【Senior Executive】Chinese Minmin Insurance Group Co., Ltd. (hereinafter referred to as "Chinese Insurance": 601319) completed the re-election of the board of directors at the end of June.
According to the announcement, the 2023 annual general meeting of Chinese Insurance elected Wang Tingke, Zhao Peng, Li Zhuyong and Xiao Jianyou as executive directors; elected Wang Qingjian, Miao Fu, Wang Shaoqun, Yu Qiang and Song Hongjun as non-executive directors; Cui Li, Xu Lina, Wang Pengcheng, Bei Duoguang and Gao Pingyang were elected as independent directors, and a total of 14 people formed the fifth board of directors.
Both executive and non-executive directors were re-elected. Independent directors Shao Shanbo and Gao Yongwen have served for 6 years and cannot be re-elected, and Bei Duoguang and Gao Pingyang are newly elected as independent directors.
Subsequently, the first meeting of the fifth board of directors elected Wang Tingke as chairman and Zhao Peng as vice chairman. Wang Tingke also serves as the chairman of the Strategy and Investment Committee, and Zhao Peng is also a member.
Born in 1965, Wang Tingke, aged 59, was appointed as Vice Chairman, Executive Director and President of Chinese Insurance in April 2020 and Chairman since May 2023.
Zhao Peng, born in 1972, was appointed as Executive Director, President and Vice Chairman in November 2023. Prior to that, he served as Vice President of Chinese Life from November 2017 to March 2020, Chief Financial Officer of Chinese Life Insurance (Group) in August 2019, Vice President of Agricultural Development Bank from March 2020 to July 2022, Vice President of Chinese Life Insurance (Group) and President of Chinese Life Insurance (Group) from July 2022 to July 2023.
The other two executive directors, Xiao Jianyou, were born in 1969 and became vice presidents since August 2019 and were elected as executive directors in October 2022. Li Zhuyong, born in 1973, was appointed as Vice President in April 2018 and was elected as Executive Director in October 2020.
In addition to the above three, the management team of Chinese Insurance also has three vice presidents and board secretaries and other senior executives. Vice President Cai Zhiwei was born in 1975 and is the youngest. Zhou Houjie and Han Kesheng were both born in 1965, and the others are post-70s. There are no women in Chinese's senior management.
The major shareholder of Chinese Insurance is the Ministry of Finance, holding 60.8% of the shares, and the National Council of Social Security Fund holds about 12.7%, for a total of 73.5%, which is a central financial enterprise.
The annual report shows that the highest salary of Chinese Insurance last year was not the chairman or president, but Han Kesheng, assistant to the president and the person in charge of auditing, about 1.35 million yuan; More than one million annual salary, as well as Zhou Houjie, the financial director, about 1.3 million yuan; Xu Yong's current salary is about 1.21 million yuan. The salaries of all three of them are significantly lower than in 2022, with a limit of more than 500,000 yuan.
The salary of Chairman Wang Tingke is about 990,000 yuan, the salary of President Zhao Peng is about 500,000 yuan, and the salary of many vice presidents is 905,000 yuan.
By the end of 2023, the total number of employees of Chinese Insurance will be about 176,000, with an average profit of about 130,000 yuan per capita and an average salary of nearly 350,000 yuan last year, an increase of 20,000 yuan over 2022.
As of June 29, the total market value of Chinese Insurance was 227.8 billion yuan.
(Note: The "salary" or "per capita salary" mentioned in this article includes wages and bonuses, employee benefits, five insurances and one housing fund, enterprise annuity, supplementary retirement benefits, etc., and is pre-tax; The data in the article comes from Straight Flush iFind, Oriental Fortune Choice and Wind Terminal)