The Institute of Chartered Accountants in England and Wales (ICAEW) has opened a regional office in Beijing, China, as part of plans to raise its profile and attract members in the region.
Led by newly appointed ICAEW regional director for Greater China Douglas Lau, the ICAEW said it aims to build on its existing presence to raise its profile and “forge stronger ties with key stakeholders” both in mainland China and Hong Kong. The office also aims to increase access to the ICAEW international ACA qualification.
“China’s targets for continued economic development, attracting foreign investment and financial sector growth, as outlined in the latest five-year plan, will require access to a big pool of highly qualified finance professionals with knowledge of international standards,” ICAEW president Gerald Russell said.
The ICAEW’s ACA qualification is available through two routes in China. It can be obtained as part of the ICAEW-CICPA joint programme, which offers certified CPAs access to the qualification as a top-up programme. Non-CICPA members can study for the full ACA programme, which typically takes three years to complete and combines theory, exams and practical work experience.
The ICAEW is already working with the Chinese Institute of Certified Public Accountants (CICPA) and the Hong Kong Institute of Certified Public Accountants (HKICPA). More than 200 ICAEW members are based in mainland China and around 3,000 in Hong Kong.