Accounting and business advisory firm, Hall Chadwick, has established a link with China’s biggest domestically owned accounting firm, ShineWing Certified Public Accountants.
Together they are establishing ShineWing Hall Chadwick, which becomes a member of the Hall Chadwick national association and will be based in Melbourne.
The new firm combines an accounting practice already established in Victoria two years ago by Mr Chu and ShineWing and achieves an independent, Australia-wide reach by linking with a national firm outside the big four accounting firms. Hall Chadwick’s current national association includes Hall Chadwick in Sydney, Williams Hall Chadwick in Brisbane and Maxim Hall Chadwick in Perth.
The ShineWing practice in Australia has been established by Mr Chu, who came to Australia 18 years ago from Hong Kong where he built a substantial accounting firm with his father.
According to Hall Chadwick chairman, Mr David Fairfull, the potential of the new firm to build two way business between Australia and China was significant.
“ShineWing has a number of large Chinese clients eyeing business opportunities in Australia and our national network means we can give them face-to-face advice and services in any location – some of our Australian clients have established businesses in China and are keen to expand their presence in this key market,” Mr Fairfull said.
Mr Chu said one of the things that persuaded him to join ShineWing was its progressive leadership in Beijing and Hong Kong, its orientation towards quality assurance and its outlook on global expansion.
“ShineWing’s approach to Australia is that it didn’t want to have just a ‘Chinese’ firm in the country but wanted a genuine combined practice in collaboration with an Australian partner,” Mr Chu said.
“While Chinese companies may be large in China they often start with small investments overseas which means that an accounting firm like ShineWing Hall Chadwick which offers personal service is more the type of business adviser they are looking for,” Mr Chu added.
