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COIN
EY releases the Overview of China outbound investment of 2023
BEIJING, 5 FEBRUARY 2024 — Today, EY Greater China region (hereafter EY) released the Overview of China outbound investment of 2023. The report highlights a 0.9% YOY growth in China’s overall ODI, reaching US$147.9 billion; non-financial ODI increased by 11.4%, showing rapid growth, with B&R partner countries outpacing the overall increase[1]. Additionally, Chinese enterprises announced a total overseas M&A value of US$39.8 billion, growing by 20.3% YOY. Notably, this marks three consecutive quarters of QOQ growth and accompanied by a significant increase in number of large transactions compared to the preceding year[2].
5 Feb 2024 Beijing
Tax
EY recommends the Government to focus on attracting investments to Hong Kong and adopt targeted supportive measures
HONG KONG, 23 JANUARY 2024 – Ernst & Young Tax Services Limited (EY) estimates that the Hong Kong SAR Government (the Government) will record a fiscal deficit in the financial year 2023-24 of HK$148.0 billion, which would exceed the HK$54.4 billion originally forecasted in the Government’s Budget announced in February 2023 by almost two times.
23 Jan 2024 Hong Kong SAR
More press releases
Dr. Howard Yang, Chairman, CEO, and Chief Scientist of Montage Technology Co., Ltd. and Li Ning, Chairman/Chief Executive Officer of Viva Goods Company Ltd. named Chinese mainland winner and Hong Kong/Macau winner for the EY Entrepreneur Of The Year™ 2023 awards
SHENZHEN, 13 DECEMBER 2023 — EY announced Dr. Howard Yang, Chairman, CEO, and Chief Scientist of Montage Technology Co., Ltd. and Li Ning, Chairman/Chief Executive Officer of Viva Goods Company Ltd. were named Chinese mainland winner and Hong Kong/Macau winner for the EY Entrepreneur Of The Year™ 2023 awards in recognition of their spirit of inheritance and innovation, openness and integration. Along with their sustained endeavors and proactive integration into the national innovation system, they engage themselves in multi-value co-creation and sharing, to further stimulate the vitality of Chinese enterprises and support Chinese-style modernization.
13 Dec 2023
EY Entrepreneur Of The Year™ 2023 Awards winners unveiled
SHENZHEN, 12 DECEMBER 2023 — Winners for the EY Entrepreneur Of The Year™ 2023 awards (see Annex I) were unveiled today, with 10 outstanding entrepreneurs from the Chinese mainland and Hong Kong/Macau won the awards. This year’s EY Entrepreneur Of the Year (EOY) program is held under the theme of “Embracing integration to create opportunities; joining hands to shape the future”, with an aim to identify entrepreneurs who contribute efforts in supporting high-quality economic development in line with opening-up and cooperation principles, and serves as a platform to promote exchanges and cooperation among entrepreneurs from Chinese mainland and Hong Kong/Macau to gather their strength and wisdom for the advancement of Chinese modernization.
12 Dec 2023
EY releases the Overview of China outbound investment of the first three quarters of 2023
BEIJING, 27 NOVEMBER 2023 — Today, EY Greater China region (hereafter EY) released the Overview of China outbound investment of the first three quarters of 2023. The report indicates a 6.7% YOY growth in China’s overall ODI, reaching US$114 billion[1]. Chinese enterprises announced a total overseas M&A value of US$24.5 billion, growing by 11.6% YOY. M&A value has achieved an increase QOQ for two consecutive quarters this year. However, the deal volume continued to contract, hitting a near-decade low.
27 Nov 2023
