Grant Thornton China implements full integration & actively recruits for expansion

18 January 2011

Hong Kong - Grant Thornton Jingdu Tianhua (“the firm”), set up last November by Grant Thornton China which itself has a history of three decades, has been appointed as a new member firm in Hong Kong by Grant Thornton International, one of the world's leading organisations of  independently owned and managed accounting and consulting firms. As it becomes fully operative, the firm is committed to a comprehensive integration strategy which provides clients with high quality professional audit, tax and advisory services in mainland China and Hong Kong markets.

The full integration of Grant Thornton Jingdu Tianhua and Grant Thornton China will result in a network of 10 offices comprising 70 partners and over 1,500 professionals. It is believed that the adoption of such a “one firm, one China” approach will be in the best interests of Grant Thornton China’s clients and the business community. In the middle of December 2010, Grant Thornton China was named one of 12 major accounting firms in mainland China accredited to provide auditing services to H-share corporations listed in Hong Kong.

Driven by China’s national polices, demand for premium professional assurance and taxation services has been growing. In response to this, Grant Thornton China is strengthening its professional team, with an anticipated growth in headcount to 4,000 over the next five years.

Daniel Lin, managing partner of Grant Thornton Jingdu Tianhua, says, “The ‘one firm, one China’ approach is in line with policy trends and market needs in mainland China and Hong Kong. We will work closely with Grant Thornton China and will make full use of our deep local expertise and extensive experience in IPOs and provision of professional services to provide our clients with integrated assurance and advisory services, which are comprehensive and efficient.”

In addition to engaging itself in the core business of auditing, Grant Thornton Jingdu Tianhua is growing its non-audit practice, with a strong focus on international taxation and transfer pricing services, as well as transaction advisory and business risks services. Further growth through mergers and acquisitions is also under active consideration.

Xu Hua, chief executive officer of Grant Thornton China, points out, “The new H-Share licence is recognition of our commitment to excellent audit quality and our global audit methodology, system and client service standards. We are excited about our integration strategy and expansion plans, and look forward to continuing to provide our clients with unique personalised services and create more business advantages and benefits for them.”