KPMG Reveals Significant Growth In China

Thu, 15 Nov 2007

Global finance giant KPMG is enjoying rapid growth within its China-based operations, a new report has revealed.

The firm plans to increase its operations in China to around 9,000 staff by 2010 in response to the dramatic growth experienced over the last few years, which has seen employee numbers more than triple to 7,000 staff in 11 global locations.

KPMG chairman, Timothy Flynn, told the China Chamber of Commerce the firm had hired 650 Chinese nationals to work at its US-based offices, with teams assigned to its tax, audit and advisory businesses .

Flynn added that the company was working with more than 75 Chinese companies which are in the process of going public .

He said the KPMG executive team had 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.
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