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Caixin

China state insurance head's dubious dealings in Hong Kong

Wang Bin latest financial boss to be investigated by CCP anti-graft squad

Wang’s troubles might have been rooted in his career before China Life, Caixin learned.   © AP

In China's financial circles, Wang Bin is known as a capable and well-connected executive who steered China Taiping Insurance Group, one of the country's largest state-owned insurance companies, onto the fast track.

But he is also known as a tyrannical leader who has never been reluctant to leverage his power and who apparently conducted a tangle of shady business dealings with a vast network of associates, of whom many have since been convicted of corruption.

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