Members Introduction
Mr. GONG Xingfeng, Chinese
Mr. GONG Xingfeng has been an executive director, the president and the financial principal of the Company since December 2024. Mr. Gong has successively served as an assistant to general manager of actuarial department, deputy general manager of underwriting and claim settlement department, general manager of customer service department, chief actuary officer, an assistant president, vice president, chief actuary and the board secretary since he joined the Company in January 1999. He also worked as the head of investment business and the chairman of the board of supervisors of Asset Management Company, the director and the chief actuary of New China Pension. Prior to joining the Company, Mr. Gong once worked in People’s Bank of China and China Insurance Regulatory Commission. Mr. Gong holds a senior economist title. He is a Fellow (FCAA) of China Association of Actuaries (CAA) and a Fellow of the Chartered Institute of Management Accountants (FCMA) of the Chartered Institute of Management Accountants (CIMA). He is currently serving as an executive member of China Association of Actuaries. Mr. Gong received his master’s degree in economics from Central University of Finance and Economics in 1996 and obtained his MBA degree from China Europe International Business School in 2011.
Mr. QIN Hongbo, Chinese
Mr. QIN Hongbo has been a vice president of the Company since November 2021. He has been the director and chairman of the board of directors of Asset Management Company since November 2024, and the secretary of the Party Committee of Asset Management Company since May 2024. Mr. Qin joined the Company in September 2021. He served as chief risk officer of the Company from September 2022 to May 2024. Mr. Qin once served as the general manager of development and reform department, employee representative supervisor, director of the board of directors office, general manager of strategy and development department, chief strategy officer and spokesman of China Reinsurance (Group) Corporation. He once worked as the supervisor, director and deputy general manager of China Continent Property & Casualty Insurance Company Ltd., director of China Life Reinsurance Company Ltd. and China Reinsurance (Hong Kong) Company Limited. Mr. Qin obtained his PhD in economics from University of International Business and Economics in 2011 and holds a senior economist title.
Mr. WANG Lianwen, Chinese
Mr. WANG Lianwen has been a vice president of the Company since December 2022. Mr. Wang had been an assistant president of the Company from February 2017 to December 2022 and the general manager of Zhejiang branch of the Company from September 2019 to July 2022. Since joining the Company in May 2010, Mr. Wang had successively served as the legal person business director of the Company, the director and regional general manager of Northwest China and the general manager of Shaanxi branch, an assistant president of the Company, deputy general manager of New China Pension and temporary responsible person of Zhejiang branch of the Company. Mr. Wang holds professional intermediate accountant and economist titles. He received his PhD in economics from Fudan University in 2004.
Mr. LI Wenfeng, Chinese
Mr. LI Wenfeng has been an assistant president of the Company since February 2024, the secretary of the Party Committee of New China Pension since March 2024 and the chairman of New China Pension since July 2024. Mr. Li was designated as the director of China Reinsurance (Group) Corporation (a company listed on the HKSE, stock code: 01508) by Huijin from August 2023 to May 2024. From February 2019 to December 2023, Mr. Li served as deputy senior manager of the securities management department/insurance management department, head and senior manager of the office of directly-managing enterprises/the third division of equity management department II of Huijin, during which he was on secondment as a deputy director of Chaoyang Park Management Committee (Chaoyang District Science and Technology and Information Bureau) in Zhongguancun Science and Technology Park (中關(guān)村科技園區(qū)朝陽園管委會(朝陽區(qū)科技和信息化局)). From September 2009 to February 2019, Mr. Li served as manager of the board of supervisors office/internal audit department, and deputy senior manager of the office/board of directors office/Party Committee office of CIC. Mr. Li worked in Jinan Audit Office of National Audit Office (審計署濟南特派辦) and Information Postal Audit Bureau of National Audit Office (審計署信息郵政審計局). Mr. Li obtained his master’s degree in economics from Dongbei University of Finance & Economics in 2008 and is an auditor.
Ms. LIU Chen, Chinese
Ms. LIU Chen has been an assistant president of the Company since March 2024 and the general manager of renewal business department. Ms. Liu once served as director of the Company, the general manager of customer service department, premium department and customer service department/consumer rights protection department. Ms. Liu obtained her master’s degree in economics from the Central University of Finance and Economics in 1999, obtained her EMBA degree from Tsinghua University in 2012 and holds an economist title.
Mr. LIU Zhiyong, Chinese
Mr. LIU Zhiyong has been an assistant president of the Company since March 2024 and the Board Secretary since April 2025. Mr. Liu is currently the head of the Party Organization Committee of the Company and vice president of NCI Research and Training Institute. Mr. Liu once served as senior manager of the human resources department and the head of the research and planning team of CIC, the designated supervisor of the securities management department/insurance management department of Huijin and general manager of the human resources department of the Company. Mr. Liu once worked in PICC Property and Casualty Company Limited. Mr. Liu obtained his PhD in management from Renmin University of China in 2017 and holds an economist title.
Mr. WANG Xigang, Chinese
Mr. WANG Xigang is the compliance principle of the Company. He joined the company in 1998 and has served as general manager of legal affairs department, general manager of legal and compliance department, general manager of legal, compliance and risk management department, general manager of legal, compliance and risk management department (director level), and general manager of legal and compliance department (director level) since 2005. Mr. Wang obtained his PhD in law from Renmin University of China in July 2008 and holds an intermediate economist title.
Mr. BI Tao, Chinese
Mr. BI Tao is the audit principle of the Company and general manager of audit department. Mr. Bi joined the company in 2003 to engage in audit work. He has served as assistant general manager of audit department, deputy general manager of audit department (in charge of work), deputy general manager of eastern region audit center (in charge of work), and general manager of eastern region audit center since 2013. Mr. Bi obtained his bachelor’s degree of economics from Shandong Institute of Finance in July 1999 and holds an intermediate accountant title.
Mr. PAN Xing, Chinese
Mr. PAN Xing is the Chief Actuary of the Company and general manager of product and marketing department. Mr. Pan joined the company in 2003, working in product development. He was appointed assistant general manager of product development department in June 2017, and became deputy general manager of product development department in March 2022. He was transferred to New China Pension in November 2022 and served as chief actuary, financial principal, and general manager of operations management center. Mr. Pan obtained his PhD in finance from University of International Business and Economics in July 2014 and is a fellow of China Association of Actuaries.
The responsibilities of the EC shall mainly include the following duties:
(1) To implement the major decisions and deployments of the CPC Central Committee and the State Council, transmit the instructions of the meetings of the board of directors, and carry out and implement the specific tasks and measures of the resolutions of the board of directors; (2) To implement relevant national laws and regulations, the important policies and work requirements from competent departments, regulatory bodies and other units; (3) To implement the plans in connection with material mergers and acquisitions, equity and real property investments and financings, and assets disposals, subject to the authorization by the board of directors or in accordance with resolutions of the board of directors, and report to the board of directors; (4) To study on the material decisions of the Company on its operations, which include the matters on the development strategy, operation principle, material asset acquisitions and investments, and provide advice to the board of directors; (5) To consider the important systems and policies related to the operation and management of the Company; (6) To draft the relevant matters as stipulated in these Articles of Association that should be decided by the shareholders’ general meeting and the board of directors of the Company, including but not limited to: 1. the Company’s strategic planning, business plans, annual investment and financing plans, etc.; 2. the Company’s plans for merger, division, change in company form or dissolution; 3. the Company’s plans for change of registered capital and issuance of corporate bonds; 4. the Company’s plans on annual financial budgets and final accounts; 5. the Company’s financial reports (including interim and annual reports); 6. the Company’s plans on annual profit distribution and losses recovery; 7. the basic system of the Company to be decided by the shareholders’ general meeting and the board of directors; 8. other matters on the operation and management of the Company that need to be submitted to the shareholders’ general meeting and the board of directors for decision. (7) To study on the plans of incorporation of subsidiaries, material management system and policies of subsidiaries; (8) To establish, abolish or adjust the relevant professional committees under the EC of the Company; (9) To monitor the regular material operations and activities, and hear the work report by the officers in connection with regular material operations of the Company; (10) To arrange and implement comprehensive risk management and the solvency risk management, establish the organizational structure for solvency risk management, formulate and implement the policies and procedures for solvency risk management, assess the solvency risk status on a regular basis, formulate the solvency risk solutions, prepare the solvency reports, arrange the development and application of the risk management information system, and perform other duties authorized by the board of directors in respect of risk management; (11) To hear regulatory opinions of the relevant regulators on the Company, and figure out the rectification measures; (12) To review and evaluate the corporate governance structure so as to ensure that the financial reporting, significant event reporting system and internal control of the Company meet the standards for corporate governance; (13) To be responsible for ensuring the effective implementation of strategic objectives and policies for the protection of rights and interests of consumers; (14) To be responsible for establishing a data governance system and data quality control mechanism, evaluating the effectiveness and implementation of data governance, and reporting to the board of directors; (15) Such other functions and authorities of the EC as authorized by the board of directors through authorization plans or special resolutions.
