Deloitte China establishes foothold in Changsha
Published: 31 May 2016
Deloitte China announced today the opening of the Changsha office, which represents an important step of our expansion into Hunan Province and is part of our strategy to seize new opportunities from emerging cities in China.
Deloitte China CEO Lawrence Chia said “This is the second office we have opened in China so far this year. A continuous service network expansion is pivotal in driving towards our medium term objective of becoming a pre-eminent firm in this marketplace. Globally, Deloitte has the aspiration to be an undisputed leader in professional services. Achieving that goal requires that we are consistently preferred by clients. From that perspective, we need to continue building a strong service network and establish our presence wherever our clients need us.”
Speaking at the opening ceremony, Deloitte China Chairman Clement Hung said “We are approaching our centennial in China next year and we are among the fastest growing member firm within the Deloitte global network. In China, our priority is always about supporting our clients to transform and thrive through our comprehensive services, global experience and local knowledge. We are committed to helping Chinese companies to realise their vision, including the long-term objective of tapping into the international market.”
Commenting on how the new office will facilitate the firm’s business in Southern Mainland, Deloitte China Southern Region Managing Partner Derek Lai said “A major transportation hub in Southern China, Changsha is also the capital city of Hunan Province, which is an important centre for equipment, machinery and electronics production, especially as manufacturing companies have started to relocate some of their operations away from coastal provinces such as Guangdong. There are many notable companies in Changsha with viable business models, offering unparalleled opportunities for our Southern China practice.”
More than a transportation hub, Changsha also has the strategic significance in fuelling economic growth of Hunan Province “There is a solid foundation for the construction machinery industry in Changsha, along with many other fast growing industries including biomedical, modern logistics, service outsourcing and financial services. By establishing our presence in Changsha, we will be more able to support these companies in their local, nation-wide or even regional expansion,” said Gerry Yuan, Managing Partner of Deloitte Hunan Business and Marketing Development.
To celebrate the office opening, Deloitte hosted a special forum to discuss and identify the new growth drivers for companies in Hunan Province, including the state-owned enterprise reform in China and the local government’s vision to boost the manufacturing industry transformation through “smart manufacturing”. The forum also covered how financial reform in China can facilitate the “smartization” of the manufacturing industry, which plays a pivotal role in driving the country’s economic growth.
“At Deloitte, our service commitment is to make an impact that matters for our clients. With that in mind, we will continue to organize business forums and put forward other initiatives to share our insights with business executives in Changsha, leveraging resources from our global network and long history of experience in serving a wide range of companies across China,” Yuan added.