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PWC Opens New Branch in Hangzhou

BritCham / CBBC
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Leading professional services firm, PwC China, recently celebrated the opening of its Hangzhou branch, the company’s 16th branch in China.  

Mr. Yijun Lv, Zhejiang Securities Regulatory Bureau Chief and other officials from Hangzhou and related municipal and provincial government departments attended the opening ceremony, and cut the ribbon with Frank Lyn, PwC China Markets Leader and Steve Pan, PwC Hangzhou Office Lead Partner.

Mr. Lyn said, "Against the backdrop of a difficult global economic climate, PwC China has opened its Hangzhou office, its 16th branch in China.  As part of PwC China's continued expansion, this opening is an indication of the firm's commitment to China."

PwC Hangzhou Office Lead Partner Steve Pan said, "Hangzhou's economy has been particularly active in recent years, making it a financial centre in the south of the Yangtze River Delta.  We look forward to establishing a long-term cooperative relationship with the Hangzhou municipal government as well as local and foreign enterprises in the area.  We aim to provide world-class professional services and strong support to the city of Hangzhou."

As a national base for the modern service industry, Hangzhou provides high-quality professional services and support to financial institutions in the city.  PwC China's branch in Hangzhou will fully promote resource integration and work together with the professional services industry to support the local economy.

About PWC
PwC is the world's leading professional services firm, offering professional assurance, tax and advisory services.  PwC's clients include more than 400 of the Fortune 500 companies.  PwC's total global revenue in the fiscal year of 2011 was USD 29.2 billion.

PwC China plans to open another four branches in China by 2016, extending the company's footprint to 20 major Chinese cities.  PwC China will also attract a wide range of professionals to join the company.  It is expected to recruit 15,000 people in China over the next five years.

"As the largest country in the emerging markets, China will play an important role in rebuilding global economic order, strengthening regional economic connectivity and promoting sustainable development.  PwC China is confident about China's status in the future global economy and is committed to devote more attention and resources to the country," added Mr. Lyn.

Read the full press release here

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