- Type: Join us, KPMG information, Press release
- Date: 6/19/2008
Nanjing, 19 June 2008
KPMG has reached another important milestone by establishing its 12th office in China in Nanjing, the capital city of Jiangsu Province. The new office, KPMG Advisory (China) Limited Nanjing Branch, will commence operations with approximately 35 professionals to provide a wide range of tax, financial advisory and business advisory services.
Major officials from the municipal and the district government of Nanjing were invited as our distinguished guests at the opening ceremony on 19 June, 2008.
KPMG is a global network of professional services firms providing audit, tax and advisory services, with an industry focus. KPMG operates in 145 countries and has more than 123,000 professionals working in member firms around the world. The aim of KPMG member firms is to turn knowledge into value for the benefit of their clients, people and the capital markets.
"KPMG is truly committed to the China market as evidenced by the immense resources we have put in to develop our service network. Nanjing will be our 12th office in China following the office opening in Fuzhou and Shenyang last year," said John Harrison, Chairman, KPMG China. "Our physical presence will enable us to better serve our clients in Nanjing, an important economic and business centre in China. The new office will also contribute to our better service coverage in Eastern and Western China, where we already have presence in Shanghai, Hangzhou and Chengdu."
Carlson Tong, Chairman, KPMG China highlighted that building up the service network is only part of the firm's growing strategy in China. "We are also recruiting the best talent to support our unparalleled growth in this market. The number of our people has doubled over the past three years, making us one of the biggest professional services firms in China. Our plan is to grow our workforce to over 10,000 people by 2010," Mr. Tong said.
Nanjing is definitely a city of strategic importance to China, having served as the capital of China for six dynasties in history. According to the National Bureau of Statistics, Nanjing's GDP in 2007 reached RMB 327.5 billion.
"We wish to be part of the growth of Nanjing, which enjoys the geographical advantage of being in the Yangtze River Delta economic zone," explained Louie Choi, Senior Partner, Eastern and Western China region, KPMG China. "Many local companies have made their headquarters in the city, which is well known for its modern transportation network. We hope to assist local companies with their expansion plans, not just within China but in other overseas markets. Similarly, we will also provide support to foreign companies seeking to build their foothold in Nanjing," Mr. Choi noted.
Jeffrey Wong, Partner, Financial Advisory Services, KPMG in Nanjing, also hailed the great opportunities that Nanjing has to offer. "Nanjing is one of the major investment locations for foreign companies in China and there is an average of two new foreign firms established in the city every day," said Mr. Wong. "The municipal government has offered preferential policies for new enterprises and is committed to attracting high quality talent to work in Nanjing."
William Gong, Senior Partner, KPMG in Nanjing, acknowledged the importance of having the support of the local government. "Our successful office opening would not have been possible without the assistance from the Nanjing Municipal Government. In turn, KPMG will make every effort possible to contribute to the social and economic growth of the city."
"Nanjing is a city of growth with ample business opportunities. Together, KPMG and Nanjing will go from strength to strength. Our future plan is to further expand our service team to support our growth in the Jiangsu Province. To help nurture talent in the city, KPMG will recruit staff from local universities and will provide them with comprehensive training and development opportunities," Mr. Gong added.
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Notes to editors
KPMG Advisory (China) Limited, Nanjing Branch was issued a Nanjing business licence by the Nanjing Administration for Industry and Commerce on 11 March 2008.
KPMG Advisory (China) Limited's scope of business, in accordance with its business licence, is financial advisory, tax advisory, business advisory, investment advisory, corporate management advisory, international economic advisory and market research (operating under license subject to government approval).
KPMG Advisory (China) Limited, Nanjing Branch
46th Floor, Zhujiang No.1 Plaza
1 Zhujiang Road
Nanjing 210008, China
Tel : +86 (25) 8691 2888
Fax : +86 (25) 8691 2828
Senior Partner: William Gong
For more information, please visit our website: www.kpmg.com.cn
KPMG is a global network of professional services firms providing Audit, Tax and Advisory services. We operate in 145 countries and have more than 123,000 professionals working in member firms around the world.
The independent member firms of the KPMG network are affiliated with KPMG International, a Swiss cooperative. KPMG International provides no client services.
About KPMG China
KPMG China has 12 offices (including KPMG Advisory (China) Limited) in Beijing, Shenyang, Qingdao, Shanghai, Nanjing, Chengdu, Hangzhou, Guangzhou, Fuzhou, Shenzhen, Hong Kong SAR and Macau SAR, with more than 7,000 professionals.
In 1992, KPMG became the first international accounting firm to be granted a joint venture licence in China, and our Hong Kong SAR operations have been established for over 60 years since 1945. This early commitment to the China market, together with our unwavering focus on quality, has been the foundation for accumulated industry experience , and is reflected in our appointment by some of the China's most prestigious companies.
As China businesses join the global economy and international companies seek to enter the China market, KPMG's blend of international experience and local knowledge makes us well-positioned to serve our clients in this increasingly complex, but exciting market.
Our single management structure for all our China offices allows efficient and rapid allocation of experienced professionals wherever the client is located in China. The flexibility of this single structure allows us to effectively serve companies across China - and we have many projects where professionals from different offices work together on an work engagement under the supervision of a single nominated client partner, who has operational control of all resources.
Our business in China has established industry groups, enabling targeted, industry-specific experience and solutions to be delivered where needed. For our clients, this focus on industry and country specific knowledge means we can deliver exceptional people with an intimate knowledge of your specific business issues, as well as an overriding commitment to strive for the highest quality services.
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