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Three changes in the top leader in the past four years! Wang Tingke is no longer the party secretary. Who will take charge of China Insurance Group?

2024-08-17

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Interface News reporter | Lv Wenqi

Jiemian News Editor | Jiang Yiman

China Insurance GroupThe top leader has changed again. After one year and four months at the helm of PICC, Wang Tingke is no longer the party secretary.

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.

After Wang Tingke leaves office, it is still unclear who will take over the PICC. Currently, Zhao Peng, who was born in the 1970s and grew up in China Life Group, has served as vice president of Agricultural Development Bank of China and is now the deputy secretary of the Party Committee, vice chairman and president of PICC Group.

Wang Tingke was born in October 1964. He graduated from the School of Economics and Finance of Xi'an Jiaotong University (formerly Shaanxi Institute of Finance and Economics) with a bachelor's degree in 1988. He received a master's degree and a doctorate in monetary banking from the same university in 1991 and 1995. His doctoral supervisor was Professor Jiang Qiwu, a famous economist and financial educator in my country.

Wang Tingke worked as a teacher at Harbin Higher Finance College in his early years.China Everbright Bank, once took the lead in completing the restructuring of Everbright Xinglong Trust, and in December 2014 he served concurrently as president and deputy secretary of the Party Committee.

In 2015, Wang Tingke officially entered the insurance industry and served asChina TaipingWang Tingke served as deputy general manager of China Taiping Insurance Group (Hong Kong) and concurrently chairman of Taiping Pension Insurance Company since May 2015. In July 2018, he served as general manager of China Export & Credit Insurance Corporation. In April 2020, he served as executive director, vice chairman and president of PICC.

In his spare time, Wang Tingke loves calligraphy and serves as a director of the China Financial Calligraphers Association. He is good at cursive script, and his calligraphy has been commented as "talented, vigorous, and free-spirited."

The previous chairmen of PICC before Wang Tingke all served in charge of PICC for a short period of time.

In November 2017, as Wu Yan, former Party Secretary and Chairman of PICC Group, was transferred to the Social Security Fund as Vice Chairman, Miao Jianmin succeeded him as Chairman. In 2018, Miao Jianmin proposed the "3411 Project" to promote the transformation of three subsidiaries: property insurance, life insurance, and health insurance. In July 2020, Miao Jianmin was promoted to Chairman of China Merchants Group and left PICC.

In September 2020, Luo Xi took over as Party Secretary and Chairman of PICC. After taking office, he established the "Excellent Insurance Strategy". On February 17, 2023, after the "Golden Sentences" and "Prohibition of Alcohol" and other public opinion storms, Luo Xi was removed from the position of Party Secretary of PICC. He was at the helm of PICC for less than two and a half years. Wang Tingke was promoted to the "top leader" of PICC on April 21, 2023 and served as Party Secretary of PICC.

In 2020, when Luo Xi was the chairman of PICC Group, he launched the "Excellent Insurance Strategy", the core of which is the "1+7" strategic framework. After Luo Xi's resignation, the outside world has paid close attention to the future strategic planning of PICC.

"PICC will adhere to the stability and continuity of the strategy, and promote the implementation of the excellent insurance strategy in a more in-depth and pragmatic manner. At the same time, it will also organically combine the stability of the strategy and the flexibility of the strategy. In promoting the excellent insurance strategy, some specific strategies will be dynamically optimized." Wang Tingke said at the time.

However, in June this year, China Insurance Group decided to restore the company's logo, abbreviation and anniversary date that were changed by Luo Xi.

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.

From January to July this year, China Life’s premium income totaled 468.045 billion yuan, a year-on-year increase of 3.9%.

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