Sep 01, 2023 06:04 AM

FINANCE

Ex-Boss of Taiping Life Falls Under Graft Investigation

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What’s new: Zhang Ke, a former Communist Party chief and general manager of Taiping Life Insurance Co. Ltd., became the latest target of investigation as an anti-graft crackdown sweeps the financial industry.

Zhang is being probed “on suspicion of serious violation in law and discipline,” China’s top graft buster disclosed Thursday. Zhang headed Taiping Life, the life insurance arm of state-owned China Taiping Insurance Group Ltd. (China Taiping) for seven years starting in 2012.

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