KPMG enjoys dramatic growth in China
KPMG is enjoying stellar growth in China, tripling staff and working with more than 75 Chinese companies planning to go public
KPMG plans to increase its operations in China to about 9,000 staff over the
next two years, following dramatic growth over the last few years, in it more
than tripled staff, to 7,000 employees in 11 locations.
Timothy Flynn, KPMG chairman, told the China
Chamber of Commerce KPMG had hired 650 Chinese nationals to work at the firm
in the US, WebCPA reports.
It has a dedicated US China practice with teams assigned to its tax, audit
and advisory businesses. Flynn also noted
KPMG was working with
more than 75 Chinese companies which are in the process of going public.
He said the KPMG executive team just returned from China where they learned
that to successfully partner with US businesses, Chinese firms and local Chinese
governments needed effective partners with deep industry knowledge to provide
in-depth understanding of the local markets and the ability to help navigate
legal and legislative matters.
Further reading:
Profits soar at Chinese jobs portal