David Wu is a partner in PwC China, specializing in assurance and advisory services for banking and capital markets clients. He is a Beijing Senior Partner and a member of the Management Board of PwC China and Hong Kong.
Mr Wu was a key player in developing and executing the roadmap for reforming China’s state-owned banks in 2003, helping to set directions and accelerate the pace of reform of China’s financial institutions. He was one of the lead partners advising Bank of China on its reforms from 2003 to 2006, assisting with the resolution of problem assets, recapitalization, introduction of strategic investors, and the bank’s successful IPO. He also led the audit for the Postal Savings Bank of China and helped the bank complete its corporate restructuring in 2011.
In 2008 and 2009, Mr Wu was seconded to the UK FSA, serving in the Director’s Office of the Banking Sector.
Mr Wu works closely with the ministries and government agencies that oversee China’s financial services industry and capital markets. He has in-depth understanding of the Chinese regulatory and market landscape.