KPMG enjoys dramatic growth in China

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

Read
the story in WebCPA

Related Articles

CogitalGroup announces acquisition of Wilkins Kennedy

Accounting Firms CogitalGroup announces acquisition of Wilkins Kennedy

2w Emma Smith, Managing Editor
Blick Rothenberg acquires Westleton Drake

Accounting Firms Blick Rothenberg acquires Westleton Drake

3w Emma Smith, Managing Editor
IR35 in 2018: what do accountants need to know?

Accounting Firms IR35 in 2018: what do accountants need to know?

3w SJD Accountancy | Sponsored
Top 50+50 UK Accountancy Firms 2018 – entries now open!

Accounting Firms Top 50+50 UK Accountancy Firms 2018 – entries now open!

3w Emma Smith, Managing Editor
It’s not just the potential of women at stake, it’s the potential of accountancy

Accounting Firms It’s not just the potential of women at stake, it’s the potential of accountancy

1m Jean Stephens, RSM International
PwC to net £50m from Carillion insolvency

Accounting Firms PwC to net £50m from Carillion insolvency

1m Alia Shoaib, Reporter
Mercer & Hole makes two new appointments

Accounting Firms Mercer & Hole makes two new appointments

2m Emma Smith, Managing Editor
Sexual harassment – is accountancy next for #MeToo?

Accounting Firms Sexual harassment – is accountancy next for #MeToo?

2m Karen Baxter, Lewis Silkin