China Reinsurance (Group) Corporation has appointed vice chairman and executive director Zhuang Qianzhi (pictured above left) as chairman of its fifth session board, pending approval by the National Financial Regulatory Administration.
Until formal confirmation is received, Zhuang will serve as the company’s legal representative and act as chairman of the board. His term will end with the conclusion of the fifth session, after which he may be re-elected.
Zhuang holds a doctorate in economics and is a senior economist. He joined China Re’s leadership as an executive director in August 2021 and became vice chairman in December 2022. Within the company, he has served as president, vice president, compliance controller, and chief risk officer. He has also chaired China Life Reinsurance Company Ltd. and China Re Asset Management Company Ltd.
His career spans several financial institutions in China. At China Construction Bank Corporation, he was deputy general manager in the financial advisory division of its investment banking department and senior manager in the securities pledged loan division. At China Jianyin Investment Ltd., he served as deputy general manager of investment banking, general manager of strategy and risk departments, and head of office. He also worked as executive director and vice president of Southwest Securities Co. Ltd., chairman of JIC Technology Investment Co. Ltd., and assistant to the president of China Jianyin Investment Ltd.
The leadership change follows the resignation of He Chunlei (pictured above right), who stepped down after reaching the statutory retirement age. His resignation covered roles as chairman of the board, executive director, and chair of the Strategy and Sustainable Development Committee, effective Sept. 18, 2025.
As part of the transition, the board also confirmed changes under Hong Kong Listing Rule 3.05. Zhuang has replaced He as an authorized representative of the company, effective the same day.
China Re, jointly founded by the Ministry of Finance of China and Central Huijin Investment Corporation, operates as a reinsurance group with a range of business lines. Through its subsidiaries – China Property & Casualty Reinsurance Company Ltd., China Life Reinsurance Company Ltd., China Continent Property & Casualty Insurance Company Ltd., China Re Asset Management Company Ltd., and Huatai Insurance Agency & Consultant Service Ltd. – the company provides reinsurance, direct insurance, asset management, insurance brokerage, and insurance media services.
What is your view on how Zhuang's appointment could influence the group’s direction in the reinsurance sector?
