China Life Insurance’s Chairman Faces Probe by Anti-Graft Watchdog

WATCH: China’s top anti-graft watchdog placed the chairman of one of the country’s largest insurers under investigation. John Liu reports.Source: Bloomberg

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By Bloomberg News

January 9, 2022 at 8:05 AM UTC

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China Life Insurance Co. Ltd. said operations and management are carrying on as normal amid a probe of its Chairman Wang Bin by the country’s top anti-graft watchdog.

The company will hold a board meeting in the near future to decide on an acting chairman, it said in a filing to Shanghai Stock Exchange on Sunday.