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From China Securities

After taking charge of China Insurance Group for one year and four months, Wang Tingke no longer serves as the Party Secretary of China Insurance Group.

According to the official website of China Life Insurance Group, on the morning of August 17, entrusted by the leadership of the Central Organization Department, responsible persons from the relevant cadre bureau of the Central Organization Department attended the Party Committee meeting of China Life Insurance Group Co., Ltd. and announced the central decision: Comrade Wang Tingke will no longer serve as the Party Secretary of China Life Insurance Group Co., Ltd.

Wang Tingke was born in October 1964. He holds a PhD in economics. His career spans academia, banking and insurance industries, including more than four years at China Insurance Group.

Wang Tingke has worked in the Everbright system for nearly 20 years since 1995. He worked at Everbright Bank from July 1995 to March 2009, and at Everbright Group from March 2009 to February 2015.

In 2015, Wang Tingke entered the insurance industry and served in three vice-ministerial insurance companies. In February 2015, he was transferred to China Taiping Group as deputy general manager. In June 2018, he was transferred to China Export and Credit Insurance Corporation as deputy secretary of the party committee and general manager. In April 2020, he was transferred to China Insurance Group as deputy secretary of the party committee and president.

The news that Wang Tingke will no longer serve as the Party Secretary of PICC came as a surprise to the industry. This is the third change in the Party Secretary of PICC Group since 2020.

During his tenure as president of PICC Group, Wang Tingke witnessed two changes in the chairmanship of PICC, and responded twice on behalf of PICC management to the question of strategic continuity after the change of the top leader. Since he took over as the top leader of PICC, he has optimized the strategy of PICC Group and said that he will maintain strategic focus, and will promote the implementation of the excellent insurance strategy in a more in-depth and pragmatic manner, and will also organically combine strategic stability with strategic flexibility.

On July 24, the 2024 half-year work conference of China Life Insurance analyzed the operating conditions in the first half of the year and put forward the key points of the management and operation in the second half of the year. First, continue to consolidate the upward trend and ensure the completion of the annual goals and tasks; second, strengthen refined management and continue to promote the high-quality development of the group; third, adhere to serving the overall situation and do a good job in the "five major articles" of finance with high standards; fourth, strengthen innovation-driven and accelerate the formation of new quality productivity of PICC; fifth, adhere to deepening reform and speed up the implementation of reform; sixth, deepen coordinated development and give full play to the strategic advantages of the group's comprehensive operation; seventh, strengthen comprehensive risk management and firmly guard the bottom line of no major risks and systemic risks; eighth, adhere to the leadership of party building and promote both party building and operation.

Editor: Peng Bo

Proofreading: Yao Yuan

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