Core Viewpoint - Deloitte estimates that Hong Kong's fiscal budget for 2025/26 will be approximately balanced with a surplus of HKD 15.6 billion, and the fiscal reserves are expected to reach around HKD 669.9 billion by March 31, 2026, reflecting a year-on-year increase of 2.4% from HKD 654.3 billion last year [1] Group 1: Fiscal Proposals - Deloitte suggests developing the Northern Metropolis as a new growth engine for Hong Kong, proposing investment tax credits and subsidies for businesses investing in the area, as well as a 150% special tax deduction for interest expenses and professional fees related to bonds issued for supporting the development [1] - A dedicated tax framework is recommended for the Hong Kong-Shenzhen Innovation and Technology Cooperation Zone, extending tax incentives to activities in the Shenzhen area [1] Group 2: Tax Optimization and Dual Listing - Recommendations include optimizing tax policies to promote dual listings and capital investment, such as providing a "safe harbor" for companies dual-listed in Hong Kong and reducing the stamp duty rate on transactions involving dual-listed company shares by 0.05% [2] - The proposal to change the interest expense deduction condition from "actual taxation" to "applicable tax rate" standard for Corporate Treasury Centers (CTC) and provide unilateral tax credits for CTC income [2] Group 3: Financial Services and Wealth Management - The expectation to maintain Hong Kong's competitive advantage as a regional asset and wealth management center includes offering preferential tax regimes for eligible fund managers, reducing the profits tax rate to 8.25% [2] - Additional recommendations include tax incentives for licensed digital asset market participants and single-family offices, as well as enhancing the charitable ecosystem [2]

第八届中国国际进口博览会（下称"进博会"）正在火热举行，持续展现着中国开放合作的坚定决心与广阔机遇。 自2018年首届进博会起，德勤、安永、毕马威、普华永道四大国际会计师事务所（下称"四大"）已连续八届参展，全程见证并深度参与了进博会的成长历 程，亲身体验着进博会"越办越好"的积极变化。 从重磅洞察报告的集中发布到前沿理念的深度碰撞，从战略合作协议的成功签署到专业服务项目的落地见效，"四大"在这场开放盛会中持续收获，与进博 会共同成长。 踏入人潮涌动的服务贸易展区，《国际金融报》记者实地走访发现，今年"四大"展台紧密围绕当下行业热门议题，携多款重磅报告及首发展品惊艳亮相， 新服务、新模式与新业态成为展区焦点。 "全勤"见证 八载同行，"四大"与进博会一同成长，见证了进博会这棵全球企业的"幸运草"不断茁壮成长。 德勤中国华东区主管合伙卢强表示，"从首届的探索到如今的深度参与，作为年年不缺席的'全勤生'，德勤在这个平台上展示了许多创新解决方案，助力 各行业客户与合作伙伴把握机遇、应对挑战，实现世界一流的高质量发展目标。" 谈及进博会的独特价值，夏俊表示，"进博会不仅是创新成果的展示窗口，更是推动合作落地与价值转化 ...

中新网北京11月2日电 (记者夏宾)当前，中国"数智"与"绿色"双化协同不断走深走实，推动企业ESG建 设从理念倡导迈向系统化、智能化的实践新阶段。在此背景下，聚焦数智化这一创新动能，第四届上市 公司可持续发展官论坛暨年度最佳奖项评选(下称"活动")于近日在北京举办。活动现场，"安永可持续发 展年度最佳奖项2025"获奖名单揭晓。 从零碳技术驱动全链转型，到人工智能赋能新质生产力；从乡村振兴共创共享，到绿色出海输出中国方 案——本届获奖实践体现中国企业在ESG融合AI领域的前沿探索，成为构建现代化产业体系、实现高质 量发展的生动注脚。 安永中国主席兼大中华区首席执行官陈凯表示，今年，可谓全球可持续发展的关键一年，《巴黎协定》 达成10周年，《联合国气候变化框架公约》第30次缔约方大会即将在巴西召开，全球气候治理虽仍面临 挑战和不确定性，但绿色低碳、可持续发展终将是时代潮流；今年也是"绿水青山就是金山银山"理念提 出20周年。随着人工智能技术的跨越式发展，一股前所未有的强劲动能正推动着中国企业加快数字化绿 色化转型。 陈凯认为，企业是经济活动的核心力量，既是可持续发展的影响者，更是解决方案的创造者，在技术创 新 ...

本报讯 （记者毛艺融）近日，毕马威成功举办首届"未来企业家大奖"颁奖典礼。该奖项自今年3月份正 式启动以来，历经数月的严格筛选与专业评估，一批优秀的企业家凭借其在企业长期发展、技术创新、 国际化、社会责任等方面做出的卓越贡献，获颁该奖项。 颁奖典礼现场揭晓了"未来企业家年度大奖""未来非凡巾帼企业家""未来卓越家族企业家"以及"未来杰 出新锐企业家"四大奖项。获奖人不仅包括在高端制造、新能源、数字化转型等领域取得技术突破的科 技型企业家，也涵盖了通过制度治理与文化传承实现代际交接的标杆企业经营者，反映了新时代企业家 的领导力与前瞻视野。 此次评选聚焦中国民营企业的传承与突破、创新与可持续发展，颁奖典礼现场吸引了来自全国各地的企 业家代表、专家及学者参与，共同探讨在新经济背景下企业如何实现有序传承、治理升级与创新突破。 毕马威中国首席市场营销官周骏表示，在政策与市场的双重机遇下，获奖企业家展现了新时代企业家精 神的特质，他们既以创新为舟破浪前行，又以全球化为帆开拓疆域，更肩负着企业精神的代际传承。他 们的实践，正为中国经济高质量发展注入源源不断的韧性与活力。 毕马威表示，中国企业家精神随国家发展不断演进。今天的 ...

Core Insights - The 2025 Sustainable Global Leaders Conference will be held from October 16 to 18 in Shanghai, focusing on global action, innovation, and sustainable growth [1] - The conference aims to explore new paths for sustainable development and inject "Chinese momentum" into global governance [1] - Approximately 500 prominent guests, including 100 international attendees, will participate, featuring leaders from various sectors, including Nobel laureates and executives from Fortune 500 companies [1] Group 1: Conference Overview - The conference is organized by the World Green Design Organization and Sina Group, with support from the Shanghai Huangpu District Government [1] - It will cover nearly 50 topics, including energy and "dual carbon," green finance, sustainable consumption, and technology and public welfare [1] Group 2: AI and Sustainable Business - The Chairman of Ernst & Young China, Chen Kai, highlighted the opportunities and challenges AI brings to sustainable business development during the conference [2][4] - AI can significantly enhance the efficiency of collecting, analyzing, and processing ESG data, transforming governance into intelligent management [4] Group 3: Recommendations for AI in ESG - Companies are advised to use AI to optimize ESG management, improve decision-making processes, and enhance transparency [5] - AI can assist in ESG risk warning by integrating data, real-time monitoring, and predictive modeling to identify potential climate risks [5] - AI can help explore pathways for green transformation by analyzing ESG data to identify peak carbon emission points and generate strategic plans for emission reduction [5] - Generative AI technology can improve the quality of information disclosure, addressing data lag issues and ensuring compliance with regional standards [6]

Group 1: Investment in AI and Technology - A significant majority (71%) of global CEOs are prioritizing artificial intelligence as a key investment area for 2026, with 69% planning to allocate 10% to 20% of their budgets to this field in the coming year [1] - In China, 26% of CEOs are focusing on digital and interconnected transformation as their top strategic initiative for the next three years, surpassing the global average of 18% [2] - The expectation for a return on investment from AI within three years is held by 67% of global CEOs, while this figure has dramatically increased to 86% among Chinese CEOs, with 20% believing they will see returns in less than a year [2] Group 2: Challenges and Concerns - CEOs express concerns regarding the ethical implications (59%), data readiness (52%), and regulatory gaps (50%) associated with AI, indicating a need for a robust governance framework for sustainable AI development [2] - Despite fears of mass unemployment due to AI, 61% of CEOs are actively recruiting talent with AI and technical skills, while 70% are worried about competition for AI talent [3] - 79% of Chinese companies are concerned about the high costs associated with the necessary technology infrastructure for AI deployment, which is higher than the global average [3] Group 3: Commitment to ESG Goals - 88% of Chinese CEOs express confidence in the future development of the Chinese economy, marking a 17 percentage point increase from the previous year [4] - A majority of CEOs remain committed to achieving sustainability goals, with 55% prioritizing compliance and reporting standards to meet investor and regulatory expectations, compared to 51% globally [4] - The survey indicates that CEOs are seeking opportunities through bold investments in technology, innovation, and talent while balancing innovation with ethical and regulatory concerns [4]

Group 1 - The visit of IASB Chairman Andreas Barckow to Deloitte China highlights the international influence of the Chinese accounting market and Deloitte China's unique value in connecting practice with standard-setting [1][11] - Liu Minghua, CEO of Deloitte China, emphasized the critical role of IASB in enhancing transparency, comparability, and efficiency in capital markets, and noted Barckow's previous association with Deloitte [5][11] - The discussions during the visit included the impact of accounting standard changes on the industry and the prospects of artificial intelligence in accounting and auditing [3][5] Group 2 - The meeting featured a warm exchange between Barckow and Deloitte partners, showcasing a long-standing relationship and shared insights in the field of accounting standards [3][5] - Barckow stressed the importance of maintaining professional judgment and critical thinking while embracing technological innovations [3] - Deloitte China will continue to uphold its professional spirit and collaborate with various parties to shape a more transparent and trustworthy future economy [11]

Group 1 - The core viewpoint of the article highlights that the Hong Kong government is actively promoting the normalization of tokenized bonds through the Hong Kong Monetary Authority's continued advancement of the Ensemble project [1] - The gradual normalization of tokenized bonds is expected to lead to further exploration of application scenarios in a regulatory sandbox, including trade financing and fund distribution, positioning Hong Kong as a demonstration market in the global RWA tokenization wave [1] - The government is balancing innovation with robust risk management by promoting a licensing system for digital asset trading and custody services, alongside the introduction of automated data monitoring tools [1]

Group 1 - The wage growth for new employees in the UK has dropped to its lowest level in over four years, indicating a weakening labor market that is alleviating inflationary pressures [1] - The survey conducted by the Recruitment and Employment Confederation (REC) and KPMG shows that the growth rate of starting salaries fell to its lowest since March 2021, coinciding with the pandemic restrictions [1] - There is a significant increase in the number of job seekers, while demand for labor continues to decline, reflecting a complex business environment and mixed feedback on corporate confidence [1] Group 2 - The REC survey indicates that the growth rate of candidates has reached its fastest pace since 2020 due to layoffs and hiring freezes, with many employees seeking new jobs out of job security concerns [2] - The number of job vacancies has decreased significantly, with the largest drop in retail and hospitality sectors, while only the construction industry saw an increase in demand for full-time employees [2] - Despite a slowdown in the decline of full-time job availability, the overall situation remains bleak, with all eyes on the upcoming autumn budget to avoid further impacts on the labor market [2]

Core Viewpoint - The recent public consultation by the Chinese Institute of Certified Public Accountants aims to establish a clear regulatory framework for sustainable information verification, marking a new phase of standardization and professionalism in ESG verification in China [1] Group 1: Challenges in Sustainable Information Verification - Current challenges in China's sustainable information verification include fragmented standards, significant differences in methods and indicators among verification institutions, and inadequate risk assessment capabilities [2] - The consultation draft aims to address these issues by proposing key measures to fill the gaps and resolve related challenges [2] Group 2: Standardization and Quality Control - The consultation draft is expected to resolve the long-standing fragmentation issue in the industry by establishing standardized procedures and requirements for verification [2] - It emphasizes the need for quality control mechanisms and clear anti-fraud requirements to provide reliable institutional guarantees for the market [1][2] Group 3: Incorporating International Experience and Local Adaptation - The draft draws on international frameworks like ISSA 5000 while considering the local context of China's nascent sustainable information disclosure and verification practices [3] - It proposes detailed requirements for dual materiality assessment and expert competency evaluation, aligning with domestic regulatory frameworks [3] Group 4: Enhancing Verification Quality - The draft sets stringent requirements for verification institutions, including the need for project partners to possess adequate competency in sustainable information [4] - It highlights the importance of maintaining independence and quality management within verification processes [5] Group 5: Addressing Fraud and Data Verification Challenges - The identification of fraud remains a significant challenge in sustainable information verification, particularly due to the lack of standardized metrics for non-financial data [7] - The draft suggests implementing technological solutions and cross-departmental collaboration to enhance data verification and fraud detection [8] Group 6: Strengthening Accountability and Regulatory Mechanisms - The establishment of a robust accountability framework is crucial, with suggestions for dual accountability for fraudulent activities involving both companies and verification institutions [9] - A two-way data reporting platform is proposed to facilitate communication between verification institutions and regulatory bodies, enhancing the identification of high-risk entities [10]