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Company: PwC China
Job title: China Insurance Industry Leader; China North
Markets Leader; Beijing Office Lead Partner and Mainland
China & Hong Kong Territory Diversity Leader
2007: Partner, PwC Beijing
2002: Senior manager/manager, PwC Beijing
1999: Manager/senior associate, PwC New York
1997: Senior associate, PwC Shanghai
1994: Senior staff, People’s Bank of China, Shenzheng Branch
my team has grown from five people to 500+ professionals
specifically focused on insurance industry services.
Because the China insurance industry was comparatively
young and I entered this market in the very early stage, I
also had several opportunities to participate in the China
insurance regulator’s project teams to assist the regulator to
develop the China Insurance Solvency regulations and the
China insurance-related accounting standards.
These regulations and standards set up the solid regulatory
cornerstone for the industry practice. I was very proud to
play a part in it.
What has been the biggest challenge you have encountered?
The biggest challenge was how to balance life and work after
my second child was born. When I came back to the office
from my maternity leave PwC China insurance business
was in the fast-growing period the whole team had to work
extremely hard to respond to the speed of growth.
How to look after two small children and at the same time
retain high performance at work became very challenging.
With support from family members and the PwC team I have
worked out an achievable balance to cover work and home life.
If you had chosen a different profession/career path, what
would it have been?
I would like to be a university professor.
Why did you choose to work in this industry?
The China insurance industry is a comparatively young
industry. When I joined PwC 20 years ago the China
insurance regulator was just about to set up and many startup
insurers had just begun to enter the market. The market was
full of opportunities but short of insurance expertise.
Although my education and previous working experience
were banking, I was attracted by this newly developing market
and eager to explore the insurance industry. I worked full time
on serving insurance clients in PwC’s China Shanghai office,
PwC’s US New York office and PwC’s China Beijing office.
In the past 20 years I have worked closely with my clients
and the insurance regulator to make contributions to the
development of the China insurance industry.
What has been the highlight of your career so far?
There are so many highlights in my career because I am in
such an exciting and rapidly growing insurance market in
China. Being one of the leading managers I helped China Life,
the biggest life insurance company in China successfully get
listed on the Hong Kong Stock Exchange and New York Stock
Exchange at the same time.
It’s the first China financial institution to be listed in both
the Hong Kong Stock Exchange and the New York Stock
Exchange and together with the client my team made history.
Since then I have been providing audit and consulting services
to China Life for 15 years.
The other highlight is being the insurance industry leader
of PwC China, I am experiencing the rapid growth of our
insurance professional team in China. In the past 20 years
“These regulations and standards set up
the solid regulatory cornerstone for the
industry practice. I was very proud to
play a part in it.”
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