Anson Bailey, Asia Pacific Head of Consumer and Retail, ASPAC at KPMG China shared findings from the company’s report “Outlook for e-commerce in Hong Kong” at the Chamber roundtable on 26 January. Will Ross, CEO of Lazada Crossborder (Hong Kong), and Juliette Gimenez, CEO of GOZIP also joined to share their view on the latest market development trends on e-commerce.
2018/01/26
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E-commerce trends in China and Hong Kong
Data is king, and the data coming out of Mainland China regarding consumerism is enough to make any king very happy. By 2030, household consumption in Asia and Mainland China is projected to reach US$33 trillion, compared to US$17 trillion in the U.S. Mainland tourists took 120 million trips overseas last year, and that number is forecast to exceed 200 million by 2020. A staggering 54% of Mainlanders will be middle-class by 2022, and just two years from now Chinese shoppers are expected to spend US$1.5 trillion on mobile commerce. The BIG question, of course, is how can companies make use of those heady numbers and direct some of that some of those customers to their business? Anson Bailey, Head of Consumer Markets (HK), KPMG China, and Clarence Ling, Co-Founder and Chief Development Officer, Ztore.com, divulged some surprising figures and findings on China’s connected customers to a full house at the Chamber’s roundtable luncheon today. Members can login to the Chamber’s events page to watch the full seminar and download the presentations.
2017/03/08
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New Announcement 42 on the Enhancement of the Reporting of Related Party Transactions and Administration of Contemporaneous Documentation
On 13 July 2016, the State Administration of Taxation in China released an Announcement on the Enhancement of the Reporting of Related Party Transaction and Administration of Contemporaneous Documentation ( Announcement 42). It significantly strengthens the information disclosure requirements for taxpayers in China. Adam Chong, Partner of KPMG China, briefed members at the Chamber on 5 September about the main changes in the reporting and documentation requirements in Announcement 42 and talked about how enterprises can get ready in light of the new reporting and documentation rules.
2016/09/06
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China's New Normal: Business Opportunities and Challenges
Thomas Stanley, Chief Operating Officer for KPMG’s Global China Practice, shared his views about China’s business environment at a Chamber roundtable luncheon on 26 May. He explained key aspects of China’s economic transition such as the emergence of a two-track economy, as well as China’s overseas direct investment and the 13th Five-Year Plan. He also discussed significant business opportunities under China’s “new normal.”
2016/05/26
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Proposed Tax Measures for Corporate Treasury Centres in Hong Kong – what are the business opportunities and challenges?
Charles Kinsley, Tax Partner from KPMG China, delivered a comprehensive presentation on Hong Kong’s proposed corporate treasury centre (CTC) regime at a Chamber roundtable luncheon on 4 May. Members learned a lot about the latest CTC bill including the criteria for being a qualifying CTC, the types of qualifying treasury activities and other CTC incentives being offered by some jurisdictions in Asia.
2016/05/04
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