Topics discussed in the workshop included macro-economic issues in relation to China, practical cross-border investment issues, and trends in inbound and outbound investment. The focus was on key sectors like mining, renewable energy, infrastructure, agriculture and automobile in Romania and other CEE nations in which Chinese clients have shown particular interest. In addition to the workshop, the team is scheduled to meet with a number of Chinese companies that are already operating in Romania and the region.
“Following the recent Chinese leadership change, all eyes are on China, already the world’s second largest economy and an increasingly important trade and investment partner for Romania and the wider region. This landmark regional meeting in Bucharest demonstrates the important role KPMG has played in China’s integration into the global economy,” said Peter Fung, Global Chair of KPMG’s Global China Practice.
The workshop was attended by KPMG China Practice leaders from the EMA region as well as colleagues from the Republic of China. The China delegation includes Peter Fung, Global Chair of GCP; Tom Stanley, COO of GCP; Vaughn Barber, Head of China Outbound; Yali Peng, Head of GCP Research; David Frey, Head of China Inbound; and Stephen Ip, Head of Government and Infrastructure for China.
Notably, in 2012 KPMG was involved as an advisor in a number of high-profile cross-border China investments, including two of the three largest outbound transactions from China.KPMG’s GCP was established in September 2010 to assist both Chinese businesses as they go global and multinational companies that aim to enter or expand into the China market. In the CEE region, the KPMG China Practice is led by the Romanian firm and KPMG partner Ori Efraim is head of the practice.
There are currently some 50 China Practice teams in KPMG member firms in key investment locations around the world, including Romania. These teams comprise locally based Chinese-speakers and other professionals with strong cross-border China investment experience. There are three Chinese staff based in KPMG’s Bucharest office
About KPMG:
KPMG is a global network of professional firms providing Audit, Tax and Advisory services. We operate in 152 countries and have 145,000 people working in member firms around the world. The independent member firms of the KPMG network are affiliated with KPMG International Cooperative (“KPMG International”), a Swiss entity. Each KPMG firm is a legally distinct and separate entity and describes itself as such.
KPMG in Romania and Moldova operates from six offices located in Bucharest, Cluj-Napoca, Constanta, Iasi, Timisoara and Chisinau. We currently employ more than 650 partners and staff, both Romanians and Moldovans, and expatriates.
