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chairman suddenly resigned! missed an important meeting last week. china insurance changed its helmsman three times in four years. the central government decided

2024-09-07

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on the evening of september 6, china life insurance company limited issued an "announcement on the resignation of chairman" stating that the company's board of directors had received wang tingke's resignation letter.due to work needs, wang tingke resigned from his positions as executive director, chairman and chairman of the board's strategy and investment committee.the resignation will take effect from september 5.
the announcement shows that wang tingke has confirmed that he has no disagreements with the company's board of directors and there are no other matters that need to be notified to the company's shareholders.
previously, the official website of picc issued a notice stating that on the morning of august 17, entrusted by the leadership of the central organization department, the responsible comrades of the relevant cadre bureau of the central organization department attended the party committee meeting of picc and announcedthe central committee has decided that comrade wang tingke will no longer serve as the party secretary of the china people’s insurance company.
it is understood thatat the picc board meeting held on august 28, then-chairman wang tingke did not attend, but instead entrusted picc vice chairman and president zhao peng to preside over the meeting and exercise voting rights on his behalf. wang tingke also did not attend the picc 2024 interim results conference held on august 29.
public information shows that wang tingke was born in 1964 and graduated from shaanxi university of finance and economics. he holds a postgraduate degree, a doctorate in economics, and is a senior economist. he was formerly deputy secretary, vice chairman, and president of the china insurance group, deputy secretary, vice chairman, and general manager of the china export & credit insurance corporation, and member of the party committee, executive director, and deputy general manager of china taiping insurance group co., ltd. he is currently vice president of the china insurance society and vice president of the china chamber of international commerce.
in fact,wang tingke did not serve as the chairman of china insurance group for long.on april 21 last year, wang tingke, then deputy party secretary and president of picc, was appointed party secretary of picc, replacing luo xi who was dismissed in february of that year. in october last year, wang tingke was approved to serve as chairman of picc.
it is reported that,wang tingke's resignation marks the third time that china insurance group has changed its helmsman in the past four years.in november 2017, wu yan, former party secretary and chairman of picc, was transferred to the position of vice chairman of the social security fund, and then miao jianmin succeeded him as chairman. the latter became chairman of china merchants group in july 2020. in september 2020, luo xi took over as party secretary of picc and became chairman.
after wang tingke resigned, the new head of china insurance group has yet to be determined, and zhao peng is currently serving as the interim head.
regarding the resignation, the announcement stated that during his tenure as chairman of the company, wang tingke pragmatically promoted the optimization of excellent strategies, deeply implemented eight strategic services, adhered to the bottom line of risk prevention and control, promoted the company's high-quality development, and achieved excellent results under a complex and changing external environment, laying a solid foundation for the next step of the group's work. during his tenure, wang tingke performed his duties conscientiously, diligently, pragmatically, and innovatively, and did a lot of fruitful work for the reform and development of the group.
according to the semi-annual report of china insurance group, the group achieved a total operating income of 292.307 billion yuan in the first half of 2024, a year-on-year increase of 4.1%; the net profit attributable to the parent company's shareholders was 22.687 billion yuan, a year-on-year increase of 14.1%.
china business news is compiled from the official website of china insurance group, china securities journal, china news service, the paper, and cailianshe
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