A guide to EY services in Greater China
Table of content
Overview 2 Recent key developments in the EY Greater China Region 8 Global review 4 EY people 9 Milestones 6 Awards and accolades 10
EY focus topics
China Go Abroad 12 Guangdong- 13 Assurance 18 Tax 20 and the Belt and Hong Kong-Macao Road Initiative Greater Bay Area development
Strategy and 22 Consulting 24 Transactions Innovation and 14 State-owned 15 digitalization enterprise strategy reform
IPO services 16
Industry-focused services 17 Financial 26 EY contacts 28 Services
A guide to EY services in Greater China | 1 EY is committed to building a better working world – with increased trust and confidence in business, sustainable growth, the development of talent in all its forms, and greater collaboration. EY aspires to build a better working world through actions and by engaging with like-minded organizations and individuals. This is the EY purpose – and why EY exists as an organization.
To uphold efficiency and effectiveness, the member firms of the EY network are organized into 28 Regions and grouped into three geographic Areas: Americas | Asia-Pacific | Europe, Middle East, India and Africa (EMEIA) This streamlined structure allows decisions to be made quickly, and promotes the execution of EY strategy and the provision of exceptional client service wherever clients do business around the world.
“EY Greater China Region” refers to the member firms of Ernst & Young Global Limited which are organized in the Greater China Region. In this publication, we refer to ourselves as “EY Greater China Region”, “we”, “us” or “our”.
2 | A guide to EY services in Greater China Overview
EY is a global leader in assurance, tax, strategy, transaction Our mission: and consulting services. The insights and quality services we deliver help build trust and confidence in the capital markets To lead high quality and and in economies the world over. Ernst & Young Global sustainable growth with best- Limited, a UK company by guarantee, does not provide services to clients, nor does it own or control any member in-class talent, innovation, firm or act as the headquarters of any member firm. It entrepreneurship and coordinates the EY Global Network and the relationships corporate responsibility; between the network’s member firms. EY refers to the global organization, and may refer to one or more, of the member Committed to creating long- firms of Ernst & Young Global Limited, each of which is a term value to be the most separate legal entity. The member firms, in more than trusted professional services 150 countries and regions around the world, have no control or management relationship with one another. organization. EY member firms in the Greater China Region are owned and managed by local partners. The member firms EY Greater China Region in China expand their regional operations by nurturing and recognizing entrepreneurship, expanding business footprints in strategic locations, creating synergies through People 22,000+ collaboration, as well as driving innovation and digitalization. With a strong presence in China, EY is a key contributor to the country’s dynamic economic development, leveraging Partners 700+ the strength of the EY global organization to enable more Chinese companies to go global.
The EY Greater China Region supports its clients through 31 Years of operation 50+ office locations: Beijing, Shanghai, Hong Kong, Shenzhen, Guangzhou, Macau, Changsha, Chengdu, Chongqing, Dalian, Haikou, Hangzhou, Hefei, Jinan, Kunming, Nanjing, Office locations 31 Qingdao, Shenyang, Suzhou, Tianjin, Wuhan, Xiamen, Xi’an, Zhengzhou, Hsinchu, Kaohsiung, Taichung, Tainan, Taipei, Taoyuan and Ulaanbaatar.
We are committed to bringing together the right people at the right time, and in the right place to offer the seamless, high-quality service you need.
A guide to EY services in Greater China | 3 Creating long-term value Globally, EY measures its success using EY Long-Term Value Framework, which is built on four value dimensions: people value; client value; social value; and financial value. People
Brand strength
12 No.1 consecutive years EY has been employer among Big 4 in China named on Universum’s World’s Most by business students in the latest Attractive Employers list by business Universum survey students (2009-2020)
6 5 consecutive years on the Great consecutive years on Great Place to Place to Work’s World’s Best Work’s Best Workplaces in Greater Workplaces list (2015-2020) China list (2016-2020)
A commitment to diversity As a major global employer Partner/Principals/Executive Directors/Directors Global Greater China
74% 26% Global 99,300
Greater China 60% 40% Region 71,800 Men Women 63,500
45,800
Investing in skills for the future
Global Greater China 19,000
Learning hours delivered 10,400 5,200 3,200 1,200 2,400 16,000,000 400,000 Assurance Tax Strategy and Consulting Practice transactions support *As of financial year ended 30 June 2020
4 | A guide to EY services in Greater China Global review Client
Market share Forbes Global 2000 Percentage of Fortune Global 500 Percentage of Fortune Global 500 Percentage of companies in index served companies in index served Chinese companies in index served
16% 27% 27% 23% 27% 26%
46% 61% 47%
Audit clients Non-audit clients All other companies *As of financial year ended 30 June 2020 Note: Compiled according to number of companies Source: Forbes, Fortune Social
Our investment in communities
Signed memo with The United Nations 4 Development Programme in the field of consecutive years recognized by Asiamoney in sustainable development strategy and green finance (2017-2020) technology
EY Ripples program aims to positively impact EY’s “Green Finance Management System on Regulatory Development of Green Credit” the lives of 1 billion people by 2030 awarded by All-China Environment Federation (ACEF) Green Finance committee as a “Top Ten Green Finance Cases in 2019” Financial
FY20 Global revenue and growth
US$37.2b US$ US$ Total revenue 12.8b 10.5b Assurance Consulting
+4.1% FY20 v FY19
US$4.1b 10 US$ consecutive years of 9.8b Strategy and Transactions Tax strong growth
A guide to EY安永大中华区专业服务简介 services in Greater China | 5 1968 Arthur Young, a predecessor network to Ernst & Young, established the first Hong Kong member firm.
1981 Ernst & Young was one of the first professional services networks to set up operations in mainland China when the China representative member firm office was established in Beijing.
1986 The Taiwan practices became member firms of the Are you reframing Ernst & Young network. your future or is the 1992 Ernst & Young future reframing you? established a cooperative joint venture organization ey.com/china #BetterQuestions in Beijing called Ernst & Young Hua Ming. 1998 Ernst & Young Hua Ming opened a new branch in Shanghai.
6 | A guide to EY services in Greater China Milestones >> 2010 2013 2021 The Asia-Pacific Area brought From July, Ernst & Young is wavespace flagship center together five effective Regions known as EY, with a new logo opened in Beijing. Ernst & and became operational in and tagline matching the Young Hua Ming opened a July, creating a consistent and purpose: Building a better new branch in Hefei. streamlined execution model. working world. Ernst & Young Hua Ming was converted into Ernst & Young Hua Ming LLP. 2008 The Far East practices 2020 were brought together as a 2014 Ernst & Young Hua Ming geographic organization – Ernst & Young Hua Ming opened a new branch in Far East Area, including the opened new branches Jinan. Greater China operations. in Hangzhou, Nanjing, Qingdao and Tianjin. 2007 Ernst & Young Hua Ming established the first China 2015 2019 West office in Chengdu. Ernst & Young Hua Ming opened new branches in Ernst & Young Hua Ming Xi’an and Changsha. opened new branches in Chongqing and Kunming. 2006
Ernst & Young Hua Ming 2016 opened new branches in Ernst & Young Hua Ming Guangzhou, Shenzhen, opened new branches in Suzhou and Dalian. Xiamen and Zhengzhou. 2018 Two wavespace flagship centers opened in 2017 Shanghai and Hong 2005 Ernst & Young Hua Ming Kong. Ernst & Young Ernst & Young Hua Ming opened opened a new branch in Hua Ming opened a new a new branch in Wuhan. Shenyang. branch in Haikou.
A guide to EY services in Greater China | 7 RecentEY people key developments in the EY Greater China Region
Achieving a sustainable green society Expanding business footprints in strategic locations
Globally, EY has fulfilled its commitment for carbon neutrality in 2020 and is moving toward its ambition to Deeply involved in the Chinese market for over be carbon negative in 2021 as well as the plan to reduce 50 years, we are committed to promoting China’s total emissions by 40% to achieve net zero in 2025. Along the economic development through providing professional sustainable development journey, we actively participate in advice and services. In response to the development establishing the assessment standard for green development, strategy across China, we continued to expand and contributing to the top-level design of green finance and our presence in Haikou, Chongqing, Kunming environment, social and governance (ESG) development. and Jinan in recent years. We set up our We provide professional services to various enterprises new office in Hefei this year, which and financial institutions to accelerate the launch of becomes the 31st office location in innovative products with respect to sustainability. the EY Greater China Region. We will continue to assist our clients in achieving their carbon neutrality goals and contributing to sustainable development. Driving innovation and digitalization
Creating synergy through collaboration Innovation is at the core of what EY people do every day. Innovation is also about continuous learning and adapting. We encourage our people to learn digital skills and have been awarded around 5,000 EY Badges The future belongs to companies that weave to-date. Since 2018, EY wavespaceTM Shanghai collaboration into the fabric of how they create hosted over 340 activities and created a value. The EY Alliance and Ecosystem Relationships strong ecosystem with 5,000 start-ups. consist of renowned companies such as IBM, Microsoft and EY wavespaceTM Beijing has begun SAP. Globally, 7 new alliances and 23 other ecosystem operation since April 2021. relationships were successfully formed in financial year 2020. We also strengthen the cooperation with governments. We play an important role in various international conferences: IBLAC1 for the Mayor of Shanghai, the Enterprise Alliance of the CIIE2 and the ICCFED3 of 1. International Business Leaders’ Advisory Council 2. China International Import Expo Guangdong Province. 3. International Consultative Conference on the Future Economic Development
8 | A guide to EY services in Greater China EY people
With the demographic shift in the workforce, as well as an increasingly globalized economy, the “war of talent” – the competition to attract and retain the best people – is becoming more intense. An effective EY response is to equip management executives with global work experience, strengthen EY people’s leadership skillsets and develop their capabilities, building leaders for a diverse workforce.
The EY organization is devoted to delivering exceptional Inclusiveness professional services to clients across the globe, which requires attracting strong talent and developing high-performing teams. Therefore, EY teams are dedicated to creating a diverse and We believe that only by bringing together inclusive work environment that enhances people engagement professionals with diverse backgrounds and and helps EY people realize their potential. different perspectives can EY maximize the power EY teams are committed to building of high-performing teams and drive business growth in the global marketplace. Focus on a better working world. Better begins with you, the EY global diversity and inclusiveness is central to the Development EY culture, and is integral to how we award program, recognizes and celebrates individuals serve clients, nurture people and Having high-performing teams is build a better business world. and teams who are building fundamental to how the EY organization a better working world in provides exceptional client service. EY teams inspiring and impactful provide many learning opportunities, practical ways. Better begins with work experiences and career development guidance you helps share how EY to EY people, helping them realize their potential people are bringing this and preparing them to become future business purpose to life and having leaders. When EY people contribute to an impact on clients, people the development of clients’ businesses and communities. and the business world, they will Engagement
EY launched EY Badges, the first also realize their personal career of its kind among professional aspirations. Experience leads to wisdom. In addition to services organization, that practical work experience which is key to EY incentivize EY people across the career development, we support EY people globe to learn digital skills such as artificial intelligence through flexible work arrangements, (AI), data analytics, and robotics. The program, tailoring to enabling EY teams to be passionate in individual career goals, offers people the opportunities to what they do, to strive for excellence earn digital credentials. The EY Badges ultimately equips our in teamwork, and to achieve team workforce with future-focused skills that help clients overcome objectives and their personal challenges and thrive in a rapidly changing world. ambitions.
A guide to EY services in Greater China | 9 Branding Client services
Brand Finance AsianInvestor Global Top 500 most valuable brands 2018-2021 Asset Management Awards – Best auditors (Funds and Tax) 2021 Fortune China Mergers & Acquisitions Association 100 Best Companies to Work For 1999-2021 The best corporate finance services 2020 Fortune and Shared Value Initiative Hedge Fund Manager Connect 52 Companies Change the World List 2019 HFM Asia Services Awards: Great Place to Work • Best audit services 2019-2020 World’s Best Workplaces 2015-2020 • Best advisory firm – Tax 2020 Best Workplaces in Asia 2019-2020 • Best overall advisory firm 2017 Best Workplaces in Greater China 2016-2020 International Tax Review The Hong Kong Council of Social Service Asia Tax Technology Firm of the Year 2020 Caring Company Logo 2006-2021 Asia Tax Policy Firm of the Year 2019-2020 Universum Asia Tax Litigation and Disputes Firm of the Year 2020 World’s Most Attractive Employers (Business students) China Transfer Pricing Firm of the Year 2020 2009-2020 Hong Kong SAR Tax Firm of the Year 2020 The Most Attractive Employers (Business/Commerce students) Jiangsu Capital Market Summit and Forum on Technology • In mainland China 2015-2021 and Industry Innovation • In Hong Kong 2013-2020 Outstanding service provider for listed companies 2021 Mergermarket No. 1 accountant advisor in Greater China on value of Sustainability and green recognition deals 2018
Asiamoney Questex Asia China Green Finance Awards: The CFO innovation awards – Partner of the Year Awards: • Best green finance verification agency 2017–2018, 2020 • Best in Risk Management Advsory 2018 • Best international green finance verification agency 2019 • Best in Tax Advisory (Top-tier) 2016-2017 • Most innovative in green finance 2019 • Best in Audit Services (Top-tier) 2016 China Beijing Environment Exchange Excellence in sustainable asset valuation award 2019 International Finance Forum Global Green Finance Innovation Award 2020 World Green Organisation Green Office label and Eco-Healthy Workplace label 2020 Eco-Healthy Workplace Awards Labelling Scheme 2017-2020 United Nations Sustainable Development Goals - Green Office Awards Labelling Scheme 2014-2020
10 | A guide to EY services in Greater China Awards and accolades
Digital services Knowledge management
Blue Prism Global Most Innovative Knowledge Enterprise Study Group Global Delivery & Excellence Partner of the Year 2021 Global Most Innovative Knowledge Enterprise Award 2019-2020 Regional Client Business Impact Financial Services – APAC 2021 Asian Global Most Innovative Knowledge Enterprise Award 2018 Knowledge Management and Innovation Research Centre, China Federation of Logistics and Purchasing The Hong Kong Polytechnic University Top 10 Blockchain Technical Service Providers 2019 Hong Kong Most Innovative Knowledge Enterprise Award Gartner 2018-2020 A Leader in Magic Quadrant for SAP S/4HANA Application Research Center for Technological Innovation, Tsinghua Services, Worldwide 2020-2021 University and Shenzhen Landray Software A Leader in Magic Quadrant for Data and Analytics Service China Most Innovative Knowledge Enterprise Award 2018, 2020 Providers, Worldwide 2018-2021 China Most Innovative Knowledge Enterprise Award – Best HFS Research knowledge management organization 2019-2020 HFS Top 10 Enterprise Blockchain Service Provider 2020 Teleos and The KNOW Network HFS Top 10 Internet of Things Service Providers 2019 Global Most Admired Knowledge Enterprise 1998-2017 Microsoft China Most Admired Knowledge Enterprise 2014-2017 Global Advisory Services Partner of the Year 2020-2021 Hong Kong Most Admired Knowledge Enterprise 2008-2017 Global Power Apps and Power Automate Partner of the Year Best in Technology Deployment Award 2016-2017 2021 Global Energy Partner of the Year 2020 Global Financial Services Partner of the Year 2020 Inclusive workplace SAP Community Business SAP Innovation Awards 2020 Hong Kong LGBT+ inclusion Index – Top 10 Employers for LGBT+ SAP Pinnacle Award: Inclusion 2019-2022 • Partner of the Year – SAP Business Technology Platform 2021 Equal Opportunities Commission • Partner of the Year – Experience Management, SAP and Equal Opportunity Employer Gold Award 2021 Qualtrics 2021 DiversityInc • Finance Transformation Partner of the Year 2020 Top 50 Companies for Diversity 2017 • Qualtrics Experience Management Partner of the Year 2020 • Strategic Growth Partner of the Year 2019 Hong Kong Breastfeeding Mothers’ Association • Technology Innovation Partner of the Year 2019 Most breastfeed-caring Corporate Award 2017-2018 • Customer Choice Partner of the Year – Large Enterprises 2018 Hong Kong Family Council SAP Global Newcomer of the Year 2018 Meritorious Family-Friendly Employers 2017/18 SAP Digital Leadership Partner of SAP Leonardo in Greater China Special Mention (Gold Award) 2017/18 2018 The Times Tencent Top 50 Employers for Women 2012-2021 Tencent Cloud Partner Nebula Award – Exceptional Partner of the HR Magazine Year 2019-2020 HR Magazine Awards – Best D&I initiative gold award 2020
A guide to EY services in Greater China | 11 China Go Abroad and the Belt and Road Initiative
The world economy has been faced with challenges The EY COIN has assisted many Chinese companies with including mounting geopolitical risks, as the globalized their globalization strategies, working on many of the most world we know is being reshaped. However, technological significant Chinese outbound investments and transactions. innovation is accelerating and penetrating into traditional In the past few years, the COIN team has acted as an advisor business areas. What does it mean to Chinese enterprises on a number of high-profile China outbound transactions going overseas? Business resilience is more important around the world. than ever to navigate the complex and changing overseas As a global professional services organization with rich environment where they invest. In the future, the experience, EY teams offer a wide spectrum of one-stop advancement of the Belt and Road (B&R) Initiative will professional services, from planning and deal execution to continue to bring opportunities for Chinese enterprises. By post-deal integration. The high-performing EY professional constantly moving up the value chain, Chinese enterprises teams can help Chinese enterprises manage their risk, will play a more crucial role in the reset and recovery of strengthen their control, and establish a systematic the world economy. The long path to globalize Chinese investment management framework to safeguard their enterprises may not be smooth, but they will keep growing overseas investments. at home and abroad with a global vision: “going abroad” remains a compelling trend ahead. The EY COIN has launched the “EY Belt and Road Navigator” – an information platform to share the EY B&R related The EY China Overseas Investment Network (COIN) market and sector insights, government policy updates, has both witnessed and facilitated Chinese enterprises investment guides, country reports and seminar events. The seeking opportunities outside China. The highly integrated COIN team helps Chinese enterprises navigate along the B&R structure allows the EY COIN to deploy dedicated teams to better understand the opportunities and challenges, and with strong experience and deep industry knowledge to most importantly, achieve steady and sustainable growth. provide seamless and high-quality services to EY clients. The EY B&R Task Force was also built to assist Chinese Scan the QR code and stay up-to-date with the latest news. enterprises to develop business along the route.
COIN EY Belt and Road Navigator
12 | A guide to EY services in Greater China EY focus topics
Guangdong-Hong Kong-Macao Greater Bay Area development
The Guangdong-Hong Kong-Macao Greater Bay Area infrastructure upgrade and transformation, technological (GBA) is an important part of the 14th Five-Year Plan and innovation, research and development, as well as smart city national economic development strategy for China. It has development. Our professionals from various fields stay on been designated as a bridgehead of China’s innovation top of the development of the Area, actively participate in and technology development, striving to become an relevant policy discussions and those across industries, and “international science and technology innovation center” cooperate with other institutions and experts in contributing by 2025. The development plan has great significance in to the Area’s development. the implementation of innovation-driven development, With a solid experience in assisting Chinese enterprises in delivering a higher standard of living, and demonstrating “going abroad”, we have amassed professional and practical China’s commitment to reform and opening up. know-how in assisting clients to expand and grow. We As the GBA development is progressing steadily, respective provide a broad range of services and have established an policies on foreign currency exchange, financial services exceptional professional network in the GBA’s core cities. and insurance are being introduced. Among them, We provide accurate, timely and valuable advice to help deepening financial integration between mainland China, businesses understand the market, develop strategic plans Hong Kong and Macau is one of the key directions of and realize business potential. We are committed to working the GBA plan. The launch of the Wealth Management with enterprises to help them achieve new growth. Connect Scheme successfully marks another milestone in the promotion of mutual financial markets access in the Greater Bay Area and expands the scope of cross-border Our six GBA focus areas: transactions. As the core engine of regional development in the GBA, the four central cities, Hong Kong, Macau, Youth mobility Guangzhou and Shenzhen, capitalize on their unique Explore and provide young talent with opportunities to thrive in advantages, to co-create an ecosystem from which the the GBA cities nearby regions and the rest of the world will benefit. Smart city The EY Greater China Region has member firm offices in the Assist local governments with development strategies and infra- structure consulting services four core cities of the GBA – Hong Kong, Macau, Guangzhou and Shenzhen. As one of the world’s leading professional Technology/FinTech and digital service organizations, our clients can enjoy access to the Assist and boost the development of various innovative knowledge across EY professional networks worldwide and technology projects our rich experience in the Chinese market. We have been Foreign investment working with our clients to help them realize new business Facilitate foreign corporates to invest effectively in GBA cities potential within the GBA. Government and regulatory With a deep understanding of digital technologies and Analyze and provide updates on local regulations and tax laws insights on the latest technological transformation, the EY teams in Greater China are devoted to helping Strategic Planning and Services businesses thrive in the digital age. The convergence of Identify potential opportunities to expand GBA footprints the real economy with the Internet of Things (IoT), big data analytics and artificial intelligence has brought companies to engage our multidisciplinary teams in facilitating A guide to EY services in Greater China | 13 Innovation and digitalization strategy
Disruptive innovation is changing the way the world works and it is creating opportunity, but only for those who can keep up with the pace or reinvent themselves to thrive. Interested in making the art of the EY Innovation teams around the world work across the organization to help possible a reality? EY wavespace identify, share and scale the best ideas, and to research and explore new is where we curate talent and technologies. The teams are constantly asking better questions so that they technology, bringing them together can drive the innovation that is building a better working world for EY people in a collaboration proven to energize and clients. and align teams, to solve problems Globally, EY has committed US$1 billion in creating innovative technology and create meaningful outcomes — solutions, client services and innovation methods to improve EY people ability faster. to tackle the most complex business challenges with the clients. EY wavespace is all about inspiring In the Greater China Region, our teams are embracing new technologies human ingenuity. It accelerates to transform services for the better, and exploring the incredible potential creativity to help organizations thrive of innovations such as blockchain, artificial intelligence (AI), robotics and in the Transformative Age. analytics. We are using bots, algorithms and machines to help create The global EY network of wavespace transformative value and impactful solutions for clients. centers in some of the world’s most This is having a transformative effect on the way all people work. EY teams dynamic and innovative urban areas. around the world are smarter, nimbler and more flexible, with an ever-growing In wavespace centers, EY teams global outlook. The teams can apply agile approaches to generate new ideas, help the clients to explore and test and help clients to rapidly realize them by testing in-market and quickly scaling ideas, solutions and products — with up when required. specialist teams and technologies from virtual reality, to AI, to robotics Innovation is never easy. But there are limitless opportunities for those ready and more. to explore how their business should be doing things differently in 6 months, 3 years, 10 years and beyond. We help build new business offerings and find innovative services for our clients. For more information, please scan the QR code:
14 | A guide to EY services in Greater China EY focus topics
State-owned enterprise reform
Despite the complex international and domestic Audit services environment, the reform of state-owned enterprises has • Asset and financial reorganization assistance made positive progress, the structure layout has been • Asset and capital verification optimized and operational vitality has been released. • Special audit With the acceleration of special reforms such as mixed • Audit support on transactions ownership reform, state-owned enterprises reform has • Shareholding system reform and IPO audit entered a new milestone. With professional capabilities and quality services, EY Tax services people have extensive experience and successful practices • Design proposal for mixed ownership reform and tax in helping SOE reform. In the future, we will continue improvement providing customized services for SOEs on strategic • Tax related evaluation and suggestion on liability planning, implementation and execution etc. As a result, restructure together with SOEs, we can grasp benefits from the reform • Advice on building domestic and cross-border IPO and achieve high-quality development. structure and tax improvement Hence, we have set up a working group to “Promote the • Legal consultation on mixed ownership reform and IPO high-quality development of state-owned enterprises”, • Services on historical tax issues of mixed ownership to help fulfill the goal of SOE reform through seamless reform and IPO cooperation among these six teams: People advisory services Strategic planning and reform proposal • Formulating legal entity governance, optimizing • Strategic planning advice delegation of authority • Market competition analysis, business model analysis • Set up of managerial system • Assessing growth opportunities and strategy • Identify a sound incentive system, advance payroll development system • Potential investor analysis • Support employee stock option plan as a middle to long • Control and consultation on operations term incentive • Design reform proposals • Address historical issues such as employee allocation
Transaction advisory services Consulting • Business spin-off and divestiture consulting • Improve world-class management • Consultant on sell side • Financial control model and transformation plan • Obtaining potential investors • Resources allocation and advance efficiency • Analysis and suggestions on ownership structure • Risk control and compliance system set-up • Support on negotiations and audit of transaction • Digital transformation and implementation agreement • Organizational transformation • Consulting before settlement • Streamline procedures and advance operation efficiency
A guide to EY services in Greater China | 15 IPO services
Why conduct an IPO? An initial public offering (IPO) is the first sale of a company’s shares to the public and the listing of shares on a stock exchange. It allows a company and its stakeholders to raise capital in order to build its business by creating newly issued shares and selling existing shares. A successful listing can help your company unlock access to financing and assist in completing a strategic acquisition, create opportunities to expand your business into new markets, or provide an exit opportunity for your private equity or other investors. In addition, it can also improve customers, suppliers and employees’ perceptions of your business and brand. For many fast-growing private companies, an IPO can raise the capital needed to accelerate growth and achieve market leadership. How EY services help each stage of your IPO journey From initial concepts to IPO and beyond, we have a proven approach and The market share of Hong professionals to address the main areas and specifics of your IPO readiness Kong Main EY 32% and IPO value journey. We will assemble a broad and individually tailored IPO Board listings Other services package based on your needs with our established and interdisciplinary among Big 4 “Big 4” 68% IPO approach. By fully understanding your company and the details and in 2020 intricacies of the IPO process, we will be with you each step along the way. Note: Compiled according to the number of listed companies for the period from The IPO readiness assessment 1 January to 31 December 2020 Source: Listed company information Strategy Align operational goals with your finance strategy The market Structures and taxes share of EY 29% To help establish a transparent company structure and optimize taxes mainland China A-share listings Other Financials among Big 4 in “Big 4” 71% Prepare all finance-related infrastructure 2020
Systems Note: Compiled according to the number Build the right supporting systems to fulfill ongoing requirements of listed companies for the period from 1 January to 31 December 2020 Functions Source: Listed company information To help manage investor relations, compliance, and boards and committees The market Leadership share of US Build credibility and board independence listings among EY 28% Other Timeline Big 4 in 2020 “Big 4” 72% Design your IPO value journey
Note: Compiled according to the number of listed companies for the period from 1 January to 31 December 2020 Source: China Venture
16 | A guide to EY services in Greater China Industry-focused services
EY people come from diverse teams of consultants and industry professionals with a global mindset and a collaborative culture. We strive to understand clients’ issues and ask better questions in the pursuit of enhancing their business operations, and help them gain a competitive edge in the industry. To assist clients to maintain their leading positions in their industries and stay competitive in the current business world, we devote significant time and resources to forecast market trends and estimate their impact on industries. We are committed to sharing industry knowledge, experience and views with clients, and meeting your company’s needs in auditing, taxation, transactions and consulting services. Industries covered:
• Advanced Manufacturing • Mining & Metals & Mobility • Oil & Gas • Banking & Capital Markets • Power & Utilities • Consumer Products & Retail • Private Equity
• Financial Services • Real Estate, Hospitality & Construction • Government & Public Sector • Technology, Media & Entertainment and • Health Sciences & Telecommunications Wellness • Wealth & Asset • Insurance Management
A guide to EY services in Greater China | 17 The purpose of Assurance services is to inspire confidence and trust to help build a better working world. We do so by protecting and serving public interest, promoting transparency, supporting investor confidence and economic growth and nurturing talent to provide future business leaders for the global marketplace.
This translates to a service offering for our clients that supports them in building stakeholders confidence and trust, managing regulatory responsibilities and driving long- term, sustainable growth. Our Assurance services are as follows: External Audit We leverage the latest technology and leading-edge perspectives to offer a range of audit services to our clients. Applying our global audit methodology, we customize the Can greater audit plan for each client by focusing on business areas that have a significant impact on the company’s financial insights be found by statements and risk factors. Such audit approach is not only efficient, but also effective, because early identification of understanding the business areas and internal controls that are more prone to problems and improvement opportunities enablement complexity behind allow the team to focus its audit effort on the most risky areas. Our commitment to research and investment in the obvious? technological innovation seamlessly integrates advanced technologies into audit services, improving clients’ ey.com/en_cn/assurance #BetterQuestions digital experience, and providing quality and outstanding customer service. We use advanced data analytics tools and sophisticated data analysis methods to identify abnormal trends or risk areas from big data, sharing our analysis results and deeper insights with clients.
18 | A guide to EY services in Greater China Assurance
Forensic & Integrity Services Climate Change and Sustainability Services We have rich experience of providing investigation and Our team can help you understand the risks and compliance services, pre-deal forensic due diligence, opportunities arising from climate change and sustainability litigation support and dispute services, digital information issues. In order to survive and grow in an increasingly discovery, forensic data analytics, privacy and cyber competitive and accountable business environment, response for clients. We are committed to assisting organizations are required to report not only their financial companies to uphold integrity in their business behavior, performance, but also their nonfinancial performance. thereby reducing their business risks. EY team across the With increasing stakeholder concerns around sustainability, global network of fraud examiners, forensic accountants environmental, health and safety, and climate change risks, and electronic data analysts includes local professionals it is no longer an option to ignore them. While CFOs may with a deep understanding of the Greater China market not have traditionally led the way in these issues, they environment, and professionals with extensive regional and are increasingly expected to play a more active role. Our international experience. teams understand the evolving pressures surrounding these Financial Accounting Advisory Services challenges. As a result, they can help you to understand Our team can support you in building an effective and and evaluate the broader value of impacts and outcomes, efficient finance function with a range of accounting, identify the opportunities, and report non-financial reporting and analytics services. We can help you in performance risks to stakeholders. determining, monitoring and disclosing financial and non- Cost Engineering Services financial insights for your stakeholders. FAAS services With the reform and transformation of the construction address the CFO agenda and provide CFOs, controllers, industry, the breadth and depth of the demand for Cost treasurers and audit committees with insights and services Engineering Services are constantly increasing. Our team to support compliance with evolving financial requirements. has the “Project Cost Consultancy Enterprise Grade A These insights and services also help maintain transparency Qualification Certificate” issued by the Ministry of Housing and trust in reporting to support better decision-making. We and Urban-Rural Development of China and is committed help to support finance functions with innovative services to providing clients with value-added services in the whole using tools and technology, and with robust data analytics. process of construction project investment and cost FAAS services cover a wide range of accounting and control. We can help to improve the management level of reporting, transaction accounting, treasury, and corporate construction projects, and the management of project costs governance services that can help your business meet and risks for clients. changing market conditions, demands for greater transparency and changing regulatory requirements. We are committed to doing this by providing innovative support to inspire confidence while addressing reporting challenges that stem from the changing economic and regulatory environment.
A guide to EY services in Greater China | 19 The tax function of businesses is an important cornerstone of financial management. Businesses need a transparent reporting system to establish a tax strategy that is both regulatory compliant and can be integrated with business drivers.
Our Tax Services teams have extensive experience in helping EY clients, and work closely together to provide integrated services in areas ranging from tax planning, compliance and reporting, to tax technology services. Our Tax services are as follows: Global Compliance and Report Services Our team offers tax compliance and related tax advisory services. Our services aim at enhancing clients’ Will the speed management capabilities in tax operation and increasing financial and tax efficiency through tax risk management. of the digital tax In addition, we provide payroll operation, book-keeping and financial reporting services. revolution propel Indirect Tax Services Indirect Tax plays an increasingly significant role in you forward? companies’ overall supply chain and daily operation. Our professionals provide a variety of Indirect Tax advice aiming ey.com/en_cn/tax #BetterQuestions to help clients understand the impact of these taxes, design highly efficient customs and Indirect Tax processes, improve compliance and manage costs from an Indirect Tax perspective.
20 | A guide to EY services in Greater China Tax
International Tax & Transaction Services Private Tax Services Our team is committed to assisting clients in designing and We support clients unlock the full potential of their ambition executing global tax arrangements that cohere with their in the transformative age to create, preserve and transfer overall business strategies, and improve their financial value across generations. We provide services to assist performance. With cross-border investment being a critical owners and families, family offices, trust and entities; family part of clients’ global expansion plans, we endeavor to assist enterprises, and private businesses (including portfolio our clients in understanding the tax implications and risks companies and multi-owner private businesses, owner that may arise from acquisitions, disposals, restructurings controlled listed companies and non-listed companies). Our and IPOs, and in their objective to maximize their best services cover personal and family tax, wealth and asset interests. We also provide support in the areas of supply protection, global transparency and information exchange; chain restructuring, transfer pricing strategy planning, business tax advice and incentives for business operation documentation compliance and dispute arbitration to and expansion; business succession and wealth transfer, help ensure appropriate transfer pricing strategies are family governance and family office advisory, philanthropic implemented to address relevant tax risks, and in a planning, next generation education and other relevant broader sense, help our clients’ businesses achieve their advisory and assistance. full potential. Tax Technology and Transformation Legal Services The current China EY Tax Technology and Transformation In a business environment that is increasingly global and team has diverse and experienced tax technology complex, companies need to ensure that they get advice professionals providing a full range of tax technology to manage issues as efficiently and effectively as possible. services for tax intelligence including: enterprise business Our Law services practitioners work closely with Tax, transformation, tax system consulting services, process Strategy and Transactions, Consulting and other teams to automation, tax big data analysis, tax governance and risk provide commercially focused advice that assists our clients’ control. In addition, the team also helps companies achieve businesses to thrive in different markets, with the aim of high-quality and efficient tax operation, and full-scale reducing legal and other risks. improvements of corporate tax quality and efficiency. People Advisory Services People Advisory Services helps our clients harness their people agenda – the right people, with the right capabilities, in the right place, for the right cost, doing the right things. We work across the globe, collaborating to help clients address complex issues including organization transformation, end-to-end employee lifecycles, effective talent deployment within the global organization, evolving and virtual workforces and the changing role of HR. In addition, our services bring together the compliance and regulatory elements of mobility, using an integrated process from immigration and travel risk through tax and compensation to social security, assignment services and workflow.
A guide to EY services in Greater China | 21 How organizations manage their capital today will define their competitive position tomorrow. Our Strategy and Transactions teams offer integrated and objective advisory services that are designed to help clients make better decisions about how to strategically manage capital and transactions.
Strategy and Transactions services are as follows: Strategy Our team of professionals is dedicated to helping clients with essential, effective and viable business solutions. By incorporating our innovative foresight with clients’ insights, our business services have covered major business topics, ranging from strategy to implementation. Meanwhile, our Strategy consultancy services cover a wide range of industries, including automotive and industrial products, retail and consumer products, life sciences, real estate, Will delivering government & public services, technology, media & telecommunications. We assist clients in the development long-term value of practical business strategies based on their needs and for all become a market position. condition of trust? ey.com/en_cn/strategy-transactions #BetterQuestions
22 | A guide to EY services in Greater China Strategy and Transactions
Mergers & Acquisitions Transaction Strategy & Execution Time is always of the essence in all Mergers & Acquisitions Our team enables clients’ strategic portfolio management (M&A) processes, requiring effective coordination of all and assists their objective to maximize transaction value parties including the management teams and external across the whole investment life cycle – including inbound advisors. Our M&A team assists clients with streamlined and outbound acquisitions, divestitures, joint ventures project management throughout the entire deal life and alliances. In particular, we help companies define and cycle. We work with clients from the start to the end execute their transaction strategy, conduct due diligence, of the transaction process, and our services help them implement post-deal integration and separation, and strengthen and realize the strategic value embedded in their execute stabilization and value creation programs through transaction objectives. to exit. Transaction Diligence Turnaround and Restructuring Strategy We focus on assisting clients assess the sustainability of a During a financial crisis, the top priority for a company is target company’s growth and profitability, quality of cash to stabilize its existing operations, manage risks, preserve flows and assets, and identify potential transaction risks and assets and optimize its capital structure. Our team advises contingencies. We also provide clients with support in the clients on complex issues when businesses are in financial negotiation of key transaction terms and closing, as well as distress, and our services strive for the improvement in post-closing integration and financial reporting. businesses’ liquidity, capital structure and credit worthiness with a final mandate to preserve stakeholders’ interests. Valuation, Modeling and Economics Our team provides valuation services for transaction, International Tax & Transaction Services financial reporting, tax restructuring and other regulatory Our team is committed to assisting clients in designing and requirements. We help clients make informed decisions executing global tax arrangements that cohere with their through building robust business models. Our team also overall business strategies, and improve their financial provides economic advisory services on giving strategic performance. With cross-border investment being a critical advice, industrial planning, and business environment part of clients’ global expansion plans, we endeavor to assist assessment for regions, cities, industrial parks and free our clients in understanding the tax implications and risks trade zones. that may arise from acquisitions, disposals, restructurings and IPOs, and in their objective to maximize their best Infrastructure Advisory interests. We also provide support in the areas of supply We provide broad solutions and professional advisory chain restructuring, transfer pricing strategy planning, services to support clients with their financing, M&A, documentation compliance and dispute arbitration. planning, construction, operation and strategies for domestic and cross-border infrastructure projects. In addition, we support governments, multilateral development banks and corporations across various sectors in conventional infrastructure projects, as well as the so- called “New Infra” projects.
A guide to EY services in Greater China | 23 Our Consulting teams are building a better working world by transforming businesses through the power of people, technology and innovation - putting humans at the center, leveraging technology at speed and enabling innovation at scale.
Across industries, the diversity and skills of our consultants are helping businesses to transform successfully, creating long-term value for people, clients and society. Our Transformation Realized approach drives change and help clients harness new core drivers of business value. We help create higher agility in the clients’ business and operating models to help deliver and sustain engines of long-term In a completely value creation. changed landscape, how will you reimagine yourself? ey.com/en_cn/consulting #BetterQuestions
24 | A guide to EY services in Greater China Consulting
Business Consulting Technology Consulting We work with organizations to help maximize growth, We believe that the faster the companies can apply the right increase business value and maintain trust across technology, the faster they can meet customer expectation, ecosystems and markets. support and engage employees and create competitive advantages. • Business Transformation – helps clients achieve growth by accelerating their ability to unlock business value. • Cybersecurity – helps enable trust in systems, design Areas of focus: transformation architecture, experience and data. Focus areas: next-generation cybersecurity design, and business design and transformation ops and response; identify and access management, execution. data protection and privacy; and architecture and engineering to reduce cyber risk. • Enterprise Risk – helps transform business risk monitoring and management, drive strategic value, • Data and Analytics – addresses clients’ data, and build and maintain trust. Focus areas: enterprise information management and analytics needs. Focus risk management convergence and transformation, areas: data governance and management, business compliance, internal controls, internal audit, third-party intelligence and reporting, advanced analytics/AI, and risk management, and program risk management. intelligent automation. • Finance – helps transform the role of Finance, and the • Digital and Emerging Technology – supports clients’ role of the Chief Financial Officer will also need to evolve digital agendas. Our teams offer architecture, toward value creation, becoming a Chief Value Officer. engineering, integration and assemblage capabilities Focus areas: value performance management, agile such as cloud migration and digital architecture, as well and lead corporate finance, and value driven enterprise as evolving emerging technology including blockchain, transformation. IoT, AI and 5G. • Supply Chain and Operations – helps organizations • Technology Solution Delivery – supports packaged transform the supply chain so they can reduce costs, software deployment, as well as broader transformation improve resilience and gain end-to-end supply chain services: alliance and non-alliance package capabilities; visibility. Focus areas: supply chain strategy, intelligence reg definition, configuration, customization and and visibility; demand, supply and integrated business extension on testing and quality assurance. planning; procurement; smart manufacturing; logistics • Technology Transformation – works directly with the and fulfilment; and product lifecycle management. Chief Information Officer and Chief Technology Officer • Technology Risk – supports clients to protect business on a combination of projects to help enable capabilities performance and provide trusted communications. and direct offerings, including IT strategy, IT operating Focus areas: financial statement audits and audits model design and IT function transformation, and of internal control, IT system and organization enterprise architecture. internal audit and control reporting, certification and regulatory compliance assessment, and technology risk transformation.
A guide to EY services in Greater China | 25 EY is the only Big Four accounting organization that integrates global financial services into a “sub-business segment”. Financial Services is the largest segment of the global EY industry-focused services. Our Financial Services professionals provide the whole-procedure and end-to-end services for the three sectors on the right-hand page.
FinTech and Innovation We actively respond to innovations and reforms in the financial service industry. FinTech and Innovation have taken the centerstage of our global strategic development. We help our clients expand their businesses and with their aims to optimize management, with our thought leadership, in-depth industry insights, and technology, and we facilitate the realization of a client centered digitalized finance by integrating AI, Big Data, and cloud computing into Is the future digital transformation. We have assembled a special APAC task force on FinTech in China in order to of finance new more efficiently integrate our professional resources to accommodate for FinTech’s interdisciplinary and technology or inter-channel nature. new people?
Digital Mobile ey.com/en_cn/financial-services AI Lab #BetterQuestions Technology Lab
Regulatory Cloud Lab Technology Lab
26 | A guide to EY services in Greater China Financial Services
Banking and Capital Markets Insurance Wealth and Asset Management Globally, Banking and Capital Markets Our team provides audit services to The team comprises wealth and asset is the largest business sector in EY. insurance companies, insurance asset management professionals in the While the future developments in the management companies, and insurance industry across the globe. Through banking industry will be characterized by agencies in Greater China, as well integrating personnel and resources, high levels of complexity and volatility, as services including management the professionals can anticipate and reforms in China’s financial industry and consulting, strategic planning, respond to market changes in the the digital transformation will give rise business and finance transformation, industry and provide a broad range of to unprecedented opportunities. With actuarial, risk management, internal audit, tax, risk management, internal extensive experience serving the global control compliance, transactions and control, valuation and strategic and China banking and capital market, mergers and acquisitions, tax advisory, consulting services to various asset solid business consulting capacities, technology and digital transformation. management companies. and leading professionals in innovation In addition, the EY Global Insurance We assist wealth and asset and technology, we work with banks to network brings together resources management organizations with successfully navigate the path to the across the globe, sharing the latest continuously refreshing and updating future. thought leadership and experience their mindsets and innovative thinking with each other. to maintain a competitive advantage.
EY Greater China Financial Service professionals provide a broad array of assurance, tax, strategy, transactions and consulting services to financial institutions, as well as providing the whole procedure and end-to-end services.
EY is a global leader in providing auditing
Assuranc e Our Financial Services Consulting team is services to businesses in the financial dedicated to creating long-term business industry. We employ effective international value for our clients by integrating our auditing methods, exploit cutting-edge people-first, technology-accelerated, analytical tools and advanced thinking in and innovation-driven approach. Our
providing auditing and financial accounting Consulting services include business, technology, advisory services, and mobilize local and human capital consulting, providing and global resources in tackling complex a comprehensive coverage over financial problems. Meanwhile, EY is also an award- industry transactions and capital activities. winning industry leader in ESG. Financial Services
With sound knowledge and profound Our Financial Services Strategy and understanding of tax laws and years of Transaction team seeks to support practice, our Financial Services Tax team financial institutions in performing merger can assist financial organizations with and acquisitions, engaging in a variety of building a virtuous cycle of “business other capital market activities (including – finance – taxation”. Our services Tax financing, investment, optimization, and include corporate tax, transfer pricing, capital maintenance), and serving as a international tax, financial transaction tax, sustained and powerful driving force. Transactions and tax information technology services. and Strategy
A guide to EY services in Greater China | 27 Offices in EY Greater China Region
Beijing Changsha Hefei Level 16, Ernst & Young Tower Unit 2501, 25/F, Block C Unit 2509-2510, 25/F, Tower A Oriental Plaza Kailin Commercial Center China Resources Building 1 East Chang An Avenue 53 Binjiang Road, Yuelu District, Changsha 111 Qianshan Road, Shushan District, Hefei Dongcheng District Hunan, 410006 Anhui, 230031 Beijing, 100738 Tel: +86 731 8973 7800 Tel: +86 551 6521 0666 Tel: +86 10 5815 3000 Fax: +86 731 8973 7838 Fax: +86 551 6521 0703 Fax: +86 10 8518 8298 Chengdu Jinan Shanghai 17/F, The Office Tower Unit 1906, 19/F, South Building, China Life Tower 50/F, Shanghai World Financial Center Chengdu Shangri-La Centre 11001 Jingshi Road 100 Century Avenue, Pudong New Area Block B, 9 Binjiang Dong Road, Chengdu Lixia District, Jinan Shanghai, 200120 Sichuan, 610021 Shandong, 250014 Tel: +86 21 2228 8888 Tel: +86 28 8462 7000 Tel: +86 531 5580 7088 Fax: +86 21 2228 0000 Fax: +86 28 8676 2090 Fax: +86 531 5580 8338
Hong Kong Chongqing Kunming 27/F, One Taikoo Place Unit 1-2 & 2-1, 56/F, World Financial Centre Unit 2708, 27/F 979 King’s Road 188 Minzu Road, Yuzhong District Spring City 66 Office Tower 23 Dongfeng East Road Quarry Bay, Hong Kong Chongqing, 400010 Tel: +852 2846 9888 Panlong District, Kunming Tel: +86 23 6273 6199 Fax: +852 2868 4432 Yunnan, 650051 Fax: +86 23 6033 8832 Tel: +86 871 6363 6306 Shenzhen Fax: +86 871 6363 9022 21/F, China Resources Building Dalian 5001 Shennan Dong Road, Shenzhen 28/F, Eton International Tower Nanjing Guangdong, 518001 280 Changjiang Road Room 2201-06 & 16, 22/F, Nanjing Two IFC Tel: +86 755 2502 8288 Zhongshan District, Dalian 111 Hexi Street, Jianye District, Nanjing Fax: +86 755 2502 6188 Liaoning, 116000 Jiangsu, 210019 Tel: +86 411 8252 8888 Tel: +86 25 5768 8666 Guangzhou Fax: +86 411 8250 6030 Fax: +86 25 5268 7716 18/F, Ernst & Young Tower 13 Zhujiang East Road Haikou Qingdao Tianhe District, Guangzhou Unit 2901B, 29/F, Tower A Unit 3401, Block B Guangdong, 510623 China Resources Building Tel: +86 20 2881 2888 Internet Financial Tower 6 Shandong Road, Shinan District, Qingdao Fax: +86 20 2881 2618 3 Guoxing Avenue, Haikou Hainan, 570100 Shandong, 266071 Macau Tel: +86 898 3660 8880 Tel: +86 532 8904 6000 21/F, 39 Avenida de Almeida Ribeiro Fax: +86 898 3638 9398 Fax: +86 532 8579 5873 Macao Tel: +853 8506 1888 Hangzhou Shenyang Fax: +853 2832 2500 Unit 1002-4, 10/F, Tower B, UDC Building Unit 1708, 17/F, Tower A 8 Xinye Road, Qianjiang CBD, Hangzhou Chamber of Commerce Headquarters Mansion Zhejiang, 310016 51-1 Qingnian Street, Shenhe District, Shenyang Tel: +86 571 8736 5000 Liaoning, 110014 Fax: +86 571 8717 5332 Tel: +86 24 3128 3366 Fax: +86 24 3195 8778
28 | A guide to EY services in Greater China EY contacts
Suzhou Hsinchu Ulaanbaatar Suite A, 28/F, Suzhou Modern Media Plaza E-3, 1 Lixing 1st Road Suite 200, 8 Zovkhis Building 265 Suzhou Avenue Hsinchu City 30078 Seoul Street 21 East Suzhou Industrial Park Tel: +886 3 688 5678 Ulaanbaatar 14251 Jiangsu, 215028 Fax: +886 3 688 6000 Mongolia Tel: +86 512 6763 3200 Tel: +976 11 314032 Fax: +86 512 6763 9292 Kaohsiung Fax: +976 11 312042 Tianjin 17/F, 2 Zhongzheng 3rd Road Unit 1705-08, 17/F, Metropolitan Tower Kaohsiung City 80052 183 Nanjing Road, Heping District Tel: +886 7 238 0011 Tianjin, 300051 Fax: +886 7 237 0198 Tel: +86 22 5819 3535 Fax: +86 22 8319 5128 Taichung 7/F, 239 Minquan Road Wuhan Taichung City 40341 Unit 3304-3309, 33/F Tel: +886 4 2305 5500 Heartland 66 Office Tower Fax: +886 4 2305 5577 688 Jinghan Avenue Qiaokou District, Wuhan Tainan Hubei, 430030 11/F, 189 Yongfu Road Tel: +86 27 8261 2688 Section 1 Fax: +86 27 8261 8700 Tainan City 70051 Xiamen Tel: +886 6 292 5888 Room 1603, Century Wealth Center Fax: +886 6 200 6888 158 Taidong Road Taipei Siming District, Xiamen Fujian, 361008 9/F, 333 Keelung Road Tel: +86 592 3293 000 Section 1 Fax: +86 592 3276 111 Taipei City 11012 Tel: +886 2 2757 8888 Xi’an Fax: +886 2 2757 6050 Suite 1207-1209, Building C, Urban Portal 1 Jinye Road, High-tech Zone, Xi’an Taoyuan Shaanxi, 710065 27/F, 1088 Zhongzheng Road Tel: +86 29 8783 7388 Taoyuan District Fax: +86 29 8783 7333 Taoyuan City 33045 Tel: +886 3 319 8888 Zhengzhou Fax: +886 3 319 8866 11/F, Block 8, North Zone Kineer Business Center 51 Jinshui East Road, Zhengzhou Henan, 450046 Tel: +86 371 6187 2288 Fax: +86 371 6163 0088
安永大中华区专业服务简介 | 29 EY | Building a better working world
EY exists to build a better working world, helping to create long-term value for clients, people and society and build trust in the capital markets. Enabled by data and technology, diverse EY teams in over 150 countries provide trust through assurance and help clients grow, transform and operate. Working across assurance, consulting, law, strategy, tax and transactions, EY teams ask better questions to find new answers for the complex issues facing our world today.
EY refers to the global organization, and may refer to one or more, of the member firms of Ernst & Young Global Limited, each of which is a separate legal entity. Ernst & Young Global Limited, a UK company limited by guarantee, does not provide services to clients, nor does it own or control any member firm or act as the headquarters of any member firm. Information about how EY collects and uses personal data and a description of the rights individuals have under data protection legislation are available via ey.com/privacy. EY member firms do not practice law where prohibited by local laws. For more information about our organization, please visit ey.com.
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APAC no. 03011726 ED None.
This material has been prepared for general informational purposes only and is not intended to be relied upon as accounting, tax, legal or other professional advice. Please refer to your advisors for specific advice. ey.com/china
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Published in August 2021