According to the news on the website of the Central Commission for Discipline Inspection and the State Supervision Commission on January 8, China Life Insurance Company Limited(601628) insurance (Group) Company (hereinafter referred to as China Life Insurance Company Limited(601628) group) party secretary and Chairman Wang Bin is suspected of serious violation of discipline and law, and is currently undergoing discipline review, supervision and investigation by the Central Commission for Discipline Inspection and the State Supervision Commission.
According to Wang Bin’s resume, he was born in November 1958 in Harbin, Heilongjiang Province. He has served as the chairman of the company since December 2018. He is now the chairman and party secretary of China Life Insurance Company Limited(601628) insurance (Group) company, and the director and chairman of Guangfa Bank Co., Ltd. Wang Bin has successively served in government and financial institutions and has nearly 30 years of financial management experience.
Wang Bin once served in the people’s Bank of China. As an important member, he participated in the preparation and establishment of the Agricultural Development Bank of China. He once served as the president of Jiangxi branch, Bank Of Communications Co.Ltd(601328) Tianjin branch and Bank Of Communications Co.Ltd(601328) Beijing Branch of the Agricultural Development Bank of China. From 2005 to 2012, he served as the vice president of Bank Of Communications Co.Ltd(601328) and concurrently served as the executive director of Bank Of Communications Co.Ltd(601328) from 2010 to 2012, From March 2012 to August 2018, he served as chairman and party secretary of China Taiping Insurance Group.
Wang Bin is a doctor of economics, researcher and member of the 12th and 13th CPPCC National Committee.
According to the official website of China Life Insurance Company Limited(601628) group, Wang Bin’s last appearance was on December 29, 2021. Guangyin Wealth Management Co., Ltd., a wholly-owned subsidiary of Guangfa bank, a member of China Life Insurance Company Limited(601628) group, held an unveiling ceremony in Shanghai. Wang Bin and Shanghai leaders jointly unveiled Guangyin wealth management.
The China Life Insurance Company Limited(601628) group is a large national financial and insurance enterprise. It is the parent company of the “first brother” China Life Insurance Company Limited(601628) ( China Life Insurance Company Limited(601628) , 601628. Sh; 02628. HK) in China’s life insurance industry and the joint-stock bank Guangfa bank.
In 2020, the consolidated operating income of China Life Insurance Company Limited(601628) group was nearly 1 trillion yuan, the consolidated premium income exceeded 750 billion yuan, the consolidated total assets exceeded 5 trillion yuan, and the consolidated management of third-party assets was 1.8 trillion yuan, continuously maintaining an all-time high.
For the work in 2021, Wang Bin once stressed the following key points: first, constantly strengthen the party’s construction, second, fully serve the overall situation of the country, third, seek progress while maintaining stability and promote transformation and development, fourth, continuously deepen reform and innovation, and fifth, stick to the risk bottom line.
In the first half of 2021, China Life Insurance Company Limited(601628) group consolidated operating income of 638.1 billion yuan, consolidated premium income of 518.2 billion yuan, consolidated total assets (excluding Guangdong Development Bank) of 5.5 trillion yuan and managed third-party assets of 1.9 trillion yuan.
When deploying the work in the second half of the year, Wang Bin said that with greater determination, the strong and weak items must make up for the weaknesses. The word “change” must take the lead, break the involution and break through the old model; We will make greater efforts to promote business models, digital transformation and upgrading, etc.
In January 2019, Wang Bin, who has just served as chairman of Guoshou group for less than half a year, put forward the slogan of “revitalizing Guoshou” and put forward the strategic deployment of China Life Insurance Company Limited(601628) “two steps” for the first time.
The first step is to take one to two years to grasp the strategic layout, upgrade the development concept, break through the development pattern, reconstruct the organizational system, boost the brand image, gather spiritual strength, focus on strengthening and optimizing Guoshou, and lay a solid foundation for building a world-class financial and insurance group; The second step is to basically build an international first-class financial and insurance group with outstanding comprehensive business characteristics, strong scientific and technological innovation ability, basically formed international layout, stable leading position in the core main business market, excellent national strategic ability and global competitiveness in two to three years.
Referring to the “two-step” strategic deployment, Wang Bin said that at present, China Life Insurance Company Limited(601628) we should pay close attention to upgrading the development concept, breaking through the development pattern, reconstructing the organization system, boosting the brand image and condensing spiritual strength. Guoshou also plans for the long term, promotes the “three modernizations” to achieve major breakthroughs, and is determined to use three to five years to strengthen the main business, expand the auxiliary business, improve the ability, compete for the first place, promote the significant leap in China Life Insurance Company Limited(601628) comprehensive business strength and scientific and technological strength, and achieve the strategic goal of revitalizing Guoshou.
Resume of Wang Bin:
Wang Bin, male, Han nationality, from Harbin, Heilongjiang Province, was born in November 1958 and joined the Communist Party of China in February 1985. Master of money and banking, Southwest University of Finance and economics, doctor of finance, Nankai University.
Main experience:
From July 1983 to July 1985, he worked successively in the Department of Commerce and the structural reform committee of the people’s Government of Heilongjiang Province
From July 1985 to September 1990, he successively served as deputy section chief, secretary at the section level and secretary at the deputy department level of the general office of the people’s Government of Heilongjiang Province
From September 1990 to June 1991, he served as deputy director of the office of Heilongjiang Branch of the people’s Bank of China
From June 1991 to December 1993, he served as secretary and director of the Secretariat of the general office of the people’s Bank of China;
From December 1993 to January 2000, he successively served as the head of the preparatory group office, deputy director of the office, director of the office, vice president of Jiangxi branch and President of Jiangxi branch of Agricultural Development Bank of China
From January 2000 to December 2002, he successively served as vice president of Bank Of Communications Co.Ltd(601328) Beijing Branch, President and party secretary of Tianjin Branch
From December 2002 to May 2005, served as president and party secretary of Bank Of Communications Co.Ltd(601328) Beijing Branch
From May 2005 to June 2010, Bank Of Communications Co.Ltd(601328) vice president and President of Beijing Management Department
From June 2010 to March 2012, he served as Bank Of Communications Co.Ltd(601328) executive director, vice president and President of Beijing management department
In March 2012, he served as chairman and Party Secretary (vice ministerial level) of China Taiping Insurance Group Corporation
In September 2018, he served as chairman and party secretary of China Life Insurance Company Limited(601628) insurance (Group) company
Checked in January 2022
(source: Daily Economic News)
