The 'Alliance', consisting of six trade associations and professional membership bodies under a unified collaboration, officially launched a full-scale Professional Services (PS) Centre in Shanghai.
The centre will act as a collaborative platform for knowledge exchange, talent support, thought leadership, and business development, especially for firms seeking new opportunities in China.
The Institute of Singapore Chartered Accountants (ISCA), the Association of Small & Medium Enterprises (ASME), the Institute of Valuers and Appraisers, Singapore (IVAS), the Singapore Manufacturing Federation (SMF), the Tax Academy, and The Law Society of Singapore together represent a network of over 30 industries, from manufacturing, electronics, energy and lifesciences to finance, technology, F&B, logistics, legal, tax, accountancy and valuation.
According to a press release, the professional services centre caters to the long-term vision of building up to 10 PS Centres globally under this collaborative initiative with its founding partners, in a bid to expand Singapore's professional services ecosystem into China through a permanent, on-the-ground presence.
The PS Centre enables end-to-end support for businesses entering new markets covering legal, tax, valuation, accounting, and advisory needs; shared resources, know-how, and networks for greater operational efficiency and collective strength; and broader regional footprint and deeper market penetration across Southeast Asia and beyond.
Further, the centre is built around three overarching focus areas:
- A Conduit for International Expansion
Acting as a hub for firms, trade associations, and partners seeking to expand overseas. By connecting them to a curated network of region-specific experts and local partners, firms gain tailored guidance and services to navigate new markets confidently. - Business Enablement
The PS Centre provides business opportunities for ISCA Corporate Members and a wide community of professional services firms, including those in accounting, tax, legal, business valuation and corporate advisory. It offers an in-market presence, local expertise, and collaboration spaces for sustained engagement. - Fostering a Regional Ecosystem
Serving as a platform for cross-border knowledge sharing, strategic networking, thought leadership, and innovation - laying the groundwork for robust, long-term professional partnerships and a future-ready business community across Asia.
