Raymund Chao

Asia Pacific and Greater China Chairman, PwC China

Raymund is the Chairman of PwC Asia Pacific and Greater China.  He is also one of the five senior partners on PwC’s global Network Leadership Team that sets the overall strategy for the PwC Network and the standards to which PwC firms agree to adhere.

Raymund was born and raised in Hong Kong, but began his professional career in Toronto, Canada in 1984 after graduation. He then returned to Hong Kong in 1993 and was admitted to the Partnership in 1995. He was appointed to the Management Board of PwC China and Hong Kong in 2002 and in 2003, he relocated to Beijing and was named the Energy, Utilities and Mining Industry Leader. He became PwC’s China Assurance Leader in 2005, and from 2011 to 2015, he also became PwC’s Assurance Leader for the Asia Pacific region. Raymund returned to Hong Kong in 2014 and was elected Chairman of PwC Greater China in 2015.  In 2017, he also became PwC’s Asia Pacific Chairman.

During his more than 30 years of professional experience, Raymund has provided assurance and business advisory services to both private and public enterprises in Hong Kong as well as state-owned and private enterprises in mainland China. He has been involved in a number of onshore and offshore initial public offerings, debt financing, corporate restructuring, and mergers and acquisition transactions covering the finance, manufacturing, retailing, media and entertainment, technology and energy sectors.

Raymund had previously served as an Expert Adviser to the relevant authority responsible for the Power Industry reform in China. He had also served as an SEC Expert Witness on China cross border regulatory inspection issues in Washington.  Raymund is a frequent speaker at financial and business forums covering various emerging business and economic issues.

Raymund is a firm believer in actively working to make a positive impact on society. This includes PwC’s leadership in corporate responsibility, as well as the contribution of technical support, management advice and assurance services to organisations in the non-profit sector. Raymund is a co-founder and sponsor of the Quan Yuan Orphanage for disabled children.

Raymund is a Shanghai CPPCC member. He is also a Vice-President of Shanghai Chinese Overseas Friendship Association and the Hong Kong-Shanghai Economic Development Association. He serves as an Expert Advisor in accounting to the Ministry of Finance in China, and is an Honorary Advisor to the Hong Kong Business Accountants Association. He is also an Advisory Board member of the Duke Kunshan University.

Raymund is a Chartered Professional Accountant in Canada and a Certified Public Accountant (Practising) in Hong Kong.