• Register
Return to: Home > announcements > RSM growth strategy in China boosted by Huapu Tianjian merger move

RSM growth strategy in China boosted by Huapu Tianjian merger move

RSM network member firm Huapu Tianjian Certified Public Accountants (Huapu Tianjian) is finalising a merger in China. The new combined organization will rename to RSM China. With a combined workforce comprising 3,200 partners and employees across 15 offices, the new organisation will represent 40% growth on the current firm.

The new team brings not only a strong client base and expertise in the Chinese IPO, M&A and securities markets, but also in tax, consulting and risk advisory services.

The merger represents the second stage of a wider growth strategy for RSM in China, which began with Huapu Tianjian joining the RSM network in December 2018 and is designed to expand RSM’s footprint and service offering across mainland China. New offices will be opened in Xiamen, Wuxi, Fuzhou, Nanning and Nanjing and international client service hubs will be based in Beijing, Shanghai, Shenzhen and Guangzhou.

Jean Stephens, CEO of RSM International said: “China is a crucial market for our clients who are increasingly looking for coordinated cross-border expertise that spans the globe. When Huapu Tianjian joined the RSM network, we were excited by their ambition and their client service approach. This merger is the next step in an ongoing growth strategy which will see RSM China achieve top ten status and prominence as a key player in the Chinese market”.

Houfa Xiao, Managing Partner of Huapu Tianjian said: “Joining RSM has provided a platform for rapid growth. We have already climbed the rankings significantly and our short-term target is to join the top ten in China. With our new merger, as RSM China we will be even better placed to serve our national and international clients, and those of the wider RSM network looking to operate in the Chinese market.”

Top Content

    Brazil: regulation and technology form basis for recovery

    Opportunities in the capital markets and the ever-growing influence of technology are expected to have a significant impact on the Brazilian accounting profession over the next 12 months, writes Paul Golden.

    read more

    Mentoring support and the opportunity to delegate

    Jon Lisby will be known to many from his former role as CEO of Kreston International. Here, he explains the background to his new venture, Global Alliance Advisory Services (GAAS), and how he aims to offer support to alliance CEOs.

    read more

    Global by name, global by nature

    Stephen Heathcote became chief executive officer of PrimeGlobal on 1 June 2019. Robin Amlôt met him to discuss the various new challenges that he has taken on, and his ambitions for the association.

    read more

    ARGA team, assemble!

    The new top team has been named that will see in root-and-branch reform at the Financial Reporting Council (FRC) as it transforms into the Audit, Reporting and Governance Authority (ARGA). Will the new duo be as dynamic as some are hoping? Robin Amlôt reports.

    read more

    CORONAVIRUS TIMELINE: REACTIONS FROM THE ACCOUNTANCY PROFESSION

    As the Coronavirus (COVID-19) continues to spread across the world, the International Accounting Bulletin and The Accountant will be collating all the latest news and updates from the profession on the pandemic’s impact.

    read more
Privacy Policy

We have updated our privacy policy. In the latest update it explains what cookies are and how we use them on our site. To learn more about cookies and their benefits, please view our privacy policy. Please be aware that parts of this site will not function correctly if you disable cookies. By continuing to use this site, you consent to our use of cookies in accordance with our privacy policy unless you have disabled them.