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China Life (Group) appoints chairman

China Life Insurance (Group) Co. appointed Wang Bin its new chairman, effective Sept. 7.

Meanwhile, Yang Mingsheng retired from his role as chairman of the group.

Wang's appointment comes after he resigned as chairman of state-owned China Taiping Insurance Holdings Co. Ltd. on Sept. 4.

China Life Insurance (Group) is the parent company of China Life Insurance Co. Ltd.