Breaking down the Asian frontier
PricewaterhouseCoopers Zhong Tian CPAs Limited Company has successfully converted to a Special General Partnership (SGP), as approved by The Ministry of Finance (MoF) of the People’s Republic of China.
The firm has been active in China for the past 20 years, investing heavily in developing local talent and promoting local partners. Prior to its acceptance as an SGP, the company far exceeded the minimum partnership projects required for consideration by the MoF, showing its interest in nurturing long and mutually beneficial business relationships.
Silas Yang, PwC Asia Pacific Chairman and Senior Partner of PricewaterhouseCoopers Zhong Tian LLP commented, “While our existing joint venture license does not expire until early 2018, we are determined to accelerate the process to show our full support for the MoF's Special General Partnership initiative. It also reaffirms our commitment and confidence in China.”
Dennis Nally, PwC International Chairman added, “The legal structure of China’s LLP arrangement conforms to international practice. I have full confidence that our China firm will continue to play an important role in our global network, and provides key insights into the development of international financial regulations and market order from the China perspective.”
Paul Arkwright
Publisher
