Caixin
Oct 17, 2023 07:23 AM
FINANCE

Former China Life Unit Executive Falls Under Graft Probe

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China Life is the country’s biggest insurance company with total assets in 2022 exceeding 6 trillion yuan ($823 billion)
China Life is the country’s biggest insurance company with total assets in 2022 exceeding 6 trillion yuan ($823 billion)

A former regional head of state-owned China Life Insurance Group’s pensions business fell under graft busters’ scrutiny as a corruption crackdown rattles the country’s largest insurer.

Mei Jianya, a former head of the Zhejiang branch of China Life Pension Co. Ltd., was placed under investigation, China’s top corruption watchdog said Monday.

Mei, 68, is a veteran in China Life, having served in various senior posts in the insurer’s provincial operations. In 2021, Mei was named general manager of China Life Pension’s Jiangxi subsidiary. He was transferred to head the company’s Zhejiang unit in October 2021 and was removed from the post last month.

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