PwC China Announces the Opening of Zhengzhou Office

Zhengzhou, 19 May 2017- PwC China officially announced the opening of Zhengzhou office today, marking the establishment of the 22nd PwC office in mainland China, Hong Kong and Macao. The establishment of PwC Zhengzhou office is a further testament of the firm’s dedication to its Purpose of “building trust in society and solving important problems” and commitment to delivering professional services of the highest value.

Deputy Commissioner of Henan Ministry of Finance Pang Xuemeng and the provincial, municipal, district government officials and officials from Henan University of Finance and Economics, Henan University of Economics and Law and the Business School of Zhengzhou University, PwC China and Hong Kong Markets Leader Frank Lyn, PwC China Zhengzhou Lead Partner Bur K Chan and client representatives attended the opening ceremony at Zhengzhou Kineer Centre today.

Henan province is both the centre and a node along the Silk Road economic belt, the golden junction of the latest national "Two-horizontal Three-vertical” urbanisation axes, and one of the seven newly established free trade zones in China. Henan is China’s fifth largest economic province and has enjoyed stable economic growth. As the capital city and political, economic and cultural centre of Henan province, Zhengzhou is one of China’s central cities, as well as an important strategic transportation hub, connecting Longhai/Beijing-Guangzhou railway and the future M type high-speed railway lines and Zhengzhou Airport Economy Zone. The establishment of PwC Zhengzhou office will accelerate Zhengzhou and Henan province’s integration into the global economy, improve the corporate governance of local enterprises, speed up their strategic transformation, and enhance their competitiveness.

“As Zhengzhou is designated by the central government as an important ‘Belt and Road’ node city, the establishment of PwC Zhengzhou office has particular significance in our China market strategy,” said PwC China and Hong Kong Markets Leader Frank Lyn. “The establishment of PwC Zhengzhou office gives us closer proximity to the local market and its needs. We hope to be an active participant in the ‘Belt and Road’ initiative and strongly boost the development of Zhengzhou and Henan province with our global resources and capabilities.”

PwC is a world leading professional services network of firms, offering assurance, tax and advisory services. PwC's clients include over 400 out of the Fortune 500 companies. In the 2016 fiscal year, PwC's total global revenue reached USD 35.9 billion.

PwC China Zhengzhou Lead Partner Bur K Chan states, “Zhengzhou is currently building a modern transportation hub specifically to meet the needs of the ‘Belt and Road’ initiative, creating an international economic zone in mainland China and speeding up its transformation into a global metropolis. PwC Zhengzhou office will assist Zhengzhou and Henan enterprises with attracting investment and bringing in advanced global concepts to stimulate local enterprises' innovative vitality, offering one-stop services to Zhengzhou and Henan clients.”

PwC’s Zhengzhou office will be offering a complete range of professional services, not only financial reporting audit, internal controls audit, IPO audit and other assurance services, but also tax consulting, enterprise's internal control construction and efficiency improvement, risk management, M&A and strategy consulting services. We will also pay close attention to the development and demands of emerging sectors and industry upgrades.

“PwC Zhengzhou office will promote the reform of state-owned enterprises, improve corporations' internal management, and assist with the listings, mergers and acquisitions of China's enterprises so they are competitive on the international platform,” said PwC China Zhengzhou Business Lead Partner Rock Liu. “By providing mature professional training and plenty of opportunities for learning and practice, we hope to train more specialised international talents in Zhengzhou and Henan province."

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