Shanghai Certified Public Accountants (Special General Partners)

What Shanghai Certified Public Accountants (Special General Partners) does

Shanghai Certified Public Accountants (Special General Partnership), commonly known as Shanghui (上会) or SCPA, is a privately held Chinese accounting partnership founded in 1981 as the first accounting firm pilot in China under the Ministry of Finance. Operating under a Special General Partnership (特殊普通合伙) legal structure with headquarters in Shanghai, the firm provides audit and attestation, capital market services (IPO, M&A, due diligence, New Third Board), management consulting, tax services, legal/liquidation, and enterprise valuation to listed companies, financial institutions, state-owned enterprises, and IPO candidates. It operates 26 branch offices across China with 1,900+ total employees and 500+ Certified Public Accountants, ranking 15th nationally in CICPA's 2023 comprehensive evaluation.

Revenue is generated through engagement-based professional service fees across six service lines, with audit work representing the largest segment (FY2024 audit revenue of RMB 479 million out of total RMB 683 million in business income). Securities/capital market services contributed RMB 204 million in FY2024. The firm is now expanding into AI-enabled intelligent financial audit innovation through its Nexvalue Future Value team, which combines financial audit expertise with data science, AI, and blockchain capabilities to deliver eight technology-enabled service lines including business-finance digital transformation, AI governance, data asset consulting, and trusted data infrastructure. The firm has integrated blockchain-based bank confirmation platforms and is building out an AI+OA digitalization platform leveraging Fanwei OA infrastructure.

The firm pursues an enterprise field sales GTM targeting large state-owned enterprises, listed companies, and IPO candidates. In December 2024, Shanghui joined PrimeGlobal, one of the world's top-3 international accounting alliances spanning 115+ countries and 310 member firms, enabling cross-border service delivery. The firm has already executed 20+ cross-border projects across 50+ countries since joining the alliance. Client engagement is direct through headquarters and 26 branches, with each branch led by a designated managing partner.

Name

Shanghai Certified Public Accountants (Special General Partners)

Legal name

上会会计师事务所（特殊普通合伙）

Website

https://scpa.com.cn

Company type

Private

Founded year

1981

Operating status

Operating

Headcount range

1–10 employees

Short description

Shanghai Certified Public Accountants (Special General Partnership) is a 1981-founded Chinese accounting firm operating 26 branches with 1,900+ employees, serving listed companies, SOEs, financial institutions, and IPO candidates across audit, capital markets, tax, and advisory services.

Ownership category

akta.pro rank

Product category

Audit and Assurance Services

NAICS

Offices of Certified Public Accountants (541211), Other Accounting Services (541219)

akta.pro primary industry

Fraud Risk Management & Anti-Bribery/Anti-Corruption (ABAC) (BPAHAFAL)

Keywords

• Audit assurance services
• Capital market advisory
• Enterprise valuation services
• Tax consulting services
• IPO advisory services

Headquarters

HQ city

Shanghai

HQ country

China

HQ region

Asia

Offices27 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure, Others

Revenue model

1. 审计鉴证服务: Core revenue stream including group financial statement audits, listed company audits, financial industry audits, internal control audits, economic responsibility audits, tax verification, and foreign/跨国 enterprise audits. This is the primary professional services business.
2. 资本市场服务: IPO services, New Third Board services, M&A and financing advisory, due diligence — serving companies seeking capital market access.
3. 管理咨询: Internal control and risk consulting, network security consulting, AI security compliance consulting, intelligent financial audit innovation business (Nexvalue team).
4. 税务服务: Tax consulting, accounting outsourcing, tax verification services.
5. 法务与清算: Accounting judicial expertise appraisal and bankruptcy administrator services.
6. 企业估值: Enterprise valuation, asset valuation, real estate and land valuation.

Pricing tiers

Go-to-market motion1 record

Distribution channels2 records

Marketing channels6 records

Core offering

Shanghai Certified Public Accountants (SCPA) is a Special General Partnership accounting firm providing six integrated professional service lines: audit and assurance (group financial statements, listed company, financial industry, internal control, economic responsibility, and tax verification audits), capital market services (IPO, New Third Board, M&A and financing advisory, due diligence), management consulting (internal control, network security, AI security compliance, and intelligent financial audit innovation), tax services, legal and liquidation (forensic accounting and bankruptcy administration), and enterprise valuation. The firm serves listed companies, financial institutions, state-owned enterprises, and IPO candidates across China through 26 branch offices.

Product overview

Shanghai Certified Public Accountants (Special General Partnerships) operates as a comprehensive professional services firm offering audit and assurance, capital market services, management consulting, tax services, legal and liquidation, and enterprise valuation as its six core service lines. The firm has recently expanded into AI-powered intelligent financial audit innovation through its Nexvalue Future Value team, providing 8 technology-enabled service areas. The "Hui" Lecture Hall online learning platform supports internal knowledge management and staff development. All services operate under a unified quality management system (5101 standard) with 26 branch offices nationwide.

Differentiator

Problem solved

Functional benefit

Brands

• Nexvalue未来价值团队: A cross-disciplinary team specializing in intelligent financial and audit innovation services, integrating expertise in financial auditing, data science, artificial intelligence, and blockchain technology. Provides comprehensive services including business-financial digital transformation, data asset consulting, intelligent risk control, and AI governance.
• 会讲堂

Products and services

• Audit and Assurance (审计鉴证)
• Capital Market Services (资本市场服务)
• Management Consulting (管理咨询)
• Tax Services (税务服务)
• Legal and Liquidation (法务与清算)
• Enterprise Valuation (企业估值)
• Nexvalue Future Value Team - Intelligent Financial Audit Innovation (智能财审创新业务)

Quantifiable outcome

• Served dozens of listed companies as annual auditors; currently serving dozens more as prospective listed companies
• +3 more outcomes

Named customers17 records

Segments5 records

Ideal customer profiles5 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability10 records

Feature4 records

Partnerships

One partnership is on record.

• PrimeGlobalcoreStrategic or Co-development Partner · 12 December 2024上会 formally joined PrimeGlobal on December 12, 2024. PrimeGlobal is one of the world's top 3 international accounting firm and consulting institution alliances, with 310 member firms across 115 countries and 1,200+ service locations, generating $5.4 billion in annual revenue as of 2023. The partnership enables 上会 to serve Chinese clients going abroad and international clients in China through the global network, having already handled 20+ cross-border projects across 50+ countries.

Scale indicators16 records

Recent moves11 records

Expansion highlights5 records

Direct peers

• Daxin Certified Public Accountants: Beijing-headquartered CPA firm (大信) ranked among China's top 15, with comparable audit, IPO advisory, and SOE/government audit practices. Directly competes with SCPA for listed-company audit and capital-market mandates in northern China.
• Da Hua Certified Public Accountants: Top-10 Chinese CPA firm (大华) with national branch coverage and full securities qualification. Comparable to SCPA in audit, capital-market services, and management consulting offered to listed companies and SOEs across multiple Chinese provinces.
• ZH CPA (Zhonghui): Hangzhou-headquartered CPA firm (中汇) ranked in the top 15 among Chinese firms. Directly comparable to SCPA in audit, IPO advisory, valuation, and asset-management-adjacent advisory services; similar multi-branch service model.
• Zhongshen Zhonghuan (Zhonglei) Certified Public Accountants: Mid-tier Chinese CPA firm with securities qualifications and active in audit, IPO advisory, and tax services. Comparable in scale, talent pool (500+ CPAs), and target client mix of listed companies and IPO candidates.
• ShineWing Certified Public Accountants: Top-tier Chinese CPA firm (信永中和) with comprehensive audit, tax, advisory and IPO practices, and an international footprint through its ShineWing International network. Closely mirrors SCPA's diversification across audit/IPO/valuation/consulting and strong securities license heritage.
• BDO China (Lixin Certified Public Accountants): One of China's largest domestic accounting firms (also known as 立信会计师事务所), ranked in the top 10 by revenue and with extensive nationwide branch coverage. Directly comparable to SCPA in business mix (audit, IPO advisory, tax), specialization in SOE audits, and securities-qualification status.
• Pan-China Certified Public Accountants (Tianjian): Major Chinese CPA firm (天健) consistently ranked in the top 10 nationally. Closely comparable to SCPA as a Hangzhou-headquartered firm focusing on listed-company audits, IPO advisory, and asset valuation for SOEs and listed firms.
• RSM China (Ruihua): China arm of RSM International (瑞华) and one of China's largest accounting firms. Comparable in securities qualifications, IPO advisory expertise, and broad multi-industry audit practice. Direct competitor for listed-company and SOE audit engagements.
• Grant Thornton China (Zhi Tong): China member of Grant Thornton International (致同), a top-15 Chinese CPA firm with similar service breadth across audit, IPO, tax, and consulting. SCPA's PrimeGlobal membership creates indirect alliance overlap; both firms target mid-cap and large listed-company audits.

Broad incumbents

• Crowe (HK) China Practice: International accounting alliance (Crowe Global) with Chinese member firms providing audit, tax, and advisory. Comparable to SCPA's broader service model and to its international-alliance partnership approach via PrimeGlobal, though typically larger in international segment.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/shanghai-certified-public-accountants-special-general-partners

Revenue estimate

Valuation estimate

Number of profiles

Profiles14 records

Subsidiaries26 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Shanghai Certified Public Accountants (Special General Partners)