Hong Kong Banking Outlook 2024

What does 2024 have in store for the banking sector in Hong Kong? While in 2023 the city enjoyed the benefits of reopening after the pandemic, it also faced a challenging global economic landscape and geopolitical tensions. Looking ahead, the uncertainty may continue, but there are also growth opportunities for banks in Hong Kong.

In the videos below, KPMG experts share their insights and predictions for the year ahead across a variety of topics including credit risk trends, cross-border data exchange, regulatory reporting and virtual assets. We also look at the recent performance of banks in the city, and Hong Kong’s evolving role as a regional and global IFC. 

As well as the short videos, you can also download a pdf summary of the key points and insights contained in this year’s report.

KPMG in China has offices located in 31 cities with over 14, 000 partners and staff, in Beijing, Changchun, Changsha, Chengdu, Chongqing, Dalian, Dongguan, Foshan, Fuzhou, Guangzhou, Haikou, Hangzhou, Hefei, Jinan, Nanjing, Nantong, Ningbo, Qingdao, Shanghai, Shenyang, Shenzhen, Suzhou, Taiyuan, Tianjin, Wuhan, Wuxi, Xiamen, Xi'an, Zhengzhou, Hong Kong SAR and Macau SAR. It started operations in Hong Kong in 1945. In 1992, KPMG became the first international accounting network to be granted a joint venture licence in the Chinese Mainland. In 2012, KPMG became the first among the “Big Four” in the Chinese Mainland to convert from a joint venture to a special general partnership.

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