A major win has been announced as KPMG Advisory (China) Limited has been confirmed as the winning bidder for a significant annual consulting project in Shanxi Province.

The Shanxi Provincial State-Owned Capital Operation Research Institute Co., Ltd. has officially named KPMG as the successful bidder for its annual consulting services project, with a contract value of 1.3 million yuan.

Contact details for the project have been released, with the tendering agent being Shanxi Provincial Tendering Co., Ltd., located at Floor 5, Building A, Longcheng Yihao, No. 97 Longcheng Street, Taiyuan. The designated contacts are Zhang Xin and Wang Quanwei.

Looking at the project scope, the successful bidder will provide a comprehensive range of advisory services over a one-year period. These services are designed to cover research into state-owned asset supervision policies, emerging industry development trends, state-owned enterprise management practices, and economic reform directions.

Beyond the research component, the consulting team will also be expected to deliver on-site support, emergency consultation services, expert assistance, and training programs as part of the accompanying service model outlined in the tender documentation.

The service period is set to commence following the signing of the contract and will extend for a full year. Eligibility requirements for the tender stipulated that bidders must be legal entities registered within the People's Republic of China, with no history of serious violations or dishonest conduct as recorded by relevant regulatory authorities.

Additional conditions included restrictions on related entities participating simultaneously and a prohibition on consortium bids, ensuring a fair and transparent selection process for this high-value state-owned enterprise project.