Core Insights - The report by Ernst & Young indicates a growth trend in IPO activities in mainland China and Hong Kong for 2025, with A-shares and Hong Kong markets accounting for 16% and 33% of global IPO numbers and fundraising amounts respectively [2] - The Hong Kong Stock Exchange leads globally with a fundraising amount of $36 billion, marking a significant recovery in the IPO market [2] - Chinese companies occupy five spots in the global top ten IPOs, with sectors including automotive, mining, energy, and advanced manufacturing [2] A-Share Market Summary - The A-share IPO market has transitioned from "scale expansion" to "quality priority" over the past five years, focusing on technology innovation and institutional inclusivity for high-quality development [3] - The number of companies applying for A-share IPOs in 2025 is expected to remain stable compared to last year, with a notable increase in average fundraising amount exceeding 50%, reaching 1 billion yuan [3] - As of November 26, 2025, 199 companies have submitted IPO applications, with a peak in submissions occurring in June, primarily in the technology sectors such as artificial intelligence and high-end chips [3] Hong Kong IPO Market Summary - The Hong Kong IPO market is experiencing a strong recovery, with fundraising exceeding 200 billion HKD for the first time in four years, driven by large IPO projects [4] - Over 20 A-share companies are expected to debut in Hong Kong, raising more than 170 billion HKD, contributing significantly to the market's resurgence [4] - The average fundraising size has increased by 137% compared to last year, reaching the second-highest level in five years [4] Future Outlook - For 2026, A-share IPOs are anticipated to gradually return to a normalized issuance pace, focusing on sustainable growth within market capacity [4] - The Beijing Stock Exchange is becoming a key player in IPO applications and guidance, with a continued emphasis on strategic emerging industries such as artificial intelligence, robotics, semiconductors, new energy, and biomedicine [4] - The Hong Kong IPO market is expected to maintain its momentum, with a focus on A+H share models and the return of Chinese concept stocks, while the Hong Kong Stock Exchange continues to optimize listing regulations [5]

Core Insights - Deloitte China has released its sixth annual Social Impact Report for the fiscal year 2025, highlighting a total strategic investment exceeding 30 million yuan [1][2] Business Growth - In fiscal year 2025, Deloitte China integrated audit, tax, and consulting services, supporting over 2,000 Chinese enterprises in expanding into overseas markets [1] Talent Development - Since the establishment of Deloitte Academy, the company has organized over 3,000 internal training and exchange sessions, with more than 1,500 visits from government and enterprises [1] Environmental Protection - Deloitte China's offices have achieved 20 certifications for green and/or healthy buildings, and the company purchased 7,242 International Renewable Energy Certificates (I-RECs) and 754 Chinese Green Electricity Certificates (GECs), ensuring 100% renewable energy usage in its offices [1] Social Contribution - In fiscal year 2025, Deloitte China continued its investment in rural education and talent development, benefiting over 1.4 million people through the "Smart Start" program, with a total of 9.27 million beneficiaries. Employee volunteer service hours reached 66,782, with total strategic investment in social impact amounting to 30.18 million yuan [2] Governance - The practical experience of the independent consulting committee on audit quality at Deloitte Huayong has been incorporated into the "Certified Public Accountant Industry Development Report" for promotion within the industry [2]

Core Insights - A recent KPMG survey indicates that 89% of CEOs believe tariffs will significantly impact their businesses over the next three years, with 86% planning to raise prices to offset these costs [1][4] - The survey reflects ongoing concerns about supply chain issues, with CEOs prioritizing cost management and pricing strategies as they navigate these challenges [2][3][4] Supply Chain and Pricing Strategies - Supply chain remains a top concern for CEOs, with many indicating that raising prices is a last resort after exploring other cost-cutting measures [4][5] - CEOs are actively managing supplier relationships and seeking immediate cost reductions before considering price increases [4][6] Economic Confidence and M&A Activity - 86% of CEOs express confidence in the growth prospects of the country, and 84% are optimistic about their own companies, leading to increased M&A activity, with over half planning to engage in some form of M&A in the coming years [7][8] - The current M&A landscape is characterized by larger transactions rather than middle-market deals, reflecting a growing confidence among CEOs despite ongoing uncertainties [8] AI Investments - A significant shift has occurred in CEO attitudes towards AI, with a majority now prioritizing investments in AI technologies, compared to only 20% a year ago [10][11] - CEOs are focused on leveraging AI for efficiency improvements and product design, indicating a strong belief in the growth opportunities presented by AI investments [11][12]

5月7日，安永在京正式启动了第四届"上市公司可持续发展官论坛暨年度最佳奖项评选"，本次活动以"数智绿动 创领 新程"为主题。 值得关注的是，在ESG（环境、社会、治理）信息披露监管日益趋严，以及人工智能（AI）技术爆发式增长的双重机 遇下，本次评选活动聚焦AI技术在ESG治理全链条中的创新应用，安永在延续原有评价维度的基础上，首次引入AI辅 助评审机制，依托'安永企业ESG信息库'的全维度数据，提升评选科学性和公正性，深入探讨上市公司构建"科技创新 +绿色治理"双轮驱动的新发展模式。 "上市公司可持续发展官论坛暨年度最佳奖项评选"项目联合主席、安永华北区主管合伙人张明益指介绍称："立足国家 战略部署和当前AI技术发展前沿，今年的活动以'数智绿动 创领新程'为主题，深入探讨数智化技术推动产业升级，助 力企业高效提升ESG表现。通过分享'AI+'赋能绿色低碳转型的最佳实践，呈现数智技术驱动下商业模式革新、产业转 型升级与生态保护共赢的崭新图景。" 近年来，随着监管政策的完善与企业自身态度由"被动合规"与"主动创新"的转变，各行业对ESG体系的建设日趋多元 化、系统化，ESG信息披露工作也更加标准、清晰，而AI技术 ...