Transformation

HONG KONG, 13 MAY 2025 — EY Greater China Region today released its Listed Banks in China – 2024 review and outlook report (Executive summary). The report delves into the latest changes in the operating performance, asset quality, business development and operating model of 58 listed banks in China in 2024. It also sheds light on their directions and strategies moving forward, as well as explores the path of high-quality development of the banking industry in the current low-interest rate era.

HONG KONG, 26 FEBRUARY 2025 — The Hong Kong SAR Government (the Government) announced the Hong Kong Budget 2025-26 (the budget) today, in which a revised deficit of HK$87.2 billion will be recorded for the financial year 2024-25, which is slightly shy of double of their original forecast of HK$48 billion. Amid uncertainties in the global economic outlook, including the challenging international geopolitical landscape, the Financial Secretary (FS) adopted a “reinforced version” of the fiscal consolidation program, including containing public expenditure while minimizing the impact on public services and people’s livelihood.