Financial services
Recent years have witnessed the unprecedented changes in China's financial services industry. Many Chinese banks and insurance companies have launched or prepare to launch initial public offerings in domestic or global market; From December 2006, the full opening of the domestic banking market has brought many new opportunities and challenges to the industry; Ambitious to enter overseas markets, many Chinese financial institutions are reshaping their business strategies. In 2008, the world financial market turmoil originated from the U.S. sub-prime crisis inevitably impacted China's financial industry and signaled the importance of sound risk management system. New global financial order, increasing industry consolidation, stricter compliance and regulatory requirements and changing domestic and global financial landscapes, together bring complex issues to the senior management of China's financial services industry.
Deloitte's Global Financial Services Industry (GFSI) practice provides tailor-made solutions to financial institutions facing the complex issues of today’s marketplace. Combined in-depth industry knowledge with technical expertise, Deloitte GFSI is a far-reaching network of practitioners around the world who offer their expertise and experience to the world's leading financial services enterprises. We understand the changes in the financial services industry, and we care for your needs, whether it is in banking, insurance or investment management.
Deloitte GFSI practice overview
- Represented in more than 40 countries
- With 2,880 dedicated partners and encompassing a network of more than 23,700 professionals
- Combines assurance, tax, consulting, and corporate finance expertise as part of an effective network
- Of the top global FSI companies ranked by market capitalization, we audit:
- 25 percent of the top 20
- 23 percent of the top 50
- 21 percent of the top 100
- 19 percent of the largest 250 FSI companies globally
- Of the Fortune Global 500, Deloitte serves 83 percent of financial service companies listed on the Fortune Global 500:
- Audit penetration among Fortune Global 500 is 22 percent
- Significant Non-audit client penetration is 61 percent
Our GFSI practice in China
- A team of nearly 1,100 practitioners, including more than 70 partners
- Local professionals with global resources, assisted by many expatriate partners in our GFSI practice residing in both Hong Kong and Mainland China
- Our Hong Kong practice is one of the GFSI Asia Pacific Centers of Excellence
- Of the top FSI companies in mainland and Hong Kong, we provide professional services to:
- All of the "Big Four" state-owned banks
- China's largest joint-equity bank
- Two of China's three policy banks
- Several other joint equity banks and city/rural commercial banks
- The largest securities firm in mainland China
- Two of the four largest state-owned asset management companies in mainland China
- Three of the four largest insurance companies in mainland China
- Three of the largest multinational securities/brokerage operations in Hong Kong
- Seven of the world's Top 10 banks with operations in Hong Kong
Deloitte refers to one or more of Deloitte Touche Tohmatsu Limited, a UK private company limited by guarantee, and its network of member firms, each of which is a legally separate and independent entity. Please see www.deloitte.com/cn/en/about for a detailed description of the legal structure of Deloitte Touche Tohmatsu Limited and its member firms.
