David Wu is a member of the Managing Board of PwC China and Hong Kong, the Managing Partner of PwC China Beijing Office, and also the Financial Services Domestic Market Leader and Public Policy and Regulatory Affairs Leader of PwC China. His specialisation focus on providing assurance and advisory services to banking and capital market clients in China.
David was one of the lead partners in PwC who developed and rolled out the reform roadmap for China’s state-owned banks in 2003, helping to set directions and accelerate the pace of reform of China’s financial institutions.
During 2003 to 2006, David was one of the lead partners on the engagement to assist Bank of China in its reform including financial restructuring, setup of joint stock company, introduction of strategic investors, and audit and listing in Hong Kong and Shanghai Stock Exchanges. In 2011, David led the audit for Postal Savings Bank of China and helped it complete its corporatization reform.
From 2008 to 2009, David was seconded to the Director’s Office of Banking Sector, UK Financial Services Authority in London responsible for the analysis of causes of the global banking crisis, changes in bank’s business models, fair value accounting and pro-cyclicality and international regulatory cooperation.