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November 1, 2010

Grant Thornton sets up Hong Kong firm

Grant Thornton International has confirmed it is building a new member firm in Hong Kong to be set up by Grant Thornton China.

The firm will begin trading as Jingdu Tianhua Hong Kong but will eventually adopt Grant Thornton branding.

The new firm will be led by Daniel Lin and plans to have more than 100 staff within 12 months.

The firm’s initial focus will be on the delivery of assurance and taxation services with SEC and IFRS capabilities. There are also short-term plans to develop international tax and transfer pricing services, transaction advisory and business risk services.

Growth through merger and acquisition is being considered and the firm is in the process of registering with the PCAOB.

The International Accounting Bulletin revealed last month that Grant Thornton International was planning to set up a fully integrated firm in partnership with its Chinese member, which has 65 partners and over 1,500 professionals in 10 Mainland China offices.

This strategy has led to Grant Thornton’s current Hong Kong member firm to enter into merger discussions with rival BDO – a deal which awaits the approval of local authorities.


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