondary cities is drawing multinational companies, many of which want to form joint ventures with local firms to enter these consumer markets. But industry players warn that these joint ventures run the same risks that led to the unhappy failures in the past of many multinational partnerships on the mainland.

14 Jul 2012 - 12:00am

Third troubled Deloitte client in months

Trony Solar is the third mainland private enterprise client of auditor Deloitte Touche Tohmatsu to have run into accounting disclosure troubles in three months.

26 Jun 2012 - 12:00am

Opening windows on career change

Executives taking the Kellogg-HKUST EMBA often commend the way the programme offers fresh insights and broader perspectives on how best to run a business. But a number of students also find that mixing with classmates from numerous other industries, and tackling a range of less familiar subjects can prompt some serious thinking about their own career options.

3 Jun 2012 - 12:00am

Corrections & clarifications

A Reuters article headlined 'Chain of bad debts weighing heavier' in yesterday's Business Post incorrectly said Jack Rodman had worked for KPMG for 37 years. It should have said Rodman had worked for Ernst & Young for 37 years. The error was made by Reuters.

28 Apr 2012 - 12:00am

HKEx in no rush to tighten rules

The city's stock exchange is resisting pressure to strengthen corporate governance rules despite a recent slew of auditors resigning from Hong Kong-listed firms.

Charles Li Xiaojia, chief executive of Hong Kong Exchanges and Clearing (HKEx), said HKEx would not rush to enact new rules on corporate governance simply because of that.

23 Mar 2012 - 12:00am

KPMG China shores up its talent pool

In spite of global economic uncertainties, KPMG China is increasing its intake of graduates for 2012 from around 1,500 last year to between 1,700 and 2,000 this year. Such recruitment is an integral part of the firm's hiring strategy that supports its 9,000 employees in 13 offices, including China, Hong Kong and Macau.

9 Mar 2012 - 12:00am


Today: China Roundtable Luncheon: 'China value added tax reform: Analysis and strategy'. United Centre.

Tomorrow: Hong Kong Securities Institute breakfast: 'Duties, liabilities for listed-company directors'. Cliftons.

Monday, February 27: Joint chamber lunch with KPMG International chairman Michael Andrew. Island Shangri-La.

24 Feb 2012 - 12:00am


Today: American Chamber of Commerce breakfast: 'Mindset during challenging times'. Bank of America Tower.

Tomorrow: China Roundtable Luncheon: 'China value added tax reform: Analysis and strategy'. United Centre.

Saturday, February 25: HK Securities Institute breakfast: 'Duties, liabilities for listed-company directors'. Cliftons.

23 Feb 2012 - 12:00am

New KPMG chairman Made the right move

When Michael Andrew was appointed global chairman of KPMG International last October, he made a landmark decision to base his office in Hong Kong instead of the traditional choice of London or New York.

14 Jan 2012 - 12:00am