Under Managing Director Raymond Cheng, HLB Hodgson Impey Cheng Limited has continued to grow from a modestly sized outfit into one of Hong Kong’s leading accounting firms. It is currently ranked number six in terms of the number of listed companies it audits, and fifth in the Hong Kong IPO reporting accountant market, having completed 14 successful IPOs in 2017.
“HIC is a firm large enough to give clients a comprehensive range of business and financial advice, and international enough to help our clients meet their needs throughout Asia and worldwide,” Cheng said. “Yet we make every effort to ensure we offer a truly personal service.”
The Chamber’s business network that includes listed companies and multinational corporations is what attracted HIC to join in 1995.
“HIC has always maintained an international outlook,” Cheng said, adding that it has been a member of HLB International, a network of independent accounting firms and advisers, since 1983.
Today, the firm is keeping a close eye on current developments in the Mainland and beyond, which are expected to create many openings for Hong Kong companies.
“Looking ahead, Hong Kong is well positioned to capitalize on the financial services opportunities presented by the Belt and Road Initiative,” Cheng said. “We and other professional service providers in Hong Kong will need to equip ourselves to embrace changes and seize opportunities brought about by the Belt and Road Initiative and the prosperity of Mainland China.”
Cheng qualified as a chartered accountant with a “Big Four” firm in London, before being transferred to the Hong Kong office. He joined HIC in the mid-1990s, was admitted as a partner while still in his twenties and became Managing Director in 2010.
Cheng is also highly active in the local accounting community and in providing public services in Hong Kong and the Mainland. For example, since 2010 he has served as an elected member of the Council of the Hong Kong Institute of Certified Public Accountants, playing an important role in raising public awareness of auditor regulatory reform and leading discussions to reflect the concerns of the accounting profession in the city.
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