https://www.scmp.com/rss/519943/feed en https://assets.i-scmp.com/static/img/icons/scmp-meta-1200x630.png https://www.scmp.com SCMP SCMP This article was first published on April 2, 2016. by Eddie Lee Staff, fans bid farewell to broadcaster It was finally curtains for Asia Television last night (April 1, 2016) after a couple of near-shutdowns last month and one dramatic twist after another to the embattled station’s chequered final episode. Just before the stroke of midnight, the cash-strapped broadcaster pulled the plug after airing a re-run of one of its trademark Miss Asia beauty pageants. The only fresh programmes on air... https://www.scmp.com/news/hong-kong/society/article/3348605/worlds-first-chinese-language-tv-station-goes-air-2016-scmp-archive?utm_source=rss_feed https://www.scmp.com/news/hong-kong/society/article/3348605/worlds-first-chinese-language-tv-station-goes-air-2016-scmp-archive?utm_source=rss_feed Wed, 01 Apr 2026 04:30:08 +0000 Mia Nurmamat Mia Nurmamat The Guangdong-Hong Kong-Macau Greater Bay Area (GBA) is lagging behind China’s national average in basic research, despite showing strong potential in sectors such as semiconductors and smart manufacturing, according to Deloitte. The cluster of cities in southern China, which included Shenzhen, spent about 28.9 billion yuan (US$4.2 billion) on basic research in 2024, accounting for just 5.67 per cent of total spending in research and development (R&D), the consulting firm said in a report... https://www.scmp.com/tech/big-tech/article/3347992/greater-bay-area-trails-peers-basic-research-despite-strong-tech-potential-deloitte?utm_source=rss_feed https://www.scmp.com/tech/big-tech/article/3347992/greater-bay-area-trails-peers-basic-research-despite-strong-tech-potential-deloitte?utm_source=rss_feed Thu, 26 Mar 2026 23:00:08 +0000 Peggy Ye Peggy Ye The surge in gold prices has brought a wave of new investment-focused bullion retailers to Hong Kong’s prime shopping areas, adding a distinct segment alongside traditional jewellery merchants. These retailers – which sell gold coins and bars, rather than ornamental pieces – have taken up ground-floor store spaces that were left vacant during the city’s post-pandemic recovery. Their rapid expansion has been followed by the return of high-end jewellery vendors, a development that has helped... https://www.scmp.com/business/commodities/article/3344102/investment-gold-retailers-move-vacant-hong-kong-high-street-shops-metals-rise?utm_source=rss_feed https://www.scmp.com/business/commodities/article/3344102/investment-gold-retailers-move-vacant-hong-kong-high-street-shops-metals-rise?utm_source=rss_feed Sun, 22 Feb 2026 01:30:14 +0000 Themis Qi Themis Qi Hong Kong housed nearly 3,400 single-family offices by the end of last year, a 25 per cent rise in two years – contributing HK$12.6 billion (US$1.6 billion) annually to the economy – as the affluent refocused on the city amid US trade tensions and the rise of China’s tech sector, according to a report by Deloitte on Tuesday. The global auditing firm made the estimates after surveying 136 market participants across Hong Kong’s family office sector, including 85 single-family offices, whose wealth... https://www.scmp.com/business/banking-finance/article/3343031/hong-kong-family-offices-jump-25-wealthy-shift-focus-us-deloitte?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3343031/hong-kong-family-offices-jump-25-wealthy-shift-focus-us-deloitte?utm_source=rss_feed Tue, 10 Feb 2026 07:20:05 +0000 Reuters Reuters Real Madrid remained the biggest-earning club in world football ‍during the 2024-25 season while Liverpool for the first time generated the most revenues in the Premier League, according to an annual financial list published on Thursday. The Spanish club topped Deloitte’s Football Money League with €1.16 billion (US$1.36 billion) of revenue despite not winning either La Liga or the Champions League. The only club to make ⁠more than $1 billion in the past two seasons, Real Madrid benefited in... https://www.scmp.com/sport/football/article/3340890/real-madrid-footballs-biggest-earners-liverpool-top-epl-despite-mediocre-seasons?utm_source=rss_feed https://www.scmp.com/sport/football/article/3340890/real-madrid-footballs-biggest-earners-liverpool-top-epl-despite-mediocre-seasons?utm_source=rss_feed Fri, 23 Jan 2026 00:00:15 +0000 Aileen Chuang Aileen Chuang China’s mergers and acquisitions (M&A) market is poised for another year of growth as investors regain confidence in the country’s assets and long-term growth prospects, and look beyond geopolitical and economic headwinds, according to industry experts. Investor optimism in 2026 would build on a deeper understanding of risks associated with regulatory restrictions, improved market conditions and success stories in the past year, said Kevin Yu Zhe, Shanghai-based partner at Zhong Lun Law... https://www.scmp.com/business/banking-finance/article/3338262/chinas-ma-market-poised-2026-expansion-investors-regain-confidence-assets?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3338262/chinas-ma-market-poised-2026-expansion-investors-regain-confidence-assets?utm_source=rss_feed Fri, 02 Jan 2026 00:30:09 +0000 SCMP Editorial SCMP Editorial Hong Kong’s initial public offering (IPO) market has ended a banner year with a big bang. Six new listings on the second last trading day marked a busy year that catapulted the city back to the world’s top spot for IPOs and made the Hang Seng Index one of the best stock performers. Led by US-based drug-discovery specialist Insilico Medicine, the six firms raised a total of HK$6.99 billion (US$899 million) while no fewer than 26 debutants started trading in December. The IPO market, as of... https://www.scmp.com/opinion/comment/article/3338251/hong-kongs-ipo-market-rings-2026-high-note?utm_source=rss_feed https://www.scmp.com/opinion/comment/article/3338251/hong-kongs-ipo-market-rings-2026-high-note?utm_source=rss_feed Wed, 31 Dec 2025 23:15:14 +0000 Aileen Chuang Aileen Chuang Six companies debuted on the Hong Kong stock exchange on Tuesday, capping a year that reaffirmed the city’s dominance as the world’s top initial public offering (IPO) market and one of the best-performing benchmarks. The six debutants raised a combined HK$6.99 billion (US$899 million), adding to several sizeable deals this year. As of Tuesday, the Hong Kong IPO market raised HK$285.8 billion from 119 listings, with first-day trading showing an average share price gain of nearly 40 per cent,... https://www.scmp.com/business/banking-finance/article/3338086/insilico-medicine-leads-sextet-hong-kong-ipos-capping-banner-year-fundraising?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3338086/insilico-medicine-leads-sextet-hong-kong-ipos-capping-banner-year-fundraising?utm_source=rss_feed Tue, 30 Dec 2025 01:40:43 +0000 Yulu Ao Yulu Ao Hong Kong’s initial public offering (IPO) market is heading for its busiest month in four years, as a late rush of listings gathers pace despite the traditional slowdown around the Christmas and New Year holidays. At least 15 companies were set to go public by the end of December, with drug-discovery firm Insilico Medicine planning one of the largest deals in the final stretch of the year, according to data compiled by the Post. A total of 12 companies had already made their market debuts... https://www.scmp.com/business/china-business/article/3336881/holiday-rush-hong-kong-ipo-market-sparkles-busiest-december-years?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3336881/holiday-rush-hong-kong-ipo-market-sparkles-busiest-december-years?utm_source=rss_feed Thu, 18 Dec 2025 08:00:15 +0000 Enoch Yiu Enoch Yiu Hong Kong and mainland China are set to see more corporate restructuring and liquidation in commercial real estate, restaurants and retail shops in 2026 due to the weak economy and changes in consumer behaviour, according to veteran liquidator Derek Lai Kar-yan. The challenging economic environment, however, provides opportunities for experts like Lai, 60, who is known in the industry as the “King of Liquidation”. He left Deloitte after 36 years with the firm and last week was appointed by EY as... https://www.scmp.com/business/companies/article/3336386/hong-kong-see-more-debt-restructuring-amid-weak-economy-says-king-liquidation?utm_source=rss_feed https://www.scmp.com/business/companies/article/3336386/hong-kong-see-more-debt-restructuring-amid-weak-economy-says-king-liquidation?utm_source=rss_feed Mon, 15 Dec 2025 23:30:10 +0000 Gloria Tso Gloria Tso With starring roles in two of the biggest blockbuster films of the past five years – first as a Marvel superhero, then as one of Mattel’s iconic toy dolls – Simu Liu has carved an enviable career out of reinventing stock characters. You might even say he is now as prevalent as a stock image – ironic given that, as fans of the Shang-Chi and the Legend of the Ten Rings (2021) and Barbie (2023) star know, long before finding fame in Hollywood, he modelled for stock photos just to get by. “A lot of... https://www.scmp.com/magazines/style/people/celebrities/article/3331755/how-simu-liu-went-stock-photo-model-starring-barbie-and-shang-chi-and-legend-ten-rings-interview?utm_source=rss_feed https://www.scmp.com/magazines/style/people/celebrities/article/3331755/how-simu-liu-went-stock-photo-model-starring-barbie-and-shang-chi-and-legend-ten-rings-interview?utm_source=rss_feed Fri, 07 Nov 2025 02:00:17 +0000 Alex Lo Alex Lo CEOs all used to wear suits and ties like uniforms, and focus only on their own business when speaking in public. The late Steve Jobs was considered radical for promoting Apple products while wearing turtlenecks and jeans. These days though, when it comes to billionaire tech bros, there are no attire restrictions, and no subjects are off bounds. In fact, there are no such things as core competencies. Since they are good in some tech fields, many think they are geniuses over everything else. Not... https://www.scmp.com/opinion/article/3329589/americas-billionaire-tech-bros-are-bringing-us-closer-end-times?utm_source=rss_feed https://www.scmp.com/opinion/article/3329589/americas-billionaire-tech-bros-are-bringing-us-closer-end-times?utm_source=rss_feed Sun, 19 Oct 2025 13:05:09 +0000 Cao Li Cao Li China’s vast property market is expected to continue to decline at least through the next year, according to S&P Global Ratings. “We estimate nationwide primary property sales will fall 8 per cent in 2025 and between 6 to 7 per cent in 2026, as overall demand remains soft,” said Edward Chan, director at S&P Global Ratings, at a webinar on Thursday. This will continue to put pressure on Chinese developers, many of which are going through the challenge of delivering homes, while maintaining their... https://www.scmp.com/business/china-business/article/3329283/chinas-property-market-poised-decline-least-through-2026-sp-analyst-says?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3329283/chinas-property-market-poised-decline-least-through-2026-sp-analyst-says?utm_source=rss_feed Thu, 16 Oct 2025 23:30:09 +0000 Joseph Sipalan Joseph Sipalan Malaysians may be asked to retire five years later at 65 but should be spared any sharp tax rises in Friday’s budget, economists say, as Prime Minister Anwar Ibrahim faces an economy hampered by an ageing population, high youth joblessness and surging living costs at the halfway point of his administration. About 8 per cent of Malaysia’s 34 million population are aged 65 and older, according to government data, firmly placing the Southeast Asian nation in the ageing nation category. At the same... https://www.scmp.com/week-asia/economics/article/3328019/later-retirement-expected-2026-budget-malaysia-tackles-economic-pressures?utm_source=rss_feed https://www.scmp.com/week-asia/economics/article/3328019/later-retirement-expected-2026-budget-malaysia-tackles-economic-pressures?utm_source=rss_feed Mon, 06 Oct 2025 10:05:43 +0000 Cao Li Cao Li Hong Kong will host its first summit among female financial leaders next month, the Women Chief Executives Hong Kong (WCE HK) announced on Monday. The November 3 event is set to become the city’s largest gathering of senior women leaders in finance, bringing together more than 200 C-suite senior executives, including global CEOs and chief financial officers (CFOs). “This unparalleled gathering underscores Hong Kong’s pivotal role in fostering international dialogue on leadership and its global... https://www.scmp.com/business/banking-finance/article/3327997/women-power-show-top-female-financial-leaders-gather-hong-kong-next-month?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3327997/women-power-show-top-female-financial-leaders-gather-hong-kong-next-month?utm_source=rss_feed Mon, 06 Oct 2025 08:16:11 +0000 Jean Iau Jean Iau As Singapore welcomes the return of the Formula One Grand Prix from Friday to Sunday, with road closures downtown and shopping centres brimming with fans hoping to catch a glimpse of their favourite drivers, the high-octane buzz is once again in full swing. Now in its 16th year, F1’s inaugural night race has become one of the city state’s flagship international events. But with each edition costing more than S$100 million (US$78 million), the economic payoff is increasingly being viewed through... https://www.scmp.com/week-asia/economics/article/3327699/formula-ones-first-night-race-paying-singapore?utm_source=rss_feed https://www.scmp.com/week-asia/economics/article/3327699/formula-ones-first-night-race-paying-singapore?utm_source=rss_feed Fri, 03 Oct 2025 00:49:11 +0000 Enoch Yiu Enoch Yiu Hong Kong is an ideal place for mainland and international companies to set up captive insurers to manage risks related to their Belt and Road Initiative projects, speakers on a panel said at the Belt and Road Summit on Wednesday. A captive insurer is set up by a parent company to provide all the firms in the group with insurance ­protection. This allows the group to better manage risks and retain profits that would otherwise go to an outside firm. In May, HSBC Holdings, Hong Kong’s biggest... https://www.scmp.com/business/banking-finance/article/3325064/cnooc-hsbc-say-hong-kong-ideal-place-global-companies-set-captive-insurers?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3325064/cnooc-hsbc-say-hong-kong-ideal-place-global-companies-set-captive-insurers?utm_source=rss_feed Wed, 10 Sep 2025 11:30:09 +0000 Biman Mukherji Biman Mukherji In a bustling student hostel in Bengaluru, Swaksha Gupta scrolls through her favourite shopping app. She skips past the household names filled with artificial ingredients that her parents grew up with, instead finding inspiration from older generations by filling her cart with turmeric-infused face washes and Ayurvedic hair oils in biodegradable tubes. “Even a product like ubtan comes in a tube these days,” Gupta said, referring to the traditional paste of herbs and lentils once ground in family... https://www.scmp.com/week-asia/economics/article/3324544/gen-z-marketplace-how-indias-youth-are-rewiring-e-commerce?utm_source=rss_feed https://www.scmp.com/week-asia/economics/article/3324544/gen-z-marketplace-how-indias-youth-are-rewiring-e-commerce?utm_source=rss_feed Sun, 07 Sep 2025 05:30:07 +0000 Salina Li Salina Li More of Hong Kong’s small and medium-sized property developers will face default risks, market experts said, adding that they hoped the government would provide more capital support as banks remained cautious about issuing new loans. “There is no white knight in the market, so investors and companies that are in financial distress have to self-rescue,” said Glen Ho, national turnaround and restructuring leader at consulting firm Deloitte. “The market is very rigid, lacking new capital, as banks... https://www.scmp.com/business/banking-finance/article/3323817/more-hong-kong-small-and-medium-sized-property-developers-face-default-risks-experts?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3323817/more-hong-kong-small-and-medium-sized-property-developers-face-default-risks-experts?utm_source=rss_feed Sun, 31 Aug 2025 11:00:08 +0000 Bloomberg Bloomberg Singapore is set to sell an eye-watering variety of luxury items confiscated from money launderers who were convicted in the country’s biggest laundering case. The local unit of consulting firm Deloitte has been appointed to manage the process of selling the non-cash assets, according to a statement on Tuesday by the police, who added they handed over more than 460 pieces of luxury goods and 58 pieces of gold bars to the firm this week. The items are among a broader haul of assets, including... https://www.scmp.com/news/asia/southeast-asia/article/3321615/singapore-sell-louis-vuitton-hermes-bags-seized-money-launderers?utm_source=rss_feed https://www.scmp.com/news/asia/southeast-asia/article/3321615/singapore-sell-louis-vuitton-hermes-bags-seized-money-launderers?utm_source=rss_feed Tue, 12 Aug 2025 12:03:49 +0000 June Xia June Xia China’s tropical island province of Hainan is accelerating its push to become a leading medical tourism hub, aiming to attract more nationals to use local healthcare services instead of seeking treatment abroad – after South Korea announced plans to scrap tax rebates for foreigners undergoing cosmetic surgery. The popular tourist destination in southern China plans to draw more than 1.5 million domestic medical tourists annually by 2027, up from the current level of over 400,000, according to a... https://www.scmp.com/economy/china-economy/article/3320704/chinas-hainan-eyes-medical-tourism-boom-after-south-korea-axes-cosmetic-surgery-tax-perks?utm_source=rss_feed https://www.scmp.com/economy/china-economy/article/3320704/chinas-hainan-eyes-medical-tourism-boom-after-south-korea-axes-cosmetic-surgery-tax-perks?utm_source=rss_feed Mon, 04 Aug 2025 23:00:16 +0000 Biman Mukherji Biman Mukherji The tsunami warnings that followed the powerful earthquake off Russia’s Kamchatka peninsula on Wednesday were another jarring reminder of Asia’s vulnerability to natural disasters and a wake-up call for the region to strengthen its defences before the next crisis hits. Extreme weather has once again been testing the region’s resilience in recent weeks. Earlier this month, Typhoon Wipha lashed parts of Southeast Asia, unleashing floods, disrupting flights and damaging infrastructure. Hong Kong... https://www.scmp.com/week-asia/health-environment/article/3320324/asia-must-leverage-ai-combat-rise-natural-disasters?utm_source=rss_feed https://www.scmp.com/week-asia/health-environment/article/3320324/asia-must-leverage-ai-combat-rise-natural-disasters?utm_source=rss_feed Fri, 01 Aug 2025 03:00:08 +0000 Salina Li Salina Li Hong Kong developer Emperor International Holdings’ inability to repay HK$16.6 billion (US$2.1 billion) in loans highlights a growing debt crisis among small and medium-sized developers in the city, prompting analysts to warn of more defaults. “High debt ratios have become a mainstream condition among Hong Kong developers, particularly mid-sized developers” amid dropping valuations, low demand, high vacancy rates, falling rental income and high interest rates, said Glen Ho, national turnaround... https://www.scmp.com/business/article/3316411/smaller-hong-kong-developers-face-defaults-amid-mounting-debts-analysts-warn?utm_source=rss_feed https://www.scmp.com/business/article/3316411/smaller-hong-kong-developers-face-defaults-amid-mounting-debts-analysts-warn?utm_source=rss_feed Tue, 01 Jul 2025 01:30:21 +0000 Julie Zhang Julie Zhang China’s fourth-largest smartphone maker Honor took an important step towards a domestic stock market debut on Thursday by filing documents with securities regulators. The company completed initial public offering (IPO) counselling recordation, the formal filing of pre-IPO guidance with the China Securities Regulatory Commission (CSRC). The step is required for companies seeking to list mainland shares, known as A shares. The Shenzhen-based company, a spin-off from smartphone and... https://www.scmp.com/business/banking-finance/article/3316056/chinese-smartphone-maker-honor-moves-closer-listing-share-market-perks?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3316056/chinese-smartphone-maker-honor-moves-closer-listing-share-market-perks?utm_source=rss_feed Fri, 27 Jun 2025 05:28:10 +0000 Yulu Ao Yulu Ao Escalating tensions in the Middle East are unlikely to derail a recovery in Hong Kong’s equity market, Citigroup said on Thursday, as it raised its year-end target for the Hang Seng Index by 2 per cent to 25,000 points. The US bank said it expected Hong Kong’s benchmark to climb to 26,000 in the first half of 2026, assuming geopolitical tensions eased and policy support remained steady. “China faces deflationary pressures rather than inflation, so even if imported energy costs rise, the... https://www.scmp.com/business/china-business/article/3315100/middle-east-tensions-not-likely-disrupt-recovery-hong-kong-stocks-citigroup?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3315100/middle-east-tensions-not-likely-disrupt-recovery-hong-kong-stocks-citigroup?utm_source=rss_feed Thu, 19 Jun 2025 23:00:09 +0000 Enoch Yiu Enoch Yiu Deloitte China will set up a new global office, increase headcount and invest in technology to support its mainland Chinese clients’ global expansion plans while helping them navigate geopolitical tensions, according to its new boss. “The current US-China tariff dispute presents a golden opportunity for Chinese companies to truly go global,” said Dora Liu, who took over as CEO of Deloitte China for the next four years on Sunday. “We see a trend of Chinese companies now expanding to Southeast... https://www.scmp.com/business/banking-finance/article/3312434/deloitte-china-launches-global-office-help-mainland-clients-navigate-trade-tensions?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3312434/deloitte-china-launches-global-office-help-mainland-clients-navigate-trade-tensions?utm_source=rss_feed Sun, 01 Jun 2025 01:30:19 +0000 Mia Castagnone Mia Castagnone The number of family offices and the amount of wealth they manage are expected to surge over the next six years, with growth in Asia-Pacific projected to surpass the pace in other regions including North America, according to a report by Deloitte. Single family offices in Asia-Pacific could increase by 40 per cent to 3,200 by 2030, and by 32 per cent to 4,190 in North America, Deloitte Private said in its global report released on Wednesday. The Middle East is still a “nascent” market, which is... https://www.scmp.com/business/banking-finance/article/3277099/asia-pacific-set-outpace-all-regions-family-office-set-ups-2030-deloitte-says?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3277099/asia-pacific-set-outpace-all-regions-family-office-set-ups-2030-deloitte-says?utm_source=rss_feed Wed, 04 Sep 2024 04:00:09 +0000 Mia Castagnone Mia Castagnone Chinese companies are keen on mergers and acquisitions (M&A), but they fear headwinds such as geopolitical tensions and macroeconomic uncertainties could weigh on their deal-making abilities, according to a Deloitte report. Regulatory changes and geopolitical shifts are the two biggest disruptive forces and risks affecting M&A, according to company heads surveyed by the consultancy. Geopolitical tensions can delay or derail deals as companies struggle to assess risks and align their strategic... https://www.scmp.com/business/banking-finance/article/3274819/regulatory-geopolitical-uncertainties-cloud-ma-activity-china-deloitte?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3274819/regulatory-geopolitical-uncertainties-cloud-ma-activity-china-deloitte?utm_source=rss_feed Sun, 18 Aug 2024 22:30:19 +0000 Mia Castagnone Mia Castagnone Asia-Pacific companies are monitoring their portfolios more closely than before amid mounting pressures to review underperforming assets, divest noncore businesses and adopt ‘greener’ investments, according to a recent survey by Deloitte. The survey said geopolitical tensions and rifts in global supply chains are forcing managers to act quickly to divest or engage with partners that could create value. “The forces reshaping the global economy are profoundly impacting companies across... https://www.scmp.com/business/banking-finance/article/3270405/asia-pacific-firms-more-vigilant-about-investments-amid-geopolitics-deloitte-survey?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3270405/asia-pacific-firms-more-vigilant-about-investments-amid-geopolitics-deloitte-survey?utm_source=rss_feed Sun, 14 Jul 2024 23:00:18 +0000 Martin Choi Martin Choi Environmental sustainability is a leading concern for the younger generation, and they have been pushing businesses to take more action on climate change, according to a Deloitte survey. Around six out of 10 Generation Z (Gen Z) and millennials had reported feeling anxious or worried about climate change within the previous month, while the majority believe businesses should do more to enable consumers to make more sustainable purchasing decisions, said the findings of Deloitte’s 2024 Gen Z and... https://www.scmp.com/business/banking-finance/article/3262931/environmental-sustainability-top-concern-gen-z-millennials-they-push-businesses-take-climate-action?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3262931/environmental-sustainability-top-concern-gen-z-millennials-they-push-businesses-take-climate-action?utm_source=rss_feed Thu, 16 May 2024 23:30:09 +0000 Developing economies in Asia-Pacific are putting generative artificial intelligence (GenAI) to use at a greater pace than their more advanced neighbours, according to a recent study by Deloitte. Mainland China, India, and Southeast Asia have a 30 per cent higher share of GenAI users compared to Japan, Taiwan, Singapore, South Korea, Australia and New Zealand. Employees from developing economies are also embracing AI with more enthusiasm, reflecting populations that have a greater percentage of... https://www.scmp.com/business/banking-finance/article/3262535/asia-pacifics-advanced-economies-lag-their-less-developed-peers-ai-take-deloitte-survey-finds?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3262535/asia-pacifics-advanced-economies-lag-their-less-developed-peers-ai-take-deloitte-survey-finds?utm_source=rss_feed Mon, 13 May 2024 23:30:16 +0000 First-time stock offerings in Hong Kong are expected to improve on the back of a strong pipeline of candidates, as well as mainland Chinese companies switching their listing from other venues, according to Deloitte. “We have witnessed an increase in listing applications, in particular from the artificial intelligence, life science and healthcare industries, which are important sectors,” said Edward Au, managing partner for the southern region at Deloitte China. Hong Kong remains a top choice of... https://www.scmp.com/business/companies/article/3258266/hong-kongs-ipo-market-looking-pipeline-grows-while-mainland-bourses-struggle-amid-regulatory-curbs?utm_source=rss_feed https://www.scmp.com/business/companies/article/3258266/hong-kongs-ipo-market-looking-pipeline-grows-while-mainland-bourses-struggle-amid-regulatory-curbs?utm_source=rss_feed Mon, 08 Apr 2024 12:20:12 +0000 Investments into Chinese climate technology companies is expected to grow “significantly” as the world’s largest greenhouse-gas emitter pivots towards a low-carbon economy to drive the next phase of growth, according to consultancy Deloitte. Funding received by climate-tech companies in China accounted for 32.5 per cent of the global total as of the end of July, having more than doubled from 15.1 per cent in 2020, according to data provided by Deloitte’s climate-tech-focused unit GreenSpace Tech... https://www.scmp.com/business/banking-finance/article/3243782/investments-chinese-climate-tech-firms-expected-grow-significantly-amid-pivot-low-carbon-economy?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3243782/investments-chinese-climate-tech-firms-expected-grow-significantly-amid-pivot-low-carbon-economy?utm_source=rss_feed Mon, 04 Dec 2023 23:00:10 +0000 Hong Kong needs to sharpen its competitive edge and strengthen its ecosystems for sustainable finance and green tech to retain the thousands of environmental, social and governance (ESG) experts it aims to attract through high salaries and immigration programmes, according to accounting firm Deloitte. Making Hong Kong into a true hub for green finance and tech would give the city a long-term edge over global peers, said Mohit Grover, lead partner for climate and sustainability services at... https://www.scmp.com/business/article/3237061/hong-kongs-ability-retain-top-esg-talent-depends-making-city-hub-green-tech-and-finance-deloitte?utm_source=rss_feed https://www.scmp.com/business/article/3237061/hong-kongs-ability-retain-top-esg-talent-depends-making-city-hub-green-tech-and-finance-deloitte?utm_source=rss_feed Sun, 08 Oct 2023 04:15:07 +0000 Hong Kong’s public fundraising environment is at its toughest in over a decade, as the global banking turbulence, high interest rates and slow recovery pace of mainland China’s economy bruised investor sentiment, according to Deloitte China. Hong Kong is currently ranked eighth globally among initial public offering (IPO) fundraising centres, according to the Deloitte China Capital Market Service Group (CMSG) third-quarter report. For the full year, the consultancy expects the Hong Kong IPO... https://www.scmp.com/business/banking-finance/article/3235485/hong-kongs-ipo-environment-toughest-over-decade-rising-interest-rates-banking-tumult-economic?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3235485/hong-kongs-ipo-environment-toughest-over-decade-rising-interest-rates-banking-tumult-economic?utm_source=rss_feed Fri, 22 Sep 2023 10:15:24 +0000 Countries in the Asia-Pacific region could add US$47 trillion to the global economy by 2070 and create 180 million jobs by 2050 if they seize opportunities from decarbonisation, with China and India set to benefit the most, according to Deloitte. Minimising disruption to climate-reliant jobs through investment in climate adaptation and accelerating the transition to net-zero will be critical for economies in the region, particularly China and India, which have the highest proportion of workers... https://www.scmp.com/business/banking-finance/article/3225604/china-india-benefit-most-asia-pacific-decarbonisation-play-adds-us47-trillion-global-economy-2070?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3225604/china-india-benefit-most-asia-pacific-decarbonisation-play-adds-us47-trillion-global-economy-2070?utm_source=rss_feed Tue, 27 Jun 2023 23:00:22 +0000 China is expected to be the world’s largest importer of clean hydrogen, requiring 13 million tonnes of imported hydrogen a year by 2030 due to the huge amount of clean energy required to decarbonise its different sectors, according to a report released by Deloitte on Thursday. Europe’s demand will amount to 10 million tonnes, followed by the 7.5 million tonnes demanded by Japan and Korea, said Will Symons, sustainability and climate leader at Deloitte Asia-Pacific. “Our research suggests that... https://www.scmp.com/business/china-business/article/3223421/china-expected-be-worlds-largest-importer-clean-hydrogen-deloitte-says-it-urges-world-scale?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3223421/china-expected-be-worlds-largest-importer-clean-hydrogen-deloitte-says-it-urges-world-scale?utm_source=rss_feed Thu, 08 Jun 2023 10:40:07 +0000 Deloitte Hua Yong, the “Big Four” accounting firm’s China unit, has been fined 212 million yuan (US$31 million) for failures in audit work conducted at bad loan manager China Huarong Asset Management, as Beijing strengthens financial regulation. The Deloitte unit failed to detect the true conditions of some of Huarong’s underlying assets, or to fully assess its businesses and operations, from 2014 to 2019, China’s ministry of finance said in a statement on its website on Friday. Deloitte’s... https://www.scmp.com/business/banking-finance/article/3213961/deloitte-china-unit-hit-us31-million-fine-auditing-failures-troubled-bad-debt-manager-huarong?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3213961/deloitte-china-unit-hit-us31-million-fine-auditing-failures-troubled-bad-debt-manager-huarong?utm_source=rss_feed Fri, 17 Mar 2023 14:20:46 +0000 American accounting regulators will come to Hong Kong next week to hold “preparatory meetings” with Deloitte and EY ahead of inspections later in the year as they seek to assess their auditing of Chinese companies listed in the US, according to people familiar with the matter. Executives of the Public Company Accounting Oversight Board (PCAOB) will meet senior management of the two accounting firms in an attempt to understand their internal controls and operations, three sources who did not wish... https://www.scmp.com/business/banking-finance/article/3213919/us-regulators-meet-deloitte-ey-hong-kong-next-week-prepare-summer-inspections-audits-us-listed?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3213919/us-regulators-meet-deloitte-ey-hong-kong-next-week-prepare-summer-inspections-audits-us-listed?utm_source=rss_feed Fri, 17 Mar 2023 10:30:26 +0000 The US regulator Securities Exchange Commission (SEC) has imposed a penalty of US$20 million on the Chinese unit of Deloitte to settle audit issues related to 12 US-listed mainland companies in 2018. The settlement comes at a sensitive time as the US audit regulator’s inspectors are currently in Hong Kong, reviewing for the first time the work of PwC and KMPG related to their US-listed mainland-based clients. Deloitte is not subject to the ongoing Public Company Accounting Oversight Board... https://www.scmp.com/business/article/3194479/us-regulator-settles-deloitte-china-us20-million-audit-issues-related-12?utm_source=rss_feed https://www.scmp.com/business/article/3194479/us-regulator-settles-deloitte-china-us20-million-audit-issues-related-12?utm_source=rss_feed Fri, 30 Sep 2022 14:04:13 +0000 Hong Kong office tenants and landlords are expected to catch up with the global trend of signing “green” leases amid the rising importance of sustainability in the real estate industry, despite a dearth of such deals so far in the city, according to professional services firm Deloitte. A green lease is an agreement between a landlord and a tenant to improve the environmental performance of a property, for example, by cutting energy or water use and reducing waste. “We believe the trend of green... https://www.scmp.com/business/article/3175239/use-green-office-leases-catch-hong-kong-sustainability-becomes?utm_source=rss_feed https://www.scmp.com/business/article/3175239/use-green-office-leases-catch-hong-kong-sustainability-becomes?utm_source=rss_feed Sun, 24 Apr 2022 04:30:08 +0000