Caixin
Feb 14, 2022 07:57 AM
FINANCE

Cover Story: State Insurance Boss’s Capital Games in Hong Kong

During Wang’s tenure, Taiping was an active player in Hong Kong’s capital market and built a complex business network involving many controversial conglomerates
During Wang’s tenure, Taiping was an active player in Hong Kong’s capital market and built a complex business network involving many controversial conglomerates

In China’s financial circles, Wang Bin is known as a capable and well-connected executive who steered China Taiping Insurance Group Ltd., one of the country’s largest state-owned insurance companies, onto the fast track.

But he is also known as a tyrannical leader who has never been reluctant to leverage his power and who apparently conducted a vast tangle of shady business dealings with a network of associates of whom many have since been convicted of corruption.

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