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Monday, 22 January 2018, 18:00 HKT/SGT

Source: Deloitte
Deloitte China to open a new office in Xi'an, bolstering its western region practice

HONG KONG, Jan 22, 2018 - (Media OutReach) - Deloitte is pleased to announce the opening of its Xi'an office in Shanxi province, with the vision of helping domestic and foreign companies take full advantage of the Belt & Road Initaitve and capture growing opportunities in Western China as the country's new economic engine. This will be the 3rd office for Deloitte's Western region practice and the 22nd office in its business network in China.

The Deloitte brand entered into China in 1917, marking the firm's longstanding presence in the country. Deloitte possesses a wealth of professional experience, high-quality service capabilities and a vast network of resources. As a leading global professional services organization, it has 22 offices in China and over 13,000 people, providing audit & assurance, consulting, financial advisory, risk advisory and tax & legal services for Chinese enterprises, MNCs as well as fast-growing corporate clients based in China. Deloitte is widely embraced and trusted by clients across the world.

Terence Cheung, Deloitte China Western Region Managing Partner, stated, "Xi'an is the cradle of the Chinese civilization, as well as a priority city in China. Under President Xi Jinping's Belt and Road Initiative, Xi'an has been endowed with new historical value as the starting point of the Silk Road, driving infrastructural development in the Silk Road economic belt and once again becoming an economic, cultural and commercial hub in the region. By setting up an office in Xi'an, Deloitte is making a crucial step on its path to expanding its professional services network in the China market. This also signifies a pioneering move in our firm's plan to develop in high potential regions."

"As we can see, Xi'an enterprises are actively hoping to achieve sustainable development in local and regional markets by seizing the opportunities along the Silk Road Economic Belt. We have chosen to set up a new office in Xi'an at this auspicious time to align ourselves with the demands of local government and enterprises, with the ultimate aim of helping them realize strategic goals, and to assist with Xi'an's long-term growth and development," Cheung added.

"In alignment with the national Belt and Road Initiative, we are excited about the abundance of business prospects that our new Xi'an office is expected to bring. As more enterprises along the Belt and Road Initiative route seek to expand into the Western China market, Xi'an's strong talent, technology and culture base and strategic geographical position will provide a convenient nexus for these companies to set up a regional base in China. Deloitte, with our comprehensive range of services in audit & assurance, financial advisory, risk advisory, consulting, as well as tax and legal, and our comprehensive global network is poised to be a supportive pillar for domestic and international clients ready to go global and to tap into the Chinese market, who will no doubt require extensive assistance on professional services," said Patrick Tsang, Deloitte China CEO. "Guided by national policy, we seek to help our clients innovate and transform with the expertise and support of our professionals."

About Deloitte Global

Deloitte refers to one or more of Deloitte Touche Tohmatsu Limited, a UK private company limited by guarantee ("DTTL"), its network of member firms, and their related entities. DTTL and each of its member firms are legally separate and independent entities. DTTL (also referred to as "Deloitte Global") does not provide services to clients. Please see www.deloitte.com/about to learn more about our global network of member firms.

Deloitte provides audit & assurance, consulting, financial advisory, risk advisory, tax and related services to public and private clients spanning multiple industries. Deloitte serves four out of five Fortune Global 500(R) companies through a globally connected network of member firms in more than 150 countries and territories bringing world-class capabilities, insights, and high-quality service to address clients' most complex business challenges. To learn more about how Deloitte's approximately 245,000 professionals make an impact that matters, please connect with us on Facebook, LinkedIn, or Twitter.

About Deloitte China

The Deloitte brand first came to China in 1917 when a Deloitte office was opened in Shanghai. Now the Deloitte China network of firms, backed by the global Deloitte network, deliver a full range of audit & assurance, consulting, financial advisory, risk advisory and tax services to local, multinational and growth enterprise clients in China. We have considerable experience in China and have been a significant contributor to the development of China's accounting standards, taxation system and local professional accountants. To learn more about how Deloitte makes an impact that matters in the China marketplace, please connect with our Deloitte China social media platforms via www2.deloitte.com/cn/en/social-media.

This communication contains general information only, and none of Deloitte Touche Tohmatsu Limited, its member firms, or their related entities (collectively the "Deloitte Network") is by means of this communication, rendering professional advice or services. Before making any decision or taking any action that may affect your finances or your business, you should consult a qualified professional adviser. No entity in the Deloitte Network shall be responsible for any loss whatsoever sustained by any person who relies on this communication.

(c) 2018. For information, contact Deloitte China.

Wilfred Lee
Title: Director
Tel: +852 2852 1243
Fax: +852 2541 3726
Email: wilflee@deloitte.com.hk

Wayne Lui
Title: Assistant Manager
Tel: +852 2238 7046
Fax: +852 2541 3726
Email: wlui@deloitte.com.hk

Topic: Press release summary
Source: Deloitte

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