Ryan Capital: In the past 24 months, 155 newly listed companies in Hong Kong were audited by various intermediary agencies, with PricewaterhouseCoopers ranking first.

Ryan Capital's statistics on Hong Kong intermediary agencies show that in the past 24 months (July 2023 to June 2025), there were a total of 13 auditors involved in the audit business of 155 newly listed companies in Hong Kong. The top 4 auditors were PricewaterhouseCoopers, EY, KPMG, and Deloitte, collectively holding a market share of 90.3%. (1) Data for the past 24 months (July 2023 to June 2025) According to the statistics, in the past 24 months, a total of 13 auditors were involved in the audit business of 155 newly listed companies. In terms of the number of audits conducted in the past 24 months, the top 4 auditors were: PricewaterhouseCoopers, with 41 companies, accounting for 26.5% and ranking first; EY, with 40 companies, accounting for 25.8% and ranking second; KPMG, with 36 companies, accounting for 23.2% and ranking third; Deloitte, with 23 companies, accounting for 14.8% and ranking fourth. These four auditors collectively hold a market share of 90.3%. Among these 13 auditors, 4 auditors only participated in the audit of one listed company, accounting for 30.8% of the total number of auditors involved (13 auditors). (2) Data for the past 12 months (July 2024 to June 2025) Looking at the data for the past 12 months, 10 out of the 13 auditors were involved in the audit business of 85 newly listed companies. The top four auditors in the past 12 months were KPMG, EY, PricewaterhouseCoopers, and Deloitte, with 24 companies, 22 companies, 18 companies, and 13 companies, respectively, accounting for 28.2%, 25.9%, 21.2%, and 15.3% of the total. (3) Data for the past 6 months (January 2025 to June 2025) Looking at the data for the past 6 months, 8 out of the 13 auditors were involved in the audit business of 44 newly listed companies. The top four auditors in the past 6 months were EY, KPMG, PricewaterhouseCoopers, and Deloitte, with 15 companies, 11 companies, 7 companies, and 5 companies, respectively, accounting for 34.1%, 25.0%, 15.9%, and 11.4% of the total.