Former Deputy IMF Chief Joins Chinese State-Owned Insurance Giant

What’s new: Zhang Tao, a financial veteran who worked for China’s central bank and the International Monetary Fund (IMF), joined The People’s Insurance Co. (Group) of China Ltd. (PICC) as a deputy chief of its Communist Party committee, according to its website.

Zhang is expected to become the state-owned insurance giant’s supervisory board chairman, filling the opening left by Huang Liangbo, sources with knowledge of the issue said.