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PICC Property & Casualty names independent nonexecutive director

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PICC Property & Casualty names independent nonexecutive director

PICC Property &Casualty Co. Ltd. said its board appointed Chu Bende as an independentnonexecutive director.

Chu is currently chairman and secretary general of the ChinaFoundation for Development of Financial Education and a vice chairman of the NationalInternet Finance Association of China, the company said May 10.

The appointment is subject to approval from the company's shareholdersand the China Insurance Regulatory Commission. Chu's term will begin immediatelyafter the conclusion of the company's annual general meeting.