China

Details

  • Type: KPMG information, Press release
  • Date: 10/10/2008

KPMG named as Guangzhou 2010 Asian Games Accounting Advisory Services Exclusive Supplier 

Guangzhou, 10 October 2008

 

The 16th Asian Games Organizing Committee signed a sponsorship agreement yesterday with KPMG Huazhen, which will become the exclusive supplier of accounting advisory services for the 2010 Asian Games in Guangzhou. KPMG will provide the GAGOC with professional audit, tax, and financial and risk advisory services.

Mr. Liu Jiangnan, Deputy Secretary General, Guangzhou Asian Games Organizing Committee (GAGOC) and Mr. Carlson Tong, Chairman, KPMG China delivered speeches at the ceremony, while Mr. Gu Shiyang, Deputy Secretary General, GAGOC presented the sponsorship certificate. Mr. Fang Deer, Director of Marketing Department, GAGOC and Mr. Johnny Ng, Senior Partner, Southern region, KPMG China signed the sponsorship agreement on behalf of their respective organisations. Various GAGOC officials and representatives from KPMG also attended the signing ceremony.

In his speech, Mr. Liu Jiangnan congratulated KPMG on becoming the accounting advisory services exclusive supplier for the Guangzhou 2010 Asian Games. He acknowledged that KPMG is now on board to provide professional audit and finance related service support to the GAGOC, before adding that with KPMG's professional assistance, the GAGOC will be able to cost-effectively host the upcoming Asian Games.

He also urged domestic and foreign companies to take this opportunity to contribute to the success of the Guangzhou Asian Games by providing financial assistance, technology, and other service support.

Mr. Carlson Tong, Chairman, KPMG China, said, "The Asian Games is the largest sporting event in the region. Beijing hosted the Asian Games in 1990 and subsequently the Olympic Games in 2008. Guangzhou is the second city in China to organize this major sports event in Asia. Guangzhou is one of the modernised cities with a harmonious society and a strong economy. We have no doubt about the success of the upcoming Asian Games, which will combine the unique culture and heritage of the Guangdong Province, Guangzhou, and China."

KPMG places great emphasis on corporate social responsibility. The sponsorship agreement highlights not only the GAGOC's recognition of the high quality of KPMG's services, but also one of KPMG's core values - "Committed to our Communities". Our 8,500 people at KPMG China are extremely proud to be the accounting advisory services exclusive supplier for the 2010 Asian Games in Guangzhou.

"KPMG China will establish a team of experienced professionals to work closely with GAGOC over the next three years from the preparation stage until the end of the Asian Games. We will make use of our international experience and service network to contribute to the success of the Asian Games," noted Mr. Tong.

 

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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 8,500 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, helping enable targeted, industry-specific experience and methodologies to be delivered where needed. For our clients, this focus on industry and country specific knowledge helps us 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.

For media enquiries, please contact:

Nina Mehra

Senior Manager, Media Relations

KPMG China

 +852 2140 2824 (Direct)

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 nina.mehra@kpmg.com