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World's first PwC university to be established in Sanya

Print Updated: 2019-05-31

PricewaterhouseCoopers, one of the world’s famous auditors, will establish its first university in Sanya, Hainan province, according to a strategic agreement signed with the Sanya Municipal People's Government on April 28.

The two sides will turn the university into an international innovation pilot demonstration base that will serve the whole world.

Chen Tiejun, Sanya’s executive vice-mayor, and Elton Yeung, PwC Greater China’s strategy and innovation leader signed the agreement on behalf of the parties.

The signing ceremony was also attended by Tong Daochi, a member of the Standing Committee of the CPC Hainan Provincial Committee and Secretary of the CPC Sanya Municipal Committee; Chen Xiaoya, a member of the Standing Committee and secretary-general of the CPC Sanya Municipal Committee; Raymund Chao, PwC Asia Pacific and Greater China chairman; and Humphrey Choi, PwC Asia Pacific and Greater China auditing partner.

Before signing the agreement, Tong met with Chao and his delegation to conduct in-depth exchanges and discussions on strengthening cooperation between the two sides.

The purpose of the agreement is also to further enhance Sanya's level of technological innovation level and talent cultivation, improve its urban competitiveness, and help the construction of Hainan’s free trade pilot areas and free trade port with Chinese characteristics.

PwC is one of the world's largest professional service organizations, and its network of member institutions covers 158 countries and regions. It is committed to providing high-quality services in the fields of auditing, consulting and taxation.

PwC came to Hainan in May 2018, becoming the first international professional service organization to settle in the province.

In order to promote their cooperation, Sanya officials had previously met with PwC representatives several times and conducted in-depth discussions before the company decided to choose Sanya as a key business development area.

By leveraging Sanya's policies and environment and PwC's mature global network and quality brands, the two sides will further deepen the implementation of science and technology innovation and talent development strategy, and create a three-way cycle of practical education, cutting-edge research and industry innovation. 

Such an industry-university-research ecosystem will form an international innovation pilot demonstration base that will serve the world.

At the same time, PwC will select innovative companies from all over the world to settle in Sanya, and provide them with comprehensive solutions.

The project will serve as the PwC Modern Urban Development Research Center and contribute to high-quality urban development based on the company’s “City+” innovative service solutions.

Since last year, Sanya has vigorously implemented the spirit of President Xi Jinping’s important speech on April 13 and the No 12 Central Document. It has taken tourism, modern service and high technology as pillar industries, aiming at the world’s and China’s top 500 and industry leaders to carry out precise investment.

The arrival of PwC will enhance Sanya's ability to implement scientific and technological innovation and cultivate international talents; improve the professional level of personnel training, enterprise services and industrial layout. It will attract more excellent enterprises in those industries to settle in Sanya and accelerate the construction of the Hainan’s free trade pilot areas and free trade port with Chinese characteristics.

Copyright © 2019 Sanya Municipal Government. All rights reserved. 

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