PwC China to invest over RMB 1 billion to deliver “The New Equation” at Reimagine Park in Sanya, Hainan Province

Leading business schools INSEAD and Thunderbird are partnering with PwC “to support the leaders of today and tomorrow” 

Hong Kong, 11 December 2022 – The Chairman of PwC Asia Pacific and China, Raymund Chao, and the Vice Governor of Hainan Province, Ni Qiang, officiated at the launch of the ‘Reimagine Park’ in the afternoon of 10 December. This Reimagine Park will occupy sixteen acres in Sanya, China, and is due to go live in 2025. 

The Reimagine Park will provide state-of-the-art facilities for the PwC Asia Pacific Trust Leadership Institute to deliver unique immersive learning experiences focused on sustainability, digital innovation, wellness, and mobility. These unique programmes are critical pillars of PwC China’s strategy, The New Equation, to build trust and drive sustained outcomes for leaders as they navigate the new era. The overall investment will be over RMB 1 billion.

Partnering with the leading business schools INSEAD (Paris) and Thunderbird School of Global Management (Arizona), as well as the Danish Design Centre, the Institute will provide substantial learning opportunities for future talents, leaders and executives and foster practical innovation – both virtually and in person. 

On behalf of the provincial government, Chen Xi, Deputy Secretary of the Sanya Municipal Party Committee and Mayor of the Municipal Government expressed his gratitude to PwC for establishing a presence in Sanya and its ongoing contribution to Hainan Province. He said: “The visit led by Ni Qiang, Vice Governor of Hainan Province demonstrates Hainan’s devotion to PwC and the programme, as well as Hainan's confidence in deepening the cooperation between both parties. We hope that PwC will continue to leverage its advantages in the academic and business sectors so as to help Sanya's digital innovation and talent development. We welcome partners from around the world to our free trade port. We hope they can share the opportunities from China’s development and excel together.”

With a mission of connecting solvers, inspiring change, and delivering trust, the programme will support the leaders of today and tomorrow, equipping them with the skills they need for a successful and sustainable future. The Park will be the physical and virtual venue for everything from immersive, problem-solving workshops to formal, specialised training courses. It will ensure that PwC’s people and clients are aligned in meeting their business and societal goals. 

Raymund Chao, Chairman of PwC Asia Pacific and China, said: “Mainland China has been putting more and more resources into talent development, technology, innovation and sustainability. Through the PwC Asia Pacific Trust Leadership Institute at the Reimagine Park and as part of our commitment to deliver our New Equation Strategy, PwC is bringing together a community of solvers with world-renowned institutions, such as INSEAD and Thunderbird from education, and Danish Design Centre from the creative industries. They will all bring unique capabilities from different sectors. This will enable the programme to make a real impact on society.” 

In attendance at the launch ceremony:

Vice Governor of Hainan Province Ni Qiang (forth from the left), Deputy Secretary of the Sanya Municipal Party Committee and Mayor of the Municipal Government Chen Xi (third from the left), Director of the Hainan Provincial Department of Education Cao Xiankun, Director of the Hainan Provincial Department of Commerce Han Shengjian, Chairman of PwC Asia Pacific and China Raymund Chao (forth from the right), Vice Chairman of PwC China Elton Yeung, Managing Partner - Markets, PwC China Thomas Leung, Managing Partner of ESG in PwC China Amy Cai.