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on the evening of september 6, picc announced that the company's board of directors had received wang tingke's resignation letter. due to work needs, wang tingke resigned from the company's executive director, chairman and chairman of the board's strategy and investment committee. the resignation will take effect from september 5, 2024.

on august 17, the official website of china insurance group announced that wang tingke would no longer serve as the party secretary of china insurance group.

in the latest announcement, china insurance group said that during his tenure as chairman of the company, wang tingke united and led the group's cadres and employees, insisted on the political and people-oriented nature of financial work, did a solid job in the "five major articles" of finance, pragmatically promoted the optimization of excellent strategies, implemented eight strategic services in depth, adhered to the bottom line of risk prevention and control, promoted the company's high-quality development, and achieved outstanding results in a complex and changing external environment, laying a solid foundation for the next step of the group's work.

"during his tenure, mr. wang tingke performed his duties conscientiously, sought truth from facts, upheld integrity and innovation, and did a lot of fruitful work for the reform and development of the group. the board of directors of the company would like to express its sincere gratitude to mr. wang tingke for his important contributions to the company!" picc announced.

wang tingke was born in october 1964. he holds a phd in economics. his career spans academia, banking and insurance, and he has worked at picc for more than four years. in april 2020, he was transferred from sinosure to become the deputy secretary of the picc party committee and later served as president. on april 21, 2023, he was promoted to the top leader of picc and served as the secretary of the picc party committee. on june 29, 2023, wang tingke officially served as the chairman of picc. he is also another person who was promoted directly from the second-in-command to the top leader of picc after miao jianmin.

prior to joining picc, wang tingke worked in two other vice-ministerial insurance companies. in february 2015, he was transferred to china taiping group as deputy general manager, and in june 2018, he was transferred to china export and credit insurance corporation as deputy secretary of the party committee and general manager. earlier, wang tingke had nearly 20 years of experience in the everbright system. he worked at everbright bank from july 1995 to march 2009, and at everbright group from march 2009 to february 2015.

according to a reporter from securities china, wang tingke received good reviews during his time at picc. on august 17, the news that he would no longer serve as party secretary came as a surprise to the picc system.

picc is known as the "eldest son" of the insurance industry in new china. after more than 70 years of development, it has become a large state-owned insurance and financial group, with businesses covering property insurance, life insurance, reinsurance, asset management, insurance technology and other fields. picc is controlled by the ministry of finance with a 60.84% ​​stake, and the national social security fund council holds a 12.68% stake. in 2012, the leadership team of picc group was placed under the management of the central government and appointed by the central government.

in 2023, picc will realize a net profit of 22.773 billion yuan, insurance service income of 503.9 billion yuan, and original insurance premium income of more than 661.7 billion yuan. as of the end of june 2024, picc's total assets will be 1.65 trillion yuan.