Beijing-headquartered China Life has appointed Yang Mingsheng as chairman of China Life, replacing Yuan Li.
According to news reports, Mingsheng was previously vice chairman of the China Insurance Regulatory Commission (CIRC). He is also said to have worked for about 30 years at Agricultural Bank of China.
China Life was the largest life insurance company in China as of 30 June 2011.
As of 30 June 2011, the company had 135m long-term in-force insurance policies offering individual and group life, annuities and health insurance protection.