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Deloitte plans to increase its numbers

By Zheng Lifei (China Daily)
Updated: 2006-09-12 08:33

Deloitte's existing client base in China is dominated by multinational companies operating in the country, but this varies according to the service.

For example, Lu said, about 70 per cent of its tax customers are multinational companies, while about 65 per cent of its corporate financing customers are foreign firms.

But he said Deloitte is luring more and more Chinese companies.

"We could only achieve our six-year strategy by having the right balance of both local domestic firms and multinational companies and being able to provide valuable services to them," Singh said, referring to his firm's ambitious goal to become the best service provider, a roadmap announced three years ago.

The company announced three years ago it would invest US$150 million in China over the next few years, which Singh said "is the biggest and most significant" global investment the firm had ever made in a single market.

The investment, which mainly goes to recruitment, training and resources, is "well on track," said Singh.

Global CEO Bill Parrett said last year that the professional services firm planned to build China as its second-largest market by 2010 and the largest by 2030.