The 24th edition of our survey of Hong Kong banks' performance also includes timely comment on the outlook for the sector in the year ahead. While economic conditions in Hong Kong were generally favourable in 2011, it was evident that banks were operating in a challenging environment and GDP growth has slowed moving into 2012. This combined with an increasingly uncertain investment market, has led to slowing activity in the banking sector.
© 2021 KPMG Huazhen LLP, a People's Republic of China partnership, KPMG Advisory (China) Limited, a limited liability company in China, KPMG, a Macau partnership and KPMG, a Hong Kong partnership, are member firms of the KPMG global organisation of independent member firms affiliated with KPMG International Limited ("KPMG International"), a private English company limited by guarantee. All rights reserved. The KPMG name and logo are registered trademarks or trademarks of KPMG International.
For more detail about the structure of the KPMG global organisation please visit https://home.kpmg/governance.