THE ICAEW has opened a new office in Beijing, as part of a push to extend its reach in China and Hong Kong.
Douglas Lau, recently appointed regional director of the professional body in greater China, will head up the new office. ICAEW hopes to build on its existing regional presence; it currently has 200 members in mainland China and around 3,000 in Hong Kong.
Lau said the regulator will work alongside the Chinese Institute of Certified Public Accountants and the Hong Kong Institute of Certified Public Accountants, with which it has signed memorandums of understanding.
“Through increasing access to the ICAEW chartered accountant qualification and helping members stay on top of the latest technical developments, we hope to contribute to China’s continued economic development,” he concluded.