Deloitte Touche Tohmatsu Certified Public Accountants LLP is established in Xiamen
Economic optimism driven by cross-Strait integration
Published: 7 April 2016
Deloitte Touche Tohmatsu Certified Public Accountants LLP, Xiamen Branch (Deloitte Xiamen Branch) has been officially set up following the approval from the Fujian Provincial Department of Finance. Deloitte’s first presence in Xiamen dates back to 2009 and the continuous expansion of the Xiamen office ever since calls for the establishment of Deloitte Xiamen Branch, which also represents the firm’s investment in Xiamen as part of the strategy to strengthen capability in professional services in southeastern coastal region of China.
The ribbon cutting ceremony was officiated by Deloitte China Chairman – Clement Hung, Deloitte China CEO – Lawrence Chia, Deloitte Taiwan CEO – Denny Kuo, Xiamen Municipal People’s Congress Standing Committee Party Secretary – Du Mingcong, Vice Chairmen of Xiamen Committee of the Chinese People’s Political Consultative Conference – Chen Changsheng and Gao Yushun, Deloitte Taiwan Audit Partner – Benjamin Shi, Deloitte China Southern Region Managing Partner – Derek Lai, and Deloitte Xiamen Office Managing Partner Nestor Wang.
To celebrate this important occasion, the Deloitte Summit was hosted today in Xiamen to study and analyze some topical issues including China’s economic trends, corporate innovation management and the One Belt, One Road initiative. Deloitte Chief Economist – Xu Sitao, Dean of Deloitte Growth Academy – Jennifer Xu and Deloitte China Northern Region Managing Partner – Norman Sze were the keynote speakers of the Deloitte Summit. At the toasting ceremony of the celebration dinner, Deloitte China Chairman Clement Hung expressed his confidence about cross-Strait economic development. “Being a pervasive trend, cross-Strait integration creates social benefits and aligns with the economic needs of the region. Under this framework, Deloitte is positive about the growth prospect of companies in the cross-Strait region. Today, companies require more diversified and sophisticated professional services to address challenges in the ever changing business environment. Deloitte will leverage its professional services network in Xiamen, Southern Mainland and other parts of China to support businesses and contribute to economic integration in the cross-Strait region," he said.
“Over the past few years, Deloitte has continued to invest heavily in strengthening our service network in China. The establishment of Deloitte Xiamen Branch is a significant milestone of our development in Xiamen. It also reflects our commitment to the China marketplace where we have the aspiration to become a pre-eminent firm as part of our China 2020 strategy,” said Mr. Lawrence Chia, CEO, Deloitte China.
Mr. Derek Lai, Southern Region Managing Partner, Deloitte China said “Xiamen has been one of the pivotal coastal cities in China ever since it was selected as one of the earliest special economic zones in early 1980s. Because of its geographical location, Xiamen has played a strategic role in helping to facilitate cross-Strait economic activities and it is also poised to offer support to China’s 21st Century Maritime Silk Road project. For Deloitte, the Xiamen Office is an integral part of our practice in Southern China, supporting us in capturing the exciting business opportunities brought by cross-Strait economic integration, as well as vibrant growth in Yangtze River Delta and Pearl River Delta.”
Commenting on the firm’s development plan in the city, Deloitte Xiamen Office Managing Partner Nestor Wang said “Xiamen has the advantage of being one of China’s first four special economic zones. In 2015, the Xiamen Area of China (Fujian) Pilot Free Trade Zone (FTZ) officially began operations. As an integrated part of the free-trade zone, Xiamen will continue to be a testing ground for economic reform and it will be a pioneer to attract foreign investment and business activities, serving as the springboard for Chinese companies to go global. Deloitte will draw on resources and experience from its service network globally and within China to support foreign companies seeking to build their presence in Fujian, and also assist local companies in Xiamen to build their core strengths in preparation for their globalization journey.”