Hong Kong office expands capacity and continuity of services across MarcumAsia’s mainland China and Singapore offices, leveraging the firm’s more than 25 year track record in China
NEW YORK & HONG KONG–(BUSINESS WIRE)–#AUDIT—Marcum Asia CPAs LLP (MarcumAsia) announced the opening of its newest Asia-based office in Hong Kong. This expansion supports its growing practice of clients across China and the rest of the Asia region seeking access to global capital markets through an Initial Public Offering (IPO) or Special Purpose Acquisition Company (SPAC) merger.
MarcumAsia has a 25 year track record focused on the region, which includes five cities across mainland China and Singapore.
“The United States remains the gold standard for many Asia-based companies seeking access to capital and increased scale,” said Drew Bernstein, co-chairman of MarcumAsia. “The Hong Kong office is a natural extension of the firm as more clients across mainland China and Southeast Asia navigate their growth path, including U.S. listing goals.”
The Hong Kong office, with a capacity for 50 people, is located in the International Commerce Centre in Kowloon, Hong Kong.
“As Southeast Asia grows as a pathway to U.S. markets, our English-speaking staff in Hong Kong will partner with the Singapore team to serve this important region,” Bernstein added. “With China’s IPO regulatory environment improving over the last year, China approved 72 applications to list in New York or Hong Kong In 2023. We expect this year may be even better as major firms like Shein and Zeekr seek overseas listings,” Bernstein continued.
The firm’s expansion in Hong Kong is driven by increasing demand for its audit and advisory services including a dedicated SPAC team for Asia. MarcumAsia is an integrated ‘one-firm solution’ to provide audits that are U.S. GAAP and PCAOB-compliant, backed by a team with high-level technical proficiency and extensive experience in the region.
“As we expand into Hong Kong, we are committed to excellent client service. This includes meeting and exceeding expectations for accuracy, quality and efficiency as well as overall responsiveness,” said Charles Yin, Managing Partner and CEO of MarcumAsia.
In Southeast Asia, MarcumAsia serves as the independent public accounting firm for companies listed in the United States through an IPO or merger with the U.S.-listed SPAC. Additionally, the firm offers non-audit consulting services for SPAC managers and operating companies listed on the Singapore or Hong Kong Stock Exchanges.
“Given the complexities of United States and Asia market rules, we invest in the development of our teams through ongoing training in audit procedures, SEC accounting issues, and PCAOB audit quality standards,” said Neil Pinchuk, co-founder and co-chairman of MarcumAsia. “We will extend these standards to our new Hong Kong staff with oversight by our diligent regional partners,” Pinchuk concluded.
ABOUT MARCUM ASIA CPAS LLP
MarcumAsia is an independent public accounting firm with a strong focus on cross border services for public and private companies. With more than 25 years of expertise, the firm is one of the leading providers of audit and assurance services to Asian companies listed on the U.S. stock markets.
Office locations: China, including Beijing, Shanghai, Guangzhou, Hangzhou, Tianjin, Singapore and Hong Kong.
Advisory services: M&A transactions, EB-5 investments, asset and real estate purchases, and international tax strategy and compliance.
The firm was formed in January 2011 as a joint venture between Marcum LLP and Bernstein & Pinchuk LLP. MarcumAsia is registered with the Public Company Accounting Oversight Board (PCAOB). The firm manages coordination between Securities and Exchange Commission (SEC) and major stock markets including New York Stock Exchange and the NASDAQ.
Rachel Gerber Kule
Founder, Managing Partner | PURSUIT PR