普华永道中国

#PwCHK is delighted to once again be a platinum sponsor of the Hong Kong Green Finance Association (HKGFA) Annual Forum 2024. Will Jackson-Moore, PwC Global Sustainability Leader, and Loretta Fong, Sustainability Deputy Leader, PwC China, were invited to the forum as VIP guests. Loretta Fong sat on the panel and shared her insights on climate disclosure requirements and best practices for carbon accounting. ‘The HKEX New Climate Requirements, which are closely aligned with ISSB S1 and S2, will come into play for listed issuers for the period beginning on or after 1 January 2025. Issuers should start taking stock of their carbon inventory, monitoring its level and consider how that affects business operations and decisions. Carbon accounting and pricing play a significant role in allowing companies to understand their carbon footprint and the cost of carbon emissions, in order to make more informed decisions in investments and resource allocations. After all, this is not a compliance exercise; it’s the beginning of the transformation journey,’ said Loretta Fong. Will Jackson-Moore Loretta Fong Lit Ping Low #PwC #PwCChina #HKGFA2024 #Sustainabiliy #GreenFinance #ClimateChange #NetZero #TransitionFinance #Carbonpricing #Carbonaccounting #Decarbonisation #ESG

Happy World Mental Health Day!   At #PwC, we are committed to prioritising health and wellbeing of our people. This year’s official #WHMD theme, ‘It is time to prioritise mental health in the workplace,’ resonates deeply with our ongoing commitment to fostering an environment where mental health is a top priority.   This October, we're excited to introduce a series of initiatives that reinforce our dedication to our people’s mental wellbeing. We'll be launching a series of interactive mental health workshops, promoting the Green Ribbon as a symbol of awareness, and offering opportunities for connection and recognition within our #WellnessReimagined app.   Fostering a mentally healthy workplace begins with simple yet impactful actions: practicing self-care, extending support to our colleagues, and being mindfully present. Let's continue to make mental health a priority and work together to build a supportive and caring work environment.   #PwC #WorldMentalHealthDay #MentalHealth

In this increasingly interconnected business world, we not only value the service quality of third party service providers, but we are also placing greater emphasis on their contagious impacts during disruption. PwC Hong Kong recently hosted a roundtable on ‘Strengthening resilience through collaborative third party risk management’ with guests from more than 30 entities. Our partners James Tam, Edmund Lee, Gary Ng, Hokee Fu, Karen Wong, Ross Xiao 肖志辉 shared insights with banking and insurance industry leaders on the recent developments in third party risk management (#TPRM) alongside the lessons learned from the #CrowdStrike incident. We are delighted to invite experts from TMT, banking and cloud services industries. Our honourable guests, Benedict Cheng from PCCW, Murrey Mak from The Bank of East Asia, and Jason Jiang from AWS, explored evolving challenges on enterprise risk management. The diverse perspectives shared by our guests illuminated the unique challenges each sector faces and highlighted the importance of collaboration and maintaining an #ecosystem in developing robust risk management strategies. Through this open dialogue, we uncovered some best practices and innovative solutions that can strengthen our collective approach to managing risks associated with third party partnerships, ultimately enhancing #resilience across industries. Swipe through the content below to learn more about the insights we covered in the roundtable. #PwC #PwCHK #ThirdPartyRiskManagement #OperationalResilience #EnterpriseRiskManagement #SupplyChainRiskManagement #OperationalExcellence

Around 100 clients joined us at the #PwC seminar 'BEPS 2.0 Pillar Two - Latest update and data strategy', which covered updates on the implementation status of #PillarTwo in different jurisdictions and dived deep into the Pillar Two data strategy and technology. The Pillar Two calculation involves a significant amount of data, which often comes from a variety of data sources owned by a diverse group of stakeholders (e.g. ERP, consolidation system, HR system, emails, excel spreadsheets). This makes the collection and synthesisation of the data challenging and therefore, developing a comprehensive data strategy, or a Pillar Two calculation approach is the core to Pillar Two readiness. We shared insights on how to develop a data strategy rooted in systems and processes that can sustain various reporting and compliance requirements for Pillar Two. Additionally, we showcased several innovative tools currently available in the market, including PwC's Sightline Questionnaire, Total Tax Management Platform, and Pillar Two Engine, with live demonstrations that illustrated their capabilities. Discover more about PwC's Pillar Two Engine: https://lnkd.in/dz6PEb-M Jesse Kavanagh, Ann Kwok, Flora Chan, Ivan Lam, Henry Leung, Chun Yian CY Tan #PwC #PwCHK #OECD #BEPS #BEPS2.0 #PillarTwoEngine

Today, PwC Hong Kong recommended a three-pronged approach to the Chief Executive’s 2024 Policy Address in order to reinforce Hong Kong’s global competitiveness and financial strength through strategic initiatives: - Recouping capital: reinforcing Hong Kong’s global competitiveness and financial strength - Enhancing enterprise and talent attraction: revitalising a vibrant business environment - Embracing digital economy: optimising opportunities for growth Peter Ng, PwC Asia Pacific and China Vice Chairman, said, "The economic development of Hong Kong entails coordinated efforts among different stakeholders to navigate the economic headwinds and harness the potential of the development of new quality productive forces and closer integration with Chinese Mainland and regional partnerships. This will enable a robust economic environment that fosters growth, innovation, and sustainability, ultimately positioning Hong Kong to reemerge as a city of hope and opportunities.” Download the report – A three-pronged approach to fostering Hong Kong’s new quality productive forces: https://lnkd.in/gk4s5JC6 Download PwC’s recommendations for 2024 HKSAR Government Policy Address – Executive Summary: https://lnkd.in/gBhr3AZ9 Peter Ng Agnes Wong Albert Wong Chris ST Chan Dennis Ho Eddie Wong Josephine Kwan Loretta Fong Peter Brewin #PwC #PwCHK #PolicyAddress #CapitalMarkets #FamilyOffice #Talent #DigitalAsset #DigitalEconomy #SmartCity #Tax #PPPs

In light of the abolition of the use of accrued benefits of employers’ mandatory contributions to a Mandatory Provident Fund scheme to offset long service payments, we have reached out to the Inland Revenue Department (IRD) via the Hong Kong Institute of Certified Public Accountants to share our views on the profits tax implications for employers. The IRD’s views are generally in line with ours in its recent written reply. Find out more about our observations: https://lnkd.in/g87hV3qc #PwC #Tax #MPF #ProfitsTax

Hack A Day 2024 Competition is now open for registration!   In #HackADay 2023, we received overwhelming responses from teams across six regions, with 81 teams, 307 students participating in two tracks – the #Hackathon and the #CaptureTheFlag Competition.   If you are an undergraduate student in 2024-2025, don’t miss the chance to join the #HackADay Competition. Challenge yourself with real-life scenarios and stay updated on the latest AI and identity security issues. Learn to hack, hack to learn – be part of our commitment to make the digital world a safer place.   This is our identity. This is PwC’s Dark Lab.   Apply before 4 October at: https://lnkd.in/guFspcqi   Kok Tin Gan Jenius Shieh Daryl Li Vanessa Law   #PwC #PwCHK #HackADay2024 #DarkLab #SecuringIdentity #Cybersecurity

In the era of transformative technology, #GenerativeAI (#GenAI) emerges as a pivotal force in enhancing competitiveness through driving operational efficiency and fostering innovation within enterprises. Yet, to fully leverage GenAI's potential, responsible AI practices are essential. These practices not only manage risks but also build trust, providing a pragmatic way to adopting innovation competitively.   Hear from Chun Yin (CY) Cheung, PwC Central China's Cybersecurity and Privacy Services Leader, and Chris Mo, PwC Hong Kong's Digital Trust and Risk Partner, as they delve into the challenges and solutions surrounding the responsible use of GenAI. https://lnkd.in/gjEYacuG #PwC #PwCChina

Hack A Day 2024 is back, and it’s bigger than ever!   Building on last year’s focus on AI, we are addressing the escalating challenge of fake identities created through technologies like deepfake and more. Our theme for this year, ‘Securing Identity’, highlights the critical importance of protecting digital identities in our interconnected world.   Join us at the #HackADay Cybersecurity Conference on 11th November as we work together to make the digital world a safer place.   This is our identity. This is PwC’s Dark Lab. Sign up now: https://lnkd.in/gHgRpD4t Kok Tin Gan Jenius Shieh Daryl Li Vanessa Law   #PwC #PwCHK #HackADay2024 #DarkLab #SecuringIdentity #Cybersecurity

China’s economy continues to recover but remains uneven in the first half of the year, with GDP #growth at 5% year-on-year. While high-tech manufacturing and exports drove growth, a prolonged property downturn and weak consumer spending highlighted the challenges. Policymakers are reaffirming the 5% growth target with increased support and stimulus.   Our latest report delves into five pillars of new quality productive forces driving sustainable growth through technological innovations, institutional reforms, and promoting opening up. Discover more in our latest report on China’s economic momentum and these transformative forces: https://lnkd.in/gHwbY_X2   #PwC #PwCChina #NewQualityProductiveForces