Core Viewpoint - South China Holdings (01982) announced that PricewaterhouseCoopers will resign as the company's auditor at the end of the upcoming annual general meeting on September 29, 2025, due to a failure to reach an agreement on the proposed auditor's remuneration for the fiscal year ending March 31, 2026 [1] Group 1 - The company will recommend the appointment of KPMG as the new auditor following the resignation of PricewaterhouseCoopers [1] - The term for KPMG will commence from the conclusion of the annual general meeting until the conclusion of the next annual general meeting [1] - The appointment of KPMG is subject to approval by shareholders at the annual general meeting [1]

毕马威国资国企改革发展中心与国资研究中心基于专业服务团队项目经验，编写了《深化国资国企改革 实践》系列文章，希望能够从真实案例出发，深入分析国企改革与高质量发展面临的挑战，提出应对策 略，并与读者分享毕马威专家的独到见解和国资国企先进实践。 本文是系列文章第19篇——国有资本投资运营平台"十五五"高质量发展规划。 2025年是"十五五"规划编制的谋划之年，也是实现高质量发展的关键节点。3月，《求是》杂志刊发国 务院国资委党委署名文章，提出要以高质量编制和实施企业"十五五"规划为契机，努力培育新的增长 点，形成内生增长的良性循环。 板块定位与重组路径：根据集团整体战略规划，明确各个板块的战略定位、板块内企业实体构成和内部 重组路径；制定各业务板块的短、中、长期发展规划，包括发展定位、发展策略、收入和总资产目标、 研发成果、重点举措与行动计划等。 对板块内企业进行分类并制定差异化的业务规划：根据板块各企业的财务状况、主要业务与产品、业务 方向、市场增长潜力等具体情况，对其进行分类，例如核心盈利企业、保持稳定增长企业等，根据分类 许多企业战略规划的动态更新机制不完善，未能及时将外部环境和内部经营状况的变化纳入考 量 ...

Group 1 - The company has appointed KPMG as the external auditor for the group for the fiscal year ending December 31, 2026 [1] - The appointment of KPMG will be presented for shareholder approval at the next annual general meeting [1] - PricewaterhouseCoopers will retire as the company's auditor at the conclusion of the annual general meeting in 2026, with KPMG's appointment taking effect immediately thereafter [1]

Core Viewpoint - Dah Sing Banking Group (02356) has announced the appointment of KPMG as the external auditor for the group and its subsidiaries for the fiscal year ending December 31, 2026, pending shareholder approval at the next annual general meeting [1] Group 1 - The board of directors has resolved to appoint KPMG as the external auditor [1] - The current auditor, PricewaterhouseCoopers, will retire at the end of the annual general meeting in 2026 [1] - KPMG's appointment will take effect immediately after the retirement of PricewaterhouseCoopers [1]

Core Points - Dah Sing Bank Group has announced the appointment of KPMG as the external auditor for the company and its subsidiaries for the fiscal year ending December 31, 2026 [1] - The current auditor, PwC, will retire at the end of the company's annual general meeting in 2026, with KPMG's appointment taking effect immediately after [1]

Group 1 - The company has appointed KPMG as the external auditor for the group for the fiscal year ending December 31, 2026, subject to shareholder approval at the next annual general meeting [1] - PricewaterhouseCoopers will cease to be the company's auditor at the conclusion of the annual general meeting in 2026 [1] - The appointment of KPMG will take effect immediately after the resignation of PricewaterhouseCoopers [1]

Core Viewpoint - The announcement by the Ministry of Finance and the State Taxation Administration regarding the resumption of VAT on interest income from newly issued government bonds, local government bonds, and financial bonds starting from August 8, 2025, significantly impacts financial institutions across various business lines [2]. Policy Key Points - The new policy distinguishes between newly issued bonds and existing bonds, with the latter remaining exempt from VAT until maturity [3]. - The definition of financial bonds includes those issued by legally established financial institutions in China, which must be evaluated by financial institutions to determine tax applicability [4]. - Other financial products not classified as financial bonds may continue to enjoy VAT exemptions [5]. Impact Analysis - Domestic financial institutions will face a 6% VAT on newly issued government and local government bonds, affecting investment returns [7]. - Asset management products currently benefiting from a simplified 3% VAT rate will see changes in net value and yield due to the resumption of VAT on bond interest [8]. - The impact on foreign institutions remains uncertain, particularly regarding the continuation of existing tax exemptions [10][11]. Recommendations for Financial Institutions - Financial institutions should assess the impact of the VAT policy change on existing investment models and adjust both short-term and long-term strategies accordingly [16]. - Systems must be updated to ensure tax compliance, including modifications to existing VAT systems to accommodate new regulations [16]. - Continuous monitoring of upcoming VAT law regulations and related policies is essential for adapting to potential changes in tax incentives [16].

Core Points - Zhongyu Energy (03633) announced the resignation of Deloitte as its auditor, effective from August 4, 2025, due to a failure to reach an agreement on the audit fees for the consolidated financial statements for the year ending December 31, 2025 [1] - The audit committee has recommended and approved the appointment of KPMG as the new auditor, effective from August 7, 2025, to fill the temporary vacancy left by Deloitte's resignation, with the term lasting until the conclusion of the next annual general meeting of shareholders [1]

格隆汇8月7日丨中裕能源(03633.HK)发布公告，德勤已辞任公司核数师，自2025年8月4日起生效，此乃 由于公司与德勤未能就审核公司及其附属公司截至2025年12月31日止年度的综合财务报表的核数费用达 成共识。 董事会进一步宣布，经审核委员会推荐，其已议决委任毕马威会计师事务所为新核数师，自2025年8月7 日起生效，以填补德勤辞任后的临时空缺，任期直至下届公司股东周年大会结束为止。 ...

经审计委员会推荐，董事会进一步宣布，已议决委任香港立信德豪会计师事务所有限公司(立信德豪)为 公司核数师，自2025年8月4日起生效。此项委任旨在填补辞任后的临时空缺，并将持续有效直至公司下 届股东周年大会结束为止。 万城控股(02892)发布公告，由于公司与毕马威会计师事务所未能就截至2025年12月31日止财政年度的 审计费用达成共识，毕马威会计师事务所已辞任公司核数师，自2025年8月1日起生效。 ...