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EY

EY
The latest news and top stories on EY, a leading global professional services firm, headquartered in London, United Kingdom and one of the "Big Four" accounting organisations. EY provides extensive services including assurance, tax, consulting and strategy and transactions to Fortune 500 businesses and large organisations worldwide. Known for its strong market position and consistent ranking among top employers, EY focuses on “Building a better working world” through innovation, technology and creating long-term value. This includes contributing to reports, such as one projecting India’s space economy growth to US$44 billion by 2033.
Lalamove and Lalamove are collaborating to capitalise on Hong Kong’s push to develop a low-altitude economy. Photo: Sam Tsang
Hong Kong science and tech

Hong Kong’s Lalamove, EY team up to shape ‘low-altitude economy’. What’s next?

Companies say collaboration will leverage Lalamove’s logistics platform and EY’s services to offer transport solutions to businesses.

Wealth Report

Tech pioneers flocking to Hong Kong thanks to revamped listing rules

Wealth management

Hong Kong’s proposed fund talent tax break set to sharpen edge over Singapore

Banking & finance

Resilient economy lifts Chinese banks, but property debt drags, experts say

Steady growth and stabilising China-US ties support banks, with PBOC expected to keep rates steady, according to economists.

There is a high probability China will meet its annual growth target of 4.5 to 5 per cent, according to an economist. Photo: EPA
India

Indian travel firms fear further squeeze as Modi calls for holiday restraint

Inflationary pressure from rising fuel prices has already knocked down summer travel inquiries by as much as 15 per cent.

Banking & finance

HSBC vows to keep investing in China as new trade growth corridors emerge

HSBC’s CEO said financial institutions needed to ‘keep up’ with the rapid expansion of Chinese companies on their journey to ‘go global’.

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Artificial intelligence

Sports data revolution: AI reshaping athletes’ performances, boosting fan fun

It can potentially help coaches further refine training and game-day strategies, along with enticing fans to online betting markets.

Wearable performance sensors, new camera technologies and the power of artificial intelligence are drawing in companies looking to exploit possibilities in sports. Photo: Shutterstock Images
India

India eyes ‘global manufacturing powerhouse’ status with budget boost

The measures aim to boost production in key sectors such as biopharma and semiconductors, and increase support for smaller businesses.

China economy

Opinion | How generational wealth transfer will reshape China’s economy

China’s generational wealth transfer will involve more than assets changing hands; it will reconfigure capital markets and global financial power.

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China's economic recovery

China prioritises export controls, supply chains to shield economy in 2026

Commerce ministry also pledges to boost domestic demand, services and two-way investment over coming year.

Beijing has deployed export controls amid the US-China trade war as well as trade and diplomatic disputes with other countries. Photo: AP
Hong Kong economy

Editorial | Hong Kong’s IPO market rings in 2026 on a high note

The city catapulted itself into the global top spot for initial public offerings in 2025, with another strong pipeline of listings expected this year.

Bonnie Chan Yiting (centre), CEO of Hong Kong Exchanges and Clearing, with (left to right) Li Yi, chairman of Beijing 51WORLD Digital Twin Technology; Alex Zhavoronkov, chairman and CEO of Insilico Medicine; Li Zhichen, chairman and CEO of OneRobotics (Shenzhen); Sun Laichun, chairman of Shanghai Forest Cabin Cosmetics Group; Geng Dawei, executive director and general manager of Shenzhen Xunce Technology; and Brian B.Y.Chen, chairman of USAS Building System (Shanghai). The six companies began trading on the Hong Kong exchange on December 30. Photo: Sun Yeung
IPO

Insilico Medicine leads 6 Hong Kong IPOs, capping banner fundraising year

Debutants raise total of US$899 million as exchange wraps up one of the most active months for IPOs since 2021.

Accounting and auditing

Hong Kong accounting firms plan hiring spree and embrace AI to attract talent

KPMG, Deloitte and EY boost hiring and invest in AI to lift efficiency and attract talent amid rising demand for tech-savvy professionals.

US-ally trade wars

Mexico’s 50% tariff shock shuts Asia’s North American trade bypass

A tariff wall will soon separate protected partners like CPTPP members Singapore and Malaysia from exporters facing a shutout.

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A drone view shows the Manzanillo seaport in Mexico in April. Photo: Reuters
Accounting and auditing

Exclusive | Hong Kong to see more debt restructuring, liquidations amid weak economy: expert

Derek Lai says firms are more willing to engage professionals to address their debt problems, increasing the chance of a successful result.

It is the right time to build a high-quality restructuring team to help corporations that need rescue, says Derek Lai. Photo: Enoch Yiu
Britain

UK’s Reeves unveils tax plan amid embarrassing budget leak

In an unprecedented error, the UK’s financial watchdog apologised for publishing budget forecasts before they were delivered in parliament.

China's economic recovery

China tightens tax scrutiny on citizens’ overseas income amid fiscal pressures

As local authorities use big data to identify violators, analyst says better enforcement could ease financial strain.

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Malaysia

Malaysia braces for budget constraints as US tariffs weigh on growth

Limited fiscal space and impact of tariffs will affect the government’s ability to push out populist measures to drive growth, analysts warn.

Malaysia’s Prime Minister Anwar Ibrahim will present the budget on October 10. Photo: AFP
Hong Kong China Rugby

Hong Kong sevens ace was sent a devastating email. Now he’s fit to take on world

Seb Brien aims to put city top of pile again in Asia before chasing place in global elite – even if getting there just became tougher.

Hong Kong courts

Hong Kong court extends bankruptcy of man who forged Nina Wang’s will by 4 years

High Court cites Peter Chan Chun-chuen’s failure to repay debt to tycoon’s estate and suspends his discharge from a 2021 bankruptcy order.

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India

Modi’s ‘double Diwali’: India bets on tax overhaul to blunt US tariff shock

The overhaul will cut the top GST rate from 28 to 18 per cent, making cars, air con units and fridges cheaper in a bid to boost consumption.

Indian Prime Minister Narendra Modi addresses the nation during Independence Day celebrations at the Red Fort in New Delhi on August 15. Photo: EPA
Asean

Asia’s small businesses brace for a US tariff-economy ‘disaster’

Analysts are urging the region’s SMEs to diversify supply chains and invest in risk management to survive this new, unstable trade landscape.

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An employee counts US dollar bank notes at a money changer in Jakarta. SMEs often operate on thin margins and require steady cash flows to survive. Photo: AP
Asean

Opinion | How Asian businesses can compete with China’s apex predators

China’s growing supply chains offer short-term opportunities but Asia must quickly learn from how it tests and strategically nurtures firms.

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India

India eyes lift-off for space economy after astronaut ISS milestone

Mission marks progress in India’s programme to become the fourth country to independently carry out human space flights.

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Indian astronaut Shubhanshu Shukla with fellow astronauts aboard the International Space Station on Thursday. Shukla is India’s second astronaut going into space. Photo: Nasa via AP
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