Ex-China Life Chairman Charged for Bribery, Concealing Overseas Deposits

What’s new: Wang Bin, a former chairman of China Life Insurance (Group) Co., has been charged with concealing overseas deposits and accepting bribes when working for different financial institutions throughout his career, an official announcement said Thursday.

Wang was recently prosecuted in a court in Jinan, East China’s Shandong province, according to the announcement on the website of the Supreme People’s Procuratorate, China’s top prosecutor.