China Re has officially announced management changes, with Party Secretary He Chunlei retiring in August 2025 upon reaching retirement age. Deputy Party Secretary Zhuang Ganzhi will succeed him as Party Secretary.
Industry sources indicate that following President Zhuang Ganzhi's appointment to his new role, Deputy President Zhu Xiaoyun is expected to assume the position of President at China Re.
Zhuang Ganzhi holds a PhD in Economics and graduated from Peking University with a major in Finance. He previously held positions at major central financial institutions including China Construction Bank and China Construction Investment Group. He joined China Re in 2021, serving successively as Deputy President and President, while also serving as Chairman of China Life Reinsurance and China Re Asset Management. He currently serves as Chairman of China's Belt and Road Reinsurance Community and Dean of China Reinsurance Research Institute.
Born in August 1975, Zhu Xiaoyun holds a Master's degree in Finance. She currently serves as Party Committee Member, Executive Director, and Deputy President of China Re. Ms. Zhu joined China Re in 1998 and has held various positions including Deputy Director of the Board Office, Director of the General Office (Party Committee Office), Head of Party Committee Organization Department, General Manager of Human Resources, Board Secretary, and Chairman of China Property & Casualty Reinsurance. She has also served as Director of Huatai Insurance Brokers and Director of China Insurance Media Co., Ltd. (formerly China Insurance News Co., Ltd.).
Since February 2025, Zhu Xiaoyun has served as Executive Director of China Re.
China Reinsurance (Group) Corporation was established by the Ministry of Finance of the People's Republic of China and Central Huijin Investment Ltd., with registered capital of RMB 42.48 billion. The Ministry of Finance holds an 11.45% stake, while Central Huijin Investment Ltd. holds 71.56%.
China Re primarily controls seven domestic subsidiaries: China Property & Casualty Reinsurance Company Ltd., China Life Reinsurance Company Ltd., China United Property Insurance Company Ltd., China Re Asset Management Co., Ltd., Huatai Insurance Brokers Co., Ltd., China Re Catastrophe Risk Management Co., Ltd., and China Re Digital Technology Co., Ltd.
On October 26, 2015, China Re was listed on the Main Board of The Stock Exchange of Hong Kong Limited, making it China's only state-owned reinsurance group listed in Hong Kong. The company ranks first in Asia and eighth globally by reinsurance premium scale.
According to China Re's latest interim results, the group achieved total premium income of RMB 103.835 billion in the first half of 2025, representing a 3.4% year-on-year increase, with insurance service revenue of RMB 51.056 billion. Net profit attributable to shareholders reached RMB 6.244 billion, up 9.0% year-on-year. Total investment income was RMB 9.584 billion, with net investment income of RMB 7.321 billion, representing a 4.9% increase.
China Re Group maintains market leadership in both property and casualty and life reinsurance sectors. In recent years, the group has achieved qualitative improvements in financial resilience, market competitiveness, and social value creation through strategic focus, technology empowerment, and global expansion.
Looking ahead, under the leadership of the new management team and with the deepening implementation of the "Development Breakthrough Period" strategy, the company will continue to leverage its core role as a reinsurance main channel, playing a leading role in catastrophe risk management, green finance, and digital transformation to provide solid risk protection support for Chinese-style modernization.