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Featured press releases

Greater Bay Area

EY renews MoU with PolyU, forging ahead in the endeavor of ESG development in Hong Kong

HONG KONG, 27 MARCH 2024 — Ernst & Young Advisory Services Limited (EY) signed a Memorandum of Understanding (MoU) with the Hong Kong Polytechnic University (PolyU), represented by the Center for Economic Sustainability and Entrepreneurial Finance (CESEF) of the School of Accounting and Finance (AF) on 25 March to strengthen the existing collaboration toward the shared goal of making headway for developments in environmental, social and governance (ESG) and beyond.

27 Mar 2024 Hong Kong SAR


From family to society — HKUST and EY jointly publish the Landscape of Family Offices in Greater China Report 2024

HONG KONG, 12 MARCH 2024 — Hong Kong University of Science and Technology (HKUST) Roger King Center for Asian Family Business and Family Office ("the Center") and EY Family Enterprise team (“EY”) today announced the publication of the Landscape of Family Offices in Greater China Report 2024 (the "Report"). Combining academic research and industry expertise, the report provides a comprehensive and insightful analysis of the family office landscape in Greater China. Findings in the report suggest that Chinese mainland families are the primary driving force behind the development of family offices in Hong Kong and that attracting Chinese mainland families is to be focalized.

12 Mar 2024 Hong Kong SAR

More press releases

EY comments on Hong Kong Budget 2024-25 — Building confidence and vitalizing the economy with a balanced approach

HONG KONG, 28 FEBRUARY 2024 — The Hong Kong SAR Government (the Government) announced the Hong Kong Budget 2024-25 (the budget) today, in which a revised deficit of HK$101.6 billion will be recorded for the financial year 2023-24, which is almost double of their original forecast of HK$54.4 billion. Amid uncertainties in the global economic outlook, the Financial Secretary (FS) adopted a balanced approach in the budget to relieve people's hardship while simultaneously revitalizing the economy.

28 Feb 2024

EY releases the Overview of China outbound investment of 2023

BEIJING, 5 FEBRUARY 2024 — Today, EY Greater China region (hereafter EY) released the Overview of China outbound investment of 2023. The report highlights a 0.9% YOY growth in China’s overall ODI, reaching US$147.9 billion; non-financial ODI increased by 11.4%, showing rapid growth, with B&R partner countries outpacing the overall increase[1]. Additionally, Chinese enterprises announced a total overseas M&A value of US$39.8 billion, growing by 20.3% YOY. Notably, this marks three consecutive quarters of QOQ growth and accompanied by a significant increase in number of large transactions compared to the preceding year[2].

5 Feb 2024

EY recommends the Government to focus on attracting investments to Hong Kong and adopt targeted supportive measures

HONG KONG, 23 JANUARY 2024 — Ernst & Young Tax Services Limited (EY) estimates that the Hong Kong SAR Government (the Government) will record a fiscal deficit in the financial year 2023-24 of HK$148.0 billion, which would exceed the HK$54.4 billion originally forecasted in the Government’s Budget announced in February 2023 by almost two times.

23 Jan 2024