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Carmine Di Sibio: Innovative ecosystem to help Guangdong reach the next level

2017-September-23       Source: Newsgd.com

In attending the ICCFED 2017 on September 21 it was the first time that Mr. Carmine Di Sibio, advisor to Guangdong Governor and the global partner client management service, Ernst & Young (EY), has visited Guangdong. In an interview conducted on the same day, Mr. Carmine expressed his thoughts about how the province can progress to the next level by creating an ecosystem around innovation.

Mr. Carmine Di Sibio, global managing partner-client service of Ernst & Young, was interviewed by Newsgd.com and other media. [Photo by Jasmine]

What are your comments on Guangdong's plan to develop an international, market-oriented and law-based business environment? What else can the province do better?

Mr. Di Sibio: I actually think Guangdong has a huge advantage in infrastructure when compared with other developed areas like San Francisco and New York.

The province has infrastructure in place like railways and bridges and keeps making plans to further develop infrastructure.

I think it is important that laws are in place to make investing easier and more flexible, while people are deterred from breaking those laws.

Besides laws, you should also have different incentives, like tax-concessions, to attract talent and to create a better business environment.

Could you introduce EY's future plan in Guangdong?

Mr. Di Sibio: We continue to hire 15%-20% new employees in our Guangzhou and Shenzhen offices every year. We will continue to invest in China in a big way through EY's strength of connectivity: both global and local. In general, our practices have grown up locally (in Guangdong).

Further information

EY is a global leader in assurance, tax, transaction and advisory services. EY's Guangzhou office and EY Hua Ming LLP Guangzhou Branch were established in 1994 and 2006 respectively. The office building, located in Zhujiang New Town, Tianhe District, was named the "EY Tower" in 2011.

(by Will, Editor: Olivia, Simon)

Editor: Will

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