Becoming the first "post-70s" cadre to fall out of management this year, this senior executive of a deputy ministerial level central enterprise has been investigated for insurance | China Taiping Insurance Group Co., Ltd. | Senior official
On July 18th, the website of the Central Commission for Discipline Inspection and the National Supervisory Commission announced that Xiao Xing, a member of the Party Committee and Deputy General Manager of China Taiping Insurance Group Co., Ltd., is suspected of serious violations of discipline and law and is currently undergoing disciplinary review and supervisory investigation by the Central Commission for Discipline Inspection and the National Supervisory Commission.
As of now, 5 central management cadres have been investigated in July, and the number of central management cadres who have been arrested this year has reached 29. At the same time, Xiao Xing is also the first central management cadre born in the 1970s to fall from grace this year.
Xiao Xing was born in December 1971 in Shangrao, Jiangxi and is a Doctor of Law. He worked in universities in his early years, engaging in youth work. From July 1994 to July 2005, he served as the Deputy Secretary of the Youth League Committee of the School of Computer Engineering and Science at Shanghai University, a clerk, deputy chief clerk, chief clerk, and assistant minister of the Regional Work Department of the Shanghai Municipal Committee of the Communist Youth League, the Deputy Minister of the United Front Work Department of the Municipal Committee of the Communist Youth League, the Deputy Secretary General of the Municipal Youth League, and the Minister of the Rights and Interests Department of the Municipal Committee of the Communist Youth League.
In 2005, Xiao Xing transferred to China Life Insurance and successively served as the General Manager of the Human Resources Department and the Minister of the Party Committee Organization Department of the Shanghai Branch, the General Manager of the Pudong Branch, a member of the Party Committee, Chairman of the Supervisory Board and Deputy General Manager of the Hong Kong Branch of China Life Insurance, Chairman of China Life Trust, and Deputy General Manager, Party Secretary, and General Manager of the Shanghai Branch of China Life Insurance.
In 2013, Xiao Xing was appointed as the Party Secretary and General Manager of Taiping Asset Management Co., Ltd. From 2017, he became a member of the Party Committee and Deputy General Manager of China Taiping Insurance Group. The news of Xiao Xing's loss of contact had already spread in the second half of last week, until he was reported to have been arrested.
![Becoming the first "post-70s" cadre to fall out of management this year, this senior executive of a deputy ministerial level central enterprise has been investigated for insurance | China Taiping Insurance Group Co., Ltd. | Senior official](https://a5qu.com/upload/images/bd3fd87ce3bb63896719075374d37662.jpg)
At the same time, Xiao Xing is also a member of the 11th and 12th Shanghai Municipal Committee of the Chinese People's Political Consultative Conference, and the vice chairman of the 2nd National Financial Youth Federation. He was awarded the "2015 China Insurance Person of the Year".
According to the official website of Taiping Insurance, China Taiping Insurance Group Co., Ltd., abbreviated as "China Taiping", was founded in Shanghai in 1929. It is the longest running national insurance brand in China's history and the only centrally managed financial enterprise with its management headquarters overseas.
China Taiping originated from the three major ethnic brands of Taiping Insurance, China Insurance, and Minan Insurance. In 1956, according to the unified deployment of the country, China Insurance and Taiping Insurance ceased domestic business and specialized in Hong Kong, Macao, and overseas insurance business. In 1999, all overseas state-owned insurance institutions were placed under the management of China Insurance Corporation Limited. Listed on the Hong Kong Stock Exchange in 2000, it is the first insurance company in China to be listed overseas. In 2001, the Ethereum brand resumed operations domestically. In 2009, the three major brands of Zhongbao, Taiping, and Min'an were unified and renamed as China Taiping Insurance Group Corporation. In 2012, it was included in central management and upgraded to a deputy ministerial level financial central enterprise. In 2013, it completed restructuring and overall listing, and officially changed its name to China Taiping Insurance Group Co., Ltd. In 2022, the total premium of China Taiping Insurance reached 227.5 billion yuan, with total assets exceeding 1.2 trillion yuan and assets under management exceeding 2.1 trillion yuan. It has been listed in the Fortune Global 500 for five consecutive years.