Da Hua is one of the first Chinese accounting firm founded along with the reform and open-up of China and the reconstruction of the CPA industry. In the October of 1985, as initiated by Shanghai Finance Bureau and Shanghai University of Finance and Economics, Prof. Lou Erxing and Prof. Xu Zhengdan, two highly-recognized masters in the accounting sector, co-founded Da Hua, and led the firm to a steady development track by the spirit of professionalism and devotion.
Da Hua decoupled from Shanghai University of Finance and Economics in 1998 for the purpose of restructuring, as required by relevant national policies, and earned a good reputation in China's capital market following specialization and marketization. After that, the total assets scale of the listed companies audited by Da Hua ranked first in China for three years in a row.
In 2009, in response to the government instruction to achieve the goal of improving the size and quality of CPA teams, some top accounting firms in China were merged to strength the comprehensive service capability and quality. The brand of "Da Hua" was reenabled in 2011 accordingly. It completed its transformation to a limited liability partnership in 2012, and then joined the global network of Moore Global in 2013.
Adhering to its strategy of professionalization, diversification and internationalization, Da Hua has developed to a comprehensive service brand with market influence and reputation. In the annual Top 100 Accounting Firms announced by the CICPA, Da Hua has ranked among the top 10 for 10 consecutive years.
