A few days ago, Xinhua Insurance (SH601336, stock price 30.60 yuan, market value 95.458 billion yuan) announced the announcement of the resolutions of the 32nd meeting of the seventh board of directors. The meeting will be held on July 11, 2022 by means of written review and voting. At the meeting, 15 directors should participate in the voting, and 15 directors actually participated in the voting. The meeting reviewed and approved the “Proposal on the Resignation of Vice President Mr. Li Yuan”. The voting results were 15 votes in favor, 0 votes against, and 0 abstentions.
According to public information, Li Yuan holds the title of senior economist, and is a member of the Life Insurance Professional Committee of the Insurance Industry Association of China, the deputy director of the Insurance Marketing Professional Committee, the deputy director of the Bancassurance Professional Committee, the deputy director of the Health Insurance Professional Committee, and the education and training professional. Vice-Chairman of the Committee. In 2010, he obtained a master’s degree in business administration from Sun Yat-Sen University.
Li Yuan worked in the People’s Insurance Company of China and Ping An Insurance Company of China in his early years. In October 2001, Li Yuan joined New China Insurance, and served as Assistant General Manager, Deputy General Manager, General Manager and Senior General Manager of the company’s Guangdong Branch, Director of New China Insurance Sales Management Center, Director of Personal Business, Director of Bancassurance Business, and Regional Director He is also the senior general manager of the Beijing branch, the assistant to the president, the general manager of the South China region and the general manager of the Guangdong branch. He has been the vice president of New China Insurance since November 2016.
With the resignation of Li Yuan, the current leadership team of Xinhua Insurance is: Chairman Xu Zhibin, CEO and President Li Quan, and Vice President Zhang Hong (main rank), Yang Zheng (CFO and financial officer), Gong Xingfeng (Chief actuary, secretary of the board of directors), Yu Zhigang, Qin Hongbo, and the assistants to the president are Yue Ran, Yuan Chaojun, and Wang Lianwen.
Public information shows that Xinhua Insurance was established in September 1996 and is headquartered in Beijing. It is a large life insurance company. It currently owns Xinhua Asset Management Co., Ltd., Xinhua Home Pension Service (Beijing) Co., Ltd. Xinhua Home Health Technology (Beijing) Co., Ltd., Xinhua Pension Insurance Co., Ltd., Beijing Xinhua Excellent Rehabilitation Hospital Co., Ltd. and other subsidiaries. In the first quarter of 2022, New China Insurance achieved insurance business income of 64.890 billion yuan, realized operating income of 74.963 billion yuan, and net profit attributable to shareholders of the parent company was 1.344 billion yuan.
Source of cover image: Photo Network-501160441
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