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.

Our Services
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.

Over the past 18 years, ScanAsia has been providing the following services for its clients:

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
• Training your local accountants

We also assist our clients with the business licence application process (often in cooperation with Vinge), recruitment, strategic planning and tax advice.

Financial Management
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 tax planning, audit preparation, cost breakdowns for budget work and general advising.

Please feel free to contact our Managing Director, Mr Staffan Lofgren, on staffan@scanasia.com 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.

References
China

• Svenska Handelsbanken in Shanghai
  Mr Johan Andren, Manager. Tel: +86 21 3313 0861
• Mannheimer Swartling Advokatbyrå in Shanghai
  Mr Ulf Ohrling, Partner. Tel: +86 21 6141 0980
• Advokatfirman Vinge in Shanghai
  Ms Gu Qun, Partner. Tel: +86 21 5382 0196
• China Production Partner Group
  Mr Jesper Jos Olsson, CEO. Tel:+ 86 21 6406 7979
• Bamboo Business Communications
  Mr Jan Hokerberg, Managing Director. Tel: +852 2838 4553
• Perstorp China
  Mr Tommy Liu, General Manager. Tel: +86 10 6761 3478

Hong Kong

• Consul General of Sweden
  Mrs Boel Evander. Tel: +852 2521 1212
• Svenska Handelsbanken in Hong Kong
  Mr Goran Stille, Branch Manager. Tel: +852 2868 2131
• Mannheimer Swartling Advokatbyrå in Hong Kong
  Mr Thomas Lagerqvist, Partner. Tel: +852 2526 4868
• Advokatfirman Vinge, Hong Kong branch
  Mr Bjorn Aschan, Partner. Tel: +852 2523 6149
• Swedish Chamber of Commerce
  Mrs Eva Karlberg, General Manager. Tel: +852 2525 0349
• Haldanes Law Practise
  Mr Stephen Terry, Solicitor. Tel: +852 2868 1234
• Contemporary Art Ltd
  Mr Carl Flach. Tel: +852 2877 2733

Sweden

• Selected Performance AB
  Mr Magnus Claesson, VD. Tel: +46 31 20 38 38
• Advokat Mats Boquist AB
  Mr Mats Boquist, Partner Tel:+46 586 659 90
• Scanacon AB
  Mr Sven Hedman, CEO. Tel: +46 8 5648 2300
• Pricer AB
  Mr Jan Forssjo, Managing Director. Tel: +46 705 166 280