Big four firms plan boost to China staff – Barney Jopson

From the Financial Times:

The big four accountancy firms are planning to boost their staff numbers in China by more than 20 per cent this year as they grapple with staff shortages that threaten attempts to boost investor confidence in the domestic stock market.

Demand for international accounting expertise is soaring in China as giant state-owned enterprises seek listings overseas, smaller domestic companies prepare to adopt new accounting standards, and the Chinese subsidiaries of foreign companies continue to grow.

PwC, the biggest firm, has the most ambitious plans, aiming to add 1,550 graduates and 500-700 experienced people to its combined Hong Kong and China staff of 6,450. [full text]