At the beginning of the second half of 2025, China Taiping Insurance Group welcomed a new wave of executive adjustments.

**01**

On September 9, the Zhejiang Bureau of the National Financial Regulatory Administration issued approval, confirming Chen Xiang's qualification to serve as Assistant General Manager of Taiping Technology.

On the same day, Taiping Life updated its senior management profiles, with Tang Xinan officially assuming the position of Assistant General Manager, marking the return of this veteran who has been deeply involved in the Taiping system for over 20 years to the life insurance segment.

As a core subsidiary under China Taiping, this personnel adjustment at Taiping Life has attracted significant attention. The 51-year-old Tang Xinan graduated with a major in accounting from Tianjin University of Finance and Economics, holding a Bachelor's degree in Management. His career began at Pacific Insurance Jinan Branch, before moving to Ping An Life Jinan Branch.

After joining Taiping Life in 2006, Tang Xinan successively held key positions at provincial branches in Shandong, Shanxi, Jiangxi, Jiangsu, and other regions, accumulating rich grassroots management experience. In 2021, he entered Taiping Life's headquarters as Market Director (Assistant General Manager level), was transferred to Assistant General Manager of Taiping Pension in February 2023, and completed his "return" in August this year.

Notably, during Tang Xinan's tenure at Taiping Pension, he was involved in a regulatory penalty incident. In June 2023, Taiping Life was fined 8 million yuan by the Shanghai branch of the People's Bank of China for failing to properly fulfill customer identity verification obligations, and Tang Xinan, then Market Director, was personally fined 42,500 yuan. This "return with a record" both reflects the group's recognition of his professional capabilities and demonstrates China Taiping's pragmatic approach to talent utilization.

**02**

Since 2025, with Yin Zhaojun and Li Kedong respectively assuming positions as Group Chairman and General Manager, China Taiping has initiated the largest round of executive adjustments in recent years. According to statistics, at least 15 executives across the group and its subsidiaries have taken new positions, showing three main characteristics:

First, the group level has strengthened risk management and control. In June, a new Vice President and Chief Risk Officer position was established, filled by Luo Chaohui; meanwhile, Bai Kai from the China Life system was introduced as Vice President, and Li Lunbing was appointed as Head of the Discipline Inspection and Supervision Group.

Second, key leaders implement "dual cross" appointments. Yin Zhaojun and Li Kedong have respectively assumed chairman positions at multiple subsidiaries in the first half of the year, reflecting the group's intention to strengthen strategic coordination.

Third, professional talent flows across business segments. Besides Tang Xinan, Li Wei, Assistant General Manager of Taiping Property Insurance, was transferred to serve as interim head of Taiping Technology in March, indicating accelerated deployment in the technology segment.

**03**

Synchronized with personnel changes is steady business growth. The 2025 interim report shows that China Taiping achieved total premium income of 155.67 billion yuan in the first half, up 2.6% year-on-year; net profit attributable to shareholders reached 6.764 billion HKD, with a growth rate of 12.2%. Each business segment showed highlights:

In the life insurance segment, Taiping Life's original premium income was 124.853 billion HKD, up 3.9%, with significant results from participating insurance transformation and new business value growing 22.8% year-on-year.

In property insurance, Taiping Property Insurance optimized its combined ratio to 95.5%, with non-auto insurance business continuing to increase its share.

The asset management segment reached a total scale of 1.68 trillion HKD, with net investment income growing 3.1%.

**04**

Worth noting is that despite a slight 0.7% decline in life insurance business insurance service revenue in HKD terms, it still maintained 0.8% positive growth in RMB terms, reflecting the periodic impact of exchange rate fluctuations on cross-border insurance business.

Although Taiping Technology has not disclosed specific financial data, the consecutive introduction of executives with property insurance backgrounds like Li Wei and Chen Xiang suggests its strategic direction of using technology to empower traditional insurance.

Looking ahead to the second half of the year, China Taiping has clearly stated it will focus on four key areas: "risk prevention, management strengthening, development promotion, and safety assurance."

While continuously optimizing its executive team, how to balance business innovation with risk control and address market competition and interest rate decline pressures will be key indicators for testing the effectiveness of this round of personnel adjustments.

As a national insurance brand with nearly a century of history, China Taiping is steadily advancing on the path of high-quality development through the dual drivers of talent strategy and business transformation.