EY Greater China region opens the 29th office in Kunming
Helps Yunnan to become a gateway to Southeast and South Asia
Kunming, 7 January 2020
The Yunnan Branch of Ernst & Young Hua Ming LLP, the Yunnan Branch of Ernst & Young (China) Advisory Limited, the Yunnan Branch of Ernst & Young (Shanghai) Tax Accountants Co., Ltd., the Yunnan Branch of Ernst & Young Zhongheng Engineering Cost Consulting Co., Ltd., and the Yunnan Branch of Shanghai Zhixin Assets Evaluation Co., Ltd. officially opened in Kunming today. As the 29th office of EY Greater China region, these five business units in Kunming will provide a full range of professional services including assurance, tax, transaction and advisory to institutions and enterprises in Yunnan, assisting a new round of upgrading. The office also supports the development of the province into a gateway to Southeast and South Asia.
Leaders from the Yunnan provincial government attended the opening ceremony with Albert Ng, China Chairman of EY; Jack Chan, Regional Managing Partner of EY Greater China and member of The Global Executive; Fion Xu, Yunnan Branch Leader at EY; and Tammy Zhang, Yunnan Assurance Partner at EY.1
Albert Ng, China Chairman of EY, said: “Yunnan has been taking the lead in the nation’s development. Remarkable progress has been achieved in key sectors including biomedicine and biotech, information, new materials and advanced equipment manufacturing. The transformation of the province into a future-oriented and modern economic system has been accelerated. In addition, the establishment of the Yunnan Free Trade Pilot Zone and the advancement of the Belt and Road Initiative are bringing new opportunities to Yunnan.”
“EY has always played an active role in supporting and participating in the development of Yunnan. We have built mutual trust with the communities and have deep understanding of Yunnan’s economic structure, competitive advantages, and development priorities. The opening of our Yunnan office came as a natural move and EY will upgrade our service offerings in the province to support its high-quality development,” Ng added.
As one of the largest and leading professional service organizations in China, EY has in-depth cooperation and has been actively providing one-stop professional services to many well-known enterprises in Yunnan in the areas of assurance, tax, advisory and internal control, with a focus on the high-quality economic and social development of Yunnan. Clients range from pharmaceutical, financial services, tobacco, energy and infrastructure industries, etc.
Jack Chan, EY Greater China Regional Managing Partner and member of The Global Executive, said: “EY has extensive experience and successful cases in regional economic planning, free trade zone construction, state-owned enterprise reform, corporate listing, corporate ‘going global’, as well as corporate transformation and upgrading, which overlap with quite a number of Yunnan’s current and future development priorities. Leveraging the EY global network as well as local experience and talent in Greater China, we hope to contribute to the opening up of Yunnan and assist the Yunnan Free Trade Zone to become a new highland for opening up.”
“Riding on our capabilities in industrial development planning, digital technology, green finance, and engineering projects, EY will support the high-quality development of key industries in Yunnan and the infrastructure construction of ‘Digital Yunnan’ and ‘Five Networks’2 . We will also focus on the state-owned asset and state-owned enterprise reform as well as enterprise digital transformation to help Yunnan enterprises extend their industrial chain and improve their value chain,” Chan added.
EY Greater China has achieved strong growth for several consecutive years and currently has more than 20,000 employees in 29 office locations in the region. With innovative technologies such as robotic process automation, artificial intelligence, blockchain, data analytics, and cybersecurity, EY brings new digital business solutions to clients to enable their digital transformation. The establishment of the Yunnan branch is an important milestone for EY to expand its business network and upgrade its service level in Greater China.
Fion Xu, Yunnan Branch Leader at EY, said: “EY is dedicated to achieving its goals and delivering its commitments. The Yunnan team fully demonstrates professionalism and our strength in localization. The five business units in Yunnan will utilize the EY global resources and the service network in Greater China to provide one-stop, comprehensive and forward-looking services in Yunnan.”
Following the opening ceremony, EY organized the seminar – “EY supports Yunnan in driving high-quality development”. Attended by hundreds of guests including Yunnan’s government officials and local business executives, insightful discussions were conducted on topics such as “how will the Yunnan Free Trade Zone promote regional economic development”, “the trend and strategies of state-owned enterprise reform”, as well as “investment in countries along the Belt and Road”.
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This press release is issued by the EY China practice, a part of the Ernst & Young global network.
(From left) Pengcheng Wang, EY Greater China Assurance Leader; Erica Su, EY Greater China Transaction Advisory Services Leader; Fion Xu, Yunnan Branch Leader at EY; Albert Ng, China Chairman of EY; Jack Chan, Regional Managing Partner of EY Greater China and member of The Global Executive; Tammy Zhang, Yunnan Assurance Partner at EY; Jennifer Xie, EY Greater China Strategy and Development Leader; Henry Chan, EY Greater China Tax Leader