news

한어Русский языкEnglishFrançaisIndonesianSanskrit日本語DeutschPortuguêsΕλληνικάespañolItalianoSuomalainenLatina

there are important personnel changes in the insurance circle again.

according to the official website of china life, on the morning of august 28, 2024, relevant responsible persons from the organization department of the central committee attended the cadre meeting of china life insurance (group) company and announced the decision of the central committee: comrade cai xiliang will be appointed as the party secretary of china life insurance (group) company, and comrade bai tao will be removed from the post of party secretary of china life insurance (group) company.

according to public information, cai xiliang was born in 1966 and holds a master's degree in economics. he has served as deputy secretary of the party committee, deputy chairman and general manager of china export & credit insurance corporation, and member of the party committee and deputy general manager of china citic group corporation. since april 2022, he has served as deputy secretary of the party committee, deputy chairman and president of china life insurance (group) company.

bai tao, born in 1963, holds a doctorate in economics and is a senior economist. he has served as chairman and party secretary of china development investment corporation; deputy secretary, vice chairman and president of china life insurance company; member of the party committee and deputy general manager of china investment corporation; member of the party committee and vice president of china life insurance (group) company. he has served as secretary of the party committee and chairman of china life insurance (group) company since january 2022.

according to the official website of china life insurance (group) company, china life is a large state-owned financial institution with 8 first-level subsidiaries, 1 national joint-stock commercial bank and 1 directly affiliated college. its business scope covers three major sectors: insurance, investment and banking. the company has more than 20,000 branches and outlets, nearly 800,000 employees and sales staff, and more than 4,000 customer service centers in 36 provinces (autonomous regions, municipalities directly under the central government, and cities with independent planning status) across the country. it also has branches and representative offices in hong kong, china, macau, china, singapore, indonesia, london, uk, and new york, usa, providing financial insurance services to more than 800 million customers.

in 2023, the newly added insurance coverage for various types of risks in the country will be nearly 80 trillion yuan, the scale of existing investment serving the real economy will exceed 4.4 trillion yuan, and the domestic bank credit balance will exceed 2 trillion yuan; the group's consolidated operating income will be nearly 990 billion yuan, the consolidated premium income will be nearly 790 billion yuan, the total assets of the insurance and investment sectors will be nearly 6.8 trillion yuan, the total assets of the banking sector will exceed 3.5 trillion yuan, the scale of managed third-party assets will reach 2.5 trillion yuan, and the total scale of managed assets will be nearly 13 trillion yuan; it has been listed in the fortune global 500 for 22 consecutive years, and its brand value in 2024 will reach rmb 501.985 billion, continuing to lead china's financial insurance companies.

recently, there have been frequent personnel changes in the insurance circle. on august 17, according to the official website of china life insurance group, on the morning of august 17, 2024, entrusted by the leadership of the central organization department, responsible comrades 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 secretary of the party committee of china life insurance group co., ltd.