Apr 15, 2024 07:30 PM

FINANCE

Exclusive: Chinese Insurer’s Ex-Chairman Disappears From Public View, Sources Say

By Wu Yujian and Qing Na

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Former New China Life Insurance Chairman Li Quan. Photo: file photo

Former New China Life Insurance Chairman Li Quan. Photo: file photo

Li Quan, a former chairman of Hong Kong- and Shanghai-listed New China Life Insurance Co. Ltd. (NCL) (601336.SH) (新华人寿保险股份有限公司), has been unreachable since late March, sources familiar with the matter told Caixin.

His disappearance is likely linked to the state-owned insurer’s offshore asset management subsidiary, New China Asset Management (Hong Kong) Ltd., the sources said. Li chaired the Hong Kong-based subsidiary from 2013 to 2023.

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