Global accountancy network UHY extends its coverage within Asia by appointing Shanghai ZhongHua Certified Public Accountants (CPAs).
Shanghai ZhongHua CPAs was established in 1985 and is today one of the largest accounting firms in Shanghai and China. With 22 partners and a team of 300 staff, the firm is based in Shanghai providing the full range of audit, tax, management consultancy and corporate finance services focussing on the business needs of privately-held, management-controlled, listed and foreign investment organisations. Shanghai ZhongHua CPAs serves over 1,000 clients, representing quite a substantial market share in China covering a variety of sectors such as banking, non-banking financial institutions, real estate development, shipping, trading, hotel, high-tech industry and manufacturing.
Managing partner, Sun Yong, says: "We joined the UHY network for a number of reasons. Training plays an important role in the continuous professional development of our partners and staff, but technical excellence is not enough today. The quality of our services depends on the caliber of the partner and team assigned to each of our clients, so we select people who are not only professionally knowledgeable but also committed, with proven business abilities, whom can analyse, interpret and advise on international concerns."
The full-service firm, registered with the Public Accounting Oversight Board (PCAOB), has extensive experience in Initial Public Offering (IPO) services: it has acted as reporting accountants to more than 60 companies undertaking IPO – involving companies in textiles, software, pharmaceuticals, agriculture, real estate, design, chemicals, media and manufacturing. In addition to audit and tax services, Shanghai ZhongHua CPAs' services also include expert witness, forensic accounting and IT.
John Wolfgang, chairman of UHY commented: "We are delighted Shanghai ZhongHua CPAs have joined the UHY network extending our coverage and capabilities in Asia. The firm's admittance to the UHY network will add a great deal of regional market and sector expertise. We strongly believe the firm is a very good fit for our network but more importantly especially for clients that are opening operations in China, Shanghai ZhongHua CPAs have not only worked internationally but are used to dealing with inbound and outbound requirements."