The impact is severe! Chen Zhongqian was "double opened" and had a serious nature. State | Supervisory Commission | Chen Zhongqian

Release time:Apr 14, 2024 12:30 PM

The investigation results of another insurance company cadre have been announced!

On August 1st, the official website of the Central Commission for Discipline Inspection and the National Supervisory Commission announced that Chen Zhongqian, former deputy general manager of the Science and Technology Operations Department of China Taiping Insurance Group Co., Ltd., had been expelled from the party and held public office.

The report states that Chen Zhongqian does not believe in ghosts and gods, is enthusiastic about superstitious activities, and illegally accepts arrangements for activities such as banquets, entertainment, and paid companionship from subordinates; Transforming power into tools for personal gain and embezzling state-owned assets; Taking advantage of one's position to seek benefits for others in agency insurance business, adjusting and promoting positions, and illegally accepting huge amounts of property, is a typical example of the integration of wind and corruption.

It is understood that Chen Zhongqian has many years of experience in the insurance industry and has worked in Ping An Property Insurance, Anbang Insurance and other places. After joining Taiping Property&Casualty Insurance, Chen Zhongqian held various positions including Deputy General Manager of Comprehensive Development Department, Deputy General Manager of Hebei Branch, General Manager of Shandong Branch, and Marketing Director. In December 2017, he became Assistant General Manager of Taiping Property&Casualty Insurance. In February this year, Chen Zhongqian was investigated as the Deputy General Manager of the Technology Operations Department of China Taiping Insurance Group.

Take a look at the details——

Enthusiastic superstition activities

Suspected of bribery and corruption

Recently, with the approval of the Central Commission for Discipline Inspection and the National Supervisory Commission, the disciplinary inspection and supervision team of the Central Commission for Discipline Inspection and the National Supervisory Commission stationed at China Taiping Insurance Group Co., Ltd. and the Rizhao City Supervisory Commission in Shandong Province conducted a disciplinary review and supervisory investigation into Chen Zhongqian, former deputy general manager of the Science and Technology Operations Department of China Taiping Insurance Group Co., Ltd., for serious violations of discipline and law.

After investigation, Chen Zhongqian's ideals and beliefs were completely devoid, with inconsistent appearances and insincerity. He deliberately opposed organizational censorship, did not believe in Marxism Leninism, believed in ghosts and gods, and was enthusiastic about superstitious activities;


The impact is severe! Chen Zhongqian was "double opened" and had a serious nature. State | Supervisory Commission | Chen Zhongqian

Ignoring the spirit of the eight point regulations of the central government, accepting gifts, gifts, and shopping cards from subordinates and private business owners in violation of regulations, and accepting arrangements for activities such as banquets, entertainment, and paid companionship from subordinates in violation of regulations;

Striving for personal gain in personnel selection and appointment, seriously damaging the political ecology of the company; Illegally organizing entertainment activities paid with public funds, and using public funds to pay expenses unrelated to official duties;

The view on political achievements is severely distorted, with no discipline or laws in mind, and greed is inflated, alienating the power in hand into tools for personal gain and embezzling state-owned assets; Taking advantage of one's position to seek benefits for others in insurance agency business, adjusting and promoting positions, and illegally accepting huge amounts of property.

The notice pointed out that Chen Zhongqian seriously violated the political discipline of the Party, the spirit of the Central Eight point Regulations, organizational discipline, integrity discipline, life discipline, and national laws and regulations, constituting serious violations of duty and suspected of bribery and corruption. He did not restrain or stop after the 18th National Congress of the Communist Party of China, and continued to do so after the 19th National Congress of the Communist Party of China. He is a typical example of wind and corruption, with a serious nature and a bad impact, and should be dealt with seriously.

In accordance with the Regulations of the CPC on Disciplinary Actions, the Supervision Law of the People's Republic of China, the Law of the People's Republic of China on Administrative Punishments of Public Officials and other relevant provisions, after the discussion of the meeting of the Party Committee of China Taiping Insurance Group Co., Ltd., Chen Zhongqian was decided to be expelled from the Party; After the meeting of the disciplinary inspection and supervision team of the Central Commission for Discipline Inspection and the National Supervisory Commission stationed at China Taiping Insurance Group Co., Ltd., it was decided to dismiss Chen Zhongqian from public office; Confiscate their illegal gains from disciplinary violations; The Rizhao Municipal Supervision Commission will transfer the suspected criminal issues to the procuratorial organs for legal review and prosecution, and the involved property will be transferred together.

Six months ago, I was investigated in the first half of the year

According to public information, Chen Zhongqian was born in November 1968 and obtained a Bachelor of Science degree from Yunnan University.

Based on his work experience, Chen Zhongqian has many years of experience in the insurance industry. He has worked in Ping An Property and Casualty Insurance Yunnan Branch, Fujian Branch and other places, and has held positions such as Deputy General Manager of Anbang Insurance Yunnan Branch and Deputy General Manager of Anbang Insurance Risk Management Department.

After joining Taiping Property&Casualty Insurance, Chen Zhongqian held various positions including Deputy General Manager of the Comprehensive Development Department, Deputy General Manager of Hebei Branch, General Manager of Shandong Branch, and Marketing Director. In December 2017, Chen Zhongqian began serving as the Assistant General Manager of Taiping Property and Casualty Insurance, in charge of the Agency Channel Department.


The impact is severe! Chen Zhongqian was "double opened" and had a serious nature. State | Supervisory Commission | Chen Zhongqian

According to Tianyancha information, Chen Zhongqian is still serving as a director of Taiping Financial Technology Services Co., Ltd., a subsidiary of Taiping. He registered as a director in March 2021 and withdrew from the list of directors in November 2022.

In May 2021, Chen Zhongqian, as the Assistant General Manager of Taiping Property and Casualty Insurance, co wrote an article with the Deputy General Manager of Taiping Jinke titled "Technology Empowers Agricultural Insurance to Develop in Depth". It is mentioned that China Taiping adheres to innovation driven development and increases the empowerment of scientific and technological innovation. Taiping Property and Casualty Insurance, as an important platform for implementing agricultural insurance protection under China Taiping, collaborates with the group's internal technology subsidiary Taiping Jinke to make assisting and benefiting farmers an important task of financial technology support for agriculture.

In April 2022, Taiping Property&Casualty Insurance released its first quarter solvency report, which showed that Chen Zhongqian had resigned and no longer served as the Assistant General Manager of Taiping Property&Casualty Insurance.

In February of this year, according to the website of the Central Commission for Discipline Inspection and the National Supervisory Commission, Chen Zhongqian, Deputy General Manager of the Science and Technology Operations Department of China Taiping Insurance Group, was suspected of serious violations of discipline and law. He has been subject to disciplinary review by the Discipline Inspection and Supervision Group of the Central Commission for Discipline Inspection and the National Supervisory Commission stationed at China Taiping Insurance Group Co., Ltd., as well as a supervisory investigation by the Rizhao Municipal Supervisory Commission in Shandong Province.

Multiple people in the insurance industry are being investigated

The insurance industry has entered a deep-water period of anti-corruption, and many people from China Taiping Insurance Group have also been investigated.

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 under disciplinary review and supervision investigation by the Central Commission for Discipline Inspection and the National Supervisory Commission.

It is reported that Xiao Xing has worked at China Life Insurance for many years, serving as the Chairman of the Board of Supervisors and the General Manager of the Shanghai branch of China Life Insurance. After joining Taiping in China, Xiao Xing held multiple positions including Chairman of Taiping Property&Casualty Insurance, Chairman of Taiping Jinke, and General Manager of Taiping Asset Management. He also had a lot of work interaction with Chen Zhongqian.

Public information shows that China Taiping was founded in Shanghai in 1929 and is the first multinational financial and insurance conglomerate in China, as well as the only centrally managed financial institution headquartered in Hong Kong. In 2022, the total premium of Taiping Insurance in China reached 227.5 billion yuan, with total assets exceeding 1.2 trillion yuan and assets under management exceeding 2.1 trillion yuan.


The impact is severe! Chen Zhongqian was "double opened" and had a serious nature. State | Supervisory Commission | Chen Zhongqian

In addition, in January of this year, Shandong procuratorial organs lawfully prosecuted Wang Bin, former chairman of China Life Insurance, for suspected bribery and concealment of overseas deposits. From March 2012 to September 2018, Wang Bin served as the Chairman and Party Secretary of China Taiping Insurance Group.

Apart from Taiping in China, multiple insurance officials have been investigated and dealt with since the beginning of this year.

On July 11th, according to the Hainan Provincial Commission for Discipline Inspection and Supervision, Shan Rongguang, former Party Secretary and General Manager of Hainan Branch of People's Property Insurance Co., Ltd., is suspected of serious violations of discipline and law. He has been subject to disciplinary review by the Discipline Inspection and Supervision Group of the Central Commission for Discipline Inspection and the National Supervisory Commission stationed at People's Insurance Group Co., Ltd. and investigation by the Hainan Provincial Supervisory Commission.

On June 21st, according to the Shandong Provincial Commission for Discipline Inspection and Supervision, Wan Feng, former Party Secretary and Chairman of Xinhua Life Insurance Co., Ltd., was expelled from the Party. The notice shows that Wan Feng seriously violated the Party's organizational discipline and integrity discipline, constituting serious violations of his duties and suspected of accepting bribes.

On April 11th, the official website of the Central Commission for Discipline Inspection announced that Wang Zheng, former member of the Party Committee and Deputy General Manager of China Life Insurance Co., Ltd. Beijing Branch, was suspected of serious violations of discipline and law and was subject to disciplinary review by the Discipline Inspection and Supervision Group of the Central Commission for Discipline Inspection and the National Supervisory Commission stationed in China Life Insurance, as well as investigation by the Ulanqab Municipal Supervisory Commission.

In addition, the insurance cadres who were "double opened" during the year also included Fei Jianfeng, former business director of China Life Insurance and former party secretary and general manager of Ningbo Branch, Lin Zhiyong, former party secretary and president of People's Property and Casualty Insurance Co., Ltd., and Fu Fei, former director of the Risk Disposal and Legal Affairs Department of China Insurance Protection Fund Corporation.

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