ScanAsia Consulting Ltd was founded in 1989 by Mr Staffan Lofgren to assist small and medium-sized European companies in the areas of Financial Management and China establishment.
Today, we have offices in Hong Kong, Shanghai and Beijing and we undertake up to 40-50 assignments at any given time, offering highly personalized services.
Most of our assignments are referred to us by existing clients, law firms, Scandinavian banks and Chambers of Commerce.
In addition to our consulting work, we operate two subsidiaries - Tenderloin and Viking, and we manage the financials for Bamboo which is 50% owned by us.
Generally speaking, we are the alternative to employing a Chief Financial Officer, placing someone from head office in your HK/China operation or hiring one of the large international firms to assist you.
Considering the costs involved in any of the above scenarios, our solution is less expensive and we believe that our combined knowledge of Chinese, International and European accounting and financial control procedures is difficult to match.
Here are a few examples of the services we provide to our clients:
Over the years, ScanAsia has entered into Equity Partnerships with clients who considered such form of cooperation more economical and efficient than a consultant/principal relationship, especially if the client does not have extensive China knowledge and limited management resources for the China establishment.
ScanAsia would then act as the administrative and financial local manager.
Sometimes this Partnership agreement comes with a call option for the client to buy
back the shares after certain goals have been reached.
Financial Due Diligence
When a client acquires a Chinese operation or, more commonly, the assets and goodwill of a Chinese operation, ScanAsia analyzes and presents the financial data in a way that enables the buyer to make an informed decision about the acquisition price, payment structure, management strategy etc.
We have also carried out internal Due Diligences on ongoing operations in which the management suspects fraud or mismanagement by local managers.
Start-up and Implementation
When starting up a Representative Office, Joint Venture or Wholly Foreign Owned Enterprise, ScanAsia builds the Financial Department by:
- Selecting the Chinese accounting software
- Proposing the Chart of Accounts and report formats
- Assisting in employing suitable accountants and auditors
- Transforming Chinese accounting standard (in characters) to English, Hong Kong or your own standards
- Recruiting and training of your local accountants
When the accounting and reporting system is up and running, ScanAsia takes up the function of Financial Controller or CFO, thus limiting the in-house number of employees in the Financial Department to a few accountants and cashiers. Our Beijing or Shanghai staff will translate your Chinese accounts into English standard, carry out basic financial control functions and eliminate errors on a monthly basis. The financial statements are then sent to Hong Kong for final analysis and transformation into your own reporting format, if required.
Our services also include strategic China planning, tax planning, audit preparation, cost breakdowns for budget work and general advising.
Please feel free to contact our Managing Director, Mr Staffan Lofgren, on firstname.lastname@example.org to discuss your specific situation without any obligation.
And please do not hesitate to contact any of the references listed below, should you wish to.
- Svenska Handelsbanken in Shanghai
Mr Johan Andren, Manager. Ph: +86 21 3313 0861
- Mannheimer Swartling Advokatbyrå in Shanghai
Mr Ulf Ohrling, Partner. Ph: +86 21 6141 0980
- Advokatfirman Vinge in Shanghai
Ms Gu Qun, Partner. Ph: +86 21 5382 0196
- China Production Holding Group
Mr Jesper Jos Olsson, CEO. Ph: +86 10 8571 2688
- Bamboo Business Communications
Mr Jan Hokerberg, Managing Director. Ph: +852 2838 4553
- LC-Tec International (Shenzhen) Co Ltd
Mr Peter Grufman, CEO. Ph: +86 755 8149 9996
- Eastwei Relations Ltd
Mr Johan Björksten, Director. Ph: +86 10 8565 3791
- New Wave Shanghai Ltd
Mr Magnus Claesson, Managing Director. Ph: +86 136 5162 0224
- Consul General of Sweden
Mr Lars Danielsson. Ph: +852 2521 1212
- Svenska Handelsbanken in Hong Kong
Stephen Chan, Head of Corporate Banking. Ph: +852 2868 2131
- Mannheimer Swartling Advokatbyrå in Hong Kong
Mr Thomas Lagerqvist, Partner. Ph: +852 2526 4868
- Advokatfirman Vinge, Hong Kong branch
Ms Katarina Nilsson, Resident Partner. Ph: +852 2523 6149
- Swedish Chamber of Commerce in HK
Mrs Eva Karlberg, General Manager. Ph: +852 2525 0349
- Haldanes Law Practise
Mr Stephen Terry, Solicitor. Ph: +852 2868 1234
- Contemporary Art Ltd
Mr Carl Flach, Managing Director. Ph: +852 2877 2733
- Mannheimer Swartling Advokatbyrå in Stockholm
Mr Sven-Åke Bergkvist, Partner. Ph: +46 8 505 765 00
- Advokat Mats Boquist AB
Mr Mats Boquist, Partner Ph: +46 586 659 90
- Cycleurope Industries
Mr Jan Forssjo, Director. Ph: +46 705 166 280
- Adovo AB
Mr Lennart Jonsson, Director. Ph: +46 702 992 130
- KTC AB
Mr Kenneth Strid, CEO. Ph: +46 31 734 1914
- Londrehatten AB
Roland Londre, VD. Ph: +46 33 290 130