Reanda International 2011 Annual Conference, Beijing, China

Reanda International's 2011 Annual Conference was held at the Beijing Hotel in Beijing, China on 13-15 December, 2011, attended by more than 30 delegates from Reanda network firms across China, Hong Kong, Japan, Malaysia, Macau, Australia and Cyprus as well as a guest CPA firm from India.

Themed "Cooperation and development", the conference was an important annual event for Reanda delegates to exchange ideas on furthering the cooperation within the Network. On 13 December 2011, the Conference opened with a welcome speech by Mr. Huang Jinhui, Chairman of Reanda International, followed by a signing ceremony held to admit Business Intellect Audit Pty Ltd as the network's new Australia member firm and HTT Audit Limited as the new Cyprus correspondent firm.

The meeting continued with Mr. Franklin Lau, CEO of Reanda International, presenting the network's performance for the year and strategies for the future. This was followed by a series of presentations by Reanda International network firms and the guest firm on their latest development and business opportunities available to Reanda firms. New network firms introduced themselves to their new Reanda colleagues and immediately started building relationships.

Day 2 of the conference included a panel discussion held at the offices of Chinese Institute of Certified Public Accountants (CICPA) and the Beijing Institute of Certified Public Accountants (BICPA) respectively. Reanda International was honored to have the high-level Chinese officials from the CICPA and BICPA to comment and share their perspectives on current industry practices, Chinese accounting industry going international as well as the strategic development of Reanda International.

Mr. Dong Xingang, Deputy Secretary General of CICPA and his fellows received the delegates of Reanda International. Mr. Dong has highlighted the new development trends of Chinese accounting industry in the adoption of new Chinese accounting standards that bring about substantial convergence with ISA and IFRS. Mr. Dong also endorsed the accomplishments of Reanda International Network over the year. He also encouraged Reanda International to continuously facilitate the growing of the Chinese accounting industry, while at the same time assisting its members to develop and build their firms.

Followed with the visit to BICPA, Mr. Guo Wenjie, President, Mr. Wang Jianxin, Secretary General and Mr. Wang Ning, Vice-secretary General of BICPA, welcomed the delegates to Beijing and introduced the development of the local accounting profession in Beijing. Following Mr. Guo's speech, a panel discussion also gave delegates more insight on the China Government and CICPA's directives on "Be Big and Be Strong" and "Going International" and how these developments might impact on members.

The remainder of the day included an interactive discussion session with the senior executives from the Metallurgical Corporation of China Ltd (MCC) at their headquarter office. MCC, a prominent client of Reanda China, is a leading multidisciplinary multinational company licensed by the China government investing in natural resources exploitation businesses. The MCC Group is the world's Fortune 500 enterprises. The Vice President & CFO of MCC, Mr. Li Shiyu warmly welcomed the Reanda delegates. Both the representatives of MCC and the Reanda delegates exchanged ideas and views on facilitating Chinese enterprises to conduct business in a global context.

On 15 December, 2011, the conference ended with a one day memorable tour to visit the Tiananmen Square, the Forbidden City and the Temple of Heaven of the city.

With the support from our members for sharing their invaluable insights and expertise, this came into a strong bonding amongst the network members to keep growing continuously despite the economy is so unpredictable and gloomy.

The panel discussion held on 14 December 2011 has also been reported by CICPA and BICPA respectively: (In Chinese only)
CICPA: http://www.cicpa.org.cn/topnews/201112/t20111223_31804.htm
BICPA: http://www.bicpa.org.cn/dtzj/hydt/B1324520003332131.html

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The 2011 Reanda International Annual Conference delegates pictured outside the Beijing Hotel in Beijing, China

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The signing ceremony to admit Business Intellect Audit Pty Ltd as the Australia member firm; Mr. Peter Polgar, Director of Business Intellect Audit Pty Ltd (left), Mr. Huang Jinhui, Chairman of Reanda International (right), signing the Member Firm Agreement

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The Signing Ceremony to admit HTT Audit Limited as the Cyprus correspondent firm; Mr. Adonis Theocharides, Director of HTT Audit Limited (left) and Mr. Huang Jinhui, Chairman of Reanda International (right), shook hands after the Signing Ceremony

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Reanda delegates taken photos with the Vice President & CFO, Mr. Li Shiyu (First row, 5th to the left) and other senior officials of MCC