Shanghai's rise to the forefront of China's economic miracle only began in the 1990s. Massive central government investment in the city ensured that it is now the largest and one of the most economically developed cities in the People's Republic of China. Due to its strategically favorable location by the sea, the city has been shaped by international influences; this is also reflected in the city's architecture today. As a result, Shanghai is also considered the most cosmopolitan of China's megacities. The perfect connection through its port, two airports and a dense railroad network to national and international freight traffic creates ideal conditions for companies in the automotive, chemical, pharmaceutical, steel and mechanical engineering industries. To the north of the city lies the Yangtze River Delta, which provides fertile soil and a good climate. This makes Shanghai's surrounding area an important center of Chinese agriculture. In addition, Shanghai is considered the center of the textile industry and China's most important financial metropolis after the Hong Kong Special Administrative Region. Through enormous government investment in the banking sector, Shanghai has been actively built up as a business and financial metropolis and has since competed with Hong Kong for first place as China's financial capital. The Shanghai Stock Exchange opened in 1990 and is the most important stock exchange in mainland China. Internationally, the city is playing an increasingly important role as a global financial metropolis. In the ranking of the most important financial centers, it is surpassed only by New York and London.
Companies in a rapidly growing and diverse location like Shanghai need a reliable partner who can answer questions in the areas of auditing, tax consulting, legal consulting and management consulting in a competent, understandable and practical manner. This is exactly the partner you will find in RSM Ebner Stolz Neumann Wu. We are a team of professionals offering personalized services in the areas of auditing, accounting and tax consulting for international clients operating in China. In Shanghai, our experts are there to assist you, and they can also call on other colleagues from other RSM Ebner Stolz locations as needed.