Multinational corporations setting up in China are often faced with unfamiliar rules and regulations, as well as ways of conducting business that may appear unusual compared to similar procedures in their home countries. Business-related rules and regulations in China often change rapidly as the country increases compliance requirements and makes important adjustments to its economy.

At the same time, an increasing number of Chinese companies, both private and state owned, are expanding beyond China and aiming to become multinational organisations in their own right, with listings on multiple overseas stock exchanges. In both cases, getting the right professional advice and support is crucial to these strategically important expansion plans. KPMG has some of the most experienced and qualified consultants in the industry.

Many companies seeking a foothold in China start with a small management team responsible for administering the entire operation, from overseeing production, generating new sales and monitoring internal controls, to meeting the requirements of local regulators. At KPMG China, we offer a comprehensive suite of services as well as practical advice and solutions to support you from the initial planning stage to the complete setup of legal entities. Once you are set up, we can manage your essential administrative and back-office tasks such as accounting and a range of other activities so that you can focus on developing and growing your business.

Our team can provide you with a one-stop full range of accounting and financial reporting services, including:

  • Accounting services
    • Maintaining accounting records including cash books, general ledgers, fixed asset registers, accounts receivable and payables sub-ledgers
  • Management reports
    • Preparing periodic management accounts, cash flow statements, budgets and forecasts or management purposes
  • Statutory financial reports
    • Preparing annual statutory financial statements and compliance filing
  • Audit support
    • Liaising with the company’s auditors during audits of the company’s financial records
  • Treasury services
    • Treasury and payment processing
  • Controlling services
    • Reviewing expense claims and payment application from the holistic view of accounting, tax and control requirements
  • Other support
    • Implementing an accounting system, including setting up a chart of accounts, master data, tailored reports appropriate for your reporting requirements
    • Drafting accounting policies and control procedures for your own accounting department
    • Seconding qualified professional accountants and managers to your company on a temporary or part-time basis
    • Reviewing accounts to ensure appropriateness and providing assistance to make improvement
    • Providing training for in-house accountants