Baker Tilly China has expanded its services through a merger
with Vocation International CPA (VICPA) the 9th
largest accounting firm in China, according to the network.
The combined entity will now operate as Baker
VICPA, who was previously a member of UHY
International, has offices in 12 locations across China including
Beijing, Shenzhen, Shanghai and Hunan, and 1,200 professional staff
with annual turnover of CYN430m ($63m).
The firm’s client base includes companies
listed on the Shanghai, Shenzhen and Hong Kong stock exchanges,
state-owned enterprises and those in the private sector.
“The Chinese accountancy profession is in a
period of evolution, with the government encouraging consolidation
in the market to create a small number of large national firms,”
Baker Tilly International chief executive and president Geoff