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(From SinoCast China Business Daily News)
BEIJING, September 01, SinoCast -- On August 28, China Life Insurance Co., Ltd. was formally established together with China Life Insurance (Group) Corporation. Wang Xianzhang, former president of China Life Insurance Corporation, will assume the post of the president of China Life Insurance (Group) Corporation and chairman and president of China Life Insurance Co., Ltd. Wu Dingfu, chairman of China Insurance Regulatory Commission, attended the establishment ceremony for the two insurance companies.
However, China Life Insurance Asset Management Corporation was not set up together with the two companies. In fact, the …