The service
Helping your company extract valuable insights from financial data is the crucial factor of Hongda’s CFO outsource services, simplifying the strategy planning process from ‘essay questions’ to multiple-choice questions, and shifting your business in China from ‘intuitive thinking’ to ‘data-driven thinking’.
Responsible for conducting financial planning, defining taxation strategies, managing internal control, and legal compliance, and sometimes making investment decisions and managing the capital structure, a qualified CFO plays an important role that should never be ignored.
Experienced CFOs of international enterprises who handle cross-border investments have a good understanding of how to apply International Financial Reporting Standards (IFRS) to manage Chinese accounting. They are adept at integrating local financial software data into the enterprise’s internal financial systems.
Bookkeeping or CFO?
Traditional bookkeeping services focus on the essential daily financial history and tax reporting, where the transactions of your company are recorded. These services can be standard as the processes and requirements are much similar.
CFO outsourcing, on the other hand, emphasizes the importance of financial management and planning in advance, designed to manage the more complex financial aspects of your company. A well-established financial management framework can support your company’s strategic decision-making, providing customized solutions with deep insights into the operations of your company in China.
Why consider it
Considering the importance of a CFO to your business operation in China, there are several reasons to choose CFO outsourcing services:
If your team is making China operating decisions without reliable monthly numbers, contact Hongda to discuss whether outsourced CFO support is the right layer above bookkeeping.
How it works
Quick answer: CFO support runs in four stages: review, records, risk coordination and entity planning. Select a stage for detail.
Stage 1 of 4
Review reporting routines, cash-flow visibility, and management-accounting gaps.
Stage 2 of 4
Connect finance controls with China bookkeeping support so the underlying records can support decisions.
Stage 3 of 4
Coordinate budget, tax, and compliance questions through China tax risk review when the numbers show risk signals.
Stage 4 of 4
Support entity planning and finance handover where WFOE registration in China or operational expansion is involved.
Hongda helps management see the finance picture more clearly.
How the service works
Our team of professional accountants, tax, and payroll personnel provides effective outsourcing services for your individual business operation in China.
We select the most suitable financial management software and systems for you and produce financial reports tailored to your business circumstances. Additionally, we offer multilingual services to meet your needs, including English, Mandarin, and Cantonese.
Our service team comprises professionals from diverse backgrounds who are closely related to your company’s financial management, including CPAs, tax consultants, and lawyers. They collaborate to strategize for your company’s management so you don’t have to repeatedly communicate with different consultants.
Whether your company in China is just a startup or has grown into a large publicly-listed entity, we provide personalized, flexible solutions tailored to your company’s size and specific needs.
Fees and fit
The fees for CFO outsourcing are typically calculated in the following ways:
The most suitable method will be determined based on your specific needs and company size.
CFO outsourcing is suitable for various types of companies, especially:
Why Hongda
Coordinate finance oversight with the accounting and tax work around it, with one China-based service team.
Serving foreign companies in China since 2007, with client relationships that go back to 2008.
Company setup, banking, tax, payroll and work permits coordinated by one team.
English-language project management with a China-based team in seven locations.
We confirm the scope before work begins and say which decisions rest with authorities or banks.
Client voices
Travis Perkins
David Finch BA ACMA CMIIA CAMA
Director of Group Business Risk & Assurance, Travis Perkins PLC
With Hongda since 2008
Travis Perkins PLC (a leading builders merchant in the UK) has been using Hongda Business Services since 2008 for accounting and professional services. Throughout this time, we have found the team at Hongda to be very helpful and professional in their dealings with us. We look forward to working with the company in the future.
Sound United
Jack Peng
Vice President, Asia Pacific, Sound United
With Hongda since 2013
Sound United (a leading designer and manufacturer of consumer audio products in the US) has been using Hongda Business Services since 2013. Moving one’s operations to China is not a small task, but Hongda’s expert services helped us set up a company and deal with tax issues so we could get on with growing our business in no time at all, and that’s why we continue to use them today.
Tulip Pacific Ltd.
Erik de Waard
Director, Tulip Pacific Ltd.
With Hongda since 2012
Tulip Pacific Ltd. (Business planning and interim financial management services) has been using Hongda Business Services since 2012. Hongda has helped us set up legal entities in China/HK and takes care of our annual company audits. They are the most efficient business service provider I have worked with to-date, and their professional advice has helped me better advise my own clients and provide greater value to my overall business.
Your team
Meet the three chief consultants at Hongda, including founder Angel Ho and co-founder Bobby Lee.
Chief Consultant, CEO
Founder of Hongda in 2007. Holds Chinese Tax Agent, IPA (Australia) and IFA (UK) certificates. Provides one-stop services covering market access, company establishment, financial settlement, financial and tax consultation, and human resources management.
Chief Consultant
Co-founder of Hongda. Many years of corporate legal consultancy and involvement in managing client enterprises. Familiar with tax, personnel and project management work across Guangdong, Hong Kong and Macau. Excellent English communication skills.
Chief Consultant
24 years in enterprise management, business development, and financial and tax compliance. Has provided financial and tax advisory services for hundreds of companies. In-depth learning and practical experience in IFRS (International Financial Reporting Standards), Generally Accepted Auditing Standards and International Taxation.
It is suitable for growing companies, cross-border groups, and SMEs that need senior finance oversight but are not ready to hire a full-time CFO in China.
Bookkeeping records transactions and filings. CFO support helps management interpret numbers, review controls, plan cash flow, and connect finance work with business decisions.
Hongda can help review reporting routines, cash-flow visibility, budgeting needs, tax coordination, and finance-control gaps that affect management decisions.
Consider it when reporting is late, cash flow is hard to read, budgets keep changing, or the China finance function needs a senior review layer.
Yes, CFO outsourcing services can be tailored to meet the needs of companies of all sizes. Whether it’s a small business or a large multinational company, outsourced CFOs can offer customized services to address the company’s specific financial challenges.
Generally, CFO outsourcing does not affect a company’s financial independence or control. The outsourced CFO still works in alignment with the company’s senior management and strategy, and the company retains final control over financial decisions. The role of the outsourced CFO is to provide support and advice, rather than make decisions on behalf of the company.
Contact our team
Share your plans, structure and timing. We confirm the scope with you before any work starts.
