KPMG China holds a press conference today in Beijing to launch the selection and ranking of the leading 50 fintech companies in China for 2017.
“KPMG attaches great importance to the new normal of the fintech sector and has strived to assist companies with fintech upgrading and innovation by utilising its own strengths and resources. We established the KPMG Innovative Startup Centre in Zhongguangcun in 2015, and through an ‘online + offline’ model, we provide comprehensive solutions for the innovation and entrepreneurship ecosystem and continue to serve start-ups, investment institutions and industry leaders in transition. We also conduct in-depth cooperation with some key colleges and incubators to drive the healthy and steady growth of entrepreneurial enterprises. In the future, we will continue to follow China’s s “Internet Plus” and “Mass Entrepreneurship and Innovation” strategies and provide deep insights into innovation and reform so as to boost the healthy growth of, and provide support for, the scientific development of China’s fintech industry”, said Jacky Zou, Vice Chairman of KPMG China, during the news conference.
The press conference aims to release the detailed schedule and application process for the ranking of the top 50 fintech companies operating in China for 2017. During the selection and ranking process, KPMG will analyse and assess companies from the perspectives of technology, product, market and financing based on its core concerns and the SIP model it developed.
Arthur Wang, the Head of Fintech Industry, KPMG China, says, “The ranking of China’s 50 leading fintech companies in 2016 aroused great attention both in China and overseas. During this year’s ranking, specialists will consider each related dimension of the companies based on the selection criteria and process, and determine the final top 50 fintech companies through research, analysis and discussion.”
In recent years, KPMG has invested significant resources to serve and promote the innovation and development of China’s fintech industry. As part of its research findings, KPMG unveiled the KPMG China Fintech 50 for the first time in 2016 and has received a strong response. KPMG has also recently released the KPMG Global Fintech 100 and a series of industry research, including a quarterly analysis of global venture capital trends in the fintech sector.
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KPMG China operates in 16 cities across China, with around 10,000 partners and staff in Beijing, Beijing Zhongguancun, Chengdu, Chongqing, Foshan, Fuzhou, Guangzhou, Hangzhou, Nanjing, Qingdao, Shanghai, Shenyang, Shenzhen, Tianjin, Xiamen, Hong Kong SAR and Macau SAR. With a single management structure across all these offices, KPMG China can deploy experienced professionals efficiently, wherever our client is located.
KPMG is a global network of professional services firms providing Audit, Tax and Advisory services. We operate in 152 countries and regions, and have 189,000 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.
In 1992, KPMG became the first international accounting network to be granted a joint venture licence in mainland China. KPMG China was also the first among the Big Four in mainland China to convert from a joint venture to a special general partnership, as of 1 August 2012. Additionally, the Hong Kong office can trace its origins to 1945. This early commitment to the China market, together with an unwavering focus on quality, has been the foundation for accumulated industry experience, and is reflected in the Chinese member firm’s appointment by some of China’s most prestigious companies.