Foresea Life Insurance chairman resigns
Print Edition
YAO Zhenhua is no longer chairman and a board member of Foresea Life Insurance, the company said in a statement.
Yao handed in his resignation on March 1, the statement said. The board met and agreed to his request on March 6. Deputy Chairman Zhang Jinshun was appointed interim chairman.
The China Insurance Regulatory Commission barred Yao from the insurance industry for 10 years last month for irregular market operations.
The CIRC said Foresea Life violated regulations and provided false information on its capital increase.
Foresea Life, a subsidiary of financial conglomerate Baoneng, was suspended from selling its questionable high-return insurance service in December, after speculative stake buyouts in listed companies by heavyweight insurers.
To contain financial risk, the CIRC sent investigation teams to insurance companies, including Foresea Life, to review their management, balance sheets, product and capital use.
- About Us
- |
- Terms of Use
- |
-
RSS - |
- Privacy Policy
- |
- Contact Us
- |
- Shanghai Call Center: 962288
- |
- Tip-off hotline: 52920043
- 娌狪CP璇侊細娌狪CP澶05050403鍙-1
- |
- 浜掕仈缃戞柊闂讳俊鎭湇鍔¤鍙瘉锛31120180004
- |
- 缃戠粶瑙嗗惉璁稿彲璇侊細0909346
- |
- 骞挎挱鐢佃鑺傜洰鍒朵綔璁稿彲璇侊細娌瓧绗354鍙
- |
- 澧炲肩數淇′笟鍔＄粡钀ヨ鍙瘉锛氭勃B2-20120012
Copyright 漏 1999- Shanghai Daily. All rights reserved.Preferably viewed with Internet Explorer 8 or newer browsers.
