Ernst & Young to enhance Yangtze River Delta presence with a new office in Nanjing
Nanjing, 16 February 2012 – Ernst & Young, China today announces setting up a new office in Nanjing during a signing ceremony with the government of Jianye District, Nanjing. Strategically located at Sunny World at the heart of the CBD, Nanjing’s financial center, the Nanjing office marks the establishment of Ernst & Young’s 15th office in China (including HK and Macau), which brings the total number of employees in Greater China to over 10,000.
Present at the signing ceremony are Feng Yajun, Secretary of the CPC Committee of Jianye District, Nanjing and Deputy Director of the Development and Construction Headquarters of Hexi New Town, Nanjing; Xia Xiaoyan, Member of the Standing Committee of the CPC District Committee of Jianye District and Finance Secretary; and senior officials of key government agencies. Representatives from Ernst & Young are Philip Leung, Managing Partner, China Central Region, and Derick Yap, Managing Partner, Ernst & Young’s Suzhou office.
Nanjing City is known as China’s gateway linking north and south, east and west, and is famous for its 2,400 years of history. Recognized as one of the Four Great Ancient Capitals of China, Nanjing is a major industrial center and a hub of transportation and communication in East China. Nanjing’s key city-planning projects for the next three years include developing the CBD, Jianye District, turning it into a modern cosmopolitan metropolis.
The new office is scheduled to open within the first half of this year. Philip Leung says, “As Nanjing accelerates its pace of development into an international city, the CBD has managed to attract many renowned multinational and domestic enterprises to the area. We are committed to working with the municipal government and making our contributions to the development of Nanjing CBD. We look forward to collaborating with domestic and international companies alike.” Mr. Leung maintains, “Our decision to open a new office here not only demonstrates our optimism about the potential of Nanjing, but also our confidence in the future of the Yangtze River Delta region as well as the whole of China.”
Nanjing, a vibrant city with a booming economy, is the growth engine for driving economic developments of Jiangsu province. As a regional hub, Nanjing boasts significant regional advantages and leads surrounding regions in technological advances and infrastructure. Mr. Leung says, “As one of the largest global professional services organizations, Ernst & Young attaches great importance to our businesses in Jiangsu. Establishing a strong base in Nanjing enables us to strengthen our client-servicing capabilities, to both public and private enterprises, and not only within Jiangsu but also in neighboring provinces. We regard setting up in Nanjing as a strategic approach to enhancing our businesses in the Yangtze River Delta. We expect to build a regional headquarters in Nanjing, so as to better assist the provincial and municipal government agencies and enterprises by providing solutions to financial management, IPOs, overseas investments, outbound M&A transactions etc. As the most globally integrated professional services organization, our global and regional resources better facilitate us to deliver high quality audit, tax, transaction and advisory services, and customized IPO solutions for an increasing client-base.” Mr. Leung adds, “Having gained rich professional experience as financial advisor to the 2010 Shanghai World Expo, we look forward to the opportunity of supporting the government of Nanjing in its endeavors to host the 2014 Youth Olympic Games, which is one of our many ways to contribute to Nanjing’s efforts of developing into a modern city with a flourishing services industry.”
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This news release has been issued by Ernst & Young, China, a part of the Ernst & Young global network.