China Life Insurance President Probed by Anti-Graft Body
BEIJING (Reuters) – Yang Chao, the former secretary of the party committee and president of China Life Insurance, is currently under investigation. The probe concerns suspected serious violations of discipline and law, according to an announcement made on Friday by China’s Central Commission for Discipline Inspection, the nation’s anti-graft watchdog.
The investigation into Yang, who formerly held a key leadership position at China’s largest life insurer, signals a continued focus on enforcing discipline within the financial sector by Chinese authorities. Details regarding the specific nature of the alleged violations have not yet been disclosed by the Commission.
The impact of this investigation on China Life Insurance and its operations remains to be seen.
