Caixin
Aug 23, 2016 05:51 PM

Insurance Company Executive Taking Lead at Central Huijin

Bai Tao
Bai Tao

(Beijing) – China Life Insurance (Group) Co.'s vice president Bai Tao is expected to take the helm at China's state-owned investor Central Huijin Investment Ltd., according to sources with knowledge of the matter.

Bai, 52, is on track to become Huijin's president, a position that has been left open for more than a year after former executive Xie Zhichun resigned in May 2015.

Normally, Bai would also be appointed as Huijin's executive director and vice president of China's sovereign wealth fund China Investment Corp. (CIC), which owns Huijin.

Compared with many of Huijin's current high-level executives, Bai has more knowledge and experience in insurance and securities, which will make him a valuable addition to the firm's management team, a source close to the CIC told Caixin.

Bai became China Life's vice president in June 2014 after working for 30 years at the Industrial and Commercial Bank of China. He holds a Ph.D. in economics and a bachelor's degree in finance from the Renmin University.

Contact reporter Wang Yuqian at (yuqianwang@caixin.com); editor Ken Howe at (kennethhowe@caixin.com)

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