Ernst & Young – Advising Chinese enterprises in the ASEAN and MENA regions
EY attaches great importance to the “One Belt, One Road” market, and its China Overseas Investment Network (COIN) spans ASEAN, South Asia, Middle East, Russia and Commonwealth of Independence States (CIS), Africa and Europe along the Belt and Road, providing one-stop services in assurance, tax, transaction and advisory areas. With its unique geographical advantage, outstanding bilingual skills and a high level of professional service, EY Hong Kong coordinates its Chinese and overseas teams together with integrated resources to provide an efficient and high quality service. EY Hong Kong has posted large numbers of its professionals on the Chinese mainland as well as in global locations to strengthen its services for Chinese enterprises.
EY has assisted a leading provider of automation and control technologies and applications based in China to acquire a group of companies based in Southeast Asia that provide mechanical and electrical solutions for industrial automation and rail transportation industries. Following the acquisition, its client has established a strong foothold in the fast growing Southeast Asia industrial automation and rail transportation fields, as well as leverages on a readily available channel to cross sell their existing products in this region. This transaction also allows its client to access a pool of capable, multilingual and professional workforce particularly in Singapore and Malaysia.
EY COIN network in the Middle East and North Africa (MENA) region also assists Chinese clients in different tax areas including transfer pricing development, local tax compliance and other tax operation matters. For instance, they provided full support to a Chinese energy enterprise with regional head office in the UAE for tax compliance and regulation in MENA region, which has driven the enterprise to reduce cost whilst at the same time demonstrating high value-added to its key business activities.