Kreston International has added Chinese firm Shenzhen Yida CPAs to its network.

The newly added firm counts 11 partners, as well as 100 members of staff, and offers a range of audit, accounting, tax and consulting services to both domestic and international clients in Shenzen.

Kreston chief executive officer Jon Lisby said: "Shenzhen is increasing in importance as one of the world’s fastest growing cities and one of China’s most successful economic zones in terms of manufacturing and service sectors with considerable foreign investment."

He also added the latest is the first step of Kreston’s plans to expand in China this year, and said: "We will be announcing further additions in China in the near future."

Kreston is currently the 6th ranked network in the country by fee income, according to IAB’s 2014 China survey.

A year ago, the network grew in China through the addition of Wuxi-based firm Jiangsu Gongqin CPA to its network.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

Speaking to IAB in March, Lisby said he saw the growing demand for internal control and internal control design and the increasing focus on tax enforcement as likely to benefit firms in the country.

He added that "more regulation will be coming out in the next 12 months as China is moving to a more regulated and directed profession."

Related articles:

Kreston International adds Chinese member firm

China survey: Walls coming down in vibrant China