CBI member KPMG announced that China’s Ministry of Finance had approved the opening of three offices by KPMG Huazhen (Special General Partnership) in Chengdu, Xiamen, and Qingdao. Localisation has been one of the basic strategies of KPMG China’s operations. Please read more here.
CBI member PwC announced the opening of its Wuhan office, which will offer a total range of professional services to clients, not only financial reporting audit, internal controls audit, IPO audit, and other assurance services, but also tax consulting, risk management, M&A, and strategy consulting services. PwC has the clear goal of tapping Wuhan as a hub to accelerate the expansion of its business operations in central China. Please read more here.