trending Market Intelligence /marketintelligence/en/news-insights/trending/HwfGBEJZnu40PvnoIWclBQ2 content esgSubNav
In This List

New China Life says 'under normal operation' after chairman reported to depart

Blog

Beyond ESG with Climate Stress Testing: Getting Practical at Banks & Insurers

Blog

Insight Weekly: Hurricane Ida impact; banks seek PPP forgiveness; commodities boom disruption

Blog

Fund Financing Through a Credit Lens Digging Deeper on Credit Risk Factors for Alternative Investment Funds

Blog

NGL revenues surge in Q2; economic rebound underway; Lumen's dilemma


New China Life says 'under normal operation' after chairman reported to depart

New China Life Insurance Co. Ltd. said it is "under normal operation and management" ahead of the election of a new session of its board of directors, in a statement following media reports that its chairman had stepped down.

Shares in New China Life fell as much as 8% in Jan. 7 trading in Shanghai and closed down 6.7%, after a report, cited by news website Yicai Global, that Chairman Wan Feng was stepping down to join Shin Kong-HNA Life Insurance Co. Ltd.

New China Life Insurance said it would follow the procedures for the election of a new board session, and it advised shareholders and potential investors to be cautious in dealing with the company's securities.