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in recent times, the five a-share listed insurance companies have made major personnel adjustments, including chairman of the board, president, and heads of core subsidiaries.

on september 30, china life (601628.sh, 2628.hk) announced that the company’s chairman bai tao resigned due to job changes, and recommended the company’s executive director and president li mingguang to perform the duties of chairman and legal representative.

prior to this, bai tao had resigned as party secretary of china life group, the parent company of china life. on the morning of august 28, relevant responsible comrades 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 was appointed as the party secretary of china life insurance (group) company, and comrade bai tao was removed from the post of china life insurance (group) company. group) company party committee secretary position.

information picture of bai tao resigning as chairman of china life insurance

also on september 30, new china insurance (601336.sh, 01336.hk) announced that president zhang hong resigned due to age and agreed to appoint vice president gong xingfeng as the company’s president.

in addition, on september 30, there was also market news that deng bin, assistant general manager and chief investment officer of china ping an (601318.sh, 02318.hk), will resign. in response, a spokesman for ping an group said that deng bin, chief investment executive officer of ping an group, submitted his resignation to the company due to personal and family reasons. the company expressed its gratitude for his contribution during his tenure. deng bin will continue to serve until the contract period in december 2024. full. guo shibang, director of the investment committee of ping an group, will take over deng bin’s related work.

it is worth noting that in august this year, the paper reporter learned that yu hong, general manager of ping an life, a core subsidiary of ping an of china, resigned. in september, ping an life announced that general manager yu hong would be re-employed after his retirement and would resign as executive director, general manager and other related positions of ping an life. yang zheng, secretary of the party committee and chairman of ping an life insurance, serves as the interim person in charge and assumes the duties of acting general manager. the above job changes will take effect after the relevant regulatory processes are completed.

in addition to china life, the chairman of picc, another vice-ministerial insurance company, has also resigned recently.

on the morning of august 17, entrusted by the leaders of the organization department of the cpc central committee, the responsible comrades of the relevant cadre bureau of the organization department of the cpc central committee attended the party committee of the people's insurance company of china co., ltd. and announced the central government's decision: comrade wang tingke will no longer serve as the party committee of the people's insurance company of china co., ltd. (china secretary of the party committee of picc, 601319.sh; 1339.hk).

on september 6, picc issued an announcement stating that wang tingke resigned from the company’s executive director, chairman of the board and chairman of the strategy and investment committee of the board of directors due to work needs. the resignation will be effective from september 5, 2024.

another listed insurance company, china pacific insurance (601601.sh, 2601.hk), its core subsidiary cpic life insurance has also recently undergone changes in its chairman and general manager.

in july this year, li jinsong was just approved to be the general manager of cpic life insurance, replacing cai qiang who resigned in the first half of the year.

on august 19, cpic life held a cadre meeting and announced that pan yanhong, chairman of cpic life, who has served china pacific insurance for more than 30 years, will no longer serve as cpic life party committee secretary and chairman because she has reached the statutory retirement age and is undergoing retirement procedures in accordance with prescribed procedures. position. zhao yonggang, deputy secretary of the party committee and president of china pacific insurance group, will concurrently serve as chairman of cpic life insurance and will subsequently perform corporate governance and regulatory approval procedures in accordance with regulations. li jinsong, general manager of china pacific insurance company, is appointed secretary of the party committee of china pacific insurance company.