Deloitte has announced a strategic investment programme of US$200 million into talent development and capability upgrade.

Deloitte says the programme will be dedicated to enhancing its advisory services, advancing digital and technology transformation for the firm and Chinese enterprises, supporting the Belt & Road Initiative, as well as assisting Chinese enterprises in going global.

This is a joint initiative of Deloitte Global and Deloitte China. The programme includes US$40 million specifically for the purpose of helping Chinese companies participate in and capture the benefits of the Belt & Road Initiative on a global scale.

Commenting, Punit Renjen, Deloitte Global CEO, says, “Over the past few decades, we have witnessed China's incredible transformation as an economic power, which has continued to generate Fortune Global 500 companies. China is an important market for Deloitte and we are committed to serving the China marketplace with distinction. The strategic investment will help the China firm build an even stronger and more innovative multidisciplinary business model, which is a source of our competitive strength.”

According to Deloitte, the programme aims to elevate the firm's talent and capabilities in professional services, as well as to support the digital transformation of Chinese enterprises and promote innovative changes within the firm and across Chinese enterprises.

Commenting on the Belt and Road initiative, Vivian Jiang, Deloitte China deputy CEO, says, "The Chinese Government will continually ramp up support for and investment in areas such as energy infrastructure, technology and international industrial capacity cooperation. Deloitte China is fully committed to helping our clients leverage opportunities and overcome challenges related to the Belt and Road Initiative, assisting them in resolving various risks, navigating cultural differences and developing a comprehensive business plan. At the same time, this strategic investment program can strengthen our firm's Belt Road initiative international talent development and further accelerate Chinese enterprises in going global".