On July 23, Cailian Press reported that Jin Chao, the former vice president of CBHB, will join Ping An Retirement Insurance as general manager.

On the evening of July 23rd, a journalist contacted Ping An Retirement Insurance to verify the rumor. The representative did not respond to any specifics about Jin Chao's appointment, only stating that "please refer to official announcements for changes in the company's senior management personnel".

Previously employed at Ping An Bank and later joining CBHB through market recruitment.

The journalist noticed that before joining CBHB, Jin Chao had worked within the Ping An Group system. He had held positions such as member of the Shanghai Free Trade Zone branch committee and vice president and risk manager, as well as secretary and president of the Fuzhou branch committee for Ping An Bank.

On May 28, 2021, Jin Chao was appointed as vice president of CBHB through the bank's senior management professional market selection. His eligibility to serve in the position was approved on July 30, 2021.

However, on July 19 of this year, CBHB announced that the company's board of directors had received Jin Chao's resignation letter. Due to personal reasons, he did not wish to renew his term upon expiration and has resigned from his vice president position. The aforementioned resignation has already taken effect with board approval.

The current general manager is also a "Ping An veteran".

Ping An Life Insurance, established in December 2004, was the first specialized life insurance company in China, with a registered capital of CNY 11.603 billion. China Ping An Insurance (Group) Co. Ltd. holds a 94.1827% stake, making it the largest shareholder.

The current general manager of Ping An Retirement Insurance is Wang Xin, a "Ping An veteran" who joined the company in 1994 after starting work in 1993. Wang Xin has held various positions in Ping An non-life insurance, including manager of the claims department, marine insurance department, and auto insurance department of Ping An non-life's Jiangsu branch, as well as deputy general manager (in charge of work) of the integrated management department and client service department of Ping An non-life, deputy general manager of Ping An non-life's Hangzhou branch, general manager of Ping An non-life's Tianjin branch and Shenzhen branch, assistant general manager, general manager, deputy chairman, and executive deputy general manager of Ping An non-life.

According to the official website, as of the end of 2023, Ping An Retirement Insurance has provided enterprise annuity, insurance, asset management, and political risk services to 4.43 million corporate clients, and is currently providing pension, insurance, asset management, and political risk services to 0.463 million corporate clients and 0.124 billion personal clients. As of the end of 2023, Ping An Retirement Insurance achieved original insurance premium income of CNY 17.326 billion and managed entrusted and investment assets of enterprise annuity worth CNY 750.293 billion.

According to the solvency report for the first quarter of 2024, after completing two capital increases in 2022, Ping An Retirement Insurance's registered capital was increased from CNY 4.86 billion to CNY 11.6 billion. As of the end of the first quarter of 2024, the company's comprehensive solvency adequacy ratio was 296.00%, and the core solvency adequacy ratio was 206.36%, both indicating healthy levels.

However, in terms of comprehensive risk rating, Ping An Retirement Insurance's comprehensive risk rating for the third and fourth quarters of 2023 were both rated as Class C. Ping An Retirement Insurance stated that the company's comprehensive risk rating score for the fourth quarter of 2023 had reached the level of Class B, but due to changes in the regulatory assessment rules for comprehensive risk rating, the company's comprehensive risk rating for the fourth quarter was temporarily maintained at the same level as the previous quarter's rating.