ComplianceAsia opens Shanghai office on high demand

Independent compliance consulting firm ComplianceAsia announced the opening of its first Chinese mainland office in Shanghai on Monday, addressing the market's rising demand for compliance advice.

According to CEO Philippa Allen, the consulting firm will be providing services covering rules and regulations, policies, procedures, regulatory filings, compliance training and general advice in other countries when Chinese mainland financial institutions enter new markets.

Allen said, prior to the opening of the Shanghai office, ComplianceAsia already had a large number of Chinese mainland clients with operations outside China, as well as international companies with plans to move into China. But such operations used to be conducted via its Hong Kong office.