Anthony Wu
Antony Wu Ting-yuk, GBS, JP, (b.1954)[1](Chinese: 胡定旭; Sidney Lau: Woo4 Ding6 Yuk1) is a standing committee member of the Chinese People's Political Consultative Conference (CPPCC) National Committee of the People's Republic of China. He was appointed on 11 March 2013.
Early life
Wu received his secondary school education at Wah Yan College[1] and went on to complete a foundation course in accountancy at Teesside Polytechnic, United Kingdom, in 1975. He then joined the Institute of Chartered Accountants (England & Wales) as a student member and obtained the Associate Chartered Accountant qualification in 1979.[2]
Accounting career
Wu was managing partner of Ernst & Young's China business in 1996. He became deputy chairman of the firm in 1998 and chairman in 2000. He left the firm in 2005.[3]
New China Hong Kong Group
Wu served as financial advisor to the New China Hong Kong Group, a firm listed on the Hong Kong Stock Exchange, prior to its collapse in 1999 with HK$1.5 billion in unpaid creditors.
Public appointments and politics
After three years (1999-2002) as a member of the Hospital Authority of Hong Kong's Audit Committee and four years as chairman of its Finance and Tender committees (2000-2004), Wu was appointed chairman of the Authority on 7 October 2004, a post he held for the following nine years.[1]
In 2006, he co-founded the high-profile pro-Beijing political thinktank, the Bauhinia Foundation Research Centre.
On 10 December 2006, Wu was appointed to the small-circle Hong Kong Election Committee in the CPPCC sub-sector by dint of his membership of that organ.
In 2010, Wu was elected chairman of the Hong Kong General Chamber of Commerce, having been Vice-Chairman from at least six years,[1] and served a two-year term of office.
Business activities
In 2016, Wu was Deputy Chairman of listed Sincere Watch (Hong Kong) Ltd and independent non-executive director of listed firms Power Assets Holdings Limited, Guangdong Investment Limited and China Taiping Insurance Holdings Company Limited.
Honours
The Hong Kong Government awarded Wu the Gold Bauhinia Star (GBS), its highest honour, for distinguished service to the community in 2008, one of eight recipients that year.
Professional misconduct
In 2014, Wu was found guilty of professional misconduct by the Hong Kong Institute of Certified Public Accountants for acting concurrently both as financial advisor to and auditor of New China Hong Kong Group prior to its collapse. He was struck off for two years and fined HK$250,000 plus the Institute's costs. The Institute, exceptionally, issued a statement in July 2014 in response to unrepentant remarks by Wu, in which it stated that his breaches had been "persistent, flagrant and inexcusable".[3]
References
- ^ a b c d "Press Release" (PDF). Hospital Authority. 12 October 2004. Retrieved 26 October 2016.
- ^ "Agricultural Bank of China". Bloomberg. Retrieved 25 October 2016.
- ^ a b Winn, Howard (24 July 2014). "Anthony Wu pays the price of professional misconduct". South China Morning Post.