KPMG established operations in Hong Kong in 1945, becoming the city’s first international accounting organization. In 2025, KPMG marked its 80th anniversary under the theme “80 Years of Trust,” reflecting its long-standing role in supporting Hong Kong’s development as a leading global financial hub.
KPMG firms operate in 142 countries and territories around the world, offering audit, tax and advisory services. In China, the network spans 31 cities across Hong Kong and the Chinese Mainland, with over 14,000 partners and staff – making it one of the region’s largest professional services firms.
“What has kept us committed to this industry for 80 years is the vital role we play in building trust in financial markets,” said Ivy Cheung, Senior Partner in Hong Kong and Vice Chairman, KPMG in China. “We have achieved several firsts: in 1992, KPMG became the first international accounting network granted a joint venture licence in the Chinese Mainland; and in 2012, the first among the Big Four (along with Deloitte, EY and PwC) to convert from a joint venture to a special general partnership. Over the past decades, we have built deep connections with Hong Kong’s government, regulators and business leaders.”
At KPMG, technology is a major driver of transformation. KPMG Workbench, part of a multibillion-dollar investment into AI and agentic transformation, will underpin client delivery platforms across the firm: KPMG Digital Gateway (tax), KPMG Velocity (advisory) and the smart audit platform KPMG Clara. These advancements build on strategic alliances, including with Microsoft, to deliver practical AI-enabled solutions and efficiency gains. Furthermore, KPMG plans to invest US$5 billion globally to accelerate digital transformation, and is building a centre that integrates innovation, R&D and delivery.
“Our technology investments are designed to create value faster, embedding AI into everyday workflows so clients experience better insights, higher quality and greater speed,” explained Cheung.
The Greater Bay Area (GBA) is another strategic priority. In 2023, KPMG launched the GBA Strategy and Development Office to drive regional strategy, foster collaboration and strengthen its brand. The firm now operates eight offices across six GBA cities, including Nansha – opened in April 2025 as the first Big Four presence in this national hub – and Dongguan, as well as the KPMG Digital Ignition Centre in Shenzhen. These investments align with China’s ambition to build an international innovation and technology hub. Services focus on high-growth sectors such as fintech, biotech, green technology and advanced manufacturing, while supporting Hong Kong’s IPO market and ESG compliance. Talent development is equally critical. KPMG participates in the HKSAR Government’s Greater Bay Area Youth Employment Scheme and runs the GBA Financial Career Trainee Programme to nurture future leaders.
“Hong Kong’s role as a super connector is unique,” Cheung noted. “It bridges international capital and Mainland innovation, enabling businesses to scale with confidence across the GBA.”
In Hong Kong, KPMG actively supports the development of the IPO market, which has seen remarkable growth with record-breaking A+H listings. It also helps firms adapt to new listing requirements, navigate evolving regulatory frameworks, and meet ESG reporting standards.
Cheung said KPMG’s engagement with HKGCC reflects its commitment to the city’s long-term competitiveness, from the Chamber’s extensive network to business advocacy. “HKGCC plays a vital role in promoting Hong Kong globally and shaping policy decisions that matter most to the business community. Partnering with the Chamber helps us champion trust and innovation, supporting a pro-business environment and amplifying Hong Kong’s voice on the world stage.”
KPMG
HKGCC Membership No.: HKK0140
Year Established: 1945
Website: http://kpmg.com/cn